Security for Fee Payments Sample Clauses

Security for Fee Payments. To secure performance of Skyranch’s obligations under Section 4.2(b)(ii), prior to the issuance of a Grading Permit and Take Authorization for each phase of the Covered Project, Skyranch shall deposit with Pittsburg, for the express benefit of Pittsburg and the Conservancy, an adequate and satisfactory security in the amount of 55% of the development fee allocated to such phase in 2019 Dollars. The security may be a transferable rated bond or bonds by one or more duly authorized corporate sureties or an irrevocable standby letter of credit, as determined by Skyranch, in a form approved in advance in writing by Pittsburg and the Conservancy, which approval shall not be unreasonably withheld or unduly delayed. Skyranch shall ensure that the full amount of the security required by this Section 4.2(c) shall remain in effect until Skyranch has fulfilled its obligations under Section 4.2(b)(ii). The Parties shall cooperate with Skyranch by promptly signing any necessary documentation requested should Skyranch seek to reduce and/or release the bond as the fees under Section 4.2(b)(ii) above are paid. However, any reduction in bond amounts shall account for adjustment of the remaining fees to be paid such that the remaining bond amount stays proportionate with the number of building permits not yet issued.
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Security for Fee Payments. To secure performance of ▇▇▇▇▇’▇ obligations under Section 4.3(b)(ii), prior to the issuance of a Grading Permit for each phase of the Covered Project, ▇▇▇▇▇ shall deposit with Pittsburg, for the express benefit of Pittsburg and the Conservancy, an adequate and satisfactory security in the amount of 50% of the development fee allocated to such phase in 2019 Dollars. The security may be a transferable rated bond or bonds by one or more duly authorized corporate sureties or an irrevocable standby letter of credit, as determined by ▇▇▇▇▇, in a form approved in advance in writing by Pittsburg and the Conservancy, which approval shall not be unreasonably withheld or unduly delayed. ▇▇▇▇▇ shall ensure that the full amount of the security required by this Section 4.3(c) for that phase shall remain in effect until ▇▇▇▇▇ has fulfilled its obligations in paying the fees due at Building Permit issuance for such phase under Section 4.3(b)(ii). The Parties shall cooperate with ▇▇▇▇▇ by promptly signing any necessary documentation requested should ▇▇▇▇▇ seek to reduce and/or release the bond as the fees under Section 4.3(b)(ii) above are paid. However, any reduction in bond amounts shall account for adjustment of the remaining fees to be paid such that the remaining bond amount stays proportionate with the number of building permits not yet issued.
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Related to Security for Fee Payments

  • Monthly Management Fee Payment On the first business day of each month, each class of each Fund shall pay the management fee to the Investment Manager for the previous month. The fee for the previous month shall be the sum of the Daily Management Fee Calculations for each calendar day in the previous month.

  • Fee Payment If the Fund is a Winning Fund in an Auction, the Fund shall pay to ReFlow the Auction Program Fee, which shall equal the Fund’s Fee Bid multiplied by the aggregate dollar amount of Shares purchased in the Auction.

  • Online Payments Payments made online are made with an free consent after agreeing to the terms and conditions, All payments received online will be by default processed on agreeing with terms and condition, any disputes made afterwards will be null and void. All disputes will be in the jurisdictions of Hyderabad. This agreement is made on this the day, month and year first above mentioned and the parties to this deed have put their signatures at their free will and consent and after going through all the terms and conditions before the following: Amount Paid: 69620 Due Payment: 0.00 Due Date: NA Signature of Client / Applicant Signature of Consultant

  • Total Servicing Fee; Payment of Certain Expenses by Servicer On each Distribution Date, the Servicer shall be entitled to receive out of the Collection Account the Base Servicing Fee and any Supplemental Servicing Fee for the related Collection Period (together, the “Servicing Fee”) pursuant to Section 5.7. The Servicer shall be required to pay all expenses incurred by it in connection with its activities under this Agreement (including taxes imposed on the Servicer, expenses incurred in connection with distributions and reports made by the Servicer to the Noteholders and all other fees and expenses of the Owner Trustee, the Trust Collateral Agent or the Trustee; provided, however, the Servicer shall not be required to pay taxes levied or assessed against the Trust or claims against the Trust in respect of indemnification unless such taxes and claims are expressly stated to be for the account of GM Financial). The Servicer shall be liable for the fees and expenses of the Owner Trustee, the Trust Collateral Agent, the Trustee, the Custodian and the Independent Accountants. Notwithstanding the foregoing, if the Servicer shall not be GM Financial, a successor to GM Financial as Servicer permitted by Section 9.3 shall not be liable for taxes levied or assessed against the Trust or claims against the Trust in respect of indemnification, or the fees and expenses referred to above.

  • Payment of Fees, Etc The Borrowers shall have paid all fees, costs, expenses and taxes then payable by the Borrowers pursuant to this Agreement and the other Loan Documents, including, without limitation, Section 2.06 and Section 12.04 hereof.