Housing Inventory Sample Clauses
The Housing Inventory clause defines the requirement for maintaining and providing a detailed list of all housing units or properties relevant to the agreement. Typically, this clause outlines the information that must be included in the inventory, such as addresses, unit types, occupancy status, and any distinguishing features or conditions. By establishing a clear and comprehensive record of available housing, this clause ensures transparency between parties and helps prevent disputes regarding the scope or status of the housing covered by the contract.
Housing Inventory. Permit the number of Speculative Housing Units, as at the end of any fiscal quarter, to exceed the greater of (a) the number of Housing Unit Closings occurring during the period of twelve (12) months ending on the last day of such fiscal quarter, multiplied by thirty percent (30%) or (b) the number of Housing Unit Closings occurring during the period of six (6) months ending on the last day of such fiscal quarter, multiplied by seventy percent (70%).
Housing Inventory. The Borrower shall not permit the number of Speculative Housing Units and Model Housing Units, as at the end of any fiscal quarter, to exceed the product of (i) the number of Housing Units closed during the period of six (6) months ending on the last day of such fiscal quarter, on an annualized basis, multiplied by (ii) forty-five percent (45%).
Housing Inventory. As of the end of each fiscal quarter of the Borrower, permit the number of Unsold Vertical Units to exceed the greater of (i) the number of Housing Unit Closings occurring during the period of twelve months ending on the last day of such fiscal quarter multiplied by 35% or (ii) the number of Housing Unit Closings occurring during the period of six months ending on the last day of such fiscal quarter multiplied by 70%.
Housing Inventory. The Borrower will not at any time permit the number of Inventory Housing Units to exceed twenty-five percent (25%) of the number of Housing Unit Closings during the preceding twelve (12) months.
Housing Inventory. Prior to the Third Amendment Effective Date, the Borrower shall not permit the number of Speculative Housing Units and Model Housing Units, as at the end of any fiscal quarter, to exceed the product of (i) the number of Housing Units closed during the period of six (6) months ending on the last day of such fiscal quarter, on an annualized basis, multiplied by (ii) fifty percent (50%), (y) from the Third Amendment Effective Date through and including September 29, 2024, the Borrower shall not permit the number of Speculative Housing Units and Model Housing Units, as at the end of any fiscal quarter, to exceed the product of (i) the greater of (A) the number of Housing Units closed during the period of six (6) months ending on the last day of such fiscal quarter, on an annualized basis, and (B) the number of Housing Units closed during the period of twelve (12) months ending on the last day of such fiscal quarter, multiplied by (ii) fifty percent (50%), and (z) thereafter, the Borrower shall not permit the number of Speculative Housing Units and Model Housing Units, as at the end of any fiscal quarter, to exceed the product of (i) the greater of (A) the number of Housing Units closed during the period of six (6) months ending on the last day of such fiscal quarter, on an annualized basis, and (B) the number of Housing Units closed during the period of twelve (12) months ending on the last day of such fiscal quarter, multiplied by (ii) sixty-five percent (65%).
Housing Inventory. The Borrower shall not, and shall not permit any Loan Party or Subsidiary to, permit the aggregate number of Speculative Housing Units and Model Housing Units included in the Borrowing Base, as at the end of any fiscal quarter, to exceed the number of Housing Unit Closings occurring during the period of twelve (12) months ending on the last day of such fiscal quarter multiplied by forty percent (40%). Notwithstanding anything to the contrary contained in this Agreement and the other Loan Documents, at all times the Parent Guaranty is in effect, the financial covenants set forth in this Section 10.1 shall be calculated and based on the consolidated financial position of the Parent and its Subsidiaries, and all references to “Borrower” in this Section 10.1 and the definitions used therein shall be deemed to be references to Parent.
Housing Inventory. In the December 2022 Biannual Report (pg. 62) the State reports work of several areas noted in the Housing Access Plan drafted by the SME in 2021. Included is a note about progress toward establishing an enhanced housing inventory resource. The Housing Service Workgroup has discussed the housing inventories currently being used in North Dakota. In doing so they have identified an opportunity to strengthen those resources by adding additional relevant information. The updated inventory tool will be based upon the existing MFP locator tool. The intent is to focus more heavily on data elements that are of most interest to housing facilitators and TPMs who self-direct their care to assess barriers, including not only if the unit is accessible, but what accessible features are in place. The inventory will identify properties by funding source and location, accessibility, unit size, and contact information for the property management company, if one exists. Another component of the new database will be to allow the State to add information regarding the units it has updated through home modifications. While housing facilitators currently add information to the database on units they are accessing that may not have been previously known, the State has no way, in the system, to indicate what units they have improved/modified. This is an essential piece moving forward so that all the accessible units available in any current market can be adequately tracked across the state. All housing facilitators have access to the current housing locator tool and use this as part of their daily work. This housing database is also available through the ADRL so the public also has access to the information (▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/quick-links). The State notes that in its data system that Referral and Transition Questionnaires have also been updated to gather more comprehensive data on housing stability and inventory of Permanent Supported Housing. Section XVI.B in the Settlement Agreement lists the following incidents that, “…will trigger reporting to the Agreement Coordinator, United States, and Subject Matter Expert within 7 days of the incident: • Deaths; • Life-threatening illnesses or injuries; • Alleged instances of abuse, neglect, or exploitation; • Changes in health or behavior that may jeopardize continued services; • Serious medication errors; • Illnesses or injuries that resulted from unsafe or unsanitary conditions; or, • Any other critical incident tha...
Housing Inventory. Subsection 7.13 of the Credit Agreement is amended to replace the words “thirty percent (30%)” with the words “forty percent (40%)” and to replace the words “sixty percent (60%)” with the words “eighty percent (80%).”
Housing Inventory. Subsection 7.13 is hereby amended and restated in its entirety as follows:
Housing Inventory. In the event that the Leverage Ratio exceeds 1.00:1, then the sum of the Speculative Units plus the Model Units shall not exceed thirty-five percent (35%) of the aggregate number of unit closings, as measured during the last twelve (12) month period at the end of each fiscal year. For the avoidance of doubt, this covenant supersedes the Third Amendment to Credit Agreement and Consent and Waiver dated as of August 14, 2007, which, to the extent not incorporated herein, shall be extinguished and of no further force or effect.