Monthly Fixed Amount. During Annual Review, City and Developer shall mutually agree to and determine a monthly fixed amount that the Developer shall deposit with the City by the first (1st) day of each month to cover one-twelfth of the Developer’s Total Funding Obligation for that given year (the “Monthly Fixed Amount”). Such Monthly Fixed Amount is subject to modification between Annual Reviews upon mutual written agreement of the parties.
Appears in 2 contracts
Sources: MPD Funding Agreement, MPD Funding Agreement