Deferred Development Fee definition

Deferred Development Fee means any portion of the Development Fee not actually paid to and received by the Developer from the Installments, the payment of which is deferred and payable only in accordance with Sections 5.01(a), 11.03(A)(b) and 11.04(A)(c) hereof.

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Deferred Development Fee means any part of the Development Fee (as defined in the Partnership Agreement) together with any interest thereon not paid by the Completion Date (as defined in the Partnership Agreement) and payable out of Cash Flow in accordance with the terms of the Partnership Agreement.

Deferred Development Fee means the portion of the Development Fee payable by the Partnership to the Developers from Net Cash Flow, proceeds of a Capital Transaction and pursuant to the Development Agreement.

Examples of Deferred Development Fee in a sentence

• The Partnership shall use the increase in the Fourth Capital Contribution (A) first to pay Development Costs (other than Deferred Development Fee and Operating Deficits), (B) until the Deferred Development Fee is paid in full, 90% to the Deferred Development Fee and 10% to AHF as a distribution and (C) then, distributed as Net Cash Flow pursuant to Section 9.1(a) of this Agreement.

• The unpaid balance of the Deferred Development Fee shall be payable only upon satisfaction of the conditions precedent described in Section 1.1, the definition of “Deferred Development Fee.

• Also, if the Development Fee is not paid in full in accordance with Section 9.2(b) of the Partnership Agreement then Owner shall be indebted to the Developer for the unpaid balance of the Development Fee ("Deferred Development Fee").

• In no event will deductions in determining Cash Flow pursuant to clauses (i) and (ii) above include payments made on account of: the Asset Management Fee, amounts due on any Subordinated Loans, the Incentive Partnership Management Fee, the subsequent annual funding of the Tenant Transition Fund, the Deferred Development Fee and/or any Cash Flow only interest payments on the Preservation Loan.

• The Deferred Development Fee shall accrue interest at a rate equal to the applicable federal rate in effect as of the date of the last capital contribution payment referenced in Section 7.2 of the Partnership Agreement.

More Definitions of Deferred Development Fee

Deferred Development Fee means any portion of the Development Fee not actually paid to and received by the Developer from the Installments, the payment of which is deferred and payable only in accordance with Sections 5.01(a), 11.03(A)(b) and 11.04(A)(c) hereof. "Development Fee" means the fee payable by the Partnership to the Developer pursuant to Section 8.10 of this Agreement. "Development Sources" means the aggregate of: (a) the proceeds of the Mortgage Loan; (b) the Capital Contributions of the General Partner, as set forth in Section 5.01(a) of this Agreement; (c) not more than $199,951, less the amount of the non-DeferredDevelopment Fee of the Capital Contributions of the Investment Partnership to the Partnership; and (d) any rental income of the Partnership for the period prior to Final Closing. "Distributable Proceeds from Capital Transactions" means the excess of all cash receipts and other consideration arising from the sale or other disposition of all or any portion of the Apartment Complex or any proceeds realized from condemnation,casualty, or title defect, but excluding proceeds, if any, from rental interruption insurance or a temporary condemnation in the nature of a lease, over the sum of the following, to the extent paid out of such cash receipts or other consideration: (i) the amount of cash disbursed or to be disbursed in connection with or as an expense of such sale or other disposition, (ii) the amount necessary for the payment of all debts and obligations of the Partnership arising from or otherwise related to such sale or other disposition or to which the Apartment Complex is subject and which are otherwise then due (other than debts and obligations owed to the Partners and their Affiliates, which shall be satisfied in the order set forth in Section 11.04), and (iii) any amounts set aside by the General Partner for reserves which the General Partner deems reasonably necessary for contingent, unmatured or unforeseen liabilities of the Partnership. "Distributable Proceeds from Refinancings" means the excess of the gross proceeds of any borrowing by the Partnership over the sum of the following,to the extent paid out of such gross proceeds:

Deferred Development Fee means the development fee payable by the Company to the Developer after the date of this Agreement pursuant to the Development Agreement.

Deferred Development Fee means those fees in the aggregate amount of the $2,005,000 payable by Borrower to Heritage Partners, LLC; provided that such Deferred Development Fee shall only be payable during the term of the Loan if (a) funds are available from the Mezzanine Loan and the Mortgage Loan in an amount necessary for the Completion of the Improvements and (b) Net Sale Proceeds are available in the Deposit Account in an amount necessary to pay off the outstanding balance of the Mezzanine Loan and the Mortgage Loan.

Deferred Development Fee means the “Service Fee” due to the Developer under Section 3.1 of the Development Services Agreement that is payable only on the Term Conversion Date.

Deferred Development Fee has the meaning specified in Section 4.08 b. hereof.

Deferred Development Fee means any portion of the developer fee payable to Phase IIB Developer in connection with the development of the Phase IIB Market Rate Owner Improvements which was not paid from development sources. The Deferred Development Fee shall not exceed the sum of Two Million Sixty-Four Thousand Eight Hundred Eighty-Six Dollars ($2,064,886), minus any portion of such development fee paid upon or following closing of the Tax Exempt Note Loan, upon which deferred amount no interest shall accrue or be payable.

Deferred Development Fee is that fee payable to the Managing Member or its affiliate at or before stabilization of the Project.