Monetary Contributions Sample Clauses
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Monetary Contributions. 11.1 A monetary contribution is made for the purposes of this Agreement when cleared funds are deposited by means of electronic funds transfer into a bank account nominated by the Council.
11.2 The Developer is to give the Council not less than 2 business days written notice of:
11.2.1 its intention to pay a monetary contribution,
11.2.2 the Public Facility to which the monetary contribution relates, and
11.2.3 the amount proposed to be paid.
11.3 The Developer is not required to pay a monetary contribution under this Agreement unless the Council, after having received the Developer’s notice under clause 11.2, has given to the Developer a tax invoice for the amount of the contribution that the Developer intends to pay and nominating the bank account into which the funds are to be deposited.
11.4 The Developer is not in breach of this Agreement if it fails to pay a monetary contribution at the time required by this Agreement by reason only of the Council’s failure to give to the Developer a tax invoice in relation to the amount proposed to be paid by the Developer.
Monetary Contributions. (a) In respect of any part of the Development on Development Lots 104, 105, 203, 204, 205 and 206, and subject to clause 4.2, the Developer is to pay to the Council monetary Contributions in an amount equivalent to, and in the same manner as, any contributions that could have been required to be paid under s94 or s94A of the EP&A Act in respect of that part of the Development but for the operation of this Deed.
(b) Except as provided in clause 3.3(c) and clause 4.2, any benefits provided by the Developer in accordance with this Deed are not to be taken into consideration in determining a development contribution under s94 or s94A of the EP&A Act.
(c) The amount of S94 or S94A Equivalent Contributions that is required to be paid under this Deed is to be reduced in accordance with clause 4.2.
(d) Any monetary Contributions payable under this clause 3.3 in respect of a Development Lot must be paid by the Developer to Council (by bank cheque) prior to the issue of a Construction Certificate for work on that Development Lot in Stage 2. Draft
(e) In this Deed, a reference to the ‘Developer’ in respect of a right or obligation in relation to a S94 or S94A Equivalent Contribution is a reference to the owner from time to time of the Development Lot to which that right or obligation applies.
Monetary Contributions. All monetary contributions will be made by the Entrepreneur.
Monetary Contributions. As per the Environmental Planning and Assessment (Levies – City of Sydney) Direction dated 24 November 2021, the City of Sydney must not impose as a condition of development consent a levy under section 7.12 of the Environmental Planning and Assessment Act 1979 (EP&A Act) that exceeds 3.0% (for development with a cost of works greater than $1 million) if the development application is made on or after 1 July 2022. The proposed offer commits to the payment of a monetary contribution towards the cost of local infrastructure equivalent to 3.0% of the cost of the proposed over station development per site which will be the subject of future State Significant Development Applications (SSDAs), calculated in accordance with the Central Sydney Development Contributions Plan 2020 (the Contribution Plan). The payment of this contribution per site is proposed to be on or before the date of issue of the first Construction Certificate relating to the new development on that site (excluding demolition, excavation and early works). No further contributions pursuant to section 7.11 or section 7.12 of the EP&A Act or under the City of Sydney Act 1988 will be payable.
Monetary Contributions. HBB will provide a security bond or bank guarantee equal to the full amount of monetary contributions.
Monetary Contributions. The Developer must make the Monetary Contributions to Council in accordance with Item C in Table 1 of Schedule 4.
Monetary Contributions.
(1) The Developer must pay the Monetary Contributions in accordance with Schedule 5.
(2) A Monetary Contribution is made for the purposes of this document when Council receives the full amount of the Monetary Contribution payable under this document in cash or by unendorsed bank cheque or by the deposit by means of electronic funds transfer of cleared funds into a bank account nominated by Council.
Monetary Contributions. On or before February 1st, 2025, Greeley and WSSC will contribute the following dollar amounts to Fort ▇▇▇▇▇▇▇ for the purposes of Paragraph 3.2: Greeley, $9,062.50; and WSSC, $10,000. Fort ▇▇▇▇▇▇▇ will contribute $9,062.50 for purposes of Paragraph 3.2.
Monetary Contributions. The Developer will make a total monetary contribution of up to $8,000,000 to Council calculated by reference to the Gross Floor Area of each building in the Development above the threshold of 72,000 m2 of Gross Floor Area in the Development.
Monetary Contributions a) The Developer must pay the Monetary Contributions by the times specified in Schedule