OHCS Approval of Rental Rates Sample Clauses

OHCS Approval of Rental Rates. Agent may adjust Rents annually by submitting proposed adjustments in writing to OHCS for its approval, together with supporting documentation, both satisfactory to OHCS. Supporting documentation must include a current rent roll with respect to all Units. OHCS may approve, deny, or modify proposed adjustments at its discretion, subject to Program Requirements. Adjustment requests will be deemed approved if not denied or modified by OHCS within ninety (90) days of their receipt by OHCS. Notwithstanding the foregoing, any adjustments remain subject to readjustment by OHCS consistent with Program Requirements.
Sample 1
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OHCS Approval of Rental Rates. Owner may adjust Rents annually, subject to OHCS approval, by submitting proposed adjustments in writing to OHCS for its approval, together with supporting documentation, both satisfactory to OHCS. Supporting documentation must include a current rent roll with respect to all Units. OHCS may approve, deny, or modify proposed adjustments at its discretion, subject to Program Requirements. Adjustment requests will be deemed approved if not denied or modified by OHCS within ninety (90) days of their receipt by OHCS. Notwithstanding the foregoing, any adjustments remain subject to readjustment by OHCS consistent with Program Requirements.
Sample 1

Related to OHCS Approval of Rental Rates

  • Rental Rates and Wage Rates for Change Orders As soon as is practical, but prior to the completion of the Construction Preparation Period and in any event prior to the commencement of any Work on the Site, the Contractor shall submit in accordance with the style and format of a specimen to be furnished by the Owner for consideration of the Owner the following: (1) a proposal for rental rates on heavy construction equipment that shall apply in the event Change Order Work is performed, and (2) a proposal for wage rates for the types of project labor that shall apply in the event of the execution of any Change Order Work. Under penalty of false swearing, a principal of the contracting firm shall certify that the proposal for rental rates and proposal for wage rates do not exceed current costs for like services. The Owner will in no event consider a rental rate in excess of eighty percent of the rate set forth in the latest edition of the "Compilation of Nationally Averaged Rental Rates for Construction Equipment" of the Associated Equipment Distributors unless the rates proposed in excess of eighty percent are supported by proof satisfactory to the Owner that the excess rates are reasonable. If the equipment is owned by the Contractor the costs shall be charged at a maximum of eighty percent of market monthly rental rates for the amount of time used. If applicable, transportation costs may be included. The decision of the Owner shall be final, binding and conclusive on all parties. Rental rates shall be payable only for the actual time the equipment is required on the Site.

  • TIME OF COMMENCEMENT AND SUBSTANTIAL COMPLETION (i) The work under this Contract shall commence within seven (7) calendar days of receipt of Notice to Proceed and will be substantially complete within thirty (80) calendar days after the date when the Contract Time commences to run as provided in paragraph 2.03 of the General Conditions and completed and ready for final payment within ninety (90) calendar days after the date when the Contract Time commences to run.

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