Residential Rental Property. The Borrower hereby acknowledges and agrees that the Project will be owned, managed and operated as a “qualified residential rental project” (within the meaning of Section 142(d) of the Code) until the expiration of the Qualified Project Period. To that end, and for the term of this Regulatory Agreement, the Borrower hereby represents, as of the date hereof, and covenants, warrants and agrees as follows:
Appears in 8 contracts
Samples: Regulatory Agreement, Regulatory Agreement and Declaration, Regulatory Agreement
Residential Rental Property. The Borrower hereby acknowledges and agrees that the Project will is to be owned, managed and operated as a “qualified residential rental project” (within the meaning of Section 142(d) of the Code) until the expiration of for a term equal to the Qualified Project Period. To that end, and for the term of this Regulatory AgreementQualified Project Period, the Borrower hereby represents, as of the date hereof, and covenants, warrants and agrees as follows:
Appears in 2 contracts
Samples: Regulatory Agreement and Declaration of Restrictive, Regulatory Agreement and Declaration of Restrictive
Residential Rental Property. The Borrower hereby acknowledges and agrees that the Project will Facility is to be owned, managed and operated as a project for “qualified residential rental projectproperty” (within the meaning of as such term is referred to in Section 142(d) of the Code) . To that end, the Borrower hereby makes the following representations and warranties and, until the expiration of the Qualified Project Period. To that end, and for the term of this Regulatory Agreement, the Borrower hereby represents, as of the date hereof, and following covenants, warrants and agrees as follows:
Appears in 2 contracts
Samples: Land Use Restriction Agreement, Land Use Restriction Agreement (Adcare Health Systems Inc)
Residential Rental Property. The Borrower hereby acknowledges and agrees that the Project will is to be owned, managed and operated as a “"qualified residential rental project” " (within the meaning of Section 142(d) of the Code) until the expiration of for a term equal to the Qualified Project Period. To that end, and for the term of this Regulatory Agreement, the Borrower hereby represents, as of the date hereof, and covenants, warrants and agrees as follows:
Appears in 1 contract
Samples: Land Use Regulatory Agreement (Maxus Realty Trust Inc)
