Eligible Homeowner definition
Examples of Eligible Homeowner in a sentence
Shares of preferred ---------- ---------------------------------- stock may not be issued or transferred to, or owned by, any person who is not an Eligible Homeowner.
Shares of common stock --------- ------------------------------- may not be issued or transferred to, or owned by, any person who is not an Eligible Homeowner (as that term is defined in the Certificate of Incorporation of the Corporation).
If Qualifying Life-Safety Issues are found to be present, the Settlement Administrator will process the Eligible Homeowner’s claim and issue payment of $10,000 to the Eligible Homeowner.
If no Qualifying Life-Safety Issues are found to be present, the Settlement Administrator will process the Eligible Homeowner’s claim and issue payment of $1,000 to the Eligible Homeowner.
Such MPI Stockholder shall give an additional written notice to MPI and BRC containing the aforesaid information promptly upon ceasing to be an Eligible Homeowner.
This applies to any Eligible Homeowner or Tenant of an Owner Occupied Property, or Tenant of a Residential Rental Property, that is the subject of a sale to the Port under the Neighborhood Acquisition Plan described in Exhibit C.
Any Eligible Homeowner who does not already own one share of Preferred Stock shall be entitled to be issued one share of preferred stock upon payment of Twenty-Five Dollars ($25.00) to the Corporation, provided that where two or more Eligible Homeowners are co-owners of a mobile home located on a lot in the Park, only one share of Preferred Stock shall be issued to such Eligible Homeowners.
To be eligible for restitution, the Eligible Homeowner must file a claim within 90 days of the Effective Date and schedule a claim evaluation review by 120 days from the date the Settlement Administrator mails the notice.