AHIF Affordability Compliance Period definition

AHIF Affordability Compliance Period means the 60-year period commencing upon the Effective Date and expiring sixty (60) 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 Restrictive Covenants and Article IV of this Agreement.
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AHIF Affordability Compliance Period means the 70-year period commencing upon the date all necessary certificates of occupancy are issued by the Arlington County government for one hundred percent (100%) of the apartment units in the Berkeley I Apartments complex and expiring seventy (70) 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.
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AHIF Affordability Compliance Period means the 60-year period commencing upon the date the final certificate of occupancy is issued by Arlington County for the last residential apartment unit rehabilitated pursuant to the Xxxxxx House II Apartment Complex Rehabilitation Project and expiring sixty (60) 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 AHIF Restrictive Covenants and Article IV of this Agreement.
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Examples of AHIF Affordability Compliance Period in a sentence

  • Subject to the AHIF Affordability Compliance Period, the AHIF Acquisition Loan and this Agreement shall have a term (the “Term”) of twenty-four (24) months that expires on July 1, 2018.

  • Borrower hereby covenants and agrees for itself, its successors and its assigns that, subject to the Restrictive Covenants, the covenants and restrictions set forth in this Article IV shall run with the land, and shall bind all successors in title to the Xxxxxxx Place Property during the AHIF Affordability Compliance Period, provided however, that upon the expiration of the AHIF Affordability Compliance Period, said covenants and restrictions shall automatically expire.

  • Borrower hereby covenants and agrees for itself, its successors and its assigns that, for the duration of the AHIF Affordability Compliance Period, Borrower shall permit the County Staff or their designated representatives to enter upon the Xxxxxxx Place Property, to inspect the real property and any and all improvements.

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

  • 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 Acquisition Note.

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


More Definitions of AHIF Affordability Compliance Period

AHIF Affordability Compliance Period means the 60-year period commencing upon the date the final certificate of occupancy is issued by Arlington County for the last residential apartment unit rehabilitated pursuant to the Fisher House II Apartment Complex Rehabilitation Project and expiring sixty (60) 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 Amended and Restated AHIF Restrictive Covenants and Article IV of this Agreement.
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AHIF Affordability Compliance Period means the 60-year period commencing upon the date the final certificate of occupancy for the residential apartment units in Columbia Hills West Apartments is issued by Arlington County and expiring sixty (60) 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 Restrictive Covenants and Article IV of this Agreement.
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AHIF Affordability Compliance Period means the 60-year period commencing uponEffective Date, and expiring at 11:59 p.m. on August , 2074, during which time the Borrowercovenants and agrees for itself, its successors or its assigns to comply with each restriction and covenant set forth in the Restrictive Covenants and Article IV of this Agreement.
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AHIF Affordability Compliance Period means the seventy-five (75) year period commencing upon the In-Service Date and expiring seventy-five (75) 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.
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AHIF Affordability Compliance Period means the 75-year period commencing upon the date the permanent certificate of occupancy for the buildings comprising the Clarendon Court Apartments and one hundred percent (100%) of the residential apartment units in Clarendon Court Apartments is issued by Arlington County and expiring seventy-five (75) 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 Restrictive Covenants and Article IV of this Agreement.
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Related to AHIF Affordability Compliance Period

  • Distribution Compliance Period means the period that ends 40 days after the completion of the distribution of each Tranche of Notes, as certified by the relevant Dealer (in the case of a non-syndicated issue) or the relevant Lead Manager (in the case of a syndicated issue);

  • 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.

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

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

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

  • 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;

  • Compliance Forester means the DNR staff person(s) identified in the Pre-Work Conference who perform the compliance inspections, approve Work, recommend payment to the Contract Manager, and manage the Work Schedule.

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