Project Site Affordable Housing Units Sample Clauses

Project Site Affordable Housing Units. (i) The following shall be added to the Development Agreement as Section 8.8(h): (i) Until Developer and Interim Developer have Commenced Construction on 1,050 Project Site Affordable Housing Units (such date, the “1050 Date”), at all times, the number of Project Site Affordable Housing Units for which Commencement of Construction has occurred on the Project Site shall be equal to or greater than the product of (a) the total number of residential units for which Commencement of Construction has occurred on the Project Site, and (b) thirty-five percent (35%) (such product, the “35% Requirement”). From and after the 1050 Date, until 2,250 Project Site Affordable Housing Units have been constructed as set forth in Section 8.8(i) below, the number of Project Site Affordable Housing Units for which Commencement of Construction has occurred on the Project Site may fall below the 35% Requirement, provided that the number of Project Site Affordable Housing Units for which Commencement of Construction has occurred on the Project Site shall (x) never be less than the product of (i) the total number of residential units for which Commencement of Construction has occurred on the Project Site, and (ii) twenty-five percent (25%), and (y) not be less than 2,250 Project Site Affordable Housing Units (which total comprises thirty-five percent (35%) of the anticipated residential units to be constructed on the Project Site as specified in the MGPP) upon completion of the Project. (ii) Notwithstanding anything contained to the contrary herein, if at any time Developer or Interim Developer is in violation of the requirements set forth in Section 8.8(h)(i), until such violation is cured, (x) neither Developer nor Interim Developer nor any other Person shall seek the issuance of a building permit (except for a building permit for construction that would cure such violation) with respect to all or any portion of any Project Building, and (y) in addition to any other remedies to which ESDC may be entitled, ESDC shall be permitted to take all actions, including, without limitation, seeking an injunction, to prevent any building permit (except for a building permit for construction that would cure such violation) from being issued with respect to all or any portion of any Project Building. Such violation of the requirements set forth in Section 8.8(h)(i) or this Section 8.8(h)(ii) shall be an Event of Default hereunder.” (ii) The following shall be added to the Development Agreemen...

Related to Project Site Affordable Housing Units

  • Project Site The “Project Site” is the place where the Work is being carried on.

  • Projects There shall be a thirty (30) km free zone around the projects excluding the Metro Vancouver Area. For local residents, kilometers shall be paid from the boundary of the free zone around the project. Workers employed by any contractor within an identified free zone who resides outside of that same free zone will be paid according to the Kilometer Chart from the project to their residence less thirty

  • 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.

  • Access to Properties Subject to the rights of Tenants, Borrower shall permit agents, representatives and employees of Lender to inspect the Properties or any part thereof at reasonable hours upon reasonable advance notice.

  • Information Systems Acquisition Development and Maintenance a. Client Data – Client Data will only be used by State Street for the purposes specified in this Agreement.

  • Condominiums/Planned Unit Developments If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project such Mortgage Loan was originated in accordance with, and the Mortgaged Property meets the guidelines set forth in the Originator's Underwriting Guidelines;

  • Foreign-Owned Companies in Connection with Critical Infrastructure If Texas Government Code, Section 2274.0102(a)(1) (relating to prohibition on contracts with certain foreign-owned companies in connection with critical infrastructure) is applicable to this Contract, pursuant to Government Code Section 2274.0102, Contractor certifies that neither it nor its parent company, nor any affiliate of Contractor or its parent company, is: (1) majority owned or controlled by citizens or governmental entities of China, Iran, North Korea, Russia, or any other country designated by the Governor under Government Code Section 2274.0103, or (2) headquartered in any of those countries.

  • Partnership Property All property, real, personal, tangible, intangible, or mixed, acquired by or contributed to the Partnership shall be owned by the Partnership and titled in its name and such property shall not be owned individually by any Partner. Each Partner acknowledges and agrees that the System and all elements thereof, are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Proprietary Marks are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Partnership shall not acquire or own any land or buildings. Any land or buildings used in the Partnership business shall be acquired and owned by the Company or an Affiliate of the Company and leased to the Partnership at reasonable rates and terms, and such land and buildings shall not be Partnership property.

  • Access to Project Site ‌ City will make available, no later than the commencement date designated in the current construction Schedule accepted by City, the lands and facilities upon which the Work is to be performed, including such access and other lands and facilities designated in the Contract Documents, for use by Contractor.

  • Real Properties United has Previously Disclosed to FNB a listing of all real property owned or leased by United or any subsidiary (the “Real Property”) and all leases pertaining to any such Real Property to which United or any subsidiary is a party (the “Real Property Leases”). With respect to all Real Property, United or any subsidiary has good and marketable fee simple title to, or a valid and subsisting leasehold interest in, such Real Property and owns the same free and clear of all mortgages, liens, leases, encumbrances, title defects and exceptions to title other than (i) the lien of current taxes not yet due and payable, and (ii) such imperfections of title and restrictions, covenants and easements (including utility easements) which do not materially affect the value of the Real Property and which do not and will not materially detract from, interfere with or restrict the present or future use of the properties subject thereto or affected thereby. With respect to each Real Property Lease (i) such lease is valid and enforceable in accordance with its terms, (ii) there currently exists no circumstance or condition which constitutes an event of default by United or any subsidiary (as lessor or lessee) or its respective lessor or which, with the passage of time or the giving of required notices will or could constitute such an event of default, and (iii) subject to any required consent of United’s lessor, each such Real Property Lease may be assigned to FNB and the execution and delivery of this Agreement does not constitute an event of default thereunder. To the best knowledge and belief of management of United, the Real Property complies with all applicable federal, state and local laws, regulations, ordinances or orders of any governmental authority, including those relating to zoning, building and use permits, except for such noncompliance as does not or would not have a Material Adverse Effect on United and its subsidiaries, and the Real Property may be used under applicable zoning ordinances for commercial banking facilities as a matter of right rather than as a conditional or nonconforming use. All improvements and fixtures included in or on the Real Property are in good condition and repair, ordinary wear and tear excepted, and there does not exist any condition which materially adversely affects the economic value thereof or materially adversely interferes (or will interfere after the Merger) with the contemplated use thereof.