Tenant Qualification. (i) Borrower covenants and agrees that at the time of the initial occupancy of an Income-Restricted Unit by a qualified Tenant, the Borrower shall have established that each household that leases an Income-Restricted Unit covered by this Agreement (A) meets the County Manager’s or his designee’s administrative requirements for the determination and verification of income and occupancy of such Income-Restricted Unit, and (B) has an income that qualifies it for occupancy of such Income-Restricted Unit as set forth in this Agreement. Annually thereafter, the Borrower shall obtain from each household that leases an Income-Restricted Unit a signed Income Certification for Income-Restricted Units Form, a sample of which is attached hereto as Exhibit J, establishing the continued eligibility of such household, based on then current income, to occupy the Income-Restricted Unit under the terms of this Agreement, together with a signed Annual Rental Occupancy Affidavit Form, a sample of which attached hereto as Exhibit K, certifying that such household continues to occupy the Income-Restricted Unit.
Appears in 2 contracts
Samples: Loan Agreement, Intercreditor and Subordination Agreement
Tenant Qualification. (i) Borrower covenants and agrees that at the time of the initial occupancy of an Income-Restricted Unit by a qualified Tenant, the Borrower shall have established that each household that leases an Income-Restricted Unit covered by this Agreement (A) meets the County Manager’s or his designee’s administrative requirements for the determination and verification of income and occupancy of such Income-Restricted Unit, and (B) has an income that qualifies it for occupancy of such Income-Restricted Unit as set forth in this Agreement. Annually thereafter, the Borrower shall obtain from each household that leases an Income-Restricted Unit a signed Income Certification for Income-Restricted Units Form, a sample of which is attached hereto as Exhibit J, establishing the continued eligibility of such household, based on then current income, to occupy the Income-Restricted Unit under the terms of this Agreement, together with a signed Annual Rental Occupancy Affidavit Form, a sample of which is attached hereto as Exhibit K, certifying that such household continues to occupy the Income-Restricted Unit.
Appears in 2 contracts
Samples: Loan Agreement, Subordination Agreement
Tenant Qualification. (i) Borrower covenants and agrees that at the time of the initial occupancy of an Income-Restricted Unit by a qualified Tenant, the Borrower shall have established that each household that leases an Income-Restricted Unit covered by this Agreement (A) meets the County Manager’s or his her designee’s administrative requirements for the determination and verification of income and occupancy of such Income-Restricted Unit, and (B) has an income that qualifies it for occupancy of such Income-Restricted Unit as set forth in this Agreement. Annually thereafter, the Borrower shall obtain from each household that leases an Income-Restricted Unit a signed Income Certification for Income-Restricted Units Form, a sample of which is attached hereto as Exhibit JH, establishing the continued eligibility of such household, based on then current income, to occupy the Income-Restricted Unit under the terms of this Agreement, together with a signed Annual Rental Occupancy Affidavit Form, a sample of which attached hereto as Exhibit KI, certifying that such household continues to occupy the Income-Restricted Unit.
Appears in 2 contracts
Samples: Intercreditor and Subordination Agreement, Intercreditor and Subordination Agreement
Tenant Qualification. (i) Borrower covenants and agrees that at the time of the initial occupancy of an Income-Restricted Unit by a qualified Tenant, the Borrower shall have established that each household that leases an Income-Restricted Unit covered by this Agreement (A) meets the County Manager’s or his designee’s administrative requirements for the determination and verification of income and occupancy of such Income-Restricted Unit, and (B) has an income that qualifies it for occupancy of such Income-Restricted Unit as set forth in this Agreement. Annually thereafter, the Borrower shall obtain from each household that leases an Income-Restricted Unit a signed Income Certification for Income-Restricted Units Form, a sample of which is attached hereto as Exhibit JK, establishing the continued eligibility of such household, based on then current income, to occupy the Income-Restricted Unit under the terms of this Agreement, together with a signed Annual Rental Occupancy Affidavit Form, a sample of which is attached hereto as Exhibit KL, certifying that such household continues to occupy the Income-Restricted Unit.
Appears in 1 contract
Samples: Fund Loan Agreement
Tenant Qualification. (i) Borrower covenants and agrees that at the time of the initial occupancy of an Income-Restricted Unit by a qualified Tenant, the Borrower shall have established that each household that leases an Income-Restricted Unit covered by this Agreement (A) meets the County Manager’s or his designee’s administrative requirements for the determination and verification of income and occupancy of such Income-Restricted Unit, and (B) has an income that qualifies it for occupancy of such Income-Restricted Unit as set forth in this Agreement. Annually thereafter, the Borrower shall obtain from each household that leases an Income-Restricted Unit a signed Income Certification for Income-Restricted Units Form, a sample of which is attached hereto as Exhibit JL, establishing the continued eligibility of such household, based on then current income, to occupy the Income-Restricted Unit under the terms of this Agreement, together with a signed Annual Rental Occupancy Affidavit Form, a sample of which is attached hereto as Exhibit KM, certifying that such household continues to occupy the Income-Restricted Unit.
Appears in 1 contract
Samples: Loan Agreement
Tenant Qualification. (i) Borrower covenants and agrees that at the time of the initial occupancy of an Income-Restricted Unit by a qualified Tenant, the Borrower shall have established that each household that leases an Income-Restricted Unit covered by this Agreement (A) meets the County Manager’s or his her designee’s administrative requirements for the determination and verification of income and occupancy of such Income-Restricted Unit, and (B) has an income that qualifies it for occupancy of such Income-Restricted Unit as set forth in this Agreement. Annually thereafter, the Borrower shall obtain from each household that leases an Income-Restricted Unit a signed Income Certification for Income-Restricted Units Form, a sample of which is attached hereto as Exhibit JI, establishing the continued eligibility of such household, based on then current income, to occupy the Income-Restricted Unit under the terms of this Agreement, together with a signed Annual Rental Occupancy Affidavit Form, a sample of which attached hereto as Exhibit KJ, certifying that such household continues to occupy the Income-Restricted Unit.
Appears in 1 contract
Tenant Qualification. (i) Borrower covenants and agrees that at the time of the initial occupancy of an Income-Restricted Unit by a new qualified TenantTenant first moving in after the Effective Date, the Borrower shall have established that each household that leases an Income-Income- Restricted Unit covered by this Agreement for the first time after the Effective Date (A) meets the County Manager’s or his designee’s administrative requirements for the determination and verification of income and occupancy of such Income-Restricted Unit, and (B) has an income that qualifies it for occupancy of such Income-Restricted Unit as set forth in this Agreement. Annually thereafter, the Borrower shall obtain from each household that leases an Income-Restricted Unit a signed Income Certification for Income-Restricted Units Form, a sample of which is attached hereto as Exhibit JL, establishing the continued eligibility of such household, based on then current income, to occupy the Income-Restricted Unit under the terms of this Agreement, together with a signed Annual Rental Occupancy Affidavit Form, a sample of which is attached hereto as Exhibit KM, certifying that such household continues to occupy the Income-Restricted Unit.
Appears in 1 contract
Samples: Loan Agreement
Tenant Qualification. (i) Borrower covenants and agrees that at the time of the initial occupancy of an Income-Restricted Unit by a qualified Tenant, the Borrower shall have established that each household that leases an Income-Restricted Unit covered by this Agreement (A) meets the County Manager’s or his designee’s administrative requirements for the determination and verification of income and occupancy of such Income-Restricted Unit, and (B) has an income that qualifies it for occupancy of such Income-Restricted Unit as set forth in this Agreement. Annually thereafter, the Borrower shall obtain from each household that leases an Income-Restricted Unit a signed Income Certification for Income-Restricted Units Form, a sample of which is attached hereto as Exhibit JH, establishing the continued eligibility of such household, based on then current income, to occupy the Income-Restricted Unit under the terms of this Agreement, together with a signed Annual Rental Occupancy Affidavit Form, a sample of which is attached hereto as Exhibit KI, certifying that such household continues to occupy the Income-Restricted Unit.
Appears in 1 contract
Samples: Loan Agreement