Existing Residents definition
Examples of Existing Residents in a sentence
The rental or occupancy agreements for any Other Existing Residents (“Existing Occupancy Agreements”, and together with the PSH Leases, the “Residential Agreements”) will be assigned to Tenant on the Effective Date using the form of Assignment of Leases attached hereto as Exhibit B.
Tenant will notify and coordinate with the City in the event that one or more PSH-Eligible Existing Residents do not execute a PSH Lease within sixty (60) days of the Effective Date.
After the Effective Date, Tenant will use commercially reasonable efforts to enter into a PSH Lease within sixty (60) days of the Effective Date with all PSH-Eligible Existing Residents.
The Developer shall implement and comply with the requirements of the relocation plan developed by the Authority for the relocation of the Existing Residents within or from the Master Development (the “Relocation Plan”).
CSC and the Existing Residents have caused this Global Amendment to be executed as of the day and year written below.
Funds held in the Segregated Account shall be used solely to fund the difference, if any, between the amount of a Refund due to one or more of the Existing Residents and the new Entrance Fee received in respect of the Residence of such Existing Resident(s) or Former Residents.
Existing Residents who have not paid a security deposit to CMHDC must pay a deposit of $50.00 within 1 year of signing the Lease.
Provided, however, in the event the death of an Existing Resident (or the death of the surviving Existing Resident if there are two (2) Existing Residents with respect to the Residency Agreement) between March 9, 2012 and the second anniversary of the Closing Date, such Existing Resident’s estate shall have the same option for such Reduced Refund to be paid on the fifth (5th) anniversary of the Closing Date.
The execution and delivery by CSC of this Global Amendment to Existing Residents who have signed and delivered this Global Amendment.
In addition, by executing this Global Amendment, the Existing Resident(s) acknowledge(s) that this Global Amendment has been carefully reviewed by the Existing Resident(s) or their legal representative.