Examples of Developer Payments in a sentence
Subject to Clause 24 (Developer Payments), the Developer will have sole rights to revenue arising out of the collection of Tolls and from the operation of Secondary Developments initiated by the Developer, during the Concession Period.
The District agrees to make payments to the Developer for repayment of the Developer Advances described in the Bright Agreement in accordance with the terms and conditions of this Agreement (the "Developer Payments").
Licensee may examine these books and records as they relate to the usage of the Game Funding Payment and receipt of Developer Payments, such examination to occur during regular business hours, upon reasonable notice, and in a manner that is not disruptive to the Developer’s business.
The City agrees to pay to or for the account of the Developer the Developer Payments in accordance with the terms of this Agreement, upon the satisfaction of the conditions of Section 1.4 herein with respect to the Developer Improvements, the actual costs of the Developer Improvements incurred by the Developer and eligible for reimbursement as provided in this Agreement (with the costs collectively referred to herein as the "Costs").
The City will cooperate with any reasonable assignment request by a lender, including the Development Finance Authority of Summit County or other governmental entity that may issue bonds secured by all or a portion of the Developer Payments.
Developer will maintain books and records that report the usage of the Game Funding Payment paid to Developer by Licensee hereunder and Developer Payments.
Such payment of the Developer Payments shall also include interest calculated from the date such payments were originally due at the lesser of the rate of (i) One and One Half Percent (1.5%) per month or (ii) the maximum rate permitted by law.
The Developer Payments proposed by this Agreement are in lieu of any fees the Districts might have imposed under the School Fee Legislation or any other authorization the Districts may have to collect fees and in lieu of providing a land dedication under the City School Strategy.
The Developer Payments will be held in Fund 25, the account into which all school district developer fees must be held.
Subject to the availability of funds in the TIF Fund and the Developer’s compliance with the terms and conditions of this Agreement, the County shall pay Developer Payments to the Developer, solely from the TIF Funds, on or before the first business day following each May 15 and November 15 (each, a “Payment Date”) following each Service Payment Date until the Costs have been paid in full.