Common use of Disbursement Requests from the Developer Funds Account Clause in Contracts

Disbursement Requests from the Developer Funds Account. The Developer shall be entitled to make a written request for payment from the Developer Funds Account (each, also a “Disbursement Request”) to the Town. At the sole discretion of the Town Manager, the Disbursement Request may be based on the Lease Verification methodology (defined below) or the Construction Progression methodology (defined below).

Appears in 2 contracts

Sources: Escrow Agreement, Development and Reimbursement Agreement

Disbursement Requests from the Developer Funds Account. The Developer shall be entitled to make a written request for payment from the Developer Funds Account (each, also a “Disbursement Request”) to the Town. At the sole discretion of the Town Manager, the Disbursement Request may be based on the Lease Verification methodology (defined below) or the Construction Progression methodology (defined below).

Appears in 1 contract

Sources: Escrow Agreement