Monetary Contribution Sample Clauses

The Monetary Contribution clause defines the obligation of one or more parties to provide a specified amount of money towards a particular purpose or project under the agreement. Typically, it outlines the amount to be contributed, the schedule or deadlines for payment, and any conditions or methods for making the contribution, such as bank transfers or installments. This clause ensures that financial responsibilities are clearly allocated and helps prevent disputes by specifying when and how payments must be made.
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Monetary Contribution. (a) If Development Consent is granted for Development that includes use of the Land or any part of the Land for residential purposes, the Developer Parties will pay to Council a monetary contribution of $5,010,600.00 or an amount calculated in accordance with the following formula, whichever is the greater: The CPI at the time of payment $5,010,600.00 x The CPI at the date of this agreement (b) Subject to clause 6.1(c), the Monetary Contribution must be paid to Council in instalments as follows: (i) 75% of the Monetary Contribution prior to the issue of a Construction Certificate for the Development; and (ii) 25% of the Monetary Contribution prior to the issue of an Occupation Certificate for the Development, or prior to the registration of any Strata Plan, whichever is earlier. (c) The Developer Parties are not required to pay the instalment of the Monetary Contribution specified in clause 6.1(b)(i) if the Developer Parties provide to the Council a Bank Guarantee in accordance with clause 11.2 as security for that payment, in which case the Developer Parties must pay the full amount of the Monetary Contribution prior to the issue of an Occupation Certificate for the Development. (d) The Monetary Contribution must be paid by way of bank cheque in favour of Council or by deposit by means of electronic funds transfer into an account specified by Council. (e) The Monetary Contribution will be taken to have been made when the Council notifies the Developer Parties in writing that the bank cheque has been received and cleared funds or electronic funds have been deposited in the Council’s bank account. (f) The parties agree and acknowledge that the Monetary Contribution will be used by the Council towards community infrastructure within the Paramatta Central Business District. 7 Application of s 7.11, s 7.12 and s 7.24 of the Act (a) This agreement does not exclude the application of section 7.11 of the Act to the Development. (b) This agreement does not exclude the application of section 7.12 of the Act to the Development. (c) This agreement does not exclude the application of section 7.24 of the Act to the Development.
Monetary Contribution. (a) The Developers will pay to Council a monetary contribution of $955,000.00 indexed in accordance with increases in the CPI from the date of this agreement to the date of payment. (b) The Monetary Contribution must be paid to Council prior to the issue of an Occupation Certificate for the Development.
Monetary Contribution. The Developer will pay to Council a monetary contribution of $insert amount of monetary contribution or an amount calculated in accordance with the following formula, whichever is the greater: $insert amount of monetary contribution x The CPI at the time of payment The CPI at the date of this agreement Subject to clause 6.1(c), the Monetary Contribution must be paid to Council in instalments as follows: 75% of the Monetary Contribution prior to the issue of a Construction Certificate for the Development; and 25% of the Monetary Contribution prior to the issue of an Occupation Certificate for the Development, or prior to the registration of any Strata Plan, whichever is earlier. The Developer is not required to pay the instalment of the Monetary Contribution specified in clause 6.1(b)(i) if the Developer provides to the Council a Bank Guarantee in accordance with clause 11.2 as security for that payment, in which case the Developer must pay the full amount of the Monetary Contribution prior to the issue of an Occupation Certificate for the Development. The Monetary Contribution must be paid by way of bank cheque in favour of Council or by deposit by means of electronic funds transfer into an account specified by Council. The Monetary Contribution will be taken to have been made when the Council notifies the Developer in writing that the bank cheque has been received and cleared funds or electronic funds have been deposited in the Council’s bank account. The parties agree and acknowledge that the Monetary Contribution will be used by the Council towards insert public purpose of monetary contribution.
Monetary Contribution. Section 14.4 of Appendix X2, as previously amended, is replaced in its entirety to read as follows: DRAFT The percent of net win accrued shall be paid annually within one year of the close of the Tribe’s fiscal year.
Monetary Contribution. (a) The Developer will pay to Council the monetary Contribution specified in the Contributions Table, being $225,000.00 increased but not decreased in accordance with the following formula: Monetary Contribution payable The CPI at the time of payment = $225,000.00 x The CPI at the date of this agreement (b) The Contribution must be paid in accordance with the timeframes specified in the Contributions Table, being: (i) 75% prior to the issue of any Construction Certificate issued with respect to the Land; and (ii) 25% prior to the issue of an Occupation Certificate or registration of a Strata Plan (the earlier of the two).
Monetary Contribution. Central Sydney Infrastructur e $1003 per square metre of strategic gross floor area (as indexed in accordance with Annexure B) On or before the issuing of the first Construction Certificate for the Development see clause 2, Annexure B. 3(a) Environment al Excellence Initiatives – Commercial/ Office Component NIL • After the Occupation Certificate is issued in accordance with the ▇▇▇▇▇▇ rating assessment process 5 star ▇▇▇▇▇▇ Energy for the base building 4 star ▇▇▇▇▇▇ Water 3 (b). Environment al Excellence Initiatives – Hotel Component NIL • After the Occupation Certificate is issued in accordance with the ▇▇▇▇▇▇ rating assessment process 4.5 star ▇▇▇▇▇▇ Energy for the whole component
Monetary Contribution. Monetary Contribution Various An amount determined by deducting the Contribution Value for all Contribution Items (other than Items 30, 32(a), 32(b) and 33) from the amount that would otherwise be payable by GDC 1, GDC 2 and Landcom in respect of the Development, under the CP Payment of $3,311326 per lot prior to the issue of the Subdivision Certificate for the 6,501st Final Lot to the 7000th Final Lot $1,655,355663, 000 GDC 2
Monetary Contribution. ‌ (a) The Developer will pay to Council a monetary contribution of $insert amount of monetary contribution or an amount calculated in accordance with the following formula, whichever is the greater: $insert amount of monetary contribution x The CPI at the time of payment The CPI at the date of this agreement (b) The Monetary Contribution must be paid to Council prior to the issue of the first [Construction Certificate / Occupation Certificate / Subdivision Works Certificate / Subdivision Certificate] for the Development, or if no such certificate is required, prior to the commencement of any work comprising the Development. (c) The Monetary Contribution must be paid by way of bank cheque in favour of Council or by deposit by means of electronic funds transfer into an account specified by Council. (d) The Monetary Contribution will be taken to have been made when the Council notifies the Developer in writing that the bank cheque has been received and cleared funds or electronic funds have been deposited in the Council’s bank account. (e) The parties agree and acknowledge that the Monetary Contribution will be used by the Council towards [insert public purpose of monetary contribution[.
Monetary Contribution. Central Sydney Infrastructure to contribute to construction of infrastructure in the City North Public Domain Plan December 2015 3. NOT USED‌
Monetary Contribution. Monetary Contribution Basin 1 Maintenance of reserve Ongoing maintenance (30 years) of drainage reserve To be paid prior to the issuance of the first Subdivision Certificate that will create a Final Lot in Stage 1A $94,421.29 At 6 June 2022 N/A Monetary Contribution Basin 1 Drainage Capitalisation and first renewal of the Stormwater Management Works (30 years), To be paid prior to the issuance of the first Subdivision Certificate that will create a Final Lot in Stage 1A $246,188.63 At 6 June 2022 N/A Monetary Contribution Basin 2 Maintenance of reserve Ongoing maintenance (30 years) of drainage reserve To be paid prior to the issuance of the first Subdivision Certificate that will create a Final Lot in Stage 1A $70,052.25 At 6 June 2022 N/A Contribution Public Purpose Manner & Extent Timing Contribution Credit / Value of Works Monetary Contribution Basin 2 Drainage Capitalisation and first renewal of the Stormwater Management Works (30 years), To be paid prior to the issuance of the first Subdivision Certificate that will create a Final Lot in Stage 1A $238,335.67 At 6 June 2022 N/A Monetary Contribution Basin 3 (Stage 1C & 1D Maintenance of reserve Ongoing maintenance (30 years) of drainage reserve To be paid prior to the issuance of the first Subdivision Certificate that will create a Final Lot in Stage 1C $70,052.25 At 6 June 2022 N/A Monetary Contribution Basin 3 (Stage 1C & 1D Drainage Capitalisation and first renewal of the Stormwater Management Works (30 years), To be paid prior to the issuance of the first Subdivision Certificate that will create a Final Lot in Stage 1C $220,431.93 At 6 June 2022 N/A Maintenance of the drainage reserve and Basin 1 LOT 1 11,660 m2 Ongoing regular maintenance works Mowing, weeding, replacement of dead or damaged flora and the removal of litter and other foreign debris Minimum Service level Four (4) years from the issuance of the first Subdivision Certificate that will create a Final Lot in Stage 1A $0.00 Developer works $41,028 Reserve – 17 visits per annum Basin – 12 visits per annum Maintenance of the drainage reserve and Basin 2 PT LOT 1 5,177m2 Ongoing regular maintenance works Mowing, weeding, replacement of dead or damaged flora and the removal of litter and other foreign debris Minimum Service level Four (4) years from the issuance of the first Subdivision Certificate that will create a Final Lot in Stage 1A $0.00 Developer works $39,954.52 Reserve – 17 visits per annum Basin – 12 visits per annum Maintenance ...