Deferred Developer Fees definition

Deferred Developer Fees means the portion of the Developer Fee, if any, that is deferred for payment at the time of the audit performed by Borrower after completion of construction of the Project.
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Deferred Developer Fees means any deferred developer fee allowable under the financing which has been approved by Authority/Agency pursuant to Section 310 hereof. The parties acknowledge that as of the Date of Agreement the Deferred Developer Fee is expected to equal
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Examples of Deferred Developer Fees in a sentence

  • Developer Financing Proposed (Subject to change prior to closing) • Historic Tax Credits • Senior Loan • CRDA • Developer Equity • BSPRA (Deferred Developer Fees) Closing Contingencies • Receipt by Developer of all Permits and Approvals.

  • Deferred Developer Fees shall not be payable from OCII’s Surplus Cash at any time.

  • Provided Tenant is not currently in default (subject to applicable notice and cure periods) under the terms of this Ground Lease, Tenant shall use Surplus Cash to make the following payments: Tenant and OCII shall evenly divide and distribute the Surplus Cash amongst themselves until the earlier to occur of: (i) 15 years of operations from the date the Project achieves One Hundred Percent Occupancy or (ii) full payment of the Deferred Developer Fees.

  • The Additional Agency Loan proceeds shall be disbursed and applied for the sole purpose of paying direct costs for Construction and shall not be used for any other purpose including, without limitation, no payment of Deferred Developer Fees, no payment of Partnership Related Fees and Expenses, and no payment of deferred payment debt, fees, or expenses under the Partnership Agreement or the Loan Agreement.

  • Provided Borrower is not currently in default (subject to applicable notice and cure periods) under the terms of OCII Documents, Borrower shall use Surplus Cash to make the following payments: The Borrower and OCII shall evenly divide and distribute the Surplus Cash amongst themselves until the earlier to occur of: (i) 15 years of operations from the date the Project achieves One Hundred Percent Occupancy or (ii) full payment of the Deferred Developer Fees.

Related to Deferred Developer Fees

  • Director Fees means the total compensation (including annual retainer and meeting fees, if any) paid by the Corporation to a Director in a calendar year for service on the Board;

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Annual Fees means annual Trustee Fees and annual fees related to monitoring Tax Increment, in an amount not to exceed $10,000.

  • Developer Fee means the fee earned by the Developer.