Common use of Development Fee Clause in Contracts

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition of the fees and the high cost adjustment, which is approximately $200,000.

Appears in 2 contracts

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 6), Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 6)

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Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $375,000 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 11)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition $317,816. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Amended and Restated Agreement (WNC Housing Tax Credit Fund Vi Lp Series 11)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition $133,553. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Agreement (WNC Housing Tax Credit Fund Vi Lp Series 5)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $291,329 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition of the fees and the high cost adjustment, which is approximately $200,00060,000.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 5)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $161,040 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 11)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis [[Development_Fee]] (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition $319,907. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000.this Agreement. 2.3

Appears in 1 contract

Samples: Amended and Restated Agreement (WNC Housing Tax Credit Fund Vi Lp Series 11)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition $228,344. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000.this Agreement. 2.3

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 10)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition $172,195. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition $159,544. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 7)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal of $330,000 ("Development Fee"). The Development Fee shall be payable in accordance with Section 3 of this Agreement. The Development Fee shall be paid 47.5% to 6.99Xxxxxx X. Xxxxxxx Co., Inc., 47.5% of the total eligible basis (acquisition plus rehabilitationto X.X. Xxxxxxx Co., new construction) before the addition of the fees Inc., and the high cost adjustment, which is approximately $200,0005% to Xxxxxx X. Xxxxxxx.

Appears in 1 contract

Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $167,153 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 7)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $166,000 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 12)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition $47,986. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 7)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition of the fees and the high cost adjustment, which is approximately $200,000139,000.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 5)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this AgreementAgreement and the assignment of all development rights for the Project, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition $231,000. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 5)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an amount equal to 6.99% of $240,000 or the total eligible basis (acquisition plus rehabilitation, new construction) before maximum amount allowable by the addition of the fees and the high cost adjustment, which is approximately $200,000State Tax Credit Agency.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 8)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this AgreementAgreement and the assignment of all development rights for the Project, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition $245,610. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 6)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an amount equal to 6.99% of $153,250 or the total eligible basis (acquisition plus rehabilitation, new construction) before maximum amount allowable by the addition of the fees and the high cost adjustment, which is approximately $200,000State Tax Credit Agency.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 7)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $586,600 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 10)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $343,232 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition $263,501. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $59,458 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $124,000 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this AgreementAgreement and the assignment of all development rights for the Project, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition $180,000. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 8)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $400,000 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $209,124 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $551,230 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition $408,500. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 6)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $975,000 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 12)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an amount equal to 6.99the greater of $279,756 or 15% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition development costs. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 6)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition $1,350,000. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 5)

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Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $160,000 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 8)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition $164,800. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Operating Budget Agreement (WNC Housing Tax Credit Fund Vi Lp Series 7)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $340,402 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 12)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition $300,700. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000.this Agreement. 2

Appears in 1 contract

Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 6)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee, including Developer overhead, $155,000. The Development Fee shall be payable in an amount equal to 6.99% accordance with Section 3 of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 6)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $605,000 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 7)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $539,308 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 12)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the aggregate amount equal to 6.99% of the total eligible basis $456,339 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $425,000 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 12)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition $300,210. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Amended and Restated Agreement (WNC Housing Tax Credit Fund Vi Lp Series 12)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $475,000 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 10)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $360,000 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition $225,077. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 10)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $150,000 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition $314,319. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Amended and Restated Agreement (WNC Housing Tax Credit Fund Vi Lp Series 11)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $390,000 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 10)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis (acquisition plus rehabilitation, new construction) before the addition $513,418. The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 7)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $142,580 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 11)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $555,000 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $106,000 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)

Development Fee. In consideration of Developer's prior activities and Developer's agreement to provide development services during the term of this Agreement, Owner agrees to pay to the Developer a Development Fee in an the amount equal to 6.99% of the total eligible basis $574,000 (acquisition plus rehabilitation, new construction) before the addition "Development Fee"). The Development Fee shall be payable in accordance with Section 3 of the fees and the high cost adjustment, which is approximately $200,000this Agreement.

Appears in 1 contract

Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 10)

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