Examples of Direct Lease in a sentence
The ability to use stand-alone residential sites that are not typically available to the public distinguishes Direct Lease from MLR (e.g., FEMA may lease a vacation property when apartments are unavailable).
As the Territory identifies the full impact of outstanding first-in funding support from programs like FEMA’s Temporary Sheltering and Direct Lease programs, its Multi-Family Lease and Repair program for rental housing, the Permanent Housing Construction program for owner-occupied units, and the STEP program it will compile and analyze data to understand ongoing repair needs.
FEMA developed its Direct Lease program in 2017, and it has been implemented since 2018 as a form of Direct Temporary Housing Assistance (email correspondence from FEMA Congressional Affairs staff, March 9, 2019).
Optionee shall have performed and complied in all material respects with all covenants, agreements, terms and conditions required by this Agreement to be performed or complied with by Optionee prior to or at the Closing, and no default (that continues beyond all applicable notice and cure periods) of any material term has occurred under the USC Lease, or the Direct Lease, as applicable, following the delivery of the Option Notice.
Optionee may exercise the Option (if at all) at any time during the final five (5) years of the USC Lease or the Direct Lease, as applicable, provided Optionee has satisfied the conditions set forth in Section 3.1, but no later than that date which is eighteen (18) months prior to the expiration of the Term including any Extension Term of the USC Lease or Direct Lease, as applicable (the “Option Expiration Date”) by delivering a written notice to Owner (the “Option Notice”).