Common use of Performance Fees Clause in Contracts

Performance Fees. 6.1 For the better securing of the performance by the Buyer of the terms and conditions of this Agreement and as additional consideration for the sale of the Sale Land by the City, the Buyer shall provide to the City, concurrently with the delivery to the City of this Agreement executed by the Buyer: (a) a cheque, cash payment or such other security as is acceptable to the City, for an amount of Ten Thousand ($10,000.00) Dollars (the “Design Guidelines and Sustainable Certification Performance Fee”); and (b) a cheque, cash payment or such other security as is acceptable to the City, for an amount of Five Thousand ($5,000.00) Dollars (the “Damage Performance Fee”); (collectively the Design Guidelines and Sustainable Certification Performance Fee and the Damage Performance Fee are referred as the “Performance Fees”).

Performance Fees. 6.1 For the better securing of the performance by the Buyer of the terms and conditions of this Agreement and as additional consideration for the sale of the Sale Land by the City, the Buyer shall provide to the City, concurrently with on or before the delivery to the City of this Agreement executed by the BuyerClosing Date: (a) a cheque, cash payment or such other security as is acceptable to the City, for an amount of Ten Twenty Thousand ($10,000.0020,000.00) Dollars (the “Design Guidelines and Sustainable Certification Performance Fee”); and (b) a cheque, cash payment or such other security as is acceptable to the City, for an amount of Five Thousand ($5,000.00) Dollars (the “Damage Performance Fee”); (collectively the Design Guidelines and Sustainable Certification Performance Fee and the Damage Performance Fee are referred as the “Performance Fees”).

Performance Fees. 6.1 For the better securing of the performance by the Buyer of the terms and conditions of this Agreement and as additional consideration for the sale of the Sale Land by the City, the Buyer shall provide to the City, concurrently with the delivery to the City of this Agreement executed by the Buyer: (a) a cheque, cash payment or such other security as is acceptable to the City, for an amount of Ten Thousand ($10,000.00) Dollars (the “Design Guidelines and Sustainable Certification Performance Fee”); and (b) a cheque, cash payment or such other security as is acceptable to the City, for an amount of Five Thousand ($5,000.00) Dollars (the “Damage Performance Fee”); SAMPLE (collectively the Design Guidelines and Sustainable Certification Performance Fee and the Damage Performance Fee are referred as the “Performance Fees”).