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

  • 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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  • 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.

  • The County 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.

  • As a material inducement for the County Board’s willingness to enter into this Agreement, and in consideration of the County Board loaning the AHIF Loan funds to the Borrower, the Borrower hereby covenants and agrees for itself, its successors and its assigns, to comply with each restriction and covenant set forth in the Restrictive Covenants and this Article IV throughout the entire AHIF Affordability Compliance Period.

  • This AHIF Note is secured by the AHIF Deed of Trust conveying the Borrower’s interest in the Property as security for this AHIF Note and the Restrictive Covenants containing covenants, conditions and restrictions regarding the ownership, operation, use, rent and occupancy of the Property during the AHIF Affordability Compliance Period, each dated as of the date hereof and executed by the Borrower for the benefit of the County as described therein.


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 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 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 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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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 sixty (60) year period commencing upon the In-Service 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 Amended and Restated Restrictive Covenants and Article IV of this Agreement.
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Related to AHIF 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.

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

  • 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.

  • 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.

  • 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.