Developer Equity Sample Clauses

The Developer Equity clause defines the rights and obligations regarding the ownership or allocation of equity to a developer involved in a project or company. Typically, this clause outlines the percentage of equity granted, the vesting schedule, and any conditions that must be met for the developer to earn or retain their shares, such as continued employment or achievement of milestones. Its core practical function is to incentivize the developer's ongoing contribution and align their interests with the long-term success of the venture, while also protecting the company from losing equity to individuals who do not fulfill their commitments.
Developer Equity. Lender shall be satisfied that the Lessor shall have contributed on the relevant Borrowing Date an amount equal to the Developer Equity associated with such Project Loan Advance.
View SourceView Similar (2)
Developer Equity. 33 7.8 Acquisition of Property . . . . . . . . . . . . . . . 33 SECTION 8. CONDITIONS PRECEDENT TO SUBSEQUENT ADVANCES . . . . . . . . . . 33
View Source
Developer Equity. Equity from the Developer (the "Developer Equity") consisting of the following: ( 1 ) Approximately $34,371,000 (approximately $14, 261,000 of which shall be derived from 4% Low Income Housing Tax Credits plus approximately $20,110,000 of which shall be derived from 9% Low Income Housing Tax Credits), to be provided by the Tax Credit Equity Investor, derived from Low Income Housing Tax Credits, which shall include approximately $1,646,600 to be disbursed during the construction period and the balance to be disbursed following Completion;
View Source
Developer Equity. Equity from the Developer will be used to finance a portion of the Acquisition and Development Costs and will consist of the following: (1) A portion of the Developer Fee, in excess of $2,800,000, shall constitute Developer’s equity (“Developer Equity”), to be contributed to the Project, with the balance of the Developer Fee in the amount of $2,800,000 payable to Developer during construction of the Project, in accordance with the following schedule of disbursements: i. 25% upon Closing;
View Source
Developer Equity. Equity from the Developer will be used to finance a portion of the Acquisition and Development Costs and will consist of the following: A deferred portion of the Developer Fee, in the amount of $140,000 (the “Deferred Developer Fee”), constituting that portion of the Developer Fee to be paid to Developer first from Developer’s share of Cost Savings and Additional Proceeds as set forth in subsections (h) and (i) below, and from operating revenues, before calculating residual receipts, with the balance of the Developer Fee in the amount of $1,260,000 payable to Developer in accordance with the following schedule of disbursements: i. 30% upon Closing; ii. 30% upon 50% Completion of construction of Improvements;
View Source
Developer Equity. 33 7.8 Acquisition of Property...............................33 SECTION 8. CONDITIONS PRECEDENT TO SUBSEQUENT ADVANCES........................33
View Source
Developer Equity. The Developer will provide at least $5.0 million of total equity, including not less than $2.6 million of cash equity in the form of: Cash funded into the construction escrow at closing; and/or City-approved pre-paid costs to third party entities Cash equity ($2.6 million) shall not be reimbursed or reimbursable via the proceeds of the Senior or Subordinate Loans. In addition, the Developer may defer up to 100% of Developer Fee (described below), estimated at $2.4 million, and have this deferral counted toward the minimum overall $5.0 million equity requirement. If a lesser amount is deferred and additional capital contributions are made instead, these contributions shall not be counted toward the $2.6 million base cash equity requirement described above.
View Source

Related to Developer Equity

  • Performance Monitoring ‌ A. Performance Monitoring of Subrecipient by County, State of California and/or HUD shall consist of requested and/or required written reporting, as well as onsite monitoring by County, State of California or HUD representatives. B. County shall periodically evaluate Subrecipient’s progress in complying with the terms of this Contract. Subrecipient shall cooperate fully during such monitoring. County shall report the findings of each monitoring to Subrecipient. C. County shall monitor the performance of Subrecipient against the goals, outcomes, milestones and performance standards required herein. Substandard performance, as determined by County, will constitute non-compliance with this Contract for which County may immediately terminate the Contract. If action to correct such substandard performance is not taken by Subrecipient within the time period specified by County, payment(s) will be denied in accordance with the provisions contained in this Paragraph 47 of this Contract. D. HUD in accordance with 24 CFR Part 570 Subpart O, 570.902, will annually review the performance of County to determine whether County has carried out its Community Development Block Grant (CDBG) assisted activities in a timely manner and has significantly disbursed CDBG funds and met the mandated “1.5 ratio” threshold. Subrecipient is responsible to ensure timely drawdown of funds.

  • Performance Metrics The Influencer shall aim for a minimum engagement rate of [SPECIFY PERCENTAGE, e.g., 3%] on all posts associated with the Campaign. Engagement rate is calculated as the sum of likes, comments, shares, and other interactions divided by the total number of followers at the time of posting. The Influencer agrees to achieve a minimum reach of [SPECIFY NUMBER] unique viewers per post, or a cumulative reach of [SPECIFY NUMBER] across the Campaign. Impressions data will be provided through the Influencer’s analytics tools and verified by the Company when requested. For posts incorporating a call-to-action, such as links to the Company’s website or landing page, the Influencer will target a CTR of at least [SPECIFY PERCENTAGE, e.g., 2%]. CTR is measured as the ratio of clicks to impressions, based on data from tracking links provided by the Company. The Influencer may be expected to drive specific actions (e.g., sales, sign-ups, downloads) using unique tracking codes or referral links. Specific conversion targets will be detailed between the Parties. The Influencer shall submit performance reports on a [WEEKLY/BI-WEEKLY/MONTHLY] basis. These reports must include detailed metrics for each published post, such as: number of likes, comments, shares, and other engagement interactions; reach and impressions per post; click-through data and referral link activity; and conversion data (if applicable). Within [NUMBER] days following the end of the Campaign, the Influencer shall provide a comprehensive post-campaign report summarizing overall performance against all agreed KPIs, including supporting documentation (e.g., screenshots, analytics dashboard exports). The Influencer agrees to provide access to analytics platforms or third-party verification tools to authenticate the reported data, if requested by the Company. The Parties agree to conduct a review of the performance metrics within the first [NUMBER] days of the Campaign to ensure the targets remain realistic and reflective of current market conditions. Adjustments may be made in writing if necessary. If the Influencer consistently fails to meet the established KPIs without valid justification, the Parties shall meet in good faith to discuss potential remedies, which may include adjustments to the compensation structure or additional promotional support, as mutually agreed upon. The Company may specify certain analytics tools or platforms for measuring and reporting performance metrics. The Influencer shall utilize these specified tools where applicable to ensure consistency and transparency in data reporting. In instances where independent verification of performance data is required, the Influencer agrees to cooperate with third-party verification services designated by the Company to validate the metrics reported.

  • Performance Reporting The State of California is required to submit the following financial reports to FEMA:

  • Quarterly Contractor Performance Reporting Customers shall complete a Contractor Performance Survey (Exhibit I) for each Contractor on a Quarterly basis. Customers will electronically submit the completed Contractor Performance Survey(s) to the Department Contract Manager no later than the due date indicated in Contract Exhibit D, Section 17, Additional Special Contract Conditions. The completed Contractor Performance Survey(s) will be used by the Department as a performance-reporting tool to measure the performance of Contractors. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MyFloridaMarketPlace or on the Department's website).