Resident Housing Rates Clause Samples

Resident Housing Rates. Resident Housing Rates for each Project for all semesters in the first (1st) academic year of the Term shall be set at the amounts set forth on Exhibit A hereto. For the remainder of the Term, Resident Housing Rates shall be set by the Concessionaire, subject to the prior written approval of the BOR, as provided in the Project Operating Agreement and the plans attached as appendices thereto, and any caps on annual Resident Housing Rate increases set by the Project Operating Agreement and the plans attached as appendices thereto.