Development Premium Sample Clauses

Development Premium. Development Premium" means the total amount payable by the Developer to NRDA that is Rs. ---------- ------------------- (Rupees only) being the consideration payable by the Developer for receiving the License (Development rights) on the Project Land in strict adherence with the terms hereof. NRDA received an amount of Rs. ------------------------- (Rupees ----------------- only) by way of ----- Bank Draft dated for Rs. /- (Rupees ----------------only) issued by -----------Bank---------------- being 25% (Twenty Percent) of the accepted Development premium and the cost of assets on the land if any less the amount of EMD, (If the EMD has been deposited in the form of Bank Draft) or 25% (Twenty Percent) of the accepted Development premium if the EMD has been deposited in the form of Bank Guaranty in favour of CEO and payable at Raipur/ Naya Raipur and tax as applicable, if any, before signing of this agreement. The Developer shall pay the balance and outstanding development right premium in accordance with the timelines specified in Schedule IV. Under no circumstance except provided in this Agreement, the accepted shall be altered and this is essence of this Agreement. The Payment Schedule is as follows: S. No Payment as % of Development Premium Payment Schedule 1. 25% of the accepted Development Premium (less the amount of EMD if the EMD has been deposited in the form of Bank Draft) within 90 (Ninety) days of issue of the Notice of Award (NoA)
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Development Premium. In the event at any time before the fifth (5th) anniversary of the Closing Date, Beacon obtains a building permit allowing a development in excess of Two Hundred Thousand (200,000) rentable square feet of space on the Building 549 site (as shown on the site plan approved by the applicable authority at that time), (i) Beacon shall provide Contributor with written notice thereof, accompanied by copies of the approved site plan and the building permit, and shall provide Contributor with any other relevant items reasonably requested by Contributor, and (ii) Beacon shall pay to Contributor not later than ten (10) business days after the date such building permit is issued, an amount determined by multiplying Five Dollars ($5.00) by the number of rentable square feet approved by the applicable authority in excess of Two Hundred Thousand (200,000) rentable square feet. The provisions of this SUBSECTION 9.1.7 shall survive the Closing (and not be merged therein).
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Development Premium. Purchaser shall make a payment to Seller in an amount equal to (x) $10,000,000 less (y)(i) the aggregate amount of all Milestone Payments paid to Seller, (ii) any costs or expenses paid by Purchaser to Seller or its Affiliates pursuant to Section 5.04(a) in connection with any rights of way related to the Project and (iii) the aggregate value of all Economic Impacts (the amount of clause (x) minus clause (y), the “Development Premium”).
Sample 1
Development Premium. During the development, construction and operation of the Wheel Facilities, Voyager shall provide certain expertise with respect thereto. In consideration of Voyager providing such expertise, the Company shall pay to Voyager a development premium equal to 15% of the Development Cost (the "Development Premium"), which shall be payable pursuant to the terms of a Development Premium Agreement, to be negotiated and executed by and between Voyager and the Company (the "Development Premium Agreement").
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Development Premium 
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Related to Development Premium

  • Development Costs With respect to activities prior to the Amendment Effective Date, each Party was to pay [*] of the total Direct Development Costs of a Product incurred in accordance with the Development Budget (as defined in the Original Agreement). Notwithstanding anything in this Article 6 of this Agreement or in any other provision of this Agreement to the contrary, with respect to activities on and after the Amendment Effective Date, subject to Sections 3.1.2, Alimera will be solely responsible for, and shall pay one hundred percent (100%) of, all development costs of a Product, including Direct Development Costs. Notwithstanding anything in this Article 6 of this Agreement or in any other provision of this Agreement to the contrary, (i) all payments owing by CDS hereunder with respect to development activities prior to the Amendment Effective Date are hereby deemed fully paid by CDS (or waived, to the extent such waiver may be required), including any Development Payments, Compounded Development Payments, Determined Disputed Costs and Compounded Disputed Costs (as all defined in the Original Agreement), further including any penalties and interest which might have accrued with respect thereto, and further including all CDS payments deferred pursuant to that February 11, 2008 letter agreement sent by CDS and executed by CDS and Alimera regarding deferral of payments under the Original Agreement as of such date; (ii) all payments owing by Alimera hereunder with respect to development activities prior to the Amendment Effective Date are hereby deemed fully paid by Alimera (or waived, to the extent such waiver may be required), including any Development Payments, Compounded Development Payments, Determined Disputed Costs and Compounded Disputed Costs (as all defined in the Original Agreement), and further including any penalties and interest which might have accrued with respect thereto; and (iii) subject to Sections 3.1.1 and 3.1.2, from and after the Amendment Effective Date, CDS will have no liability whatsoever hereunder for any past, present or future development costs, including Direct Development Costs (which includes those incurred before, on and after the Amendment Effective Date), and instead Alimera shall have sole liability therefor.

  • Development Fee A fee for the packaging of a Property or Mortgage, including the negotiation and approval of plans, and any assistance in obtaining zoning and necessary variances and financing for a specific Property, either initially or at a later date.

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Development Fees The character and amount of any fee, charge or other consideration which must be paid by Donee to develop any Property.

  • Development of the Project 4.1 TSP's obligations in development of the Project: Subject to the terms and conditions of this Agreement, the TSP at its own cost and expense shall observe, comply with, perform, undertake and be responsible:

  • Operating and Maintenance Costs The Participating Generator shall be responsible for all its costs incurred in connection with operating and maintaining the Generating Units identified in Schedule 1 for the purpose of meeting its obligations under this Agreement.

  • Development Program A. Development activities to be undertaken (Please break activities into subunits with the date of completion of major milestones)

  • Diagnostic Assessment 6.3.1 Boards shall provide a list of pre-approved assessment tools consistent with their Board improvement plan for student achievement and which is compliant with Ministry of Education PPM (PPM 155: Diagnostic Assessment in Support of Student Learning, date of issue January 7, 2013).

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.

  • Phase II A small portion of the work for the Phase II modifications to the Plattsburgh Substation will be performed by Transmission Owner, and the remainder will be performed by Clinton and Xxxxxxxxx. A detailed definition of the specific scope for Transmission Owner and Clinton and Xxxxxxxxx including interface points shall be defined during the design phase and, as such documents become available, copies will be delivered to the NYISO, Transmission Owner, Noble Altona Windpark, LLC and Marble River, LLC. The full scope includes the installation of wave traps, CCVT’s and modifications and/or additions to relaying on the MWP-1 and MWP- 2 lines. These lines will be reconfigured at the completion of Phase II to connect to Xxxxx and Xxxxxxx Substations on MWP-1 and the Xxxx Substation on MWP-2. Clinton and Xxxxxxxxx will design the upgrades and purchase the materials based on the outline specification that was prepared and issued by Transmission Owner. The work to be performed by Clinton and Xxxxxxxxx will include both the materials for the exterior and interior installations and items for Transmission Owner installation inside the control building in existing relay panels and communication racks. In addition, Clinton and Xxxxxxxxx will be responsible for the exterior and interior construction work and will provide construction management services in coordination with Transmission Owner. The civil design for the foundations and the electrical design for the cable runs to the control room will be designed by, as approved by Transmission Owner, and installed under the supervision and control of Clinton and Xxxxxxxxx. The equipment will be selected and procured in accordance with the specifications developed during the detailed engineering phase, copies of which shall be furnished to the NYISO, Transmission Owner, Noble Altona Windpark, LLC and Marble River, LLC. The construction of the foundations, structures, wave traps, CCTV and cable runs into the control building to the termination cabinets will be completed by Clinton and Xxxxxxxxx. The work at the Plattsburgh Substation will be installed under Transmission Owner’s CPP-1. Transmission Owner will provide Protection and Controls Engineering, install and terminate wiring from the termination cabinets to the control panels and relays, install relays and equipment in the existing panels, and will commission such work inside the 230kV control building. Transmission Owner will develop the communications protocols and data flow over the circuits.

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