Local Leasing Requirement Sample Clauses

Local Leasing Requirement. Except as otherwise provided in the Moab Municipal Code, Grantor shall lease one hundred percent (100%) of the residential units on the Property, if any, to either (i) Active Employment Households,” as that term is defined in Section 17.06.020 of the Moab Municipal Code or applicable successor ordinance or (ii) to students, faculty, or long- term visitors (more than 30 days) of any institution of higher education that is listed with the
Sample 1
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Local Leasing Requirement. Grantor shall lease 100% of the units in the Property to either (i) Active Employment Households,” as that term is defined in Section 17.06.020 of the Moab Municipal Code or applicable successor ordinance or (ii) to students, faculty, or long-term visitors (more than 30 days) of any institution of higher education that is listed with the U.S. Department of Education eligible to participate in the Title IV federal student aid programs where the person attends the institution from within Grand County. Those units that are leased to Active Employment Households shall be deemed “Active Employment Units.”
Sample 1
Local Leasing Requirement. Grantor shall lease fifty percent (50%) of the units in the Property to either (i) Active Employment Households,” as that term is defined in Section
Sample 1
Local Leasing Requirement a. Grantor shall lease fifty percent (50%) of the units in the Apartments to either (i) “Active Employment Households,” as that term is defined in Section 17.06.020 of the Moab Municipal Code; or (ii) to students, faculty, or long-term visitors (more than 30 days) of any institution of higher education that is listed with the U.S. Department of Education eligible to participate in the Title IV federal student aid programs where the person attends the institution from within Grand County. Provided, however, that the Parties acknowledge that it is the intent of Grantor to construct fifty-four (54) units, of which 50% or twenty-seven (27) units shall qualify as Active Employment Household units in accordance with Chapter 17.64 of the Moab Municipal Code. The Parties further agree that it is a condition precedent of this Agreement for Grantor construct a minimum of twenty-seven (27) units that satisfy the Active Employment Household requirements of Chapter 17.65 of the Moab Municipal Code. If Grantor reduces the number of proposed units to comply with development standard requirements or for any other reason, Grantor shall construct twenty-seven (27) Active Employment Household units regardless of the number of other units Grantor constructs. If Grantor expands the number of units in accordance with applicable development standards, 50% of the total number of units Grantor constructs shall qualify as Active Employment Household units in accordance with Chapter 17.64 of the Moab Municipal Code. If Grantor constructs twenty-seven (27) units or less, 100% of such units shall qualify as Active Employment Household units under Chapter 17.65 of the Moab Municipal Code. b. Those units that are leased to Active Employment Households shall be deemed “Active Employment Units” and shall comply with all provisions of the Moab Municipal Code that govern such units, including but not limited to Chapter 17.64. c. Notwithstanding subparagraph 1.b of this Agreement, the provisions of Section 17.64.020(c)(2) of the Moab Municipal Code requiring Active Employment Units to be roughly equivalent by number in type (e.g., studio, one bedroom, two bedroom, etc.) and in square footage to the non-Active Employment Units within the development shall not apply to the Apartments so long as the Apartments are not separately owned. If the Apartments or a portion of the Apartments are subsequently converted to individual residential units that are separately owned, the portion of the Apartme...
Sample 1
Local Leasing Requirement a. Grantor shall lease fifty percent (50%) of the units in the Apartments to either (i) “Active Employment Households,” as that term is defined in Section 17.06.020 of the Moab Municipal Code; or (ii) to students, faculty, or long-term visitors (more than 30 days) of any institution of higher education that is listed with the U.S. Department of Education eligible to participate in the Title IV federal student aid programs where the person attends the institution from within Grand County. Provided, however, that the Parties acknowledge that it is the intent of Grantor to construct sixty (60) units, of which 50% or thirty (30) units shall qualify as Active Employment Household units in accordance with Chapter 17.64 of the Moab Municipal Code. The Parties further agree that it is a condition precedent of this Agreement for Grantor construct a minimum of thirty (30) units that satisfy the Active Employment Household requirements of Chapter 17.65 of the Moab Municipal Code. If Grantor reduces the number of proposed units to comply with development standard requirements or for any other reason, Grantor shall construct thirty
Sample 1
Local Leasing Requirement a. Grantor shall lease or otherwise make available one hundred (100%) of any residential units that currently exist or that may exist on the Property to either (i) Active Employment Households,” as that term is defined in Section 17.06.020 of the Moab Municipal Code or applicable successor ordinance or (ii) to students, faculty, or long-term visitors (more than 30 days) of any institution of higher education that is listed with the U.S. Department of Education eligible to participate in the Title IV federal student aid programs where the person attends the institution from within Grand County. Those units that are leased to Active Employment Households shall be deemed “Active Employment Units.” b. The provisions of Section 1.a shall not apply to the Communal Living Facility so long as Grantor uses the facility for lodging and school purposes as authorized under Section
Sample 1

Related to Local Leasing Requirement

  • Staffing Requirements Licensee will be in full compliance with the main studio staff requirements as specified by the FCC.

  • Funding Requirements If Subrecipient receives funds pursuant to this Contract for more than one program, the funds received by Subrecipient for each program shall be expended only for that program, and Subrecipient shall not expend more funds for any program than are set forth in the Attachment C, Budget Schedule(s) for that program. Subrecipient shall operate continuously throughout the term of this Contract with at least the minimum number and type of staff and volunteers required for provision of the services described. Such staff and volunteers shall be qualified in accordance with all applicable statutes and regulations. Subrecipient agrees to submit to Administrator, upon request, a list of persons, including employees, subcontractors and volunteers, who are to provide such services, and any changes to said list, by name, title, professional degree, and experience.

  • Trunking Requirements The Parties will provide designed Interconnection facilities that meet the same technical criteria and service standards, such as probability of blocking in peak hours and transmission standards, in accordance with current industry standards.

  • W-9 Requirement Alongside a signed copy of this Agreement, Grantee will provide Florida Housing with a properly completed Internal Revenue Service (“IRS”) Form W-9. The purpose of the W-9 form is to document the SS# or FEIN# per the IRS. Note: W-9s submitted for any other entity name other than the Grantee’s will not be accepted.

  • Licensing Requirements (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Authorities”) pursuant to the provisions of the relevant gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the “Gaming Regulations”). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment by the Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Authorities pursuant to the terms of the relevant Gaming Act and as otherwise required by this Agreement. In the event Employee fails to apply for and secure, or the Authorities refuse to issue or renew Employee’s License, Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ refusal to renew or maintain Employee’s License arise as a result of any of the acts, omissions or events described in Section 1(c) of this Agreement, then Employer’s obligations under this Section 8 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

  • Training Requirements Grantee will: A. Authorize and require staff (including volunteers) to attend training, conferences, and meetings as directed by DSHS. B. Appropriately budget funds to meet training requirements in a timely manner, and ensure staff and volunteers are trained as specified in the training requirements listed at xxxxx://xxx.xxxx.xxxxx.xxx/hivstd/training/ and as otherwise specified by DSHS. Grantee shall document that these training requirements are met. C. Follow the appropriate DSHS POPS by funding opportunity (as per Section I: General Requirements for All Grantees) for training and observation requirements.

  • Bonding Requirements The Contractor is required to furnish a performance bond on the form in a form acceptable to the City, in a sum of not less than [insert bonding level] of the annual amount of the contract to guarantee the faithful performance of this contract. The bond must be approved as to sufficiency and qualifications of the surety by the Controller.

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