Home Improvement Contracts Sample Clauses

Home Improvement Contracts. The Home Improvement Contracts will have the following characteristics: (i) 100% are secured by a mortgage, deed of trust or security deed on the related real estate; (ii) none has a remaining maturity of more than 360 months; (iii) none has a final scheduled payment date later than May 2028; (iv) none of the Initial Home Improvement Contracts has a Contract Interest Rate less than 6.99%; and (v) none was originated before June 9, 1980. The weighted average (by Scheduled Principal Balance) of the Contract Interest Rates of Sub-Pool HI as of the Post-Funding Payment Date will not be more than 25 basis points less than the weighted average of the Contract Interest Rates of the Initial Home Improvement Contracts. None of the Subsequent Home Improvement Contracts will have a Contract Interest Rate less than 7.79%. Fixed Rate Home Equity Contracts. The Fixed Rate Home Equity Contracts will have the following characteristics: (i) 100% are secured by a mortgage, deed of trust or security deed on the related real estate; (ii) none has a remaining maturity of more than 360 months; (iii) none has a final scheduled payment date later than July 2028; and (iv) none of the Initial Fixed Rate Home Equity Contracts has a Contract Interest Rate less than 7.00%. The weighted average (by Scheduled Principal Balance) loan to value ratio of the Fixed Rate Home Equity Contracts as of the Post-Funding Payment Date will not be more than 200 basis points more than such ratio with respect to the Initial Fixed Rate Home Equity Contracts. The weighted average (by Scheduled Principal Balance) of the Contract Interest Rates of the Fixed Rate Home Equity Contracts as of the Post-Funding Payment Date will not be more than 25 basis points less than the weighted average of the Contract Interest Rates of the Initial Fixed Rate Home Equity Contracts. None of the Subsequent Fixed Rate Home Equity Contracts will have a Contract Interest Rate less than 7.80%. The percentage (by Scheduled Principal Balance) of the Fixed Rate Home Equity Contracts as of the Post-Funding Payment Date which are identified by the Company under its standard underwriting criteria as "B," "C," and "D" credits will not be more than 300 basis points, 200 basis points, and 100 basis points, respectively, more than the percentage of Initial Fixed Rate Home Equity Contracts identified as B, C, and D credits. Adjustable Rate Home Equity Contracts. The Adjustable Rate Home Equity Contracts will have the following characterist...

Home Improvement Contracts. Contractor shall have any form of home improvement contract it intends to use for the Program (including, for the avoidance of doubt, any revision or modification to a home improvement contract previously used in the Program) certified by a Responsible Officer as having been reviewed by Contractor’s counsel and determined to comply with all Applicable Laws (including laws requiring filing with or approval by any Governmental Authority) for each Territory, the Warranty and ownership support services requirements of this Agreement, and the requirements of the Program Specification (each such contract or revision, a “Home Improvement Contract”). Furthermore, Contractor shall provide each such Home Improvement Contract to GoodLeap and GoodLeap may review such Home Improvement Contract and, at its reasonable discretion, determine that such Home Improvement Contract is ineligible to be used in the Program. Contractor shall ensure that each Home Improvement Contract executed by a Consumer is identical to the applicable form Home Improvement Contract submitted to GoodLeap pursuant to the foregoing process. Nothing in this section shall satisfy or limit Contractor’s obligations under Section 4.10. Notwithstanding anything to the contrary contained herein, each Home Improvement Contract must include, at a minimum, the following info: (a) The construction license number for the applicable State if required by that State; (b) Warranty Information for the Solar System, when applicable; (c) A minimum of a 3-day Right to Cancel, or such longer period of time as required and in accordance with the applicable State or federal law. (d) The Project Description for the Project.

Home Improvement Contracts. Installer shall have any form of home improvement contract it intends to use for the Program (including, for the avoidance of doubt, any revision or modification to a home improvement contract previously used in the Program) certified by a Responsible Officer as having been reviewed by Installer’s counsel and determined to comply with all Applicable Laws (including laws requiring filing with or approval by any Governmental Authority) for each Territory, the Warranty and ownership support services requirements of this Agreement, and the requirements of the Program Specification (each such contract or revision, a “Home Improvement Contract”). Furthermore, Installer shall provide each such Home Improvement Contract to Loanpal and Loanpal may review such Home Improvement Contract and, at its reasonable discretion, determine that such Home Improvement Contract is ineligible to be used in the Program. Installer shall ensure that each Home Improvement Contract executed by a Consumer is identical to the applicable form Home Improvement Contract submitted to Loanpal pursuant to the foregoing process. Nothing in this section shall satisfy or limit Installer’s obligations under Section 4.1.1. Notwithstanding anything to the contrary contained herein, each Home Improvement Contract must include, at a minimum, the following info: (a) The construction license number for the applicable State if required by that State;

Home Improvement Contracts. By Cut-off Date Principal Balance, 17.82% of the Initial Home Improvement Contracts are secured by property located in California, 7.51% in Texas, 7.74% in New York and 6.27% in Michigan. No other state represents more than 5% of the aggregate Cut-off Date Principal Balances of the Initial Home Improvement Contracts. No more than 1% of the Home Improvement Contracts by Cut-off Date Principal Balance are secured by property located in an area with the same five-digit zip code. Fixed Rate Home Equity Contracts. By Cut-off Date Principal Balance, 9.66% of the Initial Fixed Rate Home Equity Contracts are secured by property located in California, 5.39% in Ohio, and 5.02% in Michigan. No other state represents more than 5% of the aggregate Cut-off Date Principal Balances of the Initial Fixed Rate Home Equity Contracts. No more than 1% of Fixed Rate Home Equity Contracts by Cut-off Date Principal Balance are secured by property located in an area with the same five- digit zip code. Adjustable Rate Home Equity Contracts. By Cut-off Date Principal Balance, 11.53% of the Initial Adjustable Rate Home Equity Contracts are secured by property located in Maryland, 5.27% in Ohio, 12.40% in California, 6.06% in North Carolina and 4.76% in Illinois. No other state represents more than 5% of the aggregate Cut-off Date Principal Balances of the Initial Adjustable Rate Home Equity Contracts. No more than 1% of the Adjustable Rate Home Equity Contracts by Cut-off Date Principal Balance are secured by property located in an area with the same five-digit zip code.

Home Improvement Contracts. By Cut-off Date Principal Balance, 19.48% of the Initial Home Improvement Contracts are secured by property located in California, 7.22% in New York, 6.25% in Florida, 6.03% in Michigan, 5.35% in Arizona, 5.31% in New Jersey and 5.19% in Pennsylvania. No other state represents more than 5% of the aggregate Cut-off Date Principal Balances of the Initial Home Improvement Contracts. No more than 1% of the Home Improvement Contracts by Cut-off Date Principal Balance are secured by property located in an area with the same five-digit zip code.

Home Improvement Contracts. By Cut-off Date Principal Balance, % of the Initial Home Improvement Contracts are secured by property located in California, 8.63% in New York, 6.40% in New Jersey, 5.43% in Texas, 5.12% in Florida and 5.11% in Michigan. No other state represents more than 5% of the aggregate Cut-off Date Principal Balances of the Initial Home Improvement Contracts. No more than 1% of the Home Improvement Contracts by Cut-off Date Principal Balance are secured by property located in an area with the same five-digit zip code. Fixed Rate Home Equity Contracts. By Cut-off Date Principal Balance, 6.74% of the Initial Fixed Rate Home Equity Contracts are secured by property located in Michigan, 6.34% in Illinois 6.33%, in California and 5.92% in Ohio. No other state represents more than 5% of the aggregate Cut-off Date Principal Balances of the Initial Fixed Rate Home Equity Contracts. No more than 1% of Fixed Rate Home Equity Contracts by Cut-off Date Principal Balance are secured by property located in an area with the same five-digit zip code.

Related to Home Improvement Contracts

Existing Improvements All improvements located on the Site as of the date of execution of the Construction Contract, whether above or below the surface of the ground, including but not limited to existing buildings, utilities, infrastructure improvements and other facilities.
Improvement Plans A professional improvement plan is a clearly articulated assistance program for a teacher whose student growth measure dimension of the evaluation is below the expected level of student growth. For the purposes of this agreement, improvement plans shall be based on the individual student growth measure level, and not for overall subjects or classes taught.
Construction Contracts Item A: Enter the total dollar amount of all contacts awarded on the project/ program. Item B: Enter the total dollar amount of contracts connected with this project/program that were awarded to Section 3 businesses.
Lessee Improvements Lessee shall prepare final plans and ------------------- specifications for construction of the Lessee Improvements desired by Lessee and shall deliver to Lessor by July 1, 1999, two (2) copies of such plans and specifications and the names of two proposed contractors to construct the Lessee Improvements for Lessor approval. Lessor will promptly either approve of the plans and specifications and the contractors, or communicate its objections, and if Lessor has objections, the Lessor will work diligently with Lessee to resolve any objections such that approval of the plans and specifications and names of contractors is given within fifteen (15) days of receipt. Lessor shall be deemed to have approved the plans and specifications and the contractors unless Lessor shall have provided written notice to Lessee of Lessor's objections thereto within fourteen (14) days following the delivery thereof by Lessee to Lessor. The Lessor approved final plans and specifications for the Lessee Improvements are herein called the "Lessee Improvements Final Plans and Specifications". All reasonable costs involved in approving, drafting and preparing the Lessee Improvements Final Plans and Specifications shall be charged against the Improvement Allowance described below. Lessor shall apply for building permits to construct the Lessee Improvements and will submit bid requests to the two contractors selected by Lessee and the contractor for the Shell Building Improvements no later than two (2) days following approval of the Lessee Improvements Final Plans and Specifications. Contractors will be required to submit their bids no later than thirty (30) days following receipt of the bid request. Lessee shall have fifteen (15) days from receipt of all bids to select the contractor for the Lessee Improvements. Except for immaterial field changes, modifications to the Lessee Improvements Final Plans and Specifications must be made and accepted only by written change order or agreement signed by Lessor and Lessee and will constitute an amendment to this Lease. Lessee shall be responsible for payment in advance of all work and construction resulting from changes in the Lessee Improvements Final Plans and Specifications requested by Lessee if the additional cost attributable to the changes exceed the Improvement Allowance by more than $3.00 as described in subparagraph (c) below. The Lessee Improvements Final Plans and Specifications (when approved by Lessor and Lessee) are incorporated in this Lease by reference. For the purpose of this Section, an "immaterial field change" shall mean such field changes which are required by any governmental authority or changes which (i) do not affect the size, configuration, structural integrity, quality, character, architectural appearance and standard of workmanship contemplated in the Lessee Improvements Final Plans and Specifications, (ii) will not result in any default in any obligation to any person or violation of any governmental requirements, and (iii) the cost of or reduction resulting from any single field change or extra does not exceed $5,000.00.
ALTERATIONS & IMPROVEMENTS Tenant shall not make any alterations, additions or improvements or do any type of construction to the Property without first obtaining Landlord's written consent. Unless prior written agreement is reached between Tenant and Landlord, any such alterations, additions, improvements or construction shall become part of the Property and shall remain at the expiration of Tenant's Lease term. If Landlord approves of alterations, additions, improvements or construction in writing and Tenant intends to use contractors to undertake such work, the contractors must first be approved in writing by Landlord. Tenant must also place any funds to cover the amount of any alterations, additions, improvements or construction in an escrow account approved by Landlord before the commencement of the work. Landlord shall designate the times and manner of the work being done, exclusively.
Critical Infrastructure Subcontracts For purposes of this Paragraph, the designated countries are China, Iran, North Korea, Russia, and any countries lawfully designated by the Governor as a threat to critical infrastructure. Pursuant to Section 113.002 of the Business and Commerce Code, Contractor shall not enter into a subcontract that will provide direct or remote access to or control of critical infrastructure, as defined by Section 113.001 of the Texas Business and Commerce Code, in this state, other than access specifically allowed for product warranty and support purposes to any subcontractor unless (i) neither the subcontractor nor its parent company, nor any affiliate of the subcontractor or its parent company, is majority owned or controlled by citizens or governmental entities of a designated country; and (ii) neither the subcontractor nor its parent company, nor any affiliate of the subcontractor or its parent company, is headquartered in a designated country. Contractor will notify the System Agency before entering into any subcontract that will provide direct or remote access to or control of critical infrastructure, as defined by Section 113.001 of the Texas Business & Commerce Code, in this state.
Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected.
Initial Improvements Subtenant may, at its option and subject to the provisions of the Prime Lease, including, without limitation, Article 8 thereof, complete certain initial improvements to prepare the Demised Premises for Subtenant’s occupancy thereof as described in the Work Letter Agreement attached hereto and made a part hereof as Exhibit B (the “Initial Improvements”), at Subtenant’s sole cost and expense without any contribution or improvement allowance from Sublandlord described in the Work Letter Agreement attached hereto and made a part hereof as Exhibit B); provided, however, Subtenant shall not make or permit anyone to make any Initial Improvements without the prior written consent of Sublandlord, which shall not be unreasonably withheld or delayed, and of Prime Landlord in accordance with the Prime Lease. In connection with the foregoing, Subtenant shall submit to Sublandlord, for prior written approval by Sublandlord, which shall not be unreasonably withheld or delayed, and Prime Landlord, complete plans and specifications for any and all Initial Improvements; including, without limitation, schematic designs and work drawings. Any and all costs and expenses associated with the acquisition of cabling, equipment, furniture, security systems, or other personal property for Subtenant or the Demised Premises or the installation or placement of any of the foregoing within the Demised Premises or with the project management for the performance of the Initial Improvements (collectively, “Subtenant’s Personal Property and Services”), shall be paid for by and be the sole responsibility of Subtenant. Sublandlord acknowledges and agrees that Subtenant shall not be required to remove any Initial Improvements upon the expiration or earlier termination of this Sublease unless the removal is required by Prime Landlord or Sublandlord is otherwise obligated to pay Prime Landlord the costs of any removal of any Initial Improvements pursuant to Section 8(e) of the Prime Lease.
Project Contracts Prior to the delivery of this Lease, the Company may have entered into a contract or contracts with respect to the acquisition and/or construction of the Improvements. Those contracts, and any such contracts entered into by the Company after delivery of this Lease are hereinafter referred to as the “Project Contracts.” Prior to the delivery hereof, certain work has been or may have been performed on the Improvements pursuant to said Project Contracts or otherwise. Subject to the Lender’s rights in the Project Contracts, the Company hereby conveys, transfers and assigns to the Issuer all of the Company’s rights in, but not its obligations under the Project Contracts and the Issuer hereby designates the Company as Issuer’s agent for the purpose of executing and performing the Project Contracts. After the execution hereof, the Company shall cause the Project Contracts to be fully performed by the contractor(s), subcontractor(s) and supplier(s) thereunder in accordance with the terms thereof, and the Company covenants to cause the Improvements to be acquired, constructed and/or completed in accordance with the Project Contracts. Any and all amounts received by the Issuer, the Trustee or the Company from any of the contractors or other suppliers by way of breach of contract, refunds or adjustments shall become a part of and be deposited in the Project Fund.
Improvements The buildings, structures, fixtures, additions, enlargements, extensions, modifications, repairs, replacements and improvements now or hereafter erected or located on the Land (collectively, the “Improvements”);

Home Improvement Contracts Sample Clauses

Filter & Search

Related Clauses

Parent Clauses

Sub-Clauses

Related to Home Improvement Contracts