Deferral of Fees Sample Clauses

Deferral of Fees. Pursuant to PAMC Section 16.64.030, payment of the development impact fees and/or in-lieu fees described in Exhibit B shall be deferred until the date the development is approved for occupancy. If the development contains more than one dwelling, the fee shall be paid on a pro rata basis for each dwelling when it is approved for occupancy. All fees must be paid before final occupancy approval may be granted. Fees shall be payable at the rates in effect on the date the fees are paid, except: (1) an applicant for a vesting tentative map for a development project shall pay the fees at the rate in effect on the date the application for the vesting tentative map is deemed complete, and (2) an applicant that defers fees for a designated residential redevelopment project, as defined in California Government Code Section 66007, may elect to pay the fees at the rate in effect at the time of building permit issuance.

Deferral of Fees. On receipt of a written election by a Director, ▇▇▇▇▇▇▇▇ Federal Savings and Loan Association will establish an accounting record of the fees deferred by such Director. The deferred fees will be recorded as a current operating expense for accounting purposes but will not be deducted by ▇▇▇▇▇▇▇▇ Federal Savings and Loan Association on its income tax returns until the year of actual payment. An unfunded liability for deferred but unpaid fees and accumulated interest will be recorded on the books and records of ▇▇▇▇▇▇▇▇ Federal Savings and Loan Association. Nothing contained herein shall be deemed to create a trust of any kind. No participant shall have any right to receive any current or accumulated deferred compensation or interest for any year until such time as described in Section 6. To the extent that any person, including the participant, acquired a right to receive payments from ▇▇▇▇▇▇▇▇ Federal Savings and Loan Association under the Agreement such right shall be no greater than the right of any unsecured general creditor of ▇▇▇▇▇▇▇▇ Federal Savings and Loan Association. Furthermore, such right may not be pledged, transferred or assigned in whole or in part.

Deferral of Fees. Subject to the terms and conditions of the Agreement, the Bank, the Company and the Director agree to defer payment of fees of which the Director would otherwise be entitled to be paid ("Deferred Fees"), for a period of up to five years from the date thereof.

Deferral of Fees. The Director has elected to defer receipt of Director's fees to be earned during the Deferral Period. Once the Director has executed the Election to Participate Form, a subsequent increase in the Director's fees payable due to an increase in the fee structure shall also be deferred under the provisions of this Agreement, unless the Director directs the Secretary in writing within 10 days after notification of the increase and prior to the right to receive the additional fees that such additional fees are not to be deferred. If Director fees are increased or decreased during the Deferral Period, the Compensation payable under Article 3 and Article 4 shall be actuarially determined and evidenced by the Addendum to this Agreement.

Deferral of Fees. (i) Notwithstanding the provisions of Sections 7(b) and 7(h) with respect to the Asset Management Fee, Multifamily Property Management and Leasing Fee, the Retail Management Fee, the Retail Leasing Fee and the General and Administrative Expenses Fee (the "Deferrable Fees"), the Manager, on behalf of itself and its affiliates, and its and their respective successors and assigns, hereby agrees that it may defer all or a portion of the Deferrable Fees with respect to all or any portion of the Company's assets, as determined by the Investment Committee of the Manager. The Manager agrees to promptly deliver to the Company written notice of any deferral of the Deferrable Fees. (ii) Upon a Capital Transaction (as defined in the Partnership Agreement) with respect to any asset of the Company, all deferred fees with respect to such asset shall become due and payable to the extent the Net Sale Proceeds (as defined in the Partnership Agreement) for such Capital Transaction exceed the Allocable Capital Contributions (as defined in the Partnership Agreement) for such asset plus a cumulative, non-compounded rate of return equal to seven percent (7%) per annum on such Allocable Capital Contributions. (iii) The Manager acknowledges and agrees that no interest shall accrue on the deferred amounts. To the extent payment of any deferred amount is due to the Manager hereunder, the Company or PACOP shall pay the Manager no later than the last business day of the month in which the amount of such payment is determined, or the first business day of the following month.

Deferral of Fees. A Director may elect to defer all or a specified percentage of his or her Fees earned for any Deferral Period by filing a Participation Agreement with the Administrator by the applicable Election Filing Date. Such Deferral Commitment shall be effective as of the applicable Election Filing Date and shall continue to be effective from Deferral Period to Deferral Period until terminated or modified by filing a new Participation Agreement with the Administrator, provided that such new Participation Agreement must be filed by the applicable Election Filing Date for the Deferral Period for which it is to be effective.

Deferral of Fees. (i) Notwithstanding the provisions of Sections 7(b) and 7(h) with respect to the Asset Management Fee, Property Management and Leasing Fee and the General and Administrative Expenses Fee (the "Deferrable Fees"), the Advisor, on behalf of itself and its affiliates, and its and their respective successors and assigns, hereby agrees that it may defer all or a portion of the Deferrable Fees with respect to all or any portion of the Company's assets, as determined by the Investment Committee of the Advisor. The Advisor agrees to promptly deliver to the Company written notice of any deferral of the Deferrable Fees.

Deferral of Fees. Notwithstanding the provisions of Sections 7(c)(A)-(F) with respect to the Market Rate Fees (the "Deferrable Fees"), the Manager, on behalf of itself and its Affiliates, and its and their respective successors and assigns, hereby agrees that it may defer all or a portion of the Deferrable Fees with respect to all or any portion of the Real Estate Assets, as determined by the Manager (any fees so deferred, "Deferred Fees") but only with the mutual written agreement and consent of CDS. Upon a Capital Event Transaction with respect to any Real Estate Asset or upon Termination without Cause, all such Deferred Fees shall immediately become due and payable.

Deferral of Fees. Notwithstanding the terms of the Existing MidCap Revolving Line Agreement or the Existing Midcap Term Loan Agreement, the Deferred Termination Fee owing to Bank upon the termination of such agreements shall be immediately due and payable by Borrower to Bank upon the occurrence of an Early Termination Event. Borrower shall pay the Deferred Termination Fee to Bank in connection with the payoff of the Existing Midcap Loans, and Bank shall, within five (5) Business Days thereafter, return the Deferred Termination Fee to Borrower provided that no Early Termination Event has occurred.