Phase II ROFR Term – Post-Tax Compliance Period Sample Clauses

Phase II ROFR Term – Post-Tax Compliance Period. Borrower covenants and agrees that, subject to Section 5.03 above, if the Borrower receives a Bona Fide Offer during the period commencing upon the close of the fifteenth (15th) full year of the compliance period for the federal low-income housing tax credits for the Property (“Tax Credit Compliance Period”) and ending the date which is fifteen (15) years after the close of the Tax Credit Compliance Period (the “Phase II ROFR Term”), which offer the Borrower desires to accept, the County shall have a right of first refusal to purchase the Property (the “Phase II Refusal Right”) pursuant to the terms and conditions set forth in this Section 5.04, at the “minimum purchase price” as defined in Section 42(i)(7)(B) of the Code (the “Phase II ROFR Term Purchase Price”). In addition to all other applicable conditions set forth in this Section 5.04:
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Phase II ROFR Term – Post-Tax Compliance Period. Borrower covenants and agrees that, subject to Section 5.03 above, if the Borrower receives a Bona Fide Offer to purchase the Property from a prospective purchaser, other than ARHC or an Affiliate of ARHC, during the period commencing upon the close of the fifteenth (15th) full year of the compliance period for the federal low-income housing tax credits for the Property (“Tax Credit Compliance Period”) and ending the date which is fifteen (15) years after the close of the Tax Credit Compliance Period (the “Phase II ROFR Term”), which offer the Borrower desires to accept, the County shall have a right of first refusal to purchase the Property (the “Phase II Refusal Right”) pursuant to the terms and conditions set forth in this Section 5.04, at the lesser of the “minimum purchase price” as defined in Section 42(i)(7)(B) of the Code, or the Bona Fide Offer proposed purchase price which the Borrower desires to accept (the “Phase II ROFR Term Purchase Price”). In addition to all other applicable conditions set forth in this Section 5.04:
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Phase II ROFR Term – Post-Tax Compliance Period. Borrower covenants and agrees that, subject to Section 5.03 above and the RHFFI ROFR Agreement, if the Borrower receives a Bona Fide Offer to purchase the Property from a third party prospective purchaser during the period commencing upon the close of the fifteenth (15th) full year of the compliance period for the federal low-income housing tax credits for the Property (“Tax Credit Compliance Period”) and ending the date which is fifteen (15) years after the close of the Tax Credit Compliance Period (the “Phase II ROFR Term”), which Bona Fide Offer the Borrower desires to accept (with the consent of the Borrower’s Investor Limited Partner to the extent required under the Borrower’s then-governing organizational documents), the County shall have a right of first refusal to purchase the Property (the “Phase II Refusal Right”) pursuant to the terms and conditions set forth in this Section 5.04, at the lesser of the “minimum purchase price” as defined in Section 42(i)(7)(B) of the Code, or the Bona Fide Offer proposed purchase price which the Borrower desires to accept (the “Phase II ROFR Term Purchase Price”). In addition to all other applicable conditions set forth in this Section 5.04:
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Related to Phase II ROFR Term – Post-Tax Compliance Period

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  • Long Term Cost Evaluation Criterion 4. READ CAREFULLY and see in the RFP document under "Proposal Scoring and Evaluation". Points will be assigned to this criterion based on your answer to this Attribute. Points are awarded if you agree not increase your catalog prices (as defined herein) more than X% annually over the previous year for the life of the contract, unless an exigent circumstance exists in the marketplace and the excess price increase which exceeds X% annually is supported by documentation provided by you and your suppliers and shared with TIPS, if requested. If you agree NOT to increase prices more than 5%, except when justified by supporting documentation, you are awarded 10 points; if 6% to 14%, except when justified by supporting documentation, you receive 1 to 9 points incrementally. Price increases 14% or greater, except when justified by supporting documentation, receive 0 points. increases will be 5% or less annually per question Required Confidentiality Claim Form Required Confidentiality Claim Form This completed form is required by TIPS. By submitting a response to this solicitation you agree to download from the “Attachments” section, complete according to the instructions on the form, then uploading the completed form, with any confidential attachments, if applicable, to the “Response Attachments” section titled “Confidentiality Form” in order to provide to TIPS the completed form titled, “CONFIDENTIALITY CLAIM FORM”. By completing this process, you provide us with the information we require to comply with the open record laws of the State of Texas as they may apply to your proposal submission. If you do not provide the form with your proposal, an award will not be made if your proposal is qualified for an award, until TIPS has an accurate, completed form from you. Read the form carefully before completing and if you have any questions, email Xxxx Xxxxxx at TIPS at xxxx.xxxxxx@xxxx-xxx.xxx 8 Choice of Law clauses with TIPS Members If the vendor is awarded a contract with TIPS under this solicitation, the vendor agrees to make any Choice of Law clauses in any contract or agreement entered into between the awarded vendor and with a TIPS member entity to read as follows: "Choice of law shall be the laws of the state where the customer resides" or words to that effect. 9

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