Duty To Satisfy Remaining Affordable Housing Obligation Sample Clauses

Duty To Satisfy Remaining Affordable Housing Obligation. Developer represents and warrants that it is the successor in interest in title to the Project. Devloper further represents and warrants that it is subject to, bound by, and obligated to comply with the Affordable Housing Agreement, including but not limited to the Affordable Housing Obligation, and all covenants, reservations, and restrictions as set forth therein. As Developer has only partially satisified its Affordable Housing Obligation via payment of an in-lieu housing fee in the amount $1,863,300, Developer further represents and warrants that it remains obligated to satisfy the remainder of its Affordable Housing Obligation, which currently consists of the construction of nine (9) Affordable Units, or equivalent Altertiave Methods of Compliance, and that it agrees to satisfy the remainder of the Affordable Housing Obligatoin in strict accordance with the Affordable Housing Agreement and Balanced Communities Policy.
Sample 1
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Related to Duty To Satisfy Remaining Affordable Housing Obligation

  • Term The term of this Agreement will be ten (10) years from the Effective Date (as such term may be extended pursuant to Section 4.2, the “Term”).

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Indemnification In the event any Registrable Securities are included in a Registration Statement under this Agreement:

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

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