Common use of Development Rights Fee Clause in Contracts

Development Rights Fee. relating to the Section On the Financial Closing Date, the Section Developer shall advance funds to the Phase Developer in the amount of the applicable installment of the Development Rights Fee (as defined in the Phase P3 Agreement) due under the Phase P3 Agreement and shall cause the Phase Developer to pay the applicable installment of the Development Rights Fee in accordance with the Phase P3 Agreement.

Appears in 2 contracts

Sources: Phase P3 Agreement, Section P3 Agreement Term Sheet