Common use of Source of Tenants Clause in Contracts

Source of Tenants. The Proponent shall, at the City's option, participate in the City's Housing Access System in accordance with the terms of the Proponent's Access Plan to be approved by the Executive Director, Housing Secretariat, or any similar process to be approved by the Executive Director, Housing Secretariat. Throughout the Affordability Period, the Proponent shall ensure that at least 10% of Units, or such greater number as required by the Executive Director, Housing Secretariat, shall be maintained as Transitional Units

Appears in 2 contracts

Samples: Contribution Agreement, Contribution Agreement

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Source of Tenants. The Proponent shallwill be required, at the City's option, to participate in the City's Housing Access System in accordance with the terms of the Proponent's Access Plan to be approved by the Executive Director, Housing Secretariat, or any similar process to be approved by the Executive Director, Housing Secretariat. Throughout the Affordability Period, the Proponent shall ensure that at least 10% of Units, or such greater number as required by the Executive Director, Housing Secretariat, shall be maintained as Transitional Units.

Appears in 1 contract

Samples: Contribution Agreement

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Source of Tenants. The Proponent shall, at the City's option, participate in the City's Housing Access System in accordance with the terms of the Proponent's Access Plan to be approved by the Executive Director, Housing Secretariat, or any similar process to be approved by the Executive Director, Housing Secretariat. Throughout the Affordability Period, the Proponent shall ensure that at least 10% of Units, or such greater number as required by the Executive Director, Housing Secretariat, shall be maintained as Transitional Units.

Appears in 1 contract

Samples: Contribution Agreement

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