Eligibility of Purchaser Sample Clauses

Eligibility of Purchaser. A Proposed Purchaser who meets the following requirements shall be an “Eligible Purchaser”: a. Each Proposed Purchaser shall certify to City in a form acceptable to City that he or she will occupy the Residence as his or her principal residence; b. Each Proposed Purchaser shall not own any other real property; and c. The combined maximum income for all household members of the Proposed Purchaser qualifies as a Moderate Income Household in accordance with HCD Laws/Regulations. d. At least one member of the household must be aged 62 years or older.
Sample 1
AutoNDA by SimpleDocs
Eligibility of Purchaser. The Purchaser is either an "accredited investor," as that term is defined in ' 230.501(a) of the Regulations of the Securities and Exchange Commission ("SEC"), or a person described in ' 230.506(b)(ii) of such Regulations.
Sample 1
Eligibility of Purchaser. 6 4.4 Opportunity to Investigate..................................... 6 4.5
Sample 1
Eligibility of Purchaser. A purchaser who meets the following requirements shall be an Eligible Purchaser ("Eligible Purchaser"): 1. Each purchaser shall certify that he or she will occupy the Residence as his or her principal residence. The Residence shall be considered the principal residence of the purchaser if the purchaser lives in the Residence for at least ten (10) months out of each calendar year. 2. The combined income for all household members of the purchaser does not exceed the lesser of (i) percent ( %) of median income of Alameda County, adjusted for actual household size, as published by the California Department of Housing and Community Development, or (ii) the qualifying limits for lower income households as established and amended from time to time pursuant to Section 8 of the United States Housing Act of 1937, adjusted for actual household size, as published by the California Department of Housing and Community Development.
Sample 1
Eligibility of Purchaser. The Purchaser represents and warrants that it, and/or any affiliated owners, shareholders or members are not: (a) under 18 years of age; (b) an employee of the MIDDD, MCPW or Macomb County; or (c) an agent or immediate member of the household of an employee of the MIDDD, MCPW or Macomb County. For breach of this warranty, the MIDDD shall have the right to terminate this Agreement without and further liability on the part of the MIDDD and Purchaser shall be deemed to be in default as provided in Paragraph 12 below.
Sample 1
Eligibility of Purchaser. (1) A proposed purchaser (“Proposed Purchaser”) who meets the following requirements shall be an Eligible Purchaser: (a) The Proposed Purchaser will occupy the Property as his or her principal residence; (b) The Proposed Purchaser does not own any other residential property as of the date of the Transfer; and (c) The combined maximum income for all household members of the Proposed Purchaser does not exceed 50% or 80% [OR, “100%” if moderate income unit, whichever applies] of the median income for the City of West Hollywood as determined by the Decennial Census and adjusted annually based on the Consumer Price Index (CPI).
Sample 1

Related to Eligibility of Purchaser

  • Representation of Purchasers You will act for the several Purchasers in connection with this purchase, and any action under this Agreement taken by you will be binding upon all the Purchasers.

  • Representations and Warranties by the Selling Shareholder The Selling Shareholder represents and warrants to, and agrees with, the Company, the Winning Bidder(s) and each Placement Agent at each Representation Date as follows:

  • REPRESENTATIONS AND WARRANTIES OF PURCHASER Purchaser hereby represents and warrants to Seller as follows:

  • REPRESENTATIONS AND WARRANTIES OF PURCHASERS Each Purchaser hereby represents and warrants to the Company as follows:

  • Representations and Warranties by the Selling Shareholders Each Selling Shareholder severally represents and warrants to the Underwriter as of the date hereof, as of the Applicable Time, as of the Closing Time, and agrees with the Underwriter, as follows:

  • Representations of Purchaser Purchaser acknowledges that Purchaser has received, read and understood the Plan and the Option Agreement and agrees to abide by and be bound by their terms and conditions.

  • Determination of Purchase Price The Securities Administrator will be responsible for determining the Purchase Price for any Mortgage Loan that is sold by the Trust or with respect to which provision is made for the escrow of funds pursuant to this Section 2.03 and shall at the time of any purchase or escrow certify such amounts to the Depositor; provided that the Securities Administrator may consult with the Servicer to determine the Purchase Price unless the Servicer is the Purchaser of such Mortgage Loan. If, for whatever reason, the Securities Administrator shall determine that there is a miscalculation of the amount to be paid to the Trust, the Securities Administrator shall from monies in a Distribution Account return any overpayment that the Trust received as a result of such miscalculation to the applicable Purchaser upon the discovery of such overpayment, and the Securities Administrator shall collect from the applicable Purchaser for deposit to the Securities Account any underpayment that resulted from such miscalculation upon the discovery of such underpayment. Recovery may be made either directly or by set-off of all or any part of such underpayment against amounts owed by the Trust to such Purchaser.

  • Experience of Purchaser Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

  • Status of Purchaser The Purchaser is a corporation duly incorporated, validly existing and in good standing and has the power and capacity to enter into this Agreement and carry out its terms; and

  • Representations and Warrantees of Price Associates Price Associates represents and warrants to the Fund that: 1. It is a corporation duly organized and existing in good standing under the laws of Maryland. 2. It is duly qualified to carry on its business in Maryland. 3. It is empowered under applicable laws and by its charter and By-Laws to enter into and perform this Agreement. 4. All requisite corporate proceedings have been taken to authorize it to enter into and perform this Agreement. 5. It has, and will continue to have, access to the necessary facilities, equipment and personnel to perform its duties and obligations under this Agreement. 6. The Services provided under this Agreement are different from, and not duplicative of, the BNY Mellon Services. The Services provided under this Agreement are in addition to and not duplicative of the services required to be performed by Price Associates under the Investment Management Agreement between Price Associates and the Fund (the “Investment Management Agreement”).

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!