Income-Restricted Units Sample Clauses

Income-Restricted Units. BUYER acknowledges and accepts that under the Special Permit for the Condominium there must be seven (7) income restricted units at 00-00 Xxxxxxx Xxxxxx, Somerville; eight (8) affordable units at 000 Xxxxxxx Xxxxxx; and nine (9) affordable units at 000-000 Xxxxxxx Xxxxxx. XXXXX also acknowledges and accepts that as a result of the restrictions contained on the ownership of these units, the percentage of undivided interest ascribed to these units will be lower than other, comparable market price units and that, therefore, the owner of these units will pay lower condominium fees than the owner of comparable, market price units.
Sample 1
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Income-Restricted Units. As a material inducement for the County Board’s willingness to enter into this Agreement, and in consideration of the County Board loaning the AHIF Acquisition Loan funds to the Borrower, the Borrower hereby covenants and agrees for itself, its successors and assigns that, for the duration of the AHIF Affordability Compliance Period, all residential units constructed and located on the Xxxxxxx Place Property that are made available for rent or sale to the general public shall be designated as Income-Restricted Units and shall either be (a) solely rented to and occupied by or, if vacant, available for occupancy by Eligible-Income Households, or (b) sold, pursuant to CPHD Housing Rules and Regulations, directly to Eligible-Income Households as affordable homeownership residential units, as applicable.
Sample 1
Income-Restricted Units. Borrower covenants and agrees that during the term of the Affordability Compliance Period, the rental rates charged of Tenants for any of the Income-Restricted Units in The Shell Apartments complex shall (A) be established in accordance with HUD rent limits set for Arlington County for imputed incomes at sixty percent (60%) AMI and fifty percent (50%) AMI, respectively, as set forth in Section 4.02(a), (B) be indexed for household income and adjusted for family size as described under the definition of “County Affordability Level,” and (C) not exceed the established affordability level for the gross rents, as published by HUD.
Sample 1
Income-Restricted Units. Borrower covenants and agrees that for the duration of the AHIF Affordability Compliance Period:
Sample 1

Related to Income-Restricted Units

  • INCOME RESTRICTIONS The Grantee agrees that any refunds, rebates, credits, or other amounts (including any interest thereon) accruing to or received by the Grantee under this Agreement shall be paid by the Grantee to the State, to the extent that they are properly allocable to costs for which the Grantee has been reimbursed by the State under this Agreement.

  • Units Interests in the Partnership shall be represented by Units. The Units initially are comprised of one Class: Class A Units. The General Partner may establish, from time to time in accordance with such procedures as the General Partner shall determine from time to time, other Classes, one or more series of any such Classes, or other Partnership securities with such designations, preferences, rights, powers and duties (which may be senior to existing Classes and series of Units or other Partnership securities), as shall be determined by the General Partner, including (i) the right to share in Profits and Losses or items thereof; (ii) the right to share in Partnership distributions; (iii) the rights upon dissolution and liquidation of the Partnership; (iv) whether, and the terms and conditions upon which, the Partnership may or shall be required to redeem the Units or other Partnership securities (including sinking fund provisions); (v) whether such Unit or other Partnership security is issued with the privilege of conversion or exchange and, if so, the terms and conditions of such conversion or exchange; (vi) the terms and conditions upon which each Unit or other Partnership security will be issued, evidenced by certificates and assigned or transferred; (vii) the method for determining the Total Percentage Interest as to such Units or other Partnership securities; and (viii) the right, if any, of the holder of each such Unit or other Partnership security to vote on Partnership matters, including matters relating to the relative designations, preferences, rights, powers and duties of such Units or other Partnership securities. Except as expressly provided in this Agreement to the contrary, any reference to “Units” shall include the Class A Units and any other Classes that may be established in accordance with this Agreement. All Units of a particular Class shall have identical rights in all respects as all other Units of such Class, except in each case as otherwise specified in this Agreement.

  • Age Restrictions Drivers must be 21 years of age or over.

  • Notification of Restrictions Notify the Business Associate of any restriction to the use or disclosure of PHI that County has agreed to in accordance with 45 CFR §164.522, to the extent that such restriction may affect the Business Associate’s use or disclosure of PHI.

  • License Grant and Restrictions You are granted a personal, limited, non-exclusive, non-transferable license, to electronically access and use the FinanceWorks Service (the “Service”) solely to manage your financial data, and the purchase rewards application (“Debit Rewards Offers”) to benefit from your debit card purchases. In addition to the FinanceWorks Service and the Debit Rewards Offers, the terms "Service" and “Debit Rewards Offers” also include any other programs, tools, internet-based services, components and any "updates" (for example, Service maintenance, Debit Rewards information, help content, bug fixes, or maintenance releases, etc.) of the Service or Debit Rewards Offers if and when they are made available to you by us or by our third party vendors. Certain Service and Debit Rewards Offers may be accompanied by, and will be subject to, additional terms and conditions. You are not licensed or permitted to do any of the following and you may not allow any third party to do any of the following: (i) access or attempt to access any other systems, programs or data that are not made available for public use; (ii) copy, reproduce, republish, upload, post, transmit, resell or distribute in any way the material from the FinanceWorks site or from the Debit Rewards Offers program; (iii) permit any third party to benefit from the use or functionality of the Service or Debit Rewards Offers, or any other services provided in connection with them, via a rental, lease, timesharing, service bureau, or other arrangement; (iv) transfer any of the rights granted to you under this license; (v) work around any technical limitations in the Service, use any tool to enable features or functionalities that are otherwise disabled in the Service, or decompile, disassemble, or otherwise reverse engineer the Service except as otherwise permitted by applicable law; (vi) perform or attempt to perform any actions that would interfere with the proper working of the Service or Debit Rewards Offers or any services provided in connection with them, prevent access to or the use of the Service, Debit Rewards Offers or any or services provided in connection with them by other licensees or customers, or impose an unreasonable or disproportionately large load on the infrastructure while using the Service; or (vii) otherwise use the Service, Debit Rewards Offers or any services provided in connection with them except as expressly allowed under this Section 1.

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