Common use of Project Development Fee Clause in Contracts

Project Development Fee. The Authority shall pay the Project Development Fee to hubco. The due date for payment of the Project Development Fee shall be the date of the Authority’s receipt of the relevant invoice. Within five (5) days after the due date for payment the Authority's Representative shall issue a payment notice detailing the sum that the payer considers to be or to have been due at the payment due date and the basis on which that sum is calculated. The final date for payment shall be 5 days after the due date. 33 No later than each Application Date, hubco shall make an application ("Application for Payment") to the Authority’s Representative for an interim certificate of payment in respect of that Relevant Month. Each Application for Payment shall be in accordance with Clause 27.3 below and include such supporting information and documentation as is reasonably required by the Authority in order to prepare and issue an Interim Certificate (as defined in Clause 27.5). The payment due date for an interim Certificate (as defined in Clause 27.5) in respect of a Relevant Month shall be the Application Date (the "Due Date").

Project Development Fee. The Authority shall pay the Project Development Fee to hubco. The due date for payment of the Project Development Fee shall be the date of the Authority’s 's receipt of the relevant invoice. Within five (5) 5 days after the due date for payment the Authority's Representative shall issue a payment notice detailing the sum that the payer considers to be or to have been due at the payment due date and the basis on which that sum is calculated. The final date for payment shall be 5 days after the due date. 33 date.35 No later than each Application Date, hubco shall make an application ("Application for Payment") to the Authority’s Representative for an interim certificate of payment in respect of that Relevant Month. Each Application for Payment shall be in accordance with Clause 27.3 below and include such supporting information and documentation as is reasonably required by the Authority in order to prepare and issue an Interim Certificate (as defined in Clause 27.5). The payment due date for an interim Interim Certificate (as defined in Clause 27.5) in respect of a Relevant Month shall be the Application Date (the "Due Date").