Prior Services Rendered Sample Clauses
Prior Services Rendered. The Parties acknowledge and agree that Developer has earned the sum of $80,000 for services rendered prior to the date hereof, that said amount is reasonable in relation to the work performed, is fully earned as of that date and said amount shall be paid in any event notwithstanding the termination of this Agreement. The Parties further acknowledge and agree that the Owner has accrued the Development Fee of $80,000, under its method of accounting.
Prior Services Rendered. The Parties acknowledge and agree that Developer has earned the aggregate sum of $88,811, representing $20,000 for Kingsfield Apartments for services rendered prior to March 13, 2002, $48,823 for Morris Family Apartments for services rendered prior to February 7, 2002, and $19,988 for Westridge Apartments for services rendered prior to February 7, 2002, that said amounts are reasonable in relation to the work performed, are fully earned as of those dates and that said amounts shall be paid in any event notwithstanding the termination of this Agreement. The Parties further acknowledge and agree that the Owner has accrued the Development Fee of $88,811 under its method of accounting.