Eligible Tenants Sample Clauses

Eligible Tenants. Developer and the City have agreed that Developer shall be entitled to additional property tax abatement (and the Reduced Annual PILOT described in Section 2(b) above) if and to the extent that Developer can attract and lease portions of the Project to certain Project Employers as tenants of the Building. More specifically, the parties have agreed as follows: (a) For purposes of this Agreement, "Eligible Tenants" shall be deemed to be companies which have an average annual salary (including overtime and any bonuses) of at least Sixty-Five Thousand Dollars ($65,000) per full-time employee, and which company (i) shall each occupy no less than 20,000 square feet in the Building as Eligible Square Footage and which has not previously been located in the City of Overland Park, or (ii) if currently located in Overland Park, which are expanding or consolidating operations in a manner which the Project Employer has determined requires new office space and which is approved by the City pursuant to Section 6 of this Agreement, and which shall locate no less than one hundred (100) new Project Employees in the Eligible Square Footage in the Building, provided that such 100 Project Employees have an average annual salary (including overtime and any bonuses) of at least Sixty-Five Thousand Dollars ($65,000) per full-time employee. Any and all Eligible Tenants shall be dues-paying members of the Overland Park Chamber of Commerce and the Overland Park Economic Development Council and shall commit to the Hotel Requirement set forth in Section 15 below. (b) For an Eligible Tenant to be reviewed and confirmed by the City in time to result in Reduced Annual PILOTs as described in Section 2(b) above, Developer shall provide a copy of any Project Employer Office Leases with Eligible Tenants, along with all relevant information about the Eligible Tenants' Project Employees and annual salaries, on or before October 1st of the year prior to the taxable year in which Reduced Annual PILOTs are requested (the "Eligible Tenant Application Deadline"). If and to the extent that Developer delivers any Project Employer Office Leases with Eligible Tenants, along with all relevant information after the Eligible Tenant Application Deadline, then such Reduced Annual PILOTs shall not be considered in determining the Total Annual PILOTs until the next following taxable year.

Eligible Tenants. Only actively enrolled students at the University of Minnesota are eligible to reside in the West Bank Townhouses. Eligibility is determined solely by University. Each adult (an individual 18 years of age or older) living in the Townhouse must sign this Lease as a Tenant. The maximum number of eligible Tenants in each townhouse is two (2). Each individual Tenant must maintain eligibility for the duration of their residency. Notwithstanding the provisions in Section 3.1 below, this Lease will terminate with respect to a Tenant who loses their eligibility following University’s notice of termination to Tenant, which must be provided at least 60 days prior to the termination date specified in the notice. If there is an additional remaining Tenant who maintains eligibility, this Lease will continue with such remaining Tenant, unless said Tenant elects to terminate the Lease in accordance with Section 3.1 below.

Eligible Tenants. Eligible tenants/TBRA program participants are inmates with severe housing barriers who do not have current permanent placement and are now at risk of being homeless or are currently homeless. Each household must also meet the following requirements: (1) the household’s income must be at or below the 50% of Area Median Income; and (2) no appropriate housing options are identified for the household; and (3) the household lacks sufficient resources and support networks to immediately obtain housing.

Eligible Tenants. Only eligible employees at the University of Minnesota may live at Pillsbury Court. Eligibility is determined solely by University. Eligibility criteria is published on the Pillsbury Court website at ▇▇▇▇▇▇▇.▇▇▇.▇▇▇/▇▇▇▇▇▇▇▇▇. Additional Tenants may join the lease with the eligible Tenant. Each adult (an individual 18 years of age or older) living in the Townhouse must sign this Lease as a Tenant. At least one (1) Tenant must maintain eligibility for the duration of your residency in Pillsbury Court. This lease will terminate 60 days after no one (1) individual Tenant meets the eligibility requirements.

Eligible Tenants. To reserve the Community Center, all bookings must be made by a Lake Member in good standing, or by a non-Lake person, who will sign the contract and be always present at the event. The Business Office will have the right to decide any exceptions to this condition.

Eligible Tenants. It is expected that the Developer pursuant to the Marketing Plan shall find eligible tenants within thirty (30) days from completion of construction of the Apartments. If the Developer fails to find eligible tenants within thirty (30) days from the date of said construction completion, then the Developer shall meet with the West Tisbury Affordable Housing Committee to review the Marketing Plan and shall conduct such additional outreach or marketing efforts as shall be determined by said committee.

Eligible Tenants. All TBRA tenant households (“TBRA Tenant”) receiving assistance shall be low income households whose annual household income does not exceed sixty percent (60%) of the area median income, as established annually by HUD. Annual household income is defined as the combined annual household income anticipated by all adult members of the household aged eighteen

Eligible Tenants. (a) In addition to, and not in limitation of the provisions of the 1954 Code, the Owner declares its understanding, intent and agreement that the Project is to be owned, managed and operated to provide residential facilities for low- and middle-income families or persons in accordance with the Act for a period beginning on the date of issuance of the Bonds and ending on the last day any Bonds remain outstanding. (b) The City hereby represents, covenants and agrees as follows: (1) the City Council of the City, in accordance with the provisions of the Act, has determined that, for purposes of the Project, "low-and middle-income persons and families" within the meaning of the Act shall include any person whose adjusted gross income as set forth on such person's federal income tax return for the immediately preceding taxable year ("Adjusted Gross Income"), together with the Adjusted Gross Income of all persons who intend to reside with such person in one dwelling unit, did not, for the immediately preceding taxable year, exceed an amount equal to 175% of the Median Gross Income for the Area, adjusted for the number of persons who intend to reside in such dwelling unit in a manner consistent with making adjustments for family size for purposes of determining "low income families" under Section 8(f)(3) of the United States Housing Act of 1937, or such other amount as may be established from time to time by the City Council of the City, in accordance with the Act and this Section as the maximum amount constituting middle income within the meaning of the Act; and (2) in the event that the Median Gross Income for the Area for any year is less than the Median Gross Income for the Area for the immediately preceding year, the City Council may review the percentage of Median Gross Income for the Area which shall be the maximum amount constituting middle income within the meaning of the Act and may make such upward adjustments of such percentage as it shall deem reasonable and necessary and shall advise the Owner in writing of any such adjustments; provided, however, that the City shall provide the Owner and the Trustee with an opinion of Bond Counsel acceptable to the City, the Trustee and the Owner substantially to the effect that the adjusted amount will not adversely affect the validity of the Bonds or the exclusion from gross income for federal income tax purposes of the interest on the Bonds. (c) The Owner hereby represents, covenants and agrees as follows: (1) al...