Common use of Total Development Grants Clause in Contracts

Total Development Grants. Subject to any reductions in Section C.3 of this Agreement, the Village shall pay to Developer a combined total of $1.5 million in development incentive grants under Sections B.1. through B.3. Once Developer has received a total of $1.5 million in incentive grants, Developer shall not be entitled to additional payments related to this Project.

Appears in 2 contracts

Sources: Development Agreement, Development Agreement