Developer Fees Sample Clauses
The Developer Fees clause defines the compensation structure for the developer involved in a project. It typically outlines the amount, timing, and method of payment for the developer's services, and may specify whether fees are fixed, percentage-based, or contingent on certain milestones. This clause ensures transparency and agreement on financial terms, helping to prevent disputes over payment and clarifying the developer's entitlement throughout the project.
POPULAR SAMPLE Copied 1 times
Developer Fees. As full compensation for its undertaking and performance of the Developer Services, the Developer and/or its Affiliates shall be entitled to earn and receive developer fees with respect to each Phase of the Revitalization Plan. These developer fees shall be paid solely from syndication proceeds or other development financing sources. The City acknowledges such developer fee with respect to Rental Phase 1 is limited by the NCHFA to $1,000,000, and authorizes payment of such amount provided that the City bears no responsibility for such payment and the fee will not be paid from proceeds of the City Loans
Developer Fees. On or before issuance by the City of a building permit to Developer, Developer shall pay all development fees, administrative costs and provide a landscaping letter of credit in the amount of 150% of the value of the landscaping improvements. Upon completion of the landscaping improvements and approval by the City, the letter of credit shall be reduced to 50% of the initial value and retained for a one- year warranty period. Upon completion of the one-year warranty period the City will reinspect the landscaping improvements, at which time the letter of credit can be released upon final approval by the City.
Developer Fees pay any developer fees in respect of the RWB Properties, provided that the Facility B Borrowers may pay management fees in the normal course which have been approved by the Lender in its sole discretion;
Developer Fees. Notwithstanding the foregoing, upon the sale of any property purchased with the loan, the lender would receive a developer fee of 10% of sale price/amount of each property sold that was bought with the loan until the Credit Line has been repaid in full and all of Borrower’s other obligations to Lender hereunder have been fully paid and discharged.
Developer Fees. Developer shall receive “Developer Fees” from the Home Funds in an amount not to [insert dollar amount]. Payment of Developer Fees shall be disbursed as follows:
a. Ten percent (10%) of the Developer Fee shall be disbursed when construction of the Project is deemed twenty-five percent (25%) complete based on the approved construction contract draw schedule;
b. Ten percent (10%) of the Developer Fee shall be disbursed when construction of the Project is deemed fifty percent (50%) complete based on the approved construction contract draw schedule;
c. Forty percent (40%) of the Developer Fee shall be disbursed when construction of the Project is deemed seventy-five percent (75%) complete based on the approved construction contract draw schedule;
d. Thirty-five percent (35%) of the Developer Fee shall be disbursed when DEVELOPER receives a Certificate of Use and Occupancy from the Department of Codes and Building Safety; and
e. Five percent (5%) of the Developer Fee shall be disbursed upon MDHA’s receipt of the items listed in paragraph F. below.
Developer Fees. Subject to the Owner’s election to defer development fees, the following schedule shall apply to the payment of development fees as approved in the financial spreadsheet attached hereto as Exhibit B:
(a) 25 percent of total development fees at closing;
(b) 25 percent at construction completion (as approved by KHC);
Developer Fees. (a) The development fee set forth in the Approved Budget shall be disbursed (i) twenty-five percent (25%) on the Closing Date, and (ii) the balance funded monthly on a percentage of completion basis with each Disbursement Request, subject to the Borrower’s compliance with the requirements for Disbursements set forth herein.
(b) No other fees in connection with the development of the Project shall be paid to Borrower, Guarantor, Developer, or any Affiliate of Borrower or any of the foregoing entities, without the prior written consent of Lender except as expressly permitted under Section 6.12 of this Agreement.
Developer Fees. At the time of execution of this Agreement, the Developer shall pay the following fees related to the development of the Subdivision (See Attachment C for breakdown of costs):
a. Park Dedication The Park Dedication Fee for this site is calculated as follows: $86,200 x 10% = $8,620.
b. Trunk Sewer Unit Charges The City established trunk unit charges to uniformly distribute the costs of public trunk sanitary sewer infrastructure. Developer previously paid the SAC of $14,625 as part of the Building Permit fee.
Developer Fees. The total compensation to be earned for development services afforded to the Owner Entity will be as set forth in a separate development agreement, which shall provide, among other things, that: (i) GHMC and the CO-DEVELOPER will share the total developer fee, currently projected to be $1,080,000, in accordance with the terms and conditions of the amended and restated operating agreement adopted upon admission of the Investor Member;
Developer Fees. In consideration of the Services to be provided by Developer pursuant to this Agreement, Owner shall pay to Developer the Developer Fee and, if earned, the Developer Incentive Fee at the times provided in this Section 3.