Fee Credits. The Dreyfus-affiliated funds for which the Transfer Agent acts as transfer agent, as a group, shall be entitled to the following fee credits: Re-Engineering Credits: $1,050,000/year General Credit: $86,000/year One-twelfth of the annual credit amount shall be applied to each monthly invoice (beginning with the invoice covering October 2005), and shall be allocated to each Fund pro rata based on number of accounts as of the end of the monthly billing period. SERVICES Subject to the terms and conditions set forth in the Agreement, the Transfer Agent shall perform the following services:
Fee Credits. Park Impact Fees
Fee Credits. The Town shall have the authority to review and comment on all County stormwater fee credit applications requested upon parcels within the Town limits.
Fee Credits. The Project shall be entitled to a credit against its Development Impact Fee obligations for the dedication of land and the construction of improvements or the payment of fees
Fee Credits. For the planning, design, right-of-way acquisition and construction of infrastructure that qualify for credit pursuant to Chapter 4.45.110 of the City’s Municipal Code, the City shall grant to Landowner a credit for such costs applied against Landowner’s respective fee obligations for the Project in accordance with the process outlined in Exhibit D. Fee credits shall be granted in accordance with the procedures set forth in Section 4.45.110(B) of the City’s Municipal Code, or any successor provision thereof.
Fee Credits. Developer shall receive credit against the payment of Impact Fees in accordance with the provisions of Municipal Code Chapter 18.290 and this Section 5.4. Available Impact Fee credits shall survive the expiration or earlier termination of this Agreement but shall not be transferable to any other property or development project.
Fee Credits. Subject to the terms of this Agreement, the City shall provide TASP Fee Credits to the Developer for the Improvement Costs (defined in Section 1.2 below) for acquisition and installation of the Improvements described in Exhibit A.
Fee Credits. The aggregate fees set forth in Sections 1, 2 and 3 above shall be reduced prospectively by crediting the Funds with such credits as the Funds have customarily received from custodians, plus an amount equal to 50% of the net pre- tax profits attributable to PFTC's custodian activities (before such extraordinary items as are not properly chargeable as an expense to purchasers of custodian services) to the extent such profits would increase PFTC's pre-tax profit margin attributable to such activities above 30% and by crediting the Funds an amount equal to 70% of such profits to the extent such profits would increase such margin above 40%. The customary credits referred to above shall be credited to the Funds quarterly, as part of the normal billing process. With respect to the credits, if any, attributable to PFTC's pre-tax profits, on or before the calendar quarter ending March 31 of each transition year. The Custodian shall apply the appropriate credit for the preceding calendar year against the custody fees billed to the Funds for such quarter and it shall apply the unapplied balance, if any, of such credit to the custody fees billed to the Fund in each successive quarter until such credit shall have been fully applied. The Custodian's calendar year-end financial statements (and the profit margin reflected therein) shall be reviewed by the independent public accountants of the Funds, and an appropriate adjustment to the credit, if any, due the Fund in respect of such year will be made following the end of the next succeeding quarter after which the amount of such adjustment is determined. The fee credits provided for above shall be allocated among the Funds on the basis of each Fund's pro rata share of the aggregate custody fees billed by the Custodian (before any fee reduction) or on such other basis as the Trustees of the Funds may from time to time determine.
Fee Credits. Each of the 1,863.92 ESDs and the Excess Fee Credits, which have an aggregate value of $20,919,994.00 which are a component of the Contributed Assets, and which are being transferred as hereinabove set forth (collectively, the “Fee Credits”) are owned by the Contributing Parties, free of claims or liens of any person, and the Fee Credits, except for the PIFs, are each fully paid for, are currently fully entitled, without the need for any additional payment, charge, fee or cost of any type or nature, and without the need for any further action by any person (including, without limitation, any governmental authority or water or sewer district), to be exchanged, for credit in lieu of paying cash to the various permitting authorities in connection with the T-9 Project, are in full force and effect and in good standing, and fully vested and not subject to divestiture. In order to receive the Park Credits, parks yet to be developed must be developed according to approved agreements with the City Parks Department.
Fee Credits. As part of the overall master planned development activities that have been carried out by Seller with respect to the Overall Project, certain building permit fee credits were created for Seller’s account (collectively, “Fee Credits”) by the governing agency that will issue building permits for the Property. Buyer has agreed to purchase the Fee Credits in an amount ultimately approved by the City for transfer and assignment to Buyer, which is estimated to be Eight Thousand Eight Hundred and Sixty-Five Dollars ($8,865) per residential unit, which amount shall not in any event exceed the City’s (or applicable agency’s) calculation of the amount that may be assigned to Buyer (“Fee Credits Price”). Following the Closing, at such time as Buyer pulls building permits for the units, Buyer will provide written notice thereof to Seller, in which event Seller shall execute all necessary documents and assignments to assign the Fee Credits for the number of units for which Buyer has requested building permits no later than five (5) calendar days after Buyer’s notice, and Buyer will pay the Fee Credits Price based on the number of building permits and the Fee Credits being assigned to Buyer in accordance with the City’s calculation thereof, upon receipt of such assignment.
