Unit Approval Sample Clauses

Unit Approval. In each instance in which the Borrower desires to apply a Unit to the Credit Facility, Borrower shall submit a Unit Request to Lender. Each Unit Request must be submitted by Borrower to Lender prior to the Termination Date in the form approved by Lender. Lender shall have the Unit Approval Period in which to review the Unit Request and to determine whether or not to apply the Unit to the Credit Facility, at which point, if the Unit Request is granted, the applicable Unit or Units shall be included in the Credit Facility. With respect to each Unit Request, Lender’s approval of the Unit Request shall be a condition precedent to making any Draws applicable to such Unit(s), and the approval of a Unit Request shall be evidenced only by Lender’s written statement specifying the Maximum Unit Amount for such approved Unit Request and stating that the Unit Request has been approved under this Loan Agreement. If Lender does not deliver oral or written notice of Lender’s disapproval of a Unit Request within the Unit Approval Period, that Unit Request will be deemed to have been approved. If the Unit Request relates to more than one Unit, Lender may approve that Unit Request with respect to one (1) or more Units and disapprove that Unit Request with respect to other Units.
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Unit Approval. 1. Evaluate the units that individuals request for tenancy approval by: X a. Obtaining Request for Tenancy Approval (RTA) form from landlord. Review and verify all items have been completed. X b. Verifying the unit type is permissible and the owner is not disqualified. X c. Performing a rent reasonableness review at initial occupancy. This review should examine units or buildings with similar features and characteristics in the same neighborhood as the subject unit and obtain information on the rents being charged for comparable units. Rents must be determined reasonable in relation to comparable units. Comparability should consider location, size, type quality, amenities, facilities and management services. If the owner has both assisted and unassisted units, assisted rents may not exceed the unassisted rents in comparable units. The PHA shall keep documentation that demonstrates rent reasonableness. X d. Calculating the individual’s utility allowance using the PHA’s standard utility allowance, not to exceed the DBHDS maximum utility allowance. Pro-rate the utility allowance in shared housing (for SRAP-TBRA). X e. Documenting the approved unit rent. The approved rent is the lesser of payment standard or the rent charged for comparable, unassisted units in the same market area. X f. Reviewing the lease to verify that it meets the program requirements. Notify the owner and the individual, parent/guardian and Support Coordinator if the lease does not meet program requirements. Explain what lease deficiencies must be corrected. X g. Conducting a Housing Quality Standards Inspection prior to tenant move-in. Schedule the inspection with the landlord and/or management agent. Notify the Support Coordinator of the inspection date. Inform the Support Coordinator if the inspection is delayed or rescheduled. Inform the individual, parent/guardian and Support Coordinator of the inspection results. If the unit does not pass inspection, provide the parties written notification about which items failed, the deadline for making repairs and X h. Notifying the owner and the individual, parent/guardian and Support Coordinator if the unit type is prohibited or the owner is disqualified; the unit is not rent reasonable; or the Tenancy Addendum to the lease does not meet program requirements. Provide information to document a rent amount that meets rent reasonableness requirements and/or explain what lease deficiencies must be corrected. X 2. If the landlord proposes a rent inc...
Sample 1
Unit Approval. The following employees must present the voluntary phased retirement proposal for final approval. By signing below each is indicating that they have reviewed the request, approve of the proposal and recommend the proposal for final approval. Applicant Manager: Date: HR Strategic Partner: Xxxx/Unit Administrator: Date: Date: Once the signatures in this section have been obtained, please route as follows: Academic Administrators/Faculty should route this form to the Office of the Vice Xxxxxxx for Faculty Affairs, Attn: Xxxxxxxx Xxxxxxxx (xxx00@xxx.xxx). Staff and Administrators route to the Vice President for Human Resources, Attn: Xxxxxx Xxxx (xxx0@xxx.xxx).
Sample 1
Unit Approval. All units must be prior-approved, converted to Semester Units
Sample 1
Unit Approval. 1. Evaluate the units that applicants request for tenancy approval by: X a. Verifying the unit type is permissible and the owner is not disqualified. X b. Performing a rent reasonableness review at initial occupancy and when required per SRAP Program Manual guidelines. The Contractor shall keep documentation that demonstrates rent reasonableness. X c. Calculating the utility allowance using the Contractor’s standard utility allowance, not to exceed the DBHDS maximum utility allowance. Pro-rate the utility allowance in shared housing (for SRAP-TBRA). X d. Verifying unit affordability at initial occupancy if the gross rent exceeds the payment standard. A unit is affordable if the X
Sample 1

Related to Unit Approval

  • NASDAQ Approval The Company and the Purchaser agree that until the Company either obtains shareholder approval of the issuance of the Securities, or an exemption from NASDAQ's corporate governance rules as they may apply to the Securities, and an opinion of counsel reasonably acceptable to the Purchaser that NASDAQ's corporate governance rules do not conflict with nor may result in a delisting of the Company's common stock from the SmallCap Market (the "Approval") upon the conversion of the Notes, the Purchaser may not receive upon conversion of the Notes more than the number of common shares greater than 19.9% of the shares of Company's common stock outstanding on the Closing Date. Provided the closing price of the Common Stock on a Principal Market is less than $.25 per share for three consecutive trading days (such third day being the "Trigger Date"), the Company covenants to obtain the Approval required pursuant to the NASDAQ's corporate governance rules to allow conversion of all the Notes and interest thereon. The Company further covenants to file the preliminary proxy statement relating to the Approval with the Commission on or before thirty days after the Trigger Date ("Proxy Filing Date"). The Company further covenants to obtain the Approval no later than ninety days after the Trigger Date ("Approval Date"). The Company's failure to (i) file the proxy on or before the Proxy Filing Date; or (ii) the Company's failure to obtain the Approval on or before the Approval Date (each being an "Approval Default") shall be deemed an Event of Default under the Note, but only to the extent the Notes and interest thereon that may not be converted due to the Company's failure to obtain such Approval.

  • Requisite Stockholder Approval The Requisite Stockholder Approval shall have been obtained.

  • Shareholder Approval The Company Shareholder Approval shall have been obtained.

  • Settlement Approval The approval of the Master Servicer need not be requested for disposition of insurance loss settlements and the Servicer may disburse the loss proceeds as provided herein.

  • Project Approval The County may issue a Job Order Authorization for the Work, to include the firm-fixed-price of the Job Order and the project duration. Contractor agrees that all clauses of this Contract are applicable to any Job Order issued hereunder. The County reserves the right to reject a Contractor’s Quote based on unjustifiable quantities and/or methods, performance periods, inadequate documentation, or other inconsistencies or deficiencies on the Contractor’s part in the sole opinion of the County. The County reserves the right to issue a unilateral Job Order authorization for the Work if a Quote price cannot be mutually agreed upon. This is based upon unjustifiable quantities in the sole opinion of the County. The County also reserves the right to not issue a Job Order Authorization if the County’s requirement is no longer valid or the project is not funded. In these instances, the Contractor has no right of claim to recover Quote expenses. The County may pursue continuing valid requirements by other means where Contract was not reached with the Contractor.

  • Stockholder Approval The Company Stockholder Approval shall have been obtained.

  • HSR Approval The applicable waiting period under the HSR Act shall have expired or been terminated.

  • No Shareholder Approval Seller hereby agrees that from the Closing Date ----------------------- until the issuance of Common Stock upon the conversion of the Debentures, Seller will not take any action which would require Seller to seek shareholder approval of such issuance.

  • Company Stockholder Approval The Company Stockholder Approval shall have been obtained.

  • FERC Approval Notwithstanding any other provision of this Appendix 2, no termination hereunder shall become effective until the Interconnected Entities and/or Transmission Provider have complied with all Applicable Laws and Regulations applicable to such termination, including the filing with the FERC of a notice of termination of the Interconnection Service Agreement, and acceptance of such notice for filing by the FERC.

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