Individual Purchasers: Lot Grading Sample Clauses

Individual Purchasers: Lot Grading. Purchasers of any Lot within the Plan acknowledge that in the event that the Lot being purchased is not landscaped at the time of closing, it will be the responsibility of the Builder to complete the Lot Grading including, but not limiting the generality of the foregoing, topsoiling, sodding, paving of the driveway from the road to the garage and the installation of a retaining wall, where applicable, for the Lot within twelve (12) months of the date of the issuance of the occupancy permit for the Lot pursuant to the Building Code. Upon completion of the landscaping referred to in this Agreement as Lot Grading, and upon certification by the Developer’s Engineer and acceptance by the Town evidenced by the issuance of a Lot Grading Certificate by the Town’s Engineer, the Builder shall provide the purchaser with a copy of the Lot Grading Certificate and a copy of the approved lot grading plan for the Lot. Purchasers of any Lot within the Plan acknowledge that until issuance of the Lot Grading Certificate, the Purchaser must not install fences, sheds, pools, concrete, brick or stone walkways, decks, foundation plantings or any other landscape features without written consent of the Builder. The Purchaser cannot make, change or alter the property in a manner that would affect its compliance with the lot grading plan for the property or which adversely affect the lot grading of any abutting property. Purchasers of any Lot within the Plan acknowledge that the Developer and Builder shall not require the purchaser to install any of the Works required under this Agreement or include the cost of any of the Works required by the Agreement. This includes without limiting the generality of the foregoing, water meters, back flow preventors, pressure reducing valves, driveway paving from road to garage, sodding, municipal fencing, retaining walls, boulevard trees as a direct or extra charge to any purchaser of a Lot on the Plan.
Sample 1
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Related to Individual Purchasers: Lot Grading

  • Eligible Purchasers This Master Contract may be utilized by any of the following types of entities (“Purchaser”):

  • Purchasers On or prior to the Closing Date, each Purchaser shall deliver or cause to be delivered to the Company the following:

  • PURCHASER’S PROPERTY 6.1. Materials such as components, machinery, tools, models, moulds, jigs and fixtures, accessories or others which may bemade available to the Supplier by the Purchaser for the purposes of the Contract shall be under the Supplier's responsibility; the Supplier shall take out insurance against any damage that they might suffer and shall clearly mark them and record them as being the property of the Purchaser.

  • SERS PICK-UP A. For purposes of this Article, total annual salary and salary per pay period for each member shall be the salary otherwise payable under this Agreement, as amended. The total annual salary and salary per pay period of each member shall be payable by the Board in two parts: (1) deferred salary and (2) cash salary. A member’s deferred salary shall be equal to that percentage of said member’s total annual salary or salary per pay period which is required from time to time by the State Employment Retirement System (“SERS”) to be paid as an employee contribution by said member and shall be paid by the Board to SERS on behalf of said member as a “pickup” of the SERS employee contribution otherwise payable by said member. A member’s cash salary shall be equal to said member’s total annual salary or salary per pay period less the amount, subject to applicable payroll deductions, to said member. The Board’s total combined expenditures for members’ total annual salaries otherwise payable under this Agreement, as amended, (including pickup amounts) and its employer contributions to SERS shall not be greater than the amounts it would have paid for those items had this provision not been in effect.

  • Purchaser 2.1 Full Name:

  • Qualifying Mortgage Loans In order for a mortgage loan to be a Qualifying Loan it must meet all of the following criteria, which must be confirmed by the lender: • The collateral securing the mortgage loan is owner-occupied and the owner’s primary residence; and • The mortgagor has a first priority lien on the collateral; and • Either the borrower is at least 60 days delinquent or a default is reasonably foreseeable. Modification Process The lender shall undertake a review of its mortgage loan portfolio to identify Qualifying Loans. For each Qualifying Loan, the lender shall determine the net present value of the modified loan and, if it will exceed the net present value of the foreclosed collateral upon disposition, then the Qualifying Loan shall be modified so as to reduce the borrower’s monthly DTI Ratio to no more than 31% at the time of the modification. To achieve this, the lender shall use a combination of interest rate reduction, term extension and principal forbearance, as necessary. The borrower’s monthly DTI Ratio shall be a percentage calculated by dividing the borrower’s monthly income by the borrower’s monthly housing payment (including principal, interest, taxes and insurance). For these purposes, (1) the borrower’s monthly income shall be the amount of the borrower’s (along with any co-borrowers’) documented and verified gross monthly income, and (2) the borrower’s monthly housing payment shall be the amount required to pay monthly principal and interest plus one-twelfth of the then current annual amount required to pay real property taxes and homeowner’s insurance with respect to the collateral. In order to calculate the monthly principal payment, the lender shall capitalize to the outstanding principal balance of the Qualifying Loan the amount of all delinquent interest, delinquent taxes, past due insurance premiums, third party fees and (without duplication) escrow advances (such amount, the “Capitalized Balance”). In order to achieve the goal of reducing the DTI Ratio to 31%, the lender shall take the following steps in the following order of priority with respect to each Qualifying Loan:

  • Purchaser’s Conditions The respective obligation of each Purchaser to consummate the purchase of the Purchased Units shall be subject to the satisfaction on or prior to the Closing Date of each of the following conditions (any or all of which may be waived by such Purchaser in writing, in whole or in part with respect to its Purchased Units, to the extent permitted by applicable Law):

  • The Purchaser (a) is not an employee benefit or other plan subject to the prohibited transaction provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), or Section 4975 of the Internal Revenue Code of 1986, as amended (a "Plan"), or any other person (including an investment manager, a named fiduciary or a trustee of any Plan) acting, directly or indirectly, on behalf of or purchasing any Certificate with "plan assets" of any Plan within the meaning of the Department of Labor ("DOL") regulation at 29 C.F.R. ss.2510.3-101; or

  • Shipping must be Freight On Board Destination to the delivery location designated on the Customer purchase order The Contractor will retain title and control of all goods until delivery is completed and the Customer has accepted the delivery. All risk of transportation and all related charges are the responsibility of the Contractor. The Customer will notify the Contractor and H-GAC promptly of any damaged goods and will assist the Contractor in arranging for inspection. The Contractor must file all claims for visible or concealed damage. Unless otherwise stated in the Agreement, deliveries must consist only of new and unused merchandise.

  • Total Purchase Price (High Bid + Buyer’s Premium) $

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