Orangewood Project Sample Clauses

Orangewood Project. (i) Substantially concurrently with Developer’s first Application to TCAC for 9% Tax Credits for the Manchester Project, Developer shall submit a complete 9% Tax Credit Application for the Orangewood Project (which Application shall be consistent with the terms of this Agreement) to TCAC on or before the TCAC deadline for such submission next following the Date of Agreement. (ii) In the event Developer does not receive an allocation of 9% Tax Credits for the Orangewood Project based on Developer’s first Application submittal to TCAC, Authority and Developer shall meet and confer in good faith to determine if another method of financing and sources of funding of the Orangewood Project are available and preferable to the method and sources set forth herein. After such meeting(s) with Developer, Authority shall, at its reasonable discretion but sole option, either: (i) allow Developer to submit a second Application to TCAC for 9% Tax Credits for the Orangewood Project, on or before the deadline immediately following the notice from TCAC that Developer has not received an allocation of 9% Tax Credits for the Orangewood Project, (ii) negotiate with Developer regarding potential alternative financing methods for and sources of funding of the Orangewood Project, or (iii) terminate this Agreement pursuant to Section 605. Upon such termination Developer shall deliver true and legible copies or originals of all Development Plans, architectural drawings, and other plans and documents related to planning design and construction of the Manchester Project and the Orangewood Project. (iii) If Developer is permitted to submit a second Application for 9% Tax Credits and does not receive an allocation of 9% Tax Credits in response to such Application, Developer and Authority shall again meet and confer in good faith regarding alternate financing methods and/or the reasonable potential of a submission by Developer of an additional Application to TCAC for 9% Tax Credits and Authority shall, in its reasonable discretion but sole option, determine whether to permit Developer to submit a third Application for 9% Tax Credits. If Developer is permitted to submit an Application for an allocation of 9% Tax Credits pursuant to the immediately preceding sentence but does not obtain an allocation of 9% Tax Credits for the Orangewood Project after such Application, either Developer or Authority may terminate this Agreement. Upon such termination Developer shall deliver true and legible ...
Sample 1
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Orangewood Project. Authority hereby agrees to loan to Developer, and Developer hereby agrees to borrow from Authority, the amount of up to Four Million One Hundred Two Thousand Three Hundred Forty Dollars ($4,102,340) for the Orangewood Project, comprised of: (a) up to Three Million Two Hundred Fifty Thousand Dollars ($3,250,000) attributable to the up- front, capitalized Rent payment due from Orangewood Developer to Authority under the Ground Lease for the Orangewood Site (“Orangewood Land Subsidy”) and (b) up to Eight Hundred Fifty- Two Thousand Three Hundred Forty Dollars ($852,340) attributable to the various fee waivers and other local subsidies to the Orangewood Project, as described in Section 301, et seq, above (“Orangewood Additional Subsidy”).
Sample 1

Related to Orangewood Project

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

  • Real Property Holding Company The Company is not a real property holding company within the meaning of Section 897 of the Code.

  • Condominium Borrower covenants and agrees as follows: (i) Borrower shall pay all common charges and other assessments as required by the Condominium Documents in respect of the Property and shall promptly, following demand, exhibit to Lender proof of all such payments; (ii) Borrower shall not, unless directed otherwise in writing by Lender, without first obtaining Lender's prior written consent, (a) vote for, consent to or permit to occur any modification of, amendment to, or relaxation in the enforcement of, any material provision of the Condominium Documents; provided, however, Lender's approval shall not be required for amendments to the Condominium Documents containing disclosures or other provisions required to be made by Legal Requirements; (b) in the event of damage to or destruction of the Property, vote in opposition to a motion to repair, restore or rebuild, unless the Indebtedness will be repaid in full pursuant to Section 5.16; (c) partition or subdivide any Condominium Unit, or combine any Condominium Unit with another Condominium Unit; (d) consent to the termination of a Condominium; or (e) vote in favor of the imposition of special assessments for capital improvements pursuant to the Condominium Documents. (iii) Borrower shall fully and faithfully observe, keep and perform, in all material respects, each and every material requirement, condition, covenant, agreement and provisions under the Texas Condominium Act and the Condominium Documents on the part of Borrower to be observed, kept and performed. Borrower shall promptly deliver to Lender a copy of any notice of default received by Borrower with respect to any obligation of Borrower under the provisions of the Condominium Documents or the Texas Condominium Act.

  • Capital Projects (a) The selection of all design professionals and contractors for capital projects shall be made by Lessor and Lessor shall provide at its expense all materials and services for capital projects. (b) Lessee shall cooperate with Lessor with respect to capital projects. Notwithstanding anything in the foregoing which may be construed to the contrary, Lessee shall have no obligation to perform any such capital projects unless Lessee agrees to perform and be responsible for same in accordance with a written agreement therefor between Lessor and Lessee.

  • Real Estate All real property at any time owned or leased (as lessee or sublessee) by the Borrower or any of its Subsidiaries.

  • MAINTENANCE OF THE SAID BUILDING / APARTMENT / PROJECT The Promoter shall be responsible to provide and maintain essential services in the Project till the taking over of the maintenance of the project by the association of the allottees. The cost of such maintenance has been included in the Total Price of the [Apartment/Plot].

  • Shopping Goods and works estimated to cost less than $100,000 equivalent per contract may be procured under contracts awarded on the basis of Shopping.

  • The Project The Project is the total construction of which the Work performed under the Contract Documents may be the whole or a part.

  • Real Property Holding Corporation The Company is not and has never been a U.S. real property holding corporation within the meaning of Section 897 of the Internal Revenue Code of 1986, as amended, and the Company shall so certify upon Purchaser’s request.

  • Rent Rolls; Operating Histories The Seller has obtained a rent roll (the “Certified Rent Roll(s)”) other than with respect to hospitality properties certified by the related Mortgagor or the related guarantor(s) as accurate and complete in all material respects as of a date within 180 days of the date of origination of the related Mortgage Loan. The Seller has obtained operating histories (the “Certified Operating Histories”) with respect to each Mortgaged Property certified by the related Mortgagor or the related guarantor(s) as accurate and complete in all material respects as of a date within 180 days of the date of origination of the related Mortgage Loan. The Certified Operating Histories collectively report on operations for a period equal to (a) at least a continuous three-year period or (b) in the event the Mortgaged Property was owned, operated or constructed by the Mortgagor or an affiliate for less than three years then for such shorter period of time, it being understood that for mortgaged properties acquired with the proceeds of a Mortgage Loan, Certified Operating Histories may not have been available.

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