EQR has operated and intends to continue to operate in such a manner as to qualify to be taxed as a “real estate investment trust” under the Code.
EQR. ERP and each of their respective subsidiaries are duly qualified or registered as a foreign partnership, corporation, trust or limited liability company and are in good standing to transact business in each jurisdiction in which such qualification is required, whether by the nature of their respective business or their respective ownership or leasing of property, except where the failure to so qualify would not have a Material Adverse Effect.
EQR intends to apply the net proceeds from the sale of the Program Shares substantially in accordance with the description set forth in the Registration Statement and Prospectus under the heading “Use of Proceeds.”
EQR. ERP and each of their respective subsidiaries have been duly incorporated or formed and are validly existing and are in good standing as a partnership, corporation, trust or limited liability company under the laws of their respective jurisdiction of organization, with partnership, corporate trust or limited liability company power and authority to own, lease and operate their respective properties and conduct their respective business as described in the Prospectus, and EQR has the real estate investment trust power and authority and ERP has the partnership power and authority to enter into and perform their obligations under this Agreement.
EQR. The parties agree that, based on the certified October, 2022 student population, GMS has been determined to have an EQR count of 7.14 EQR (357 students x 0.02) leaving a water dedication and water tap fee credit of 2.86 EQR; and b. The School District received credit for 10 EQR for water right dedication and water service tap fees for RHES and paid sewer tap fees for
EQR. Therefore, a total of 14.84 EQR of water dedication fee credit and water tap fee credit is presently attributable to the Property for school uses. The above calculations include and are based on the School District having been credited a cumulative water right dedication fee and water tap fee for the Property for school uses for 30.0 EQR (10 EQR for water right dedication and water service taps for each of GES, RHES and the Third School). The School District may use the excess 14.84 EQR for any school uses on the Property including increased student populations at GMS and RHES.
EQR and each of its subsidiaries has been duly incorporated or formed and is validly existing and is in good standing as a partnership, corporation or limited liability company under the laws of its jurisdiction of organization, with partnership, corporate or limited liability company power and authority to own, lease and operate its properties and conduct its business as described in the Prospectus, and each of EQR and ERP has the power and authority to enter into and perform its obligations under this Agreement.
EQR and each of its subsidiaries is duly qualified or registered as a foreign organization to transact business and is in good standing in each jurisdiction in which such qualification is required, whether by the nature of its business or its ownership or leasing of property, except where the failure to so qualify would not have a Material Adverse Effect.
EQR. (1.5 x 1 lot). The amount of Water Rights Dedication Fee due at the time of Final Plat approval shall be $10,500 ($7,000 x 1.5 EQR). Pursuant to the Code, final payment of water rights dedication fees is to occur at the time of building permit.
EQR metric parameters E0 and E1 (File code names ‘FEZERO’ & ‘FEONE’) An observed (O) metric value is normalised into any EQR using the formula in equation (1), repeated here: EQR = where O = observed value, O − E0 E1 − E0 (equation 1) E1 = Reference condition value (= value of metric for which EQR = 1) and E0 = value of metric for which EQR = 0 The E0 values to be used for each site/waterbody for each used metric must be read from a User- specified EXCEL file of any chosen name, but referred to here as the ‘FEZERO’ file. The E1 values to be used for each site/waterbody for each used metric must be read from a User- specified EXCEL file of any chosen name, but referred to here as the ‘FEONE’ file.
