Development Fee. The Partnership has entered into the Development Agreement with the Developers for their services in connection with the development and rehabilitation of the Apartment Complex. In consideration for such services, the Partnership shall pay the Developers a Development Fee in the total amount of $3,300,000.00 in accordance with the terms of the Development Agreement and Article 9 of this Agreement
Appears in 2 contracts
Samples: Partnership Management Agreement, Partnership Management Agreement
Development Fee. (i) The Partnership has entered into the a Development Agreement of even date herewith with the Developers Developer for their its services in connection with the development and rehabilitation construction of the Apartment Complex. In consideration for such services, the Partnership shall pay the Developers a Development Fee in the total amount of $3,300,000.00 294,259 shall be payable by the Partnership to the Developer, solely from the Capital Contributions by the Investment Partnership except as provided in accordance with the terms of the Sections 4.02(g), 5.01(a), 11.03A(b) and 11.04(A)(a). The Development Agreement Fee shall be due and Article 9 of this Agreementpayable as follows:
Appears in 1 contract
Samples: Boston Capital Tax Credit Fund Iv Lp
Development Fee. The Partnership has entered into the a Development Agreement of even date herewith with the Developers Developer for their its services in connection with the development and rehabilitation of the Apartment Complex. In consideration for such services, the Partnership shall pay the Developers a Development Fee in the total amount of $3,300,000.00 400,900 shall be payable by the Partnership to the Developer, solely from the Capital Contributions by the Investment Partnership except as provided in accordance with the terms of the Sections 4.02(g), 5.01(a), 11.03A(b) and 11.04(b)(c)(4). The Development Agreement Fee shall be due and Article 9 of this Agreementpayable as follows:
Appears in 1 contract
Samples: Boston Capital Tax Credit Fund Iv Lp
Development Fee. (i) The Partnership has entered into the a Development Agreement of even date herewith with the Developers Developer for their its services in connection with the development and rehabilitation construction of the Apartment Complex. In consideration for such services, the Partnership shall pay the Developers a Development Fee in the total amount of $3,300,000.00 408,468 shall be payable by the Partnership to the Developer, solely from the Capital Contributions by the Investment Partnership except as provided in accordance with the terms of the Sections 4.02(g), 5.01(a), 11.03A(b) and 11.04(A)(a). The Development Agreement Fee shall be due and Article 9 of this Agreementpayable as follows:
Appears in 1 contract
Samples: Boston Capital Tax Credit Fund Iv Lp
Development Fee. The Partnership has entered into the a Development Agreement of even date herewith with the Developers Developer for their its services in connection with the development and rehabilitation of the Apartment Complex. In consideration for such services, the Partnership shall pay the Developers a Development Fee in the total amount of $3,300,000.00 181,607 shall be payable by the Partnership to the Developer pursuant to Sections 4.02(g), 5.01(a), 11.03A(b) and 11.04(A)(c)(4). Such Deferred Development Fee shall be payable only in accordance with the terms of the Development Agreement Sections 11.03A(b) and Article 9 of this Agreement11.04A(c) or, if not sooner paid, on December 31, 2007.
Appears in 1 contract
Samples: Boston Capital Tax Credit Fund Iv Lp
Development Fee. The Partnership has entered into the a Development Agreement of even date herewith with the Developers Developer for their its services in connection with the development and rehabilitation construction of the Apartment Complex. In consideration for such services, the Partnership shall pay the Developers a Development Fee in the total amount of $3,300,000.00 324,900 shall be payable by the Partnership to the Developer, solely from the Capital Contributions by the Investment Partnership except as provided in accordance with Sections 4.02(g), 5.01(a), 11.03A(b) and 11.04(A)(b)(6). The Development Fee shall be due and payable by the terms of Partnership to the Development Agreement and Article 9 of this AgreementDeveloper as follows:
Appears in 1 contract
Samples: Boston Capital Tax Credit Fund Iv Lp
Development Fee. (a) The Partnership has entered into the a Development Agreement of even date herewith with the Developers Developer for their its services in connection with the development and rehabilitation construction of the Apartment Complex. In consideration for such services, the Partnership shall pay the Developers a Development Fee in the total amount of $3,300,000.00 597,978 shall be payable by the Partnership to the Developer, from Capital Contributions by the Investment Partnerships, and from first available Net Cash Flow as provided in accordance with the terms of the Development Agreement and Article 9 of this AgreementSection 11.01(a), as follows:
Appears in 1 contract
Samples: Boston Capital Tax Credit Fund Iv Lp
Development Fee. The Partnership has entered into the a Development Agreement of even date herewith with the Developers Developer for their its services in connection with the development and rehabilitation construction of the Apartment Complex. In consideration for such services, the Partnership shall pay the Developers a Development Fee in the total amount of $3,300,000.00 50,000 shall be payable by the Partnership to the Developer, solely from the Capital Contributions by the Investment Partnership except as provided in accordance with Sections 4.02(g), 5.01(a), 11.03A(b) and 11.04(A)(b)(6), and pledged to the terms Partnership for the benefit of the Development Agreement and Article 9 of this Investment Partnership pursuant to the Pledge Agreement..
Appears in 1 contract
Samples: Boston Capital Tax Credit Fund Iv Lp
Development Fee. The Partnership has entered into the a Development Agreement of even date herewith with the Developers Developer for their its services in connection with the development and rehabilitation of the Apartment Complex. In consideration for such services, the Partnership shall pay the Developers a Development Fee in the total amount of $3,300,000.00 87,397 shall be payable by the Partnership to the Developer, pursuant to Sections 4.02(g), 5.01(a), 11.03A(b) and 11.04(A)(c)(4). The Deferred Development Fee shall be payable only in accordance with the terms of the Development Agreement Sections 11.03A(b) and Article 9 of this Agreement11.04A(c)or, if not sooner paid, on December 31, 2007. 8.11.
Appears in 1 contract
Development Fee. The Partnership has entered into the a Development Agreement of even date herewith with the Developers Developer for their its services in connection with the development and rehabilitation of the Apartment Complex. In consideration for such services, the Partnership shall pay the Developers a Development Fee in the total amount of $3,300,000.00 241,999 shall be payable by the Partnership to the Developer, solely from the Capital Contributions by the Investment Partnership except as provided in accordance with the terms of the Sections 4.02(g), 5.01(a), 11.03A(b) and 11.04(A)(c)(4). The Development Agreement Fee shall be due and Article 9 of this Agreementpayable as follows:
Appears in 1 contract
Samples: Boston Capital Tax Credit Fund Iv Lp
Development Fee. The Partnership has entered into the a Development Agreement of even date herewith with the Developers Developer for their its services in connection with the development and rehabilitation of the Apartment Complex. In consideration for such services, the Partnership shall pay the Developers a Development Fee in the total amount of $3,300,000.00 1,092,513 shall be payable by the Partnership to the Developer, solely from the Capital Contributions by the Investment Partnership except as provided in accordance with the terms of the Sections 4.02(g), 5.01(a), 11.03A(b) and 11.04(A)(c)(4). The Development Agreement Fee shall be due and Article 9 of this Agreementpayable as follows:
Appears in 1 contract
Samples: Boston Capital Tax Credit Fund Iv Lp