Common use of Monetary Contribution Clause in Contracts

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. (a) The Developer will pay to Council the a monetary Contribution specified in the Contributions Table, being contribution of $225,000.00 increased but not decreased 1,279,980.00 or an amount calculated in accordance with the following formula, whichever is the greater: Monetary Contribution payable The CPI at the time of payment = $225,000.00 1,279,980.00 x The CPI at the date of this agreement (b) The Subject to clause 6.1(c), the Monetary Contribution must be paid to Council in accordance with the timeframes specified in the Contributions Table, beinginstalments as follows: (i) 75% of the Monetary Contribution prior to the issue of any a Construction Certificate issued with respect to for the LandDevelopment; and (ii) 25% of the Monetary Contribution prior to the issue of an Occupation Certificate for the Development, or prior to the registration of a any Strata Plan (the earlier of the two)Plan, whichever is earlier.