Development Management Fee definition

Development Management Fee means the development management fee payable to the Manager which is determined in accordance with Clause 15.6;
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Development Management Fee means a development management fee as set out in the Project Cash Flow but which over the course of the Development the average fee shall not exceed a sum equivalent to 2.6 per cent of total Development Costs, such fee being due to the Developer quarterly in arrears for so long as Development Costs are incurred;
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Development Management Fee has the meaning set forth in Section 5.2.
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Examples of Development Management Fee in a sentence

  • The Development Management Fee shall equal 4.0% of the cost to develop, construct or improve any Real Property on behalf of the Company.

  • The Advisor may hire third parties to assist the Advisor in performing these oversight services, in which case the Advisor will compensate the third party from its Development Management Fee.

  • The Advisor and the Company may also agree for the Company to engage a third party to provided these services directly, in which case the Advisor shall not receive a Development Management Fee.

  • The Advisor shall receive as compensation for services provided by the Advisor, its Affiliates, or sub-contractors thereof in connection with overseeing the development, construction and improvement, including tenant improvements, of Real Properties by third parties on behalf of the Company a Development Management Fee payable by the Company.

  • The Development Management Fee shall be paid as follows (i) twenty-five percent (25%) upon the commencement of construction of the Public Parking Garage, and (ii) the remaining seventy-five percent (75%) in equal monthly payments over the term of the Parking Garage Project, as reflected in the Project Construction Schedule and as adjusted to take into account any change orders or other modifications to the Approved Project Budget.


More Definitions of Development Management Fee

Development Management Fee is defined in Section 7.10.
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Development Management Fee shall have the meaning set forth in Section 4.10.
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Development Management Fee means a fee equal to five and one-half percent (5.0%) of the Total Project Costs.
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Development Management Fee means a fee payable to the Property Advisor in accordance with a Development Management
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Development Management Fee means an amount equal to 2 per cent. of the aggregate of the “Contract Sums” under the Building Contracts (including any equivalent sums incurred prior to the letting of the Building Contract, to include consultants' and subcontractors' fees and 7 per cent. of preliminaries and subcontract costs by way of ▇▇▇▇ up for overheads and profit)9 (which amount the Developer shall be entitled to retain)
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Development Management Fee means development management fees for Development Projects undertaken and managed by the Manager on behalf of CIT.
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Development Management Fee means a fee received by the Partnership, as appropriate and when underwriting allows, at the close of any future significant financing event when such financing includes significant rehabilitation, construction or development work. The initial Development Management Fee will be approximately $1,500,000, less any transfer taxes and recording fees paid in connection with the Purchase Agreement.
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