Rental of Units Sample Clauses

Rental of Units. 3.1 The Contract shall commence on the Commencement Date and, unless terminated earlier in accordance with Condition 8, shall continue for the Initial Period and then shall automatically extend for consecutive 12 month periods unless the contract is terminated in accordance with the conditions set out in Clause 8.3.
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Rental of Units. The "Project Rental Period" shall be the period from the Effective Date until the earlier of (i) the expiration of the Total Density Bonus Agreement Term, or (ii) the date Owner conveys title to all of the Affordable Units to Qualified Purchaser Individual Unit Owners in accordance with the requirements of this Agreement, including the requirement to record an Affordable Housing Covenant against each Affordable Unit. Upon completion of construction of the Project and receipt by Owner of all required permits for the occupancy of the Units, unless Owner decides to sell any or all Units to Individual Unit Owners in accordance with the provisions of Section 5 below, Owner shall rent or cause to be rented for the Project Rental Period the Units in accordance with terms and conditions set forth in the Regulatory Agreement, which provide among other terms and conditions for no less than eighteen (18) Affordable Units shall be rented at Affordable Rent and used and occupied (or available for use and occupancy) to Very Low Income Households, and no less than eleven (11) Affordable Units shall be rented at Affordable Rent and used and occupied (or available for use and occupancy) to Moderate Income Households (the "For Rent Affordable Units"). The required number of For Rent Affordable Units designated for Very Low Income Households shall be reduced by the number of For Sale Affordable Units sold by Owner to a Very Low Income Household Qualified Purchaser at an Affordable Housing Cost in accordance with this Agreement, the required number of For Rent Affordable Units designated for Low Income Households shall be reduced by the number of For Sale Affordable Units sold by Owner to a Low Income Household Qualified Purchaser at an Affordable Housing Cost in accordance with this Agreement, and the required number of For Rent Affordable Units designated for Moderate Income Households shall be reduced by the number of For Sale Affordable Units sold by Owner to a Moderate Income Household Qualified Purchaser at an Affordable Housing Cost in accordance with this Agreement.
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Rental of Units. No Designated Unit required by this Agreement shall be leased or rented, except in compliance with Exhibit E, attached hereto and incorporated herein by this reference.
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Rental of Units. Manager shall advertise the availability for rental of the premises or any part thereof, and display "For Rent" signs thereon; sign renew or cancel leases or rental agreements for the premises or any part thereof; collect rents or other charges and expenses due and give receipts therefore; terminate tenancies and sign and serve in the name of Owner such notices as appropriate; institute and prosecute actions to evict tenants and to recover possession of premises in the name of Owner; xxx for and recover rents and other sums due from tenants and others; and, when expedient, settle, compromise or release such actions or suits or reinstate such tenancies. Eviction of tenants not leased to by Manager may require additional fees charged by Manager. Manager will lease, including renewal of leases at their discretion based on your instruction. In lack of instructions, or non-response, Manager will act in your best interest. Unless instructed otherwise, Manager will renew leases, complete assumptions, and any other leasing duties at will.
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Rental of Units. 301. During the Affordability Period, the Developer shall maintain the Affordable Housing Units at the Property as housing as described in Section 101 of this Agreement, and as required under the terms and conditions of the DLDA.
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Rental of Units. The renting of any unit must meet the requirements established in the Association By-Laws, Article XIV, Page Nine, Section a), b), c). The By-Laws prohibit Renters from having pets.
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Related to Rental of Units

  • Units Interests in the Partnership shall be represented by Units. The Units initially are comprised of one Class: Class A Units. The General Partner may establish, from time to time in accordance with such procedures as the General Partner shall determine from time to time, other Classes, one or more series of any such Classes, or other Partnership securities with such designations, preferences, rights, powers and duties (which may be senior to existing Classes and series of Units or other Partnership securities), as shall be determined by the General Partner, including (i) the right to share in Profits and Losses or items thereof; (ii) the right to share in Partnership distributions; (iii) the rights upon dissolution and liquidation of the Partnership; (iv) whether, and the terms and conditions upon which, the Partnership may or shall be required to redeem the Units or other Partnership securities (including sinking fund provisions); (v) whether such Unit or other Partnership security is issued with the privilege of conversion or exchange and, if so, the terms and conditions of such conversion or exchange; (vi) the terms and conditions upon which each Unit or other Partnership security will be issued, evidenced by certificates and assigned or transferred; (vii) the method for determining the Total Percentage Interest as to such Units or other Partnership securities; and (viii) the right, if any, of the holder of each such Unit or other Partnership security to vote on Partnership matters, including matters relating to the relative designations, preferences, rights, powers and duties of such Units or other Partnership securities. Except as expressly provided in this Agreement to the contrary, any reference to “Units” shall include the Class A Units and any other Classes that may be established in accordance with this Agreement. All Units of a particular Class shall have identical rights in all respects as all other Units of such Class, except in each case as otherwise specified in this Agreement.

  • Clearcutting Units All trees that meet Utilization Standards within “Clearcutting Units” are designated for cutting.

  • Layoff Units A. A layoff unit is defined as the entity or administrative/organizational unit within the Employer used for determining the available options for employees who are being laid off.

  • Change of Control of the Academy Trust 102A) The Secretary of State may at any time by notice in writing, subject to clause 102C) below, terminate this Agreement forthwith (or on such other date as he may in his absolute discretion determine) in the event that there is a change:

  • Layoff Unit The layoff unit may be at an organizational level of the University, such as a campus, division, college/unit, school, department/unit, area, program, or other level of organization as the University deems appropriate.

  • Release Schedule for an Emerging Issuer (a) Usual case If the Issuer is an emerging issuer (as defined in section 3.3 of the Policy) and you have not sold any escrow securities in a permitted secondary offering, your escrow securities will be released as follows: On March 23, 2015, the date the Issuer's securities are listed on a Canadian exchange (the listing date) 1/10 of your escrow securities 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date ¼ of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date ½ of your remaining escrow securities 36 months after the listing date your remaining escrow securities 3 *In the simplest case, where there are no changes to the escrow securities initially deposited and no additional escrow securities, then the release schedule outlined above results in the escrow securities being released in equal tranches of 15% after completion of the release on the listing date.

  • If there is a permitted secondary offering (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.

  • CHANGE IN CONTROL OF SELLER Prior to a potential change of control of SELLER and at least ninety (90) days prior to the proposed effectiveness of such change of control, SELLER will promptly notify LOCKHEED XXXXXX in writing thereof, and provide the identity of the potential new controlling party and information on such party and the transaction as LOCKHEED XXXXXX may request, consistent with applicable law and confidentiality restrictions.

  • Innovative Unit Scheduling Schedules other than those included in Articles 13.01 and 13.02 may be developed in order to improve quality of working life, support continuity of patient care, ensure adequate staffing resources, and support cost-efficiency. The parties agree that such innovative schedules may be determined locally by the Hospital and the Union subject to the following principles:

  • Suspension of Membership 1. If a member fails to fulfill any of its obligations to the Bank, the Board of Governors may suspend such member by a Super Majority vote as provided in Article 28.

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