Common use of Developer’s Project Fee Clause in Contracts

Developer’s Project Fee. (i) Developer agrees and acknowledges that it shall pay to the City the sum of the Developer’s Minimum Load Fee and, to the extent applicable, the Developer’s Additional Load Fee (the “Developer’s Project Fee”). (ii) The City agrees that Developer will not be required to make payments in excess of the Developer’s Project Fee in order for the City to complete the construction of the Substation, the Subtransmission Facilities and the Distribution Facilities; provided, that Developer shall still be required to pay any customary fees necessary to develop and energize the Property, including permits and application fees. (iii) Developer acknowledges that the Developer’s Project Fee does not include any on-site charges including but not limited to infrastructure, switches, switch pads, transformers, transformer vaults, metering, engineering, inspections, and on-site cable and equipment for any actual work on the Property and that such fees and costs shall require Developer paying additional amounts to the City for such items.

Developer’s Project Fee. (i) Developer ▇▇▇▇▇▇▇▇▇ agrees and acknowledges that it shall pay to the City the sum of the Developer’s Minimum Load Fee and, to the extent applicable, the Developer’s Additional Load Fee (the “Developer’s Project Fee”). (ii) The City agrees that Developer will not be required to make payments in excess of the Developer’s Project Fee in order for the City to complete the construction of the Substation, the Subtransmission Facilities and the Distribution Facilities; provided, that Developer shall still be required to pay any customary fees necessary to develop and energize the Property, including permits and application fees. (iii) Developer acknowledges that the Developer’s Project Fee does not include any on-site charges including but not limited to infrastructure, switches, switch pads, transformers, transformer vaults, metering, engineering, inspections, and on-site cable and equipment for any actual work on the Property and that such fees and costs shall require Developer paying additional amounts to the City for such items.