Qualified Owner. Any person or entity with an ownership interest in the Subject Property, who maintains such ownership in compliance with this Covenant as provided for in Section 5; or the County, the Town of Telluride, or the Town of Mountain Village.
Qualified Owner. Each Owner shall take all actions required to continue to be a Qualified Owner during the Term. If at any time during the Term an Owner ceases to be a Qualified Owner, then such Owner shall immediately provide notice thereof to the other Owner and take all actions required to resume being a Qualified Owner.
Qualified Owner. Buyer (i) is, or as of the Closing Date will be, qualified under law to own the Purchased Assets and (ii) has, or as of the Closing Date will have, complied with any necessary governmental bonding requirements required for its ownership of the Purchased Assets.
Qualified Owner. The consummation of the transactions contemplated --------------- hereby will not cause Buyer or the Company to be disqualified as an owner of any federal or state oil, gas and mineral lease or to exceed any acreage limitation imposed by any statute, rule, regulation or order of governmental authority.
Qualified Owner. Buyer: (i) is qualified to own federal and state oil, gas and mineral leases; and (ii) shall comply with all necessary governmental bonding requirements arising from its ownership of the Properties. The consummation of the transactions contemplated hereby will not cause Buyer to be disqualified as an owner of such leases or to exceed any acreage limitation imposed by any statute, rule, regulation or order of governmental authority.
Qualified Owner. Buyer (i) is qualified (or will be qualified as of Closing) to own federal and state oil, gas and mineral leases and oil, gas and mineral leases on tribal and allotted Indian lands in all jurisdictions where any of the Subject Interests are located and (ii) has (or as of Closing will have) complied with all necessary governmental bonding requirements arising from its ownership of the Assets. The consummation of the transactions contemplated hereby will not cause Buyer to be disqualified as an owner of such leases or to exceed any acreage limitation imposed by any Law.
Qualified Owner. Buyer (i) is qualified to own federal and state oil, gas and mineral leases and oil, gas and mineral leases on tribal and allotted Indian lands in all jurisdictions where any of the Subject Interests are located and (ii) has complied with all necessary governmental bonding requirements arising from its ownership of the Assets. The consummation of the transactions contemplated hereby will not cause Buyer to be disqualified as an owner of such leases or to exceed any acreage limitation imposed by any Law.
Qualified Owner. To be eligible to purchase the Housing Unit, at least one member of the Household who is an Owner must be a Qualified Employee and meet
3.3.1. a below and all Household members must meet 3.3.1 b- f . below, and as further defined in the Guidelines:
3.3.1. a Meet the Minimum Work Standard physically in the Xxxxxxx R-2j School District for the twelve (12) months prior to purchase or provide evidence to the HA that Applicant will meet the Minimum Work Standard physically in the Xxxxxxx R-2j School District for the twelve (12) months following the purchase; and
3.3.1. b Must meet the Earned Income Standard or has provided evidence to the HA that Applicant will meet the Earned Income Standard within the next twelve (12) months following the purchase; and
3.3.1. c Must not own any interest in other Improved Residential Property(s) located within a one-hundred and fifty (150) mile radius from the Housing Unit.
3.3.1. d Must not have a Net Worth that exceeds three (3) times the Initial Sales Price of the Housing Unit; and
3.3.1. e Must meet the income restrictions applicable to the Housing Unit based on the Area Median Income (AMI) and as set forth in the Guidelines to be recorded at time of sale; and
3.3.1. f Shall occupy the Housing Unit as their sole and exclusive primary residence.
Qualified Owner. To be eligible to purchase the Housing Unit, at least one member of the Household who is an Owner must be a Qualified Employee and meet Section 3.3.1.a, below, and all Household members must meet Section 3.3.1 b- f., below, and as further defined in the Guidelines:
3.3.1. a Meet the Minimum Work Standard physically in the Telluride R-2 School District for the twelve (12) months prior to purchase or provide evidence to the CHA that Applicant will meet the Minimum Work Standard physically in the Telluride R-2 School District for the twelve (12) months following the purchase; and
3.3.1. b Must not own any interest in other Improved Residential Property(s) located within a seventy-five (75) mile radius from the Housing Unit.
3.3.1. c Must not have a Net Worth that exceeds two (2) times the Initial Sales Price of the Housing Unit; and
3.3.1. d Must meet the income restrictions applicable to the Housing Unit based on the Area Median Income (AMI) percentage limit and the Housing Unit designation in the legal description, and as set forth in the Guidelines to be recorded at time of sale; and
3.3.1. e Shall occupy the Housing Unit as their sole and exclusive primary residence.
Qualified Owner. 14 (i) Funds . . . . . . . . . . . . . . . . . . . . . 14 (j) Buyer's Knowledge . . . . . . . . . . . . . . . 14 (k)
