Examples of Eligible Residence in a sentence
No dividends or other distributions with respect to Netscape Common Stock declared or made after the Effective Time and with a record date after the Effective Time will be paid to the holder of any unsurrendered Certificate with respect to the shares of Netscape Common Stock represented thereby until the holder of record of such Certificate shall surrender such Certificate.
Unless local zoning laws require a larger lot or the value of the land is less than 30% of the appraised value of the residence, the lot of an Eligible Residence may not exceed one acre for New Homes, Mobile Homes being permanently attached to a new site, and farms, and three acres for other homes.
The Equipment must be located in an Eligible Residence and: (a) Located within the confines of the permanent foundation of an Eligible Residence; (b) Properly installed and in proper working order on the Effective Date; (c) Safely and easily accessible for diagnosis and repair by the Authorized RepairTechnician; and (d) Located in a safe environment for the Authorized Repair Technician.
A residence intended to be used in a trade or business (other than the rental of units not occupied by the Mortgagor in a 2 to 4 unit residence) is not an Eligible Residence unless otherwise permitted by MaineHousing in accordance with § 143 of the Internal Revenue Code.
An Eligible Residence must be located in the State of Maine; be structurally and functionally sound; comply with all applicable zoning, building and health codes and similar requirements; meet applicable private mortgage insurance, federal mortgage insurance or guaranty program requirements; and satisfy prudent lending standards.