Ineligible Purchaser definition

Ineligible Purchaser means any owner or operator of a multifamily housing facility within the City which has either: (i) repeatedly violated the building or habitability codes of the City; or (ii) been convicted of criminal violations relating to the ownership or operation of multifamily housing in the City.

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Ineligible Purchaser means any owner or operator of a multifamily housing facility within the City of Los Angeles which has either: (i) repeatedly violated the building or habitability codes of the City of Los Angeles; or (ii) been convicted of criminal violations relating to the ownership or operation of multifamily housing in the City of Los Angeles.

Ineligible Purchaser means any owner or operator of a multifamily housing facility within the County which has either: (i) repeatedly violated the building or habitability codes of the County; or (ii) been convicted of criminal violations relating to the ownership or operation of multifamily housing in the County.

Examples of Ineligible Purchaser in a sentence

• If the Governmental ▇▇▇▇▇▇ fails to deliver written notice to the Fiscal Agent of such determination within 10 calendar days of receipt of notice of proposed transfer, the Fiscal Agent shall conclude that such transferee is not an Ineligible Purchaser.

• The sales price that the owner may charge for a Transfer of the Residence to an Ineligible Purchaser shall be reached by mutual consent between the owner and buyer of the residence.

• If the Governmental Lender fails to deliver written notice to the Fiscal Agent of such determination within 10 calendar days of receipt of notice of proposed transfer, the Fiscal Agent shall conclude that such transferee is not an Ineligible Purchaser.

• Except in connection with a sale of the Company by merger or otherwise, prior to the consummation of an IPO, the Bentleys hereby agree not to: (i) Transfer any Company Stock to an Ineligible Purchaser (other than another Bentley); or (ii) Transfer any Company Stock to any transferee unless such transferee agrees in writing not to Transfer the Company Stock prior to the consummation of an IPO, to an Ineligible Purchaser.

• Failure of the Company to deliver such written notice within such ten Business Day period shall be deemed a determination by the Company that the proposed Transferee is not a an Ineligible Purchaser or a Disqualified Purchaser.

More Definitions of Ineligible Purchaser

Ineligible Purchaser means any owner or operator of a multifamily housing facility within the City which has either: (i) repeatedly violated the building or habitability

Ineligible Purchaser means a party who is not in compliance with City of Los Angeles loan repayments, Housing Authority of the City of Los Angeles loan repayments, regulatory agreements in the Housing Authority of the City of Los Angeles or other bond transactions, is debarred by the United States Department of Housing and Urban Development, has unacceptable financial statements in the Governmental Lender’s sole judgment, has unpaid property taxes, lapsed insurance or outstanding cited habitability violations, owns or operates a property that is part of any of the City of Los Angeles’ compliance monitoring programs due to unabated habitability violations (i.e., REAP), or has been convicted of criminal violations relating to the ownership or operation of multifamily housing in the City of Los Angeles.

Ineligible Purchaser means any Person who is, or whose Affiliate is, (i) identified on any of the Lists (defined below), (ii) a “Designated National” as defined in the Cuban Assets Control Regulations, 31 C.F.R. Part 515, (iii) a Person designated under Section 1(b), (c) or (d) of Executive Order No. 13224 (September 23, 2001), any related enabling legislation, any other similar Executive Order or any similar regulation, (iv) a Person who has been convicted of a felony involving moral turpitude in any state or federal court, (v) a Person who is then the subject of any investigation by any governmental authority or any class action litigation in which it is alleged that it or any of its Affiliates has engaged in “predatory” or other improper lending or servicing or other unethical or improper business conduct, (vi) the Agent or an Affiliate of the Agent, (vii) a Person who has at any time owned an interest in the Property, which interest was foreclosed upon, or who will finance all or any portion of the purchase price of the Property with funds (either debt or equity) directly or indirectly supplied by ▇▇▇▇▇▇ ▇▇▇, it being understood that the proceeds of loans originated by lenders intending to sell such loans to ▇▇▇▇▇▇ Mae shall be deemed to be funds indirectly supplied by ▇▇▇▇▇▇ ▇▇▇, or (viii) a Person who will not continue to operate the Property as a multifamily residential property, including ancillary uses consistent with multifamily residential properties. Buyer covenants and agrees to use commercially reasonable efforts to ensure that neither Buyer, nor any of its respective officers, directors, shareholders, partners, members or associates, and no other direct or indirect holder of any equity interest in Buyer will: (i) conduct any business, or engage in any transaction or dealing, with any person on the List; or (ii) engage in or conspire to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in the Executive Order No. 13224 (September 23, 2001) or other applicable laws. On request by Seller from time to time, Buyer further covenants and agrees promptly to deliver to Seller any such certification or other evidence as may be requested by Seller in its sole and absolute discretion, confirming that, to Buyer’s knowledge, no violation of this Section shall have occurred. Federal law requires Seller to ensure that it does not transact business with persons or entities on the L...

Ineligible Purchaser means any Person whom the Board reasonably determines is engaged to any substantial extent, directly or through Subsidiaries, in the business of owning, operating or managing movie theaters, or distributing or exhibiting motion pictures, in any country or other jurisdiction in the world in which the Company or its Subsidiaries is then engaged in any such business and has material operations that compete in any of the same geographic markets in which such Person engages in any such business.

Ineligible Purchaser means an individual or household not meeting the requirements to be eligible as an Eligible Purchaser.

Ineligible Purchaser. Section 10.b. “Initial Subsidy” – Section 13.2.‌‌‌‌