Recapture Agreement Sample Clauses

Recapture Agreement. The terms of compensation provided in this memorandum are contingent on your agreement to be bound by the terms of the enclosed Recapture Agreement, which you must sign and return together with a signed copy of this memorandum. It is included as Attachment C.
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Recapture Agreement. If HOMEBUYER sells the home, or if the home is foreclosed, then the HOME assistance to the buyer (entire loan amount-less forgiven amounts in accordance with Section 5) will be recaptured by OHFA through the AWARDEE. If the net proceeds are sufficient (amount of proceeds remaining after any superior loans plus any legal fees and closing costs are paid) the proceeds will be used to repay the HOME assistance. Consequently, if the proceeds exceed the loan amount as set forth herein, the HOMEBUYER will be entitled to retain any remaining proceeds of the sale. If there are no net proceeds then no repayment will be required.
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Recapture Agreement. If the City requires Applicant to install any other public improvements which benefit any other property within the City’s planning jurisdiction, the City agrees to execute a recapture agreement in form and substance substantially similar to the form attached as Exhibit H such that Applicant shall be reimbursed the pro rata cost (with interest) of installing such public improvements which benefits such other property. The City agrees that it shall not approve any plat or issue any building permits for such other property benefiting from such improvements, until evidence of such payment to Applicant has been submitted to the City by Applicant in writing. Further, the City expressly agrees that Owner may subject the Property, or any portion or portions thereof, to private covenants which may provide for recapture or other cost sharing from and between such portion or portions of the Property.
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Recapture Agreement. The Recapture Agreement, executed and acknowledged by Seller.
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Recapture Agreement. Triggering Event The recapture will be triggered if, at any time during the executive’s employment with Freddie Mac (or, under certain circumstances after termination of the executive’s employment, as described below), the Board determines and notifies you in writing that any of the following (“Triggering Events”) occurred:
Sample 1
Recapture Agreement. If Tenant desires to enter into any sublease of the Premises, Landlord shall have the option to exclude from the Premises covered by this Lease, the space proposed to be sublet by Tenant, effective as of the proposed commencement date of sublease of said space by Tenant. Landlord may exercise said option by giving Tenant written notice within fifteen (15) days after receipt by Landlord of Tenant's notice of the proposed sublease. If Landlord exercises said option, Tenant shall surrender possession of the proposed sublease space to Landlord on the effective date of exclusion of said space from the Premises covered by this Lease, and neither party hereto shall have any further rights or liabilities with respect to said space under this Lease. Effective as of the date of exclusion of any portion of the Premises covered by this Lease pursuant to this paragraph (i) the Monthly Base Rent specified in section 1. 1. H shall be reduced in the same proportion as the number of square feet of the rentable area contained in the portion of the Premises so excluded bears to the number of square feet of rentable area contained in the Premises immediately prior to such exclusion, and (ii) the rentable area of the Premises specified in section 1.1.1 shall be decreased by the number of square feet of rentable area contained in the portion of the Premises so excluded, for all purposes under this Lease.
Sample 1
Recapture Agreement. Exhibit to Secondary Development Agreement a. Parties: Port, BCS4 MULTIFAMILY, LLC, b. Purpose: Outlines terms under which repayment of public improvement funding needs to be repaid if project returns are greater than market returns c. Key Points: i. Up to 50% of public investment paid back if Internal Rate of Return (IRR) is 5% above base line proforma ii. Agreement triggers in the event of a sale of the property, or at 12 years from the start of construction iii. IRR basis used, just like The Xxxxxx apartment project, not simple NOI as in past agreements iv. The grocery store portion of the recapture will be based on comparing gross grocery store sales to EBITDA (earnings before interest, taxes, depreciation and amortization expense).
Sample 1
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Recapture Agreement. If Tenant desires to enter into any sublease of the Premises, Landlord shall have the option to exclude from the Premises covered by 1. H shall be reduced in the same proportion as the number of square feet of the rentable area contained in the portion of the Premises so excluded bears to the number of square feet of rentable area contained in the Premises immediately prior to such exclusion, and (ii) the rentable area of the Premises specified in section 1.1.I shall be decreased by the number of square feet of rentable area contained in the portion of the Premises so excluded, for all purposes under this Lease.
Sample 1

Related to Recapture Agreement

  • Future Agreements The Fund shall promptly, at the request of the Purchaser, enter into an agreement, on terms mutually satisfactory to the Fund and the Purchaser, of the type specified in Section 12(d)(1)(E)(iii) of the 1940 Act, so as to permit the Purchaser or any transferee satisfying the requirements set forth in Section 2.1 to rely on the provisions of Section 12(d)(1)(E)(iii) of the 1940 Act.

  • Termination Agreement 8.01 Notwithstanding any other provision of this Agreement, WESTERN, at its sole option, may terminate either a Purchase Order or this Agreement at any time by giving fourteen (14) days written notice to CONSULTANT, whether or not a Purchase Order has been issued to CONSULTANT. 8.02 In the event of termination of either a Purchase Order or this Agreement, the payment of monies due CONSULTANT for work performed prior to the effective date of such termination shall be paid within thirty (30) days after receipt of an invoice as provided in this Agreement. Upon payment for such work, CONSULTANT agrees to promptly provide to WESTERN all documents, reports, purchased supplies and the like which are in the possession or control of CONSULTANT and pertain to WESTERN.

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • Severance Agreement Any payments of compensation made pursuant to Articles 4 and 5 are contingent on Executive executing the Company’s standard severance agreement, including a general release of the Company, its owners, partners, stockholders, directors, officers, employees, independent contractors, agents, attorneys, representatives, predecessors, successors and assigns, parents, subsidiaries, affiliated entities and related entities, and on Executive’s continued compliance with Section 6. Executive must execute the standard severance agreement and release within 45 days of being provided with the document to sign or the severance agreement offer will expire.

  • Nondisclosure Agreement You will comply with the covenant regarding confidential information in Section 17 of the Employment Agreement, which covenant is incorporated herein by reference.

  • Agreement to Lease Landlord agrees to lease to Tenant and Tenant agrees to lease from Landlord, according to the terms and conditions set forth herein, the Premises.

  • Joint Venture Agreement The shareholder entity designated by each ASEAN country shall negotiate and conclude, as soon as possible, a joint Venture Agreement acceptable to Malaysia and the Parties, for the setting up of an ASEAN Urea Project in Malaysia. Such joint Venture Agreement shall set out among others: The name and capital structure of the joint Venture company; Constitution of the Board of Directors of the joint Venture company: Protection of minority interests; Scope of the project and its financing.

  • Amendment to Employment Agreement 2 of the Employment Agreement is amended and restated in its entirety to read as follows:

  • Termination of License Agreement This Agreement will terminate automatically in the event that the License Agreement is terminated, provided that prior to such termination of this Agreement becoming effective, the Parties shall cooperate to wind down the activities being conducted hereunder as set forth in Section 15.5(b).

  • AGREEMENT RENEWAL This Agreement shall not bind nor purport to bind the AZDOHS for any contractual commitment in excess of the original Agreement period.

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