Payments to Developer. 19.3.5.1 Within thirty (30) days after approval of the Application for Payment, Developer shall be paid a sum equal to ninety-five percent (95%), of the value of the Tenant Improvement Payment (as verified by Architect and Inspector and certified by Developer) up to the last day of the previous month, less the aggregate of previous payments and amount to be withheld. The value of the Work completed shall be Developer’s best estimate. No inaccuracy or error in said estimate shall operate to release Developer, or any Surety upon any bond, from damages arising from such Work, or from the District's right to enforce each and every provision of the Contract Documents, and the District shall have the right subsequently to correct any error made in any estimate for payment.
Payments to Developer. 14.1 Consideration for D&C Work
Payments to Developer. 23.1 Each time a Recoupment Contribution is paid to the Council, the Council is to deposit an amount equal to the amount of that contribution, plus any interest earned by Council on that contribution into the Council’s trust fund referred to in s411 of the Local Government Act 1993 in an account styled GDC Recoupment Contributions – Googong Development (Recoupment Trust Fund).
Payments to Developer. The District agrees to make payments to the Developer for repayment of the Developer Advances described in the Bright Agreement in accordance with the terms and conditions of this Agreement (the "Developer Payments").
Payments to Developer. 56 11.1 Timing and Basis for Availability Payments 56 11.2 Availability Payment Calculation and Invoicing 56 11.2.1 Calculation of Availability Payment 56 11.2.2 Invoicing 56 11.3 Disputed Amounts 57 11.4 Interest on Payments 58 11.5 Appropriations of Payments 58 11.6 Tolling 58
Payments to Developer. 3.1 In full consideration of the full and complete performance of the Work and all other obligations of the Developer hereunder, CRA shall pay to the Developer the Contract Sum for the Work, subject to additions and deductions as provided in this Agreement including deductions for any Liquidated Damages.
Payments to Developer. Payments to Developer, except as provided herein, will be in compliance with Article 6 of the DBIA 535. Payments made to Developer of the Contract Price shall be made as follows:
Payments to Developer. The City shall pay a sum not to exceed $100,000.00, or 100% of the Eligible Project Costs, whichever is less, that sum to be known as known as the Total City Contribution. The initial sum of $25,000 shall be in the form of a grant, and Developer shall have no obligation to repay the first $25,000 of payments the City makes toward invoices for eligible Project Improvements, except in accord with the provisions of Section 4.02. The balance of the Total City Contribution shall be made in the form of a loan in the amount not to exceed $75,000 with a term of 60 months and an annual percentage rate of 3.5%, for which Developer shall execute the Note attached to this Agreement as Exhibit C at the occasion upon which the City’s payments to Developer under this Agreement exceeds $25,000. Eligible Project Costs shall include any increased costs in any of the Eligible Project Improvements, provided that in no event shall the City be liable for more than $100,000.00 total cumulative costs. Developer’s obligation to begin making payments shall be triggered by final payment obligated by the City or the date of issuance of the certificate of occupancy, whichever is later (“Payment Trigger Event”), and the Developer’s payments shall be due beginning on the first day of the month following the Payment Trigger Event and shall continue on the first day of each month thereafter in 60 equal monthly payments necessary to pay the loan portion of the Total City Contributions together with the annual percentage rate of 3.5% in total on or before the end of the 60 month period. Developer shall have the right to prepay the unpaid balance owing to the City in advance, in whole or in part, in Developer’s sole discretion and without penalty. In the event Developer fails to make any monthly payment within five (5) days of its due date (the first of the month), and said failure to make the payment continues for a period of thirty
Payments to Developer. Owner shall promptly pay, or make sufficient funds available to Developer to pay, the fees and reimbursements provided for herein, and all Project costs and expenses whether or not set forth in the applicable Budget (which shall include, without limitation, all fees and expenses of the Project’s construction managers, contractors, architects, attorneys and other consultants);
Payments to Developer. 27 4.5 Covenants............................................................27 (a) Payment of Note.............................................27 (b) Reports.....................................................28 (c)
