Delayed Closing Fee definition

Delayed Closing Fee means the amount of $5,000,000, which may become due and payable by Buyer to the Sellers and CFC, collectively, pursuant to and in accordance with Section 9.4.
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Examples of Delayed Closing Fee in a sentence

  • If an event of Default occurs, Developer shall nevertheless be obligated to continue to pay all Development Fees, Delayed Closing Fee, and all other debts and otherwise comply with all conditions and obligations under this Agreement.

  • Upon the actual Closing Date of any Lease(s), or upon the Scheduled Closing Date, whichever occurs first, Developer shall cease payment of the Development Fee or Delayed Closing Fee, as applicable, and pay to County Initial Annual Rent for the Project or Phase of Project as set forth in Schedule 3.1. The first payment of Initial Annual Rent shall be due upon or prior to the actual Closing Date or Scheduled Closing Date, whichever occurs first.

  • In the event that any payment of the Development Fee, Delayed Closing Fee, Additional Fees or any other monetary obligation due County shall remain unpaid for a period of five (5) days beyond their due date, a late charge of five percent (5%) of the amount of such Fee, Rent or other amount (irrespective of a partial payment) shall be added to such delinquent payment for each month that the payment remains delinquent.

  • Delayed Closing Fee shall have the meaning ascribed to such term in Section 3.3 herein.

  • The Manager(s) shall determine the institution or institutions at which the accounts will be opened and maintained, the types of accounts, and the Persons who will have authority with respect to the accounts and the funds therein.

  • Under no circumstances shall the Delayed Closing Fee be requested or approved for a period longer than ___ years in the aggregate in lieu of default.

  • In the event any payments for Fees, Rents or other amounts are delinquent for concurrent months, subsequent payments will be credited to the delinquent month’s Fee, Rent or amount of the corresponding Delayed Closing Fee that was first in time.

  • If any of the conditions specified in Section 3 or 4 hereof shall not have been fulfilled when and as required by this Agreement to be fulfilled, the Agreement may be terminated by either party by notice to the other party without liability to any other party, except for the Delayed Closing Fee (as defined herein), if any, which shall be paid whether or not the Closing occurs.

  • Additional Fee shall be defined as all costs and expenses owned by developer to County as provided for in this Agreement other than the Security Deposit, Development Fee, and Delayed Closing Fee.

Related to Delayed Closing Fee

  • Delayed Closing Date means the date, set in accordance with section 3, on which the Vendor agrees to Close, in the event the Vendor cannot Close on the Firm Closing Date.

  • Closing Fee has the meaning set forth in Section 2.09(c).

  • Closing Fees means those fees required to be paid on the Closing Date pursuant to the Fee Letter.

  • Scheduled Closing Date Has the meaning specified in the Note Purchase Agreement.

  • Closing Payment has the meaning set forth in Section 2.2.