Development Services Fee definition
Examples of Development Services Fee in a sentence
Such data conversion services are part of the Development Services, and Contractor acknowledges and agrees that the total cost of providing such services is included in the Development Services Fee.
In the event of a default described in Section 5.03, the Partnership, at the sole election of the Investment Corporation, shall withhold payment of any installment of the Development Services Fee.
Beginning in the sixth (6th) year after the Effective Date of this Agreement, development of any portion of the Property shall be subject to payment to the City of the applicable fees according to the then-current City Development Services Fee Schedule, City Code or City Regulations.
Notwithstanding anything herein to the contrary contained, TCA's obligation to pay the Development Services Fee to SIML hereunder shall be limited to the extent that TCA has funds available to make the payments provided for in Section 3 hereof, consistent with the limitations and prioritizations set forth in the Omnibus Termination Agreement dated March 18, 1999.
In consideration of the services to be provided hereunder, TCA shall pay to SIML a fee (the "Development Services Fee") equal to 3% of the total Development Costs of the Project less all Project Costs and Expenses.
In consideration of the services provided hereunder, TCA shall pay to SIML a fee (the "Development Services Fee") equal to $8,280,000, constituting 3% of the total development costs of the Project (which development costs shall include all so-called hard and soft costs with respect to the construction of the Project, except land acquisition costs) plus an additional $25,000 for any out-of-pocket costs and expenses it might incur.
While the ESPL Labour Costs shall begin to accrue as they are incurred in each fiscal quarter by ESPL, Sona shall commence payment of the Development Services Fee beginning Sona’s second fiscal quarter of 2009, whether or not an equivalent amount of ESPL Labour Costs have been accrued.
In the event of a default described in Section 5.03, the Partnership, at the sole election of the Investment Partnership, shall withhold payment of any installment of the Development Services Fee.
The Development Services Fee shall be deemed to have been earned (but shall not be paid except pursuant to Section 3.05) over the course of construction of the Project.
This Agreement and each of the other Transactional Agreements to which any of Acquired Companies is a party constitutes the legal, valid and binding obligation of the Acquired Companies, enforceable against the Acquired Companies in accordance with its terms, subject to the Enforceability Exceptions.