Vacant Units Sample Clauses

Vacant Units i. The SHA shall be responsible for care and security of vacant units ensuring no vandalism has occurred and arranging for the continuity of utility services. All damages to vacant units will be reported immediately to the landlord/owner and the PMO. All vacant units must be inspected daily to ensure an adequate level of heat is maintained to prevent freezing.
Sample 1
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Vacant Units. If one or more of the Units are left vacant for a commercially reasonable period (i) while one tenant is moving out of a Unit and before another has moved in to such Unit, (ii) while waiting for a new qualifying tenant for a Unit in the event there are no tenants immediately available to move in after the previous qualifying tenant vacates, or (iii) while a Unit is being renovated and/or repaired.
Sample 1
Vacant Units. Vacant units are increasingly subject to vandalism, squatters, theft and damage to air conditioning compressors. Broker shall check and/or show vacant units at least two (2) times per month. If more frequent checking is requested, this must be negotiated separately between BROKER and LANDLORD and there may be additional charges. Under no circumstances will BROKER be held liable for any loss or damage to the vacant premises. XXXXXXXX is aware that often homeowner’s insurance does not cover vacant properties and should consult their insurance agent.
Sample 1
Vacant Units. All units vacated more than three (3) Business Days prior to the Closing Date will be delivered in rent ready condition. Purchaser shall have the right to inspect all vacant units three (3) Business Days prior to the Closing Date. By written notice delivered to Purchaser at least two (2) Business Days prior to the Closing Date, Seller shall have the option to either (i) make non-rent ready units rent ready, or (ii) provide Purchaser with a credit of $750.00 per non-rent ready unit. In addition, Purchaser shall receive a credit against the Purchase Price for the reasonable cost to replace any missing appliances (including, but not limited to, stoves, ovens, refrigerators, dishwashers, washers and dryers) in any vacant units.
Sample 1
Vacant Units i. If the owner intends to occupy the unit after completion of the work, the Grantee shall base its eligibility determination on the requirements set out for owner-occupied units in HUD Policy Guidance Number 2014-01.
Sample 1
Vacant Units a. The Grantee shall only perform work on vacant units for which the owner shall agree through some legally enforceable mechanism to comply with the eligibility requirements set out in Paragraphs S and U.
Sample 1
Vacant Units. Vacant units are increasingly subject to vandalism, squatters, theft and damage to air- conditioning compressors. BROKER shall check and/or show vacant units at least two (2) times per month. If more frequent checking is requested, this must be negotiated separately between BROKER and LANDLORD and there may be additional charges. Under no circumstances will BROKER be held liable for any loss or damage to the vacant premises. LANDLORD is aware that often homeowner’s insurance does not cover vacant properties and should consult their insurance agent. While the property is vacant OWNER shall maintain or have lawn maintained. Said maintenance will include but not limited to, cutting lawn, edging sidewalks, drives and flower beds, blow drives and walks rid planting beds of weeds and re-mulch to maintain a neat and well manicured lawn.
Sample 1
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Vacant Units. Vacant units are increasingly subject to vandalism, squatters, theft and damage to air conditioning compressors. Broker shall check and/or show vacant units at least once a month. If more frequent checking is requested, this must be negotiated separately between Broker and Landlord and there may be additional charges. Under no circumstances will Broker be held liable for any loss or damage to the vacant premises. Xxxxxxxx agrees to pay for additional cleaning that may be required to ensure the property is in move-in condition. Xxxxxxxx is aware that often Homeowner’s insurance does not cover vacant properties and should consult their insurance agent.
Sample 1

Related to Vacant Units

  • Membership Units The Company is initially organized with One (1) class of Membership Interests, designated in Units, which Units are initially the only class of equity in the Company. The Units shall have no par value and shall be of a single class with identical rights. The Company shall have a first lien on the Units of any Member for any debt or liability owed by such Member to the Company. Additional and different classes of Membership Interests represented by different Units may be created and issued to new or existing Members on such terms and conditions as the Governors may determine. Such additional and different classes may have different rights, powers and preferences (including, without limitation, voting rights and distribution preferences), which may be superior to those of existing Members. Members shall have no preemptive rights to acquire additional or newly created Units.

  • Partnership Units Each Partner shall own Partnership Units in the amounts set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately redemptions, additional Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on the number of Partnership Units held by, and the Percentage Interest of, any Partner. Each Partnership Unit shall entitle the holder thereof to one vote on all matters on which the Partners (or any portion of the Partners) are entitled to vote under this Agreement.

  • Common Units The capital structure of the Company shall consist of one class of common interests (the "Common Units"). The Company shall have authority to issue one thousand (1,000) Common Units. Each Common Unit shall have one vote and shall otherwise be identical with each other Common Unit in every respect.

  • Class B Units The term “Class B Units” means the Units having the privileges, preferences, and rights specified with respect to “Class B Units” in this Agreement, including those described in Section 7.1(c)(3).

  • Series A Preferred Units (a) The authorized number of Series A Preferred Units shall be unlimited. Series A Preferred Units that are purchased or otherwise acquired by the Partnership shall be cancelled.

  • Class B Shares As of December 1, 2009, Class B shares of the Virtus Mutual Funds are no longer available for purchase by new or existing shareholders, except for the reinvestment of dividends or capital gains distributions into existing Class B share accounts, and for exchanges from existing Class B share accounts to other Virtus Mutual Funds with Class B shares.

  • Class A Units If a Warrantholder exercises Warrants in connection with a tender offer for settlement prior to the First Regular Call Date, each Class A Unit called in connection with such exercise shall receive, in addition to principal and accrued interest, $1.50 per Class A Unit from the proceeds of the Warrant exercise. Class B Payments: If a Warrantholder exercises Warrants, then the Class B Units designated to be called in connection with such exercise shall receive the corresponding portion of the Class B Present Value Amount, adjusted for accrued Class B Payments on the Class B Units otherwise paid. If the Underlying Security Issuer redeems Underlying Securities and the previous paragraph does not apply, then the Class B Units designated for a redemption in connection with such redemption of Underlying Securities shall receive the amount with respect to the Class B Present Value Amount allocated for distribution in accordance with the applicable provisions of the Distribution Priorities below, paid as of the date of such redemption as an additional distribution.

  • Units Interests in the Partnership shall be represented by Units. The Units initially are comprised of one Class: Class A Units. The General Partner may establish, from time to time in accordance with such procedures as the General Partner shall determine from time to time, other Classes, one or more series of any such Classes, or other Partnership securities with such designations, preferences, rights, powers and duties (which may be senior to existing Classes and series of Units or other Partnership securities), as shall be determined by the General Partner, including (i) the right to share in Profits and Losses or items thereof; (ii) the right to share in Partnership distributions; (iii) the rights upon dissolution and liquidation of the Partnership; (iv) whether, and the terms and conditions upon which, the Partnership may or shall be required to redeem the Units or other Partnership securities (including sinking fund provisions); (v) whether such Unit or other Partnership security is issued with the privilege of conversion or exchange and, if so, the terms and conditions of such conversion or exchange; (vi) the terms and conditions upon which each Unit or other Partnership security will be issued, evidenced by certificates and assigned or transferred; (vii) the method for determining the Total Percentage Interest as to such Units or other Partnership securities; and (viii) the right, if any, of the holder of each such Unit or other Partnership security to vote on Partnership matters, including matters relating to the relative designations, preferences, rights, powers and duties of such Units or other Partnership securities. Except as expressly provided in this Agreement to the contrary, any reference to “Units” shall include the Class A Units and any other Classes that may be established in accordance with this Agreement. All Units of a particular Class shall have identical rights in all respects as all other Units of such Class, except in each case as otherwise specified in this Agreement.

  • OP Units Any portion of the Consideration payable hereunder in the form of common units of limited partnership interests of the Operating Partnership (“OP Units”) shall be registered in the name of Contributor. OP Units will not be delivered to Contributor unless Section 2.2(j) hereof is true and correct as of the Closing Date. No fractional OP Units will be issued and OP Units will be rounded to the nearest whole number. The Consideration payable to Contributor, whether in cash, in OP Units or a combination thereof, may be reduced by the amount the Operating Partnership reasonably determines must be withheld for tax purposes. The rights and obligations of holders of OP Units as of the Closing will be as set forth in the First Amended and Restated Agreement of Limited Partnership of the Operating Partnership (the “Partnership Agreement”), the form of which was filed as Exhibit 10.1 to Amendment No. 1 to the REIT’s Registration Statement on Form S-11 (File No. 333-231677), which the REIT filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 31, 2019 (the “IPO Registration Statement”). Although initially the OP Units will not be certificated and the Operating Partnership does not currently expect the OP Units will ever be certificated, any certificates, subsequently issued evidencing the OP Units will bear appropriate legends (i) indicating that the issuance of the OP Units has not been registered under the Securities Act of 1933, as amended (“Securities Act”) and that the OP Units may not be transferred absent registration under the Securities Act or an exemption from the registration requirements, (ii) indicating that the Partnership Agreement will restrict the transfer of the OP Units and (iii) describing the ownership limitations and transfer restrictions imposed by the charter of the REIT with respect to shares of the REIT’s capital stock.

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