Developer Payment definition

Developer Payment means an amount equal to $330,081, less actual ad valorem taxes paid in 2018 by Greenstone (or applicable Developer Assignee) with respect to the real property shown and described as Parcel J on Exhibit C attached to this Agreement, in cash to be paid for or caused to be paid by Greenstone.
View Source
Developer Payment means an amount of $450,000 in cash to be paid for or caused to be paid by Greenstone.
View Source
Developer Payment means an amount equal to Eight Hundred Twenty-Five Thousand Dollars ($825,000) plus interest at the rate equal to five percent (5%) which shall commence to accrue as of the date the Agency provides the Agency Contribution.
View Source

Examples of Developer Payment in a sentence

  • For example, if the Developer Payment was due in February 2011 and the most current available Index at the time of payment was 187.3 and the Index for January 2009 was 182.5, the balance of the Developer Payment per EDU would be calculated as follows: $4,150 ($5,000 less the $50, $250 and $550 per EDU if previously paid) x 187.3/182.5 x 1.02 = $4,344.33.

  • As used in this Section 1, the term "Developer Payment" shall mean an amount equal to Eight Hundred Twenty-Five Thousand Dollars ($825,000) plus interest at the rate equal to five percent (5%) which shall commence to accrue as of the date the Agency provides the Agency Contribution.

  • The first $1,000,000 of Surplus Moneys (the “Developer Payment”) shall be paid to ABPC, provided, however, that during the first and last Lease Years, such Developer Payment amount shall be prorated for the actual number of months in said years.

  • Fees for all Professional Services to be covered by the Developer Payment other than the services to be provided by the Town’s financial advisor and Town staff shall be evidenced by periodic invoices that describe the work performed by date and time entries (copies of which invoices shall be provided to Developer).

  • Developer has requested and NBU has approved a short extension of the Developer Payment Deadlines to provide the Parties additional time to complete their negotiations.

  • Coordinator understands that the balance of the Developer Payment with respect to each lot shall not be due until the lot receives final plat approval.

  • Conveyance of the land underlying the Hotel Deck and Hotel, respectively, shall be subject to separate purchase and sale agreements whereby the City shall purchase the Hotel Deck land for $378,000 and the Hotel land for $500,000, which purchases shall be partially defrayed by the Developer Payment.

  • At any time after receiving the Agency Contribution, the Developer, in its sole discretion, may terminate this Agreement by delivering written notice to the Agency and paying the Developer Payment to the Agency.

  • Developer acknowledges and agrees that NBU’s extension of the Developer Payment Deadlines by way of this Letter Agreement is not, and shall not be interpreted as, NBU’s approval of any other modifications to the CSA, all such proposed modifications to be brought before the NBU Board of Trustees for review, approval, and memorialization in a separate written agreement.

  • After the first 10,000 single family residential EDUs, the Developer Payment shall be made at the Final Plat Payment Time with respect to the relevant portion of the Land designated for single family residential homes and at the time of the commencement of vertical development for multi-family dwellings and all other relevant commercial or industrial buildings on the portion of the Land.

Related to Developer Payment

  • Improper Payment means: (a) any payment, offer, gift or promise to pay or authorization of the payment or transfer of other things of value, including without limitation any portion of the compensation, fees or reimbursements received hereunder or the provision of any service, gift or entertainment, directly or indirectly to (i) a Government Official; (ii) any director, officer, employee or commercial partner of a Party or its Affiliates; or, (iii) any other person at the suggestion, request or direction or for the benefit of any of the above-described persons and entities, for purposes of obtaining or influencing official actions or decisions or securing any improper advantage in order to obtain, retain or direct business; (b) payments made and expenses incurred in connection with performance of obligations under this Agreement that are not made and recorded with sufficient accuracy, detail, and control to meet the standards in applicable Anti-Corruption Laws; or, (c) any other transaction in violation of applicable Anti- Corruption Laws.

  • Delta Payment means as it is described in this Agreement.

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • LWDA PAGA Payment means the 75% of the PAGA Penalties paid to the LWDA under Labor Code section 2699, subd. (i).

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a