Common use of Residential Rental Project Clause in Contracts

Residential Rental Project. The Owner hereby agrees that the Project is to be developed, owned, managed and operated for the Qualified Project Period as “residential rental property,” as such phrase is used in Section 42(d) of the Code, on a continuous basis during the Qualified Project Period. To that end, the Owner hereby represents, covenants, warrants and agrees as follows:

Appears in 17 contracts

Samples: Management and Supportive Services Agreement, Land Use Restriction Agreement, Restriction Agreement

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Residential Rental Project. The Owner hereby agrees that the Project is to be developed, owned, managed and operated for the Qualified Project Affordability Period as “residential rental property,” as such phrase is used in Section 42(d) of the Code, on a continuous basis during the Qualified Project Affordability Period. To that end, the Owner hereby represents, covenants, warrants and agrees as follows:

Appears in 3 contracts

Samples: Land Use Restriction Agreement, Management and Supportive Services Agreement, Management and Supportive Services Agreement

Residential Rental Project. The Owner hereby agrees that the Project is to be developed, owned, managed and operated for the Qualified Project Period as “residential rental property,” as such phrase is used in Section 42(d) of the Code, on a continuous basis during the Qualified Project Period. To that end, the Owner hereby represents, covenants, warrants and agrees as follows:: Model Crown XXXX 4

Appears in 2 contracts

Samples: Land Use Restriction Agreement, Land Use Restriction Agreement

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Residential Rental Project. The Owner hereby agrees that the Project is to be developed, owned, managed and operated for the Qualified Project Affordability Period as “residential rental property,” as such phrase is used in Section 42(d) of the the‌‌‌‌‌ Code, on a continuous basis during the Qualified Project Affordability Period. To that end, the Owner hereby represents, covenants, warrants and agrees as follows:

Appears in 1 contract

Samples: Land Use Restriction Agreement

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