Common use of Voluntary Contribution Clause in Contracts

Voluntary Contribution. To assist the Tempe Union High School Foundation and the Tempe Impact Education Foundation (together, the “Foundations”) with their important educational missions, Developer agrees to make a voluntary contribution to the Foundations in the amount of $25,000.00 (half to each foundation) per year for four (4) years, commencing on the date of execution of the first Lease and continuing on each anniversary thereof until the aggregate of such payments equals $100,000; provided that Developer may at any time elect to prepay such amounts, so long as the entire $100,000 is paid. The Foundations are an intended third party beneficiary of this provision of the Agreement, and shall have the exclusive power to enforce this provision during the term of this Agreement.

Voluntary Contribution. To assist the Tempe Union High School Foundation and the Tempe Impact Education Foundation (together, the “Foundations”) with their important educational missions, Developer agrees to make a voluntary contribution to the Foundations in the collective amount of $25,000.00 25,000 (half to each foundationFoundation) per year for four (4) years, commencing on the date of execution of the first Government Property Lease and continuing on each anniversary thereof until the aggregate of such payments equals $100,000; provided that Developer may at any time elect to prepay such amounts, so long as the entire $100,000 is paid. The Foundations are an intended third party beneficiary beneficiaries of the provision of this provision of the AgreementSection, and shall have the exclusive power to enforce this provision such provisions during the term of this Agreement.

Voluntary Contribution. To assist the Tempe Union High School Foundation and the Tempe Impact Education Foundation (together, the “Foundations”) with their important educational missions, Developer agrees to make a voluntary contribution to the Foundations in the amount of $25,000.00 100,000.00 (half to each foundation), in four (4) installments of $25,000 each (half to each foundation) per year for four (4) years, commencing payable on the date of execution issuance of the first Lease Certificate of Occupancy issued for any Improvements constructed on the Property as part of the Project and continuing on each subsequent anniversary thereof until the aggregate of such payments equals $100,000; provided that Developer may at any time elect to prepay such amounts, so long as the entire $100,000 is paiddate until paid in full. The Foundations are an intended third party beneficiary of this provision of the Agreement, and shall have the exclusive power to enforce this provision during the term of this Agreement.

Voluntary Contribution. To assist the Tempe Union High School Foundation and the Tempe Impact Education Foundation (together, the “"Foundations”") with their important educational missions, Developer agrees to make a voluntary contribution to the Foundations in the amount of $25,000.00 (half to each foundation) per year for four (4) years, commencing on the date of execution of the first Government Property Lease and continuing on each anniversary thereof until the aggregate of such payments equals $100,000; provided that Developer may at any time elect to prepay such amounts, so long as the entire $100,000 is paid. The Foundations are an intended third party beneficiary beneficiaries of this provision of the Agreement, and shall have the exclusive power to enforce this provision during the term of this Agreement.