Common use of Developer Fees Clause in Contracts

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. Subject to the Project 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 Bcontained in Appendix D: (a) 25 percent of total development fees at closing; (b) 25 percent at construction completion (as approved by KHC);