Change in Household Size Sample Clauses

Change in Household Size. (a) The number of persons in a member’s household may change. The member must give prompt written notice of the change to the Co-op office. If the household size has decreased, the notice must give the names of the persons who no longer live in the unit. If the household size has increased, members must agree to a credit check of any new person in their household. The members must agree to a landlord, rent check or credit check and associated $20 fee of any new person in their household. The new person must sign a consent if the Co- op asks for it. Members must also give the Co-op any other reasonable information which the Co-op asks for. Members must give the notice, consent and other information promptly. (b) The maximum number who can live in each unit type is: three-bedroom 6 persons four-bedroom 8 persons These are the “Maximum Occupancy Standards”. (c) The minimum number of persons who can live in each unit type is: three-bedroom 3 persons four-bedroom 4 persons These are the “Minimum Occupancy Standards”. (d) If a member’s household does not meet these standards, the Board will normally require the household to move to a unit of the proper size. If the Co-op has an existing unit of the proper size, the Board will put the member at the top of the internal waiting list for that type of unit. The member must accept the first unit offered. However, the Board can decide not to require the household to move if: the situation is temporary, or the board decides that there are special circumstances that justify letting the household stay in the unit. (e) If the Board is going to consider a resolution to require the member to move, it must give the member ten days written notice of the meeting. (f) The member can attend and speak at the board meeting, or have a representative speak. The representative can be a lawyer or another person. The Board must deliver its decision in writing to the member. The member cannot appeal the board’s decision. (g) The Board can evict the member if: the member does not accept the first unit offered, or the board decides not to put the member on the internal waiting list because there are no units of a suitable size. The Board must use the procedures stated in Article 9 of this by-law. However, the Board can decide not to evict the member if: the situation is temporary, or the board decides that there are special circumstances that justify letting the household remain in the unit. (h) If the Board decides to evict the member, th...
Sample 1
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Change in Household Size a) The number of persons in a Member's household may change. The member must give prompt written notice of the change to the Co-op office. If there is an addition to the household, the notice must include the name of the person added, his or her age if under sixteen, and the relationship of that person to other household members. If the household size has decreased, the notice must give the names of the persons who no longer live in the unit. Members must agree to a credit check of any new person in their household. The new person must sign a consent if the Co-op asks for it. Members must also give the Co-op any other reasonable information which the Co-op asks for. Members must give the notice, consent and other information promptly, whether or not the Member has yet received from the Board any permission that may be required under Article 7 (Occupancy by Members).
Sample 1

Related to Change in Household Size

  • Change in Name The Purchaser shall intimate the Seller of any change in its name (on account reasons other than a change in its Control), immediately upon occurrence of name change. The Parties shall thereafter take necessary steps to record such change in the name of the Purchaser in the books and records of the Seller and shall also execute an amendment agreement to the Agreement to record such name change.

  • Change in Structure Except as expressly permitted under Section 6.3, no Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, amend any of its Organization Documents in any respect materially adverse to Agent or Lenders.

  • Change in Nature of Business Engage in any material line of business substantially different from those lines of business conducted by the Borrower and its Subsidiaries on the date hereof or any business substantially related or incidental thereto.

  • Change of Name or Location Merchant will not conduct Merchant’s businesses under any name other than as disclosed to the Processor and FUNDER, nor shall Merchant change any of its places of business without prior written consent by FUNDER.

  • Change in Management Permit a change in the senior management of Borrower.

  • Change of Location None of the Borrower or the Guarantors shall change the location of its chief executive office or the office where its corporate records are kept or open any new office for the conduct of its business on less than thirty (30) days prior written notice to the Agent.

  • Change in Business Borrower shall not enter into any line of business other than the ownership and operation of the Property, or make any material change in the scope or nature of its business objectives, purposes or operations, or undertake or participate in activities other than the continuance of its present business.

  • Change in Ownership of the Company A change in the ownership of the Company which occurs on the date that any one person, or more than one person acting as a group (“Person”), acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes more than 50% of the total voting power of the stock of the Company, except that any change in the ownership of the stock of the Company as a result of a private financing of the Company that is approved by the Board will not be considered a Change of Control; or

  • CHANGE OF T-PIN The Account Holder may change his T-PIN from time to time in accordance with the Bank’s prescribed procedure then prevailing. The Bank shall be entitled, in its reasonable discretion but without liability and without giving any reason, to reject any selection made by the Account Holder as his substituted T-PIN; if the Bank so approves, such substituted T-PIN, shall take effect from the time of receipt by the Bank of such instructions from the Account Holder. The Account Holder shall take all steps not to select such numbers as a substitute T-PIN which may easily be ascertained or otherwise facilitate fraud or forgery.

  • Change in Ownership of a Substantial Portion of the Company’s Assets A change in the ownership of a substantial portion of the Company’s assets which occurs on the date that any Person acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such Person or Persons) assets from the Company that have a total gross fair market value equal to or more than fifty percent (50%) of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions; provided, however, that for purposes of this subsection (c), the following will not constitute a change in the ownership of a substantial portion of the Company’s assets: (i) a transfer to an entity that is controlled by the Company’s stockholders immediately after the transfer, or (ii) a transfer of assets by the Company to: (A) a stockholder of the Company (immediately before the asset transfer) in exchange for or with respect to the Company’s stock, (B) an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company, (C) a Person, that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding stock of the Company, or (D) an entity, at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a Person described in this subsection (c)(ii)(C). For purposes of this subsection (c), gross fair market value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. For purposes of this definition, persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company. Notwithstanding the foregoing, a transaction will not be deemed a Change in Control unless the transaction qualifies as a change in control event within the meaning of Section 409A. Further and for the avoidance of doubt, a transaction will not constitute a Change in Control if: (x) its sole purpose is to change the jurisdiction of the Company’s incorporation, or (y) its sole purpose is to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such transaction.

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