Income limitations Sample Clauses

Income limitations. (1) Each family purchasing a home constructed or sub- stantially rehabilitated under a pro- gram must have a family income on the date of purchase that does not ex- ceed the following limitations:
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Income limitations. For a period of thirty (30) years from December 31st of the year that any building in the Project is first placed in service or until [month] [day], [year], whichever is later (the “Affordability Period”). Notwithstanding the foregoing, OHCS may, at its sole discretion, extend the Affordability Period beyond [month day, year from sentence above], for periods of time matching corresponding periods of time during which OHCS determines Borrower to be in material noncompliance with any of the terms of this Agreement. Throughout the Affordability Period, Borrower will continuously rent or hold vacant for rent the following Qualified Units to households whose incomes are at or below the following levels of the area median income, adjusted by family size, as determined by OHCS based upon information from the U.S. Department of Housing and Urban Development (“HUD”) or other applicable source: Unit Type Number of Units Maximum Percent of Median Family Income as Determined by HUD Maximum Rent Standards as Determined by HUD 1 bedroom [#] 60% 60% 2 bedrooms [#] 60% 60% 3 bedrooms [#] 60% 60% Manager’s unit [#] N/A or 60% if unoccupied by managers N/A or 60% if unoccupied by managers
Sample 1
Income limitations. Throughout the Affordability Period as defined above, Owner will, in accordance with the terms of this Agreement and other applicable Project Requirements, continuously rent or hold vacant for rent the following Qualified Units to Residents whose incomes are at or below the following levels of the area median income, adjusted by family size, as determined by OHCS based upon information from HUD or other applicable source: Unit Type Number of Units Maximum Percent of Median Family Income as Determined by HUD Maximum Rent Standards as Determined by HUD 2 bedrooms [#] 60% 60% 3 bedrooms [#] 60% 60% Manager’s unit [#] N/A or 60% if unoccupied by managers N/A or 60% if unoccupied by managers
Sample 1
Income limitations. Throughout the Affordability Period, Borrower shall enter into the Homeowner Lease only with Qualified Homeowners, in accordance with the terms of this Agreement and the Program Requirements.
Sample 1
Income limitations. Throughout the Affordability Period as defined above, Owner will, in accordance with the terms of this Agreement and other applicable Program Requirements, continuously rent or hold vacant for rent the following Qualified Units to Residents whose incomes are at or below the following levels of the area median income, adjusted by family size, as determined by OHCS based upon information from the U.S. Department of Housing and Urban Development (“HUD”) or other applicable source: Unit Type Number of Units Maximum Percent of Median Family Income As Determined by HUD Maximum Rent Standard As Determined by HUD [#~] BR [#~]% [#~]% [#~] BR [#~]% [#~]% [#~] BR [#~]% [#~]% [#~] BR [#~]% [#~]% [Note: This table should reflect all Qualified Units, i.e., if LIHTC/Conduit Bond Financing in Project, reflect totality of restrictions.] * The maximum restricted-incomes for the Qualified Units reflected in the above table are based upon the rent- restriction election made by Owner in the Application as approved in the Reservation. Maximum restricted-incomes consistent with the foregoing standards are published by HUD, adjusted for family size and Project location. ** The maximum restricted-rents for the Qualified Units, as published by HUD, correspond to the elected income limits and Maximum Rent Standards reflected in the table, but actual rents for the Project may be lower depending on further election of lower rent levels and OHCS rent-approval requirements. Maximum restricted-rents applicable to the LIFT Program or other applicable funding may vary depending upon bedroom size and Project site. The table reflects gross rent limits. Net rents allowable to Owner hereunder are gross rents less an appropriate utility allowance, consistent with Program Requirements. *** The table shows maximum income and rent standards rounded up to the nearest percentile. The Owner has represented to OHCS in its Application that the rent and income levels will not exceed the maximums identified in the foregoing table and will otherwise comply with Program Requirements.
Sample 1

Related to Income limitations

  • Usage Limitations Services may be subject to other limitations, such as, for example, but without limiting the generality of the foregoing, limits on disk storage space, on the number of calls You are permitted to make against Our application programming interface, and, for Services that enable You to provide public websites, on the number of page views by visitors to those websites.

  • Time Limitations Neither Parent nor Acquisition Corp. shall have any liability (for indemnification or otherwise) with respect to any representation or warranty, or agreement to be performed and complied with prior to the Effective Time, unless on or before the two-year anniversary of the Effective Time (the “Claims Deadline”), Parent is given notice of a claim with respect thereto, in accordance with Section 8.05, specifying the factual basis therefor in reasonable detail to the extent then known by the Company Indemnified Parties.

  • Exceptions to Limitations These limitations of liability do not apply to breaches of confidentiality obligations, violations of a party’s Intellectual Property Rights by the other party, indemnification obligations, or Customer's payment obligations.

  • Transfer Limitations We may limit the dollar amount or the number of transfers from your account. Please consult your Truth-in-Savings Disclosure or your Electronic Fund Transfers Agreement and Disclosure.

  • Billing Limitations a. DSHS shall pay the Contractor only for authorized services provided in accordance with this Contract.

  • Service Limitations The FCC requires that Provider provide E911 Service to all Customers who use Provider Services within the United States. Sections 13.2-13.8 apply to all Customers who use Provider Services within the United States. Section 13.9 applies to all Customers.

  • Other Limitations Prior to the payment in full of the Debt, neither Borrower nor any of its Affiliates shall, without the prior written consent of Lender (which may be furnished or withheld at its sole and absolute discretion), give its consent or approval to any of the following actions or items:

  • Use Limitations Your license is solely for the purposes of creating, presenting, hosting, analyzing, viewing and delivering Events (as defined below) to Authorized Users, subject to any limitation of Seats (as defined below) specified in the Order Form. “Event” means a single live broadcast event transmitted over the SaaS Service created and/or sponsored in whole or substantial part by Customer or Customer’s employees that is branded under Customer’s name. The term “Events” shall include both live and archived Events. “Seat” means each Authorized User served by a stream of digitally encoded data that delivers an Event to such Authorized User in the SaaS Service and shall include an Authorized User’s access to live Events and archived Events but does not include an access to a downloaded archived Event. A limitation on a number of Seats limits the number of unique Authorized Users of the Service.

  • Exceptions and Limitations For the avoidance of doubt, where Exceptions and Limitations apply to Your use, this Public License does not apply, and You do not need to comply with its terms and conditions.

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