Developer Costs definition
Examples of Developer Costs in a sentence
The failure of Developer to pay or cause to be paid before delinquency any Developer Costs or other fees, charges, or payments due hereunder, or to observe or perform any of Developer’s financial covenants and obligations hereunder.
Clause 14.3 shall apply in respect of the payment of any Developer Costs relating to the terminated Work Package.
To the extent Developer is not able to secure sufficient third-party funds, (i) Developer shall have the right, but not the obligation, to either suspend the Project while it pursues additional third-party funds or advance its own funds for the payment of Developer Costs and (ii) the Project Fee shall accrue.
Developer shall be solely responsible for paying all Developer Costs.
If the Trustee approves a Project Reimbursement Request, then the Trustee shall authorize the prompt payment of funds from the Developer Costs Account to the Developer and promptly advise the Escrow Agent and Village of such payment.