Occupancy, Income and Rental Pricing Requirements Sample Clauses

Occupancy, Income and Rental Pricing Requirements. Prior to renting the first of the 000 X. Xxxx Street Units, the Lessee shall record Affordable rental restrictions for income ranges <80% of median income. These Affordable restrictions will be approved by the Jackson/Teton County Affordable Housing Department prior to recordation and before certificates of occupancy are issued for any portion of the project. Lessee shall determine whether a prospective Tenant is qualified and therefore eligible to rent each of the 000 X. Xxxx Street Units. Such determination shall be based upon the written applications, representations, information and verification as are deemed by Xxxxxx, in its sole discretion, to be necessary to establish and substantiate eligibility. No Tenant shall have the right to any appeal of such decision by Xxxxxx, and each Tenant applicant shall, by making the application, waive any such right he or she may otherwise have. No lease (or sub-lease in the case of an employer renting to an employee) for a 000 X. Xxxx Street Unit shall be renewed without the Tenant re-qualifying for such unit under the then applicable occupancy and income guidelines. In furtherance of the 000 X. Xxxx Street LLC’s commitment to keep the units occupied by qualified persons, the 000 X. Xxxx Street LLC will provide an annual report on the 000 X. Xxxx Street Units to the Housing Department that details household incomes served, demographics (i.e. number of adults, children and pets), and confirmation of employment, and any other information directly related to the 000 X. Xxxx Street Units that the Housing Department reasonably requests. Notwithstanding anything to the contrary herein, commensurate with the satisfaction in full of the Leasehold Mortgage, the Lessor and the Lessee shall assess the impact of the 000 X. Xxxx Street Project on the housing needs facing the community and, if deemed necessary by the mutual agreement of Lessor and Lessee, the applicable guidelines and policies may be adjusted to better respond to the housing needs of Teton County residents.
Sample 1
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Occupancy, Income and Rental Pricing Requirements. Prior to renting the first of the Scarlett Units, the Lessee shall establish, in its sole and absolute discretion, the occupancy, income and rental pricing of each Scarlett Unit in accordance with the policies of the Lessee and Internal Revenue Service guidelines in furtherance of the charitable purposes of Lessee, as amended. The rental pricing shall be determined in a manner that is consistent with the Department of Housing and Urban Development’s affordability standards and the charitable purposes of Lessee, as amended. The JHCHT is permitted to lease Scarlett Units to Teton County employers, provided that the employee to which the employer subleases the unit satisfies the occupancy and income policies of the JHCHT. Lessee shall determine whether a prospective Tenant is qualified and therefore eligible to rent each of the Sc arlett Units. Such determination shall be based upon the written applications, representations, information and verification as are deemed by Lessee, in its sole discretion, to be necessary to establish and subs tantiate eligibility. No Tenant shall have the right to any appeal of such decision by Lessee, and each Tenant applicant shall, by making the application, waive any such right he or she may otherwise have . No lease (or sub-lease in the case of an employer renting to an employee) for a Scarlett Unit shall be renewed without the Tenant re-qualifying for such unit under the then applicable occupancy and income guidelines. In furtherance of the Housing Trust’s commitment to keep the units occupied by qualified community members, the Housing Trust will provide an annual report on the Scarlett Units to the Housing Department that details household incomes served, demographics (i.e. number of adults, children and pets), and confirmation of employment, and any other information directly related to the Scar lett Units that the Housing Department reasonably requests. Notwithstanding anything to the contrary herein, commensurate with the satisfaction in full of the Leasehold Mortgage or the release of JHCHT as the guarantor of the Leasehold Mortgage, whichever occurs first, the Lessor and the Lessee shall assess the impact of the Xxxxxxx Street Rental Project on the housing needs facing the community and, if deemed necessary by the mutual agreement of Lessor and Lessee, the applicable guidelines and policies ma y be adjusted to better respond to the housing needs of Teton County residents.
Sample 1

Related to Occupancy, Income and Rental Pricing Requirements

  • SPECIAL CONTRACT REQUIREMENTS The Special Contract Requirements are provisions that relate directly to the performance of this contract.

  • Minimum Balance Requirements To be a member and maintain Accounts with Us You must purchase 1 share in the Credit Union. The par value of a share in this Credit Union is $10.00. If the balance in Your primary savings Account drops below 1 share ($10.00), at any time, We may, at Our option, close Your Account. Nonsufficient Funds Returns. Any check or pre-authorized transfer, or transaction made through the use of a debit card, or other electronic means, as is applicable (including any in-person transaction), that is presented to Us for payment on Your Account when Your Account lacks sufficient collected funds to pay any such item may, at Our option, be returned for nonsufficient funds or We may honor any such item and charge You a fee for doing so. Overdraft Balance Calculation. When processing transactions that debit or credit Your Account, We start each Business Day with Your final Account balance from the preceding Business Day. The final balance takes into Account all of the debit and credit transactions that were settled that Business Day pursuant to Our Funds Availability Policy, as well as any other debits or credits to Your Account that were finally settled that day, as described above in the "Deposit of Items" and "Collection and Processing of Items" sections of the Account Agreement. This starting balance at the beginning of a Business Day (the preceding Business Day's final balance) is sometimes referred to as Your "actual balance." As credits and debits to Your Account are received by Us, We add them to and subtract them from Your actual balance. Examples of credits include, but are not limited to, electronic direct deposits, check deposits that have been fully and finally collected, ACH credits that have settled that day, and cash deposits made to one of Our tellers. Examples of debits include, but are not limited to, checks drawn on Your Account that are presented to Us for payment together with such checks that are returned unpaid and subsequently represented for payment, electronic fund transfer (EFT) debit transactions (such as preauthorized payments and settled EFT debits) and all reinitiated electronic fund transfer (EFT) debit transactions (such as preauthorized payments), memo-posted EFT debits (EFT debits that We have authorized but which have not been settled), and all Credit Union fees and charges. As noted above, these examples are not an exhaustive list and should not be construed as such. The result of this calculation at any given point in time is called Your "available balance." For the purpose of determining whether an overdraft has occurred, We use Your available balance. First, We add all of the settled credit transactions to the beginning actual balance. Then, We subtract all of the debit transactions that settled that day. We also subtract all of the pending debit transactions. This determines the available balance for overdraft purposes. Each debit transaction that We process when Your Account has, or will have, a negative available balance is an overdraft, subject to an overdraft charge. Subject to applicable law, You are responsible for paying any overdraft fees and charges assessed in connection with Our payment of an overdraft, as well as any NSF fees charged to Your Account when We dishonor and return an item for non- sufficient funds. It is Your responsibility to know Your Account balance, and if You have any questions You should contact a Credit Union representative.

  • Space Requirements The Construction Administrator will conduct a review of the adequacy of space allotments for maintenance of mechanical, telephone, and fire protection equipment.

  • 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. Additional Services. Subrecipient also shall provide the following services to Older Individuals to whom it provides the services described herein in Attachment A with the consent of the Older Individual, or his or her representative, Subrecipient shall bring to the attention of appropriate officials for follow-up, conditions or circumstances which place the Older Individual, or the household of the Older Individual, in imminent danger. Nothing in this paragraph shall be construed to limit Subrecipient’s responsibilities for elder abuse reporting as set forth in this Contract. Coordination of services. Subrecipient shall assure that all services funded under this Contract are coordinated with other appropriate services in the community and that services funded under this Contract do not constitute unnecessary duplications of services provided by other sources. Coordination of resources. Subrecipient shall work collaboratively with County, particularly the Information and Assistance Program (I&A), to ensure that clients who may need any services available through Older Americans Act or Older Californians Act Programs are referred to I&A for assistance in accessing these services.

  • Specific Coverage Requirements The Contractor shall at a minimum carry insurance in the types and amounts indicated below for the duration of the Contract, including extension options and hold over periods, and during any warranty period. These insurance coverages are required minimums and are not intended to limit the responsibility or liability of the Contractor.

  • Minimum Site Requirements for TIPS Sales (when applicable to TIPS Sale). Cleanup: When performing work on site at a TIPS Member’s property, Vendor shall clean up and remove all debris and rubbish resulting from their work as required or directed by the TIPS Member or as agreed by the parties. Upon completion of work, the premises shall be left in good repair and an orderly, neat, clean and unobstructed condition. Preparation: Vendor shall not begin a project for which a TIPS Member has not prepared the site, unless Vendor does the preparation work at no cost, or until TIPS Member includes the cost of site preparation in the TIPS Sale Site preparation includes, but is not limited to: moving furniture, installing wiring for networks or power, and similar pre‐installation requirements. Registered Sex Offender Restrictions: For work to be performed at schools, Vendor agrees that no employee of Vendor or a subcontractor who has been adjudicated to be a registered sex offender will perform work at any time when students are, or reasonably expected to be, present unless otherwise agreed by the TIPS Member. Vendor agrees that a violation of this condition shall be considered a material breach and may result in the cancellation of the TIPS Sale at the TIPS Member’s discretion. Vendor must identify any additional costs associated with compliance of this term. If no costs are specified, compliance with this term will be provided at no additional charge. Safety Measures: Vendor shall take all reasonable precautions for the safety of employees on the worksite, and shall erect and properly maintain all necessary safeguards for protection of workers and the public. Vendor shall post warning signs against all hazards created by the operation and work in progress. Proper precautions shall be taken pursuant to state law and standard practices to protect workers, general public and existing structures from injury or damage. Smoking: Persons working under Agreement shall adhere to the TIPS Member’s or local smoking statutes, codes, ordinances, and policies.

  • Overtime requirements No contractor or subcontractor contracting for any part of the contract work which may require or involve the employment of laborers or mechanics shall require or permit any such laborer or mechanic in any workweek in which he or she is employed on such work to work in excess of forty hours in such workweek unless such laborer or mechanic receives compensation at a rate not less than one and one-half times the basic rate of pay for all hours worked in excess of forty hours in such workweek.

  • Age Requirements If you are a sole proprietor, and you are not old enough to enter into a contract on your own behalf (which is commonly but not always 18 years old), but you are 13 years old or older, your Representative must be your parent or legal guardian. If you are a legal entity that is owned, directly or indirectly, by an individual who is not old enough to enter into a contract on their own behalf, but the individual is 13 years old or older, your Representative must obtain the consent of either your board or an authorised officer. The approving board, authorised officer, parent or legal guardian is responsible to Stripe and is legally bound to this Agreement as if it had agreed to this Agreement itself. You must not use the Services if you are under 13 years of age.

  • Coverage Requirements (08/19) Contractor shall comply with the following insurance requirements:

  • Proof of Compliance with Workers’ Compensation Coverage Requirements An XXXXX form is NOT acceptable proof of workers’ compensation coverage. In order to provide proof of compliance with the requirements of the Workers’ Compensation Law pertaining to workers’ compensation coverage, a contractor shall:

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