Developer Holdback Account

Example Definitions of "Developer Holdback Account"
Developer Holdback Account. An escrow account established with a title company or party mutually acceptable to the parties into which thirty percent (30%) of the Development Fee shall be paid, pursuant to Exhibit 6 and Harbor's share of Cost Savings shall be deposited pursuant to Paragraph 7
Found in CNL Healthcare Properties, Inc. contract
Developer Holdback Account. An escrow account established with a title company or party mutually acceptable to the parties into which fifty percent (50%) of the Development Fee shall be paid, pursuant to Exhibit 6.
Found in CNL Healthcare Properties, Inc. contract
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