Common use of AFTER PHASE-OUT PERIOD Clause in Contracts

AFTER PHASE-OUT PERIOD. 7.1 After the end of the Phase-out Period, the Proponent shall be permitted to rent Units in the Project to new tenants at rents agreed to by the Proponent and the new tenants. Schedule E-1 - Charge/Mortgage of Land - register in land titles/land registry system Schedule E-2 - Assignment of Rents - register in land titles/land registry system and PPSA Schedule E-3 - Security Agreement (chattels) - register in PPSA 1. All mortgages and security collateral thereto totaling principal amounts which do not exceed the total costs of the Development Activities incurred in connection with the Project. 2. Such easements and restrictive covenants as do not prevent the Project from being constructed or used as Affordable Housing. 3. Municipal agreements relating to the Development Activities in connection with the Project. Occupancy Date: A. Project Information B. Number of Units in Project Unit Type AHP Funded Rental Units (#) AHP Funded Supportive Units (#) Units Not Receiving AHP Funding (#) Total Number of Units (#)