{"component": "clause", "props": {"groups": [{"samples": [{"hash": "59r6B7ryPIa", "uri": "/contracts/59r6B7ryPIa#development-and-construction", "label": "Advisory Agreement (Sterling Real Estate Trust)", "score": 27.2546195984, "published": true}, {"hash": "fwq0nN6V9hA", "uri": "/contracts/fwq0nN6V9hA#development-and-construction", "label": "Advisory Agreement (Sterling Real Estate Trust)", "score": 26.4825458527, "published": true}], "snippet": "The Advisor shall receive a fee for development and construction services requested by the Company. The development fee shall be calculated in accordance with the following schedule, unless otherwise agreed by the parties: 0 - 10M 5.0% 0 - .5 M 0M + 5.0% x (TC - 0M) 10M - 20M 4.5% .5 M - .95M .50M + 4.5% x (TC - 10M) 20M - 30M 4.0% .95M - 1.35M .95M + 4.0% x (TC - 20M) 30M - 40M 3.5% 1.35M - 1.70M 1.35M + 3.5% x (TC - 30M) 40M - 50M 3.0% 1.70M - 2.00M 1.70M + 3.0% x (TC - 40M) Total Project Cost shall be defined as the total of all hard and soft costs (excluding the cost of the subject land) on the Company authorized development project. The development fee shall be calculated and paid when Advisor delivers a certificate of occupancy for the structure which is the subject of the authorized development project. If an authorized development project involves multiple structures to be completed over a period of time, the development fee shall be calculated and paid in increments upon delivery of each individual structure\u2019s certificate of occupancy. Except in those limited circumstances where a target cap rate would not apply, Company shall hold-back ten percent (10%) of each development fee payment until such time as the authorized development project achieves financial performance at a cap rate equal to or greater than the performance cap rate target agreed to by Advisor and Company at the time of the original land acquisition.", "snippet_links": [{"key": "the-advisor", "type": "definition", "offset": [0, 11]}, {"key": "for-development", "type": "clause", "offset": [32, 47]}, {"key": "by-the-company", "type": "clause", "offset": [84, 98]}, {"key": "development-fee", "type": "clause", "offset": [104, 119]}, {"key": "in-accordance-with", "type": "clause", "offset": [140, 158]}, {"key": "by-the-parties", "type": "clause", "offset": [207, 221]}, {"key": "total-project-cost", "type": "clause", "offset": [482, 500]}, {"key": "the-total", "type": "clause", "offset": [521, 530]}, {"key": "soft-costs", "type": "definition", "offset": 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of FORTAG segments.", "snippet_links": [{"key": "consent-of", "type": "clause", "offset": [21, 31]}, {"key": "the-development", "type": "clause", "offset": [49, 64]}, {"key": "construction-of", "type": "clause", "offset": [69, 84]}], "size": 1, "hash": "55d212ba232145e4c405edf003f5d622", "id": 8}, {"samples": [{"hash": "fQZLNZrGU1K", "uri": "/contracts/fQZLNZrGU1K#development-and-construction", "label": "Joint Venture Agreement (Asset Investors Corp)", "score": 18.0, "published": true}], "snippet": "Royal Palm shall be responsible for overseeing the development of Property and construction of the Construction Improvements. Royal Palm shall prepare, for approval by the Venture, a Development and Construction Budget prior to implementing any such activity (the \"D&C Budget\").", "snippet_links": [{"key": "responsible-for", "type": "clause", "offset": [20, 35]}, {"key": "development-of-property", "type": "definition", "offset": [51, 74]}, {"key": "construction-improvements", "type": "clause", "offset": [99, 124]}, {"key": "approval-by", "type": "clause", "offset": [156, 167]}, {"key": "the-venture", "type": "clause", "offset": [168, 179]}, {"key": "development-and-construction-budget", "type": "definition", "offset": [183, 218]}, {"key": "prior-to", "type": "clause", "offset": [219, 227]}], "size": 1, "hash": "6b353f9d6906abadaafbe2dee5f1cbbb", "id": 9}, {"samples": [{"hash": "eMRcflnQrKM", "uri": "/contracts/eMRcflnQrKM#development-and-construction", "label": "Franchise Agreement", "score": 19.0, "published": true}], "snippet": "You agree that promptly after obtaining possession of the site for the Store you will:\n(a) cause to be prepared and submit for approval by us a site plan for the Store, including requirements for dimensions, design, materials, interior layout, equipment, fixtures, furniture, signs, and decorating. You understand that you may modify our plans and specifications only to the extent required to comply with applicable ordinances, building codes, permit requirements and lease or occupancy requirements and only with our prior written approval;\n(b) obtain all required zoning changes; all required building, utility, health, sanitation, and sign permits and any other required permits;\n(c) purchase or lease equipment, fixtures, furniture and signs meeting our specifications and requirements;\n(d) complete the construction and/or remodeling, equipment, fixture, furniture and sign installation and decorating of the Store in full and strict compliance with plans and specifications approved by us and all applicable ordinances, building codes, permit and lease or occupancy requirements;\n(e) obtain all customary contractors' sworn statements and partial and final waivers of lien for construction, remodeling, decorating and installation services; and,\n(f) fully investigate and become familiar with the Store\u2019s delivery area and its boundaries.", "snippet_links": [{"key": "you-agree", "type": "clause", "offset": [0, 9]}, {"key": "site-for", "type": "clause", "offset": [58, 66]}, {"key": "be-prepared", "type": "clause", "offset": [100, 111]}, {"key": "approval-by", "type": "clause", "offset": [127, 138]}, {"key": "site-plan", "type": "clause", "offset": [144, 153]}, {"key": "requirements-for", "type": "clause", "offset": [179, 195]}, {"key": "to-the-extent", "type": "clause", "offset": [368, 381]}, {"key": "applicable-ordinances", "type": "clause", "offset": [406, 427]}, {"key": "building-codes", "type": "clause", "offset": [429, 443]}, {"key": "permit-requirements", "type": "clause", "offset": [445, 464]}, {"key": "occupancy-requirements", "type": "definition", "offset": [478, 500]}, {"key": "prior-written-approval", "type": "definition", "offset": [519, 541]}, {"key": "zoning-changes", "type": "clause", "offset": [567, 581]}, {"key": "sign-permits", "type": "clause", "offset": [639, 651]}, {"key": "required-permits", "type": "clause", "offset": [666, 682]}, {"key": "lease-equipment", "type": "clause", "offset": [700, 715]}, {"key": "and-signs", "type": "clause", "offset": [737, 746]}, {"key": "specifications-and-requirements", "type": "definition", "offset": [759, 790]}, {"key": "the-construction", "type": "clause", "offset": [805, 821]}, {"key": "sign-installation", "type": "clause", "offset": [875, 892]}, {"key": "strict-compliance-with-plans-and-specifications", "type": "clause", "offset": [933, 980]}, {"key": "approved-by", "type": "clause", "offset": [981, 992]}, {"key": "sworn-statements", "type": "clause", "offset": [1125, 1141]}, {"key": "waivers-of-lien", "type": "clause", "offset": [1164, 1179]}, {"key": "for-construction", "type": "clause", "offset": [1180, 1196]}, {"key": "installation-services", "type": "clause", "offset": [1225, 1246]}, {"key": "delivery-area", "type": "definition", "offset": [1312, 1325]}], "size": 1, "hash": "34f86ff4b385dc4bb6e31cd53673f289", "id": 10}], "next_curs": "CmUSX2oVc35sYXdpbnNpZGVyY29udHJhY3RzckELEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiVkZXZlbG9wbWVudC1hbmQtY29uc3RydWN0aW9uIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [["approvals-required-for-the-project", "Approvals Required for the Project"], ["material-modifications", "Material Modifications"], ["construction-of-the-project", "Construction of the Project"], ["completion-reporting-and-deliveries", "Completion Reporting and Deliveries"], ["the-transit-station", "The Transit Station"]], "parents": [["covenants-of-tamc", "Covenants of TAMC"], ["intent-and-purpose-of-this-agreement", "Intent and Purpose of this Agreement"], ["store-development", "Store Development"], ["fees", "Fees"], ["conditions-to-all-extensions-of-credit", "Conditions to All Extensions of Credit"]], "title": "Development and Construction", "size": 59, "id": "development-and-construction", "related": [["design-and-construction", "Design and Construction", "Design and Construction"], ["design-and-construction-of-the-project-highway", "Design and Construction of the Project Highway", "Design and Construction of the Project Highway"], ["project-construction", "Project Construction", "Project Construction"], ["definitions-and-construction", "Definitions and Construction", "Definitions and Construction"], ["commencement-and-completion-of-construction", "Commencement and Completion of Construction", "Commencement and Completion of Construction"]], "related_snippets": [], "updated": "2025-07-24T04:27:51+00:00"}, "json": true, "cursor": ""}}