Common use of Developer’s Minimum Load Fee Clause in Contracts

Developer’s Minimum Load Fee. The Developer’s Minimum Load Fee shall be paid on the below dates subject to the City using good faith diligent efforts to complete the work under the Agreement: • Upon the commencement of demolition at the Substation site (the “Commencement Date”) • $681,531 • 90 days after Commencement Date • $1,000,889 • 240 days after the Commencement Date • $1,358,000 • 395 days after the Commencement Date • $681,530 All payments made under this Section 5(a) shall be applied to Developer's Minimum Load Fee, but shall not be applied to the Additional Load Fee (which shall be invoiced separately).

Developer’s Minimum Load Fee. The Developer’s Minimum Load Fee shall be paid on the below dates subject to the City using good faith diligent efforts to complete the work under the Agreement: •  Payment Date Upon the commencement of  Payment Amount $681,531 demolition at the Substation site (the “Commencement Date”) • $681,531 •  90 days after Commencement Date •  $1,000,889 •  240 days after the Commencement Date •  $1,358,000 •  395 days after the Commencement Date •  $681,530 All payments made under this Section 5(a) shall be applied to Developer's Minimum Load Fee, but shall not be applied to the Additional Load Fee (which shall be invoiced separately).