Affordability Compliance Period definition

Affordability Compliance Period means, the period of twenty (20) consecutive year beginning with the first year of following the execution of this Declaration by all the Parties.
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Affordability Compliance Period means the 75-year period commencing upon the date the final certificate of occupancy for the residential apartment units in the Shell Apartments is issued by Arlington County, and ending no later than December 31, 2089, during which time the Borrower covenants and agrees for itself, its successors or its assigns to comply with each restriction and covenant set forth in the Amended and Restated Borrower Declarations and Article IV of this Agreement.
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Affordability Compliance Period means the period of time from the date a residential 1-4 unit property is transferred to a LMI Purchaser from HLB or from an Approved Builder who had acquired the property from HLB for the purposes of providing said residential property.
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Examples of Affordability Compliance Period in a sentence

  • Any such prepayment shall have no effect upon the Borrower’s obligations and covenants under Article IV of this Agreement which shall survive for the full term of the AHIF Affordability Compliance Period.

  • Borrower hereby covenants and agrees for itself, its successors and its assigns that, for the duration of the AHIF Affordability Compliance Period, Borrower shall provide for the competent and responsible management and operation of the Property and any improvements thereon.

  • The Restrictive Covenants and Article IV of the Loan Agreement shall remain in full force for the entire AHIF Affordability Compliance Period regardless of any prepayment of this AHIF Note.

  • Any such Annual Payments shall have no effect upon the Borrower’s obligations and covenants under Article IV of this Agreement which shall survive for the full term of the AHIF Affordability Compliance Period.

  • The Restrictive Covenants shall remain effective for the full term of the AHIF Affordability Compliance Period and shall survive the repayment of this AHIF Note.

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  • Any such prepayment shall have no effect upon the Borrower’s obligations and covenants under Article IV of this Agreement which shall survive for the full term of the Affordability Compliance Period.

  • The City's interpretation of this Declaration shall be controlling for purposes of determining whether (i) the Affordability Compliance Period has commenced, and (ii) this Declaration shall have been terminated in accordance with Section 5 hereof.

  • To the extent that Tenants pay their own utility charges, the maximum monthly rent shall be reduced by a Utility Allowance, as set forth on Exhibit G hereto (which Exhibit G shall be replaced and updated from time to time by the County Manager or his designee during the term of the AHIF Affordability Compliance Period), or as otherwise agreed to by the Borrower and the County Manager or his designee.

  • During the term of the Affordability Compliance Period, the Project Owner will utilize a VAWA lease term/addendum provided by the City to incorporate all requirements that apply to the owner or lease under 24 CFR part 5, subpart L, including the prohibited bases for eviction and restrictions on construing lease terms under 24 CFR 5.2005(b) and (c).


More Definitions of Affordability Compliance Period

Affordability Compliance Period means the period of years commencing on December 8, 2006 and expiring December 1, 2071 at 11:59 p.m., during which time the Borrower covenants and agrees for itself, its successors or its assigns to comply with each restriction and covenant set forth in the Amended and Restated County Restrictive Covenants and Article IV of this Agreement.
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Affordability Compliance Period means, the period of fifteen (15) consecutive year beginning with the first year of following the execution of this Declaration by all the Parties for homebuyer developments. The term shall be twenty (20) consecutive years for rental developments.
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Affordability Compliance Period means the three (3) year period commencing upon the Effective Date and expiring August 1, 2021 three (3) years later at 11:59 p.m., during which time the Borrower covenants and agrees for itself, its successors or its assigns to comply with each restriction and covenant set forth in the County Restrictive Covenants and Article IV of this Agreement. If, pursuant to Section 2.02 below, the Borrower extends the term of the County Loan and this Agreement to January 1, 2022, the term of the Affordability Compliance Period shall automatically be extended to January 1, 2022.
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Affordability Compliance Period means the period of time from the Effective Date through December 31, 2072, during which time the Borrower covenants and agrees for itself, its successors or its assigns to comply with each restriction and covenant set forth in the Amended and Restated Borrower Declarations and Article IV of this Agreement.
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Related to Affordability Compliance Period

  • Distribution Compliance Period with respect to any Notes, means the period of 40 consecutive days beginning on and including the later of (i) the day on which such Notes are first offered to Persons other than distributors (as defined in Regulation S under the Securities Act) in reliance on Regulation S and (ii) the issue date with respect to such Notes.

  • Safety compliance facility means a licensee that is a commercial entity that receives marihuana from a marihuana facility or registered primary caregiver, tests it for contaminants and for tetrahydrocannabinol and other cannabinoids, returns the test results, and may return the marihuana to the marihuana facility.

  • Initial compliance period means the three-year compliance period that begins January 1, 1993, except for the MCLs for dichloromethane, 1,2,4-trichlorobenzene, 1,1,2-trichloroethane, benzo(a)pyrene, dalapon, di(2-ethylhexyl)adipate, di(2-ethyl- hexyl)phthalate, dinoseb, diquat, endothall, endrin, glyphosate, hexachlorobenzene, hexachlorocyclopentadiene, oxamyl, picloram, simazine, 2,3,7,8-TCDD, antimony, beryllium, cyanide, nickel, and thallium, as they apply to a supplier whose system has fewer than 150 service connections, for which it means the three-year compliance period that began on January 1, 1996.

  • Compliance Period means a period of time that the Development shall conform to all set-aside requirements as described further in the rule chapter and agreed to by the Applicant in the Application.

  • Repeat compliance period means any subsequent compliance period after the initial compliance period.

  • Affordability average means the average percentage of median income at which restricted units in an affordable housing development are affordable to low- and moderate-income households.

  • Affordability means a housing unit that satisfies at least one of the following criteria:

  • Period of Affordability means the time during which HOME Loan financed units must remain affordable to eligible households, as defined by HOME program regulations and this Plan. The Period of Affordability shall commence upon completion of the project and shall run for the period required under HOME regulations or the term of the HOME Loan, whichever is greater. Completion shall be defined as set forth in the HUD regulations for the HOME program.

  • Compliance year means the calendar year beginning with June 1 and ending with May 31 of the following year, for which a Retail Electricity Supplier must demonstrate that it has met the requirements of this Regulation.

  • Compliance cycle means the nine-year calendar year cycle during which public water systems must monitor. Each compliance cycle consists of three three-year compliance periods. The first calendar year cycle begins January 1, 1993 and ends December 31, 2001; the second begins January 1, 2002 and ends December 31, 2010; the third begins January 1, 2011 and ends December 31, 2019.

  • Year 2000 Compliance has the meaning set forth in section 17.29 of the Management Agreement.

  • Affordability Period means the period during which the average rent in a Project is required to be maintained at an affordable level, as determined in accordance with the Program Guidelines or as otherwise established by the County;

  • Insurance Affordability Program means a program that is one of the following:

  • Compliance Plan means the compliance obligations, program, and procedures described in this Consent Decree at paragraph 13.

  • Trading Compliance Policy means the written policy of the Company pertaining to the purchase, sale, transfer or other disposition of the Company’s equity securities by Directors, Officers, Employees or other service providers who may possess material, nonpublic information regarding the Company or its securities.

  • Compliance Review means an inspection of the home, grounds, and files to determine compliance with these regulations.

  • Long-term inpatient care means inpatient services for

  • Regulatory Flood Protection Elevation means the “Base Flood Elevation” plus the “Freeboard”. In “Special Flood Hazard Areas” where Base Flood Elevations (BFEs) have been determined, this elevation shall be the BFE plus two (2) feet of freeboard. In “Special Flood Hazard Areas” where no BFE has been established, this elevation shall be at least two (2) feet above the highest adjacent grade.

  • Covenant Compliance Event means, at any time, Availability is less than the greater of (i) ten percent (10%) of the Loan Cap and (ii) $15,000,000. The termination of a Covenant Compliance Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Covenant Compliance Event in the event that the conditions set forth in this definition again arise.

  • Alternative Compliance Payment or "ACP" means a payment of a certain dollar amount per megawatt hour, which a Retail Electricity Supplier may submit in lieu of supplying the minimum percentage of RECs required under Section 3.3.4 of this Regulation.

  • Compliance Audit means the procedure (in a form advised by the GLA from time to time) by which an auditor independent of the Grant Recipient certifies (at the Grant Recipient's cost) whether the Named Projects developed or Rehabilitated pursuant to this Agreement satisfy the GLA's procedural compliance requirements (as described in the Affordable Housing Capital Funding Guide);

  • Compliance Program means the program established by CNYCC to prevent, detect, and address compliance issues that arise with respect to PPS operations, projects or activities.

  • Environmental Compliance Reserve means any reserve which the Agent establishes in its reasonable discretion after prior written notice to the Borrower from time to time for amounts that are reasonably likely to be expended by the Borrower in order for the Borrower and its operations and property (a) to comply with any notice from a Governmental Authority asserting material non-compliance with Environmental Laws, or (b) to correct any such material non-compliance identified in a report delivered to the Agent and the Lenders pursuant to Section 7.7.

  • Compliance Department means the Chief Compliance Officer of Federated and those other individuals designated by him or her as responsible for implementing this Code and the Associated Procedures.

  • major non-compliance outcome notification means a notification received by a council under section 19N(3) or (4) of the Food Act 1984, or advice given to council by an authorized officer under that Act, of a deficiency that does not pose an immediate serious threat to public health but may do so if no remedial action is taken

  • Compliance Date means, in each case, the date by which compliance is required under the referenced provision of ARRA’s or HIPAA’s implementing regulations, as applicable.