Deferred Developer Fee definition

Deferred Developer Fee means a certain sum of money owed to the Developer and evidenced by a promissory note, partnership agreement or other written agreement acceptable to ADOH, such fee to be repaid from the Project’s cash flow after payment of Operating Expenses of the Project and after payment of debt service for all superior liens.

Deferred Developer Fee means the portion of the allowable Developer Fee specified on Form 3 that is not paid from the cash sources identified on Form 3.

Deferred Developer Fee means any deferred Developer Fee to be paid from Annual Project Revenue, which is included under the financing which has been approved by Authority pursuant to Section 3.10. [As of the Effective Date, Developer intends to include a Deferred Developer Fee in the amount of approximately $539,500 as a permanent source of financing for Phase II.]

Examples of Deferred Developer Fee in a sentence

• Any Deferred Developer Fee shown in the Application must be included as a source of funding in the calculation of Credit.

• Deferred Developer Fee must be payable within the fifteen (15) year compliance period from available cash flow.

• At the end of the Compliance Period, any remaining balance of the ODR less amounts that may be permitted to be drawn (which includes Deferred Developer Fee and reimbursements for authorized member/partner and guarantor loan(s) pursuant to the operating/partnership agreement), will be used to pay FHFC loan debt; if there is no FHFC loan debt on the proposed Development at the end of the Compliance Period, any remaining balance shall be used to pay any outstanding FHFC fees.

• At the end of the Compliance Period, any remaining balance of the ODR less amounts that may be permitted to be drawn (which includes Deferred Developer Fee and reimbursements for authorized member/partner and guarantor loan(s) pursuant to the operating/partnership agreement), will be used to pay FHFC loan debt; if there is no FHFC loan debt on the proposed Development at the end of the compliance period, any remaining balance shall be used to pay any outstanding FHFC fees.

• At the end of the compliance period, any remaining balance of the ODR less amounts that may be permitted to be drawn (which includes Deferred Developer Fee and reimbursements for authorized member/partner and guarantor loan(s) pursuant to the operating/partnership agreement), will be used to pay FHFC loan debt; if there is no FHFC loan debt on the proposed Development at the end of the compliance period, any remaining balance shall be used to pay any outstanding FHFC fees.

More Definitions of Deferred Developer Fee

Deferred Developer Fee means the portion of the Developer Fee that shall be paid from Project operating cash flow after the Project has completed construction, placed in service, and converted to permanent financing at final financial closing. As described in this Guide, the Deferred Developer Fee must be equal to the lesser of: a) twenty-five percent (25%) of the total Developer Fee; and seventy-five percent (75%) of cumulative cash flow after debt service for years one (1) through twelve (12) of Project operations;. The Authority requires that Deferred Developer Fee be included as a Project Source.

Deferred Developer Fee means the portion of the Developer Fees, if any, that is deferred for payment at the time of the audit performed by Borrower after completion of construction of the Project.

Deferred Developer Fee means a deferred portion of the Developer Fee equal to Three Hundred Thousand Dollars ($300,000), which amount is subject to adjustment by the Agency Executive Director in accordance with the Agency Note.

Deferred Developer Fee means that portion of the Developer Fee – anticipated to equal Three Hundred Thirty Thousand Six Hundred Fifty-Two and 00/100 Dollars ($330,652.00)– payable by the Borrower to RHFFI in annual installments, accruing interest at the AFR rate of 3.31% per annum, compounding annually. In no event shall full payment of the Deferred Developer Fee occur later than the twelfth anniversary of the In-Service Date (as defined herein). Any Deferred Developer Fee payments from the Borrower to RHFFI paid from Residual Receipts shall be payable solely out of the Borrower’s retained thirty percent (30%) of the Residual Receipts, pursuant to the disbursement of such Residual Receipts to the Borrower under Section 2.05(b)(1) below.

Deferred Developer Fee means the portion of the allowable Developer Fee specified on Form 3 that is not paid from the cash sources identified on Form 3. a certain sum of money owed to the Developer and evidenced by a promissory note, partnership agreement or other written agreement acceptable to ADOH, such fee to be repaid from the Project’s cash flow after payment of Operating Expenses of the Project andafter payment of debt service for all superior liens.

Deferred Developer Fee means a deferred portion of the Developer Fee equal to Six Hundred Thousand Dollars ($600,000), which amount is subject to adjustment by the Mayor in accordance with the City Note.

Deferred Developer Fee means the portion of the Developer Fee to be paid from the cash flow of the Project as provided in the final Project Budget at the conversion from construction financing to permanent financing.