Examples of Development Contribution in a sentence
Each of the Shareholders and any Customer may be required to contribute to Development Expenses (Development Contribution) that are incurred by the Company in the creation and development of new initiatives, programmes or software.
Subject to clause 9.2, provided that the Developer has complied with its obligations under this Agreement, to pay the Development Contribution or any other amount payable under this Agreement, the Council will return the Bank Guarantee to the Developer.
The parties acknowledge and agree that Division 81 of the GST Act applies to the supplies made under and in respect of this Agreement such that clause 8.4 does not apply to the Development Contribution.
This Agreement is a planning agreement within the meaning of Subdivision 2 of Division 7.1 of Part 7 of the Act and makes possible the provision of the Development Contribution for the Public Purpose.
If the Board determines that a Development Contribution is necessary in accordance with clause 6.1(q), the Company will notify the Shareholders in writing of the amount of their respective Development Contribution and the method of how such Development Contribution will be made.