Certificate Holders. Developer shall accept as tenants, on the same basis as all other prospective tenants, persons who are recipients of federal certificates or vouchers for rent subsidies pursuant to the existing housing programs under Section 8 of the United State Housing Act, or its successor. Developer shall not apply selection criteria to Section 8 Certificate or voucher holders that are more burdensome than criteria applied to all other prospective tenants, nor shall Developer apply or permit the application of management policies or lease provisions with respect to the Development which have the effect of precluding occupancy of units by such prospective tenants. INCOME CERTIFICATION: The income levels and other qualification of High and Low HOME rent tenants shall be certified prior to initial occupancy and recertified by Developer. Developer shall utilize the income calculation method required by HUD for households assisted by the HOME funds. INCREASES IN TENANT INCOME: Tenants occupying HOME assisted units whose annual incomes exceed eighty percent (80%) of median (that is they are no longer low income) may stay in their HOME-assisted apartments. Over income tenants (those who no longer qualify as low income) in HOME assisted units must pay the lessor of thirty percent (30%) of their adjusted monthly income for rent and utilities or the market rent. NOTE: Rents for over income tenants in projects financed with both HOME and Tax Credits are exempted from this provision. CONDOMINIUM CONVERSION: Developer shall not convert units to condominium or cooperative conversion rights to the property during the term of this contract.
Certificate Holders. In the initial rental of For-Rent Owner Affordable Housing Units, the Owner shall give a first-priority preference to Certificate Holders of Residential A Certificates and a second-priority preference to Certificate Holders of Residential C Certificates, each in the manner described in Section IV.A.3.g below.
Certificate Holders. In the subsequent rental of vacant For-Rent Owner Affordable Housing Units, the Owner shall give a first priority preference (as described in Subsection 3 below) to Certificate Holders (first, holders of Residential A Certificates, and second, holders of Residential C Certificates) who were on the Potential Tenant List for such Residential Units, and then to Certificate Holders who request to be included on the waiting list following completion of Rent-Up of such Residential Units.
Certificate Holders. In the initial sale of For-Sale Owner Affordable Housing Units, the Owner shall give a first-priority preference to Certificate Holders of Residential A Certificates and a second-priority preference to Certificate Holders of Residential C Certificates in the manner described in Section V.A.3.e below.
Certificate Holders. Developer shall accept as Low-Income Tenants, on the same basis as all other prospective Low-Income Tenants, persons and families that are recipients of federal certificates for rent subsidies pursuant to the existing program under Section 8 of the United States Housing Act of 1937, as amended, or its successor, and shall not apply selection criteria to Section 8 certificate holders that are more burdensome than the criteria applied to all other prospective Low-Income Tenants. Xxxxxxxxx agrees to modify the subleases for the Units, as necessary, to allow the rental of Units to Section 8 certificate holders.
Certificate Holders. Any notice to trust certificate holders shall be sufficient hereunder if addressed to such trust certificate holders at their respective addresses appearing on the transfer books of the Voting Trustees, and if deposited, postage prepaid, into the United States mails, or given by telex, facsimile or personal delivery. Every notice so given shall be effective whether or not received, and the date of mailing or other transmission shall be the date such notice is deemed given for all purposes.
Certificate Holders. BioReliance, 9900 Xxxxxxxxx Xxxx, Rockville, Maryland 20850; and County, Department of Public Works and Transportation, Division of Facilities & Services, 110 Xxxxx Xxxxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxx 00000.
Certificate Holders. [__________________________] By: ------------------------------------- Name: Title: By: ------------------------------------- Name: Title: EXHIBIT A to Trust Agreement FORM OF MASTER CERTIFICATE THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES OR "BLUE SKY" LAW, AND MAY NOT BE TRANSFERRED, SOLD OR OFFERED FOR SALE IN VIOLATION OF SUCH ACT OR LAWS. -------------------------- CERTIFICATE Evidencing an interest in the Trust Estate, as defined below. Number [ ] Dated ____________, 2000 Certificate Holder Amount: $_________ THIS CERTIFIES THAT __________________________________ (the "Certificate Holder") is the registered owner of a______________________Dollars ($_________) Certificate, or, if less the aggregate unpaid Certificate Holder Amount, evidencing an interest in the Trust Estate created pursuant to (and defined in) that certain Trust Agreement, dated ___________, 2000, (the "Trust Agreement") among the Persons listed on Schedule I thereto, as Certificate Holders and [TRUST COMPANY], [a __________ banking corporation], as Trustee, which creates the trust identified above. To the extent not otherwise defined herein, capitalized terms used herein shall have the meanings assigned to such terms in the Participation Agreement (as defined in the Trust Agreement), unless the context otherwise requires. This Certificate is being delivered pursuant to, is entitled to the benefits of, and is subject to the terms, provisions and conditions of, the Trust Agreement, to which Trust Agreement the holder of this Certificate by virtue of its acceptance hereof assents and by which such holder is bound. This Certificate entitles the registered owner hereof to the payment of a sum equal to the aggregate unpaid Certificate Holder Amount hereof, together with the Equity Return on said Certificate Holder Amount remaining unpaid from time to time from the date of this Certificate until payment hereof is made or duly provided. All payments of the Certificate Holder Amount hereof and Equity Return thereon shall be due and payable in such amounts and at the times provided in the Trust Agreement. EXHIBIT A to Trust Agreement Interest on any overdue Certificate Holder Amount and to the extent permitted by Applicable Law, Equity Return thereon shall be paid from the due date thereof at the Overdue Rate. All payments of Certificate Holder Amount and other amounts hereunder to be made by Trustee shall be made only from the ...
Certificate Holders. Lessor, 9900 Xxxxxxxxx Xxxx, Rockville, Maryland 20850, and County, Department of Public Works and Transportation, Division of Facilities & Services, 110 Xxxxx Xxxxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxx 00000.
Certificate Holders. Each holder of any Certificates shall cease to have any rights as a stockholder of the Company except as provided by this Article II or as provided by applicable law.
