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.
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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.
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Examples of Ineligible Purchaser in a sentence

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

  • This section also argues that, even without Gant, courts should have realized and should now conclude that they have grossly misconstrued the scope of the first type of Buie search.

  • SEE ADDENDUM 4 FOR LIST OF OPTIONS If more than one Ineligible Purchaser offers to purchase the Property, the Monitoring Agent shall conduct a lottery or other like procedure to determine which Ineligible Purchaser shall be entitled to the conveyance of the Property.

  • If the Governmental Xxxxxx 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 Surgeon General (SG) is responsible for ensuring the day-to-day supervision of the USPHS Commissioned Corps.

  • 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.

  • 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.


More Definitions of Ineligible Purchaser

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
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Ineligible Purchaser. Section 10.b. “Initial Subsidy” – Section 13.2.‌‌‌‌
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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.
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Ineligible Purchaser means an individual or household not meeting the requirements to be eligible as an Eligible Purchaser.
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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 Xxxxxx Xxx, it being understood that the proceeds of loans originated by lenders intending to sell such loans to Xxxxxx Mae shall be deemed to be funds indirectly supplied by Xxxxxx Xxx, 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...
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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.
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Related to Ineligible Purchaser

  • Eligible Purchaser means an Eligible Dealer or a corporation, partnership or other entity which we have reasonable grounds to believe and do believe can make representations with respect to itself to substantially the same effect as the representations set forth herein; "Eligible Dealer" means any corporation or other entity having as a principal business acting as a broker or dealer in securities.

  • Ineligible Person shall include an individual or entity who: i. is currently excluded, debarred, suspended, or otherwise ineligible to participate in the Federal health care programs or in Federal procurement or nonprocurement programs; or ii. has been convicted of a criminal offense that falls within the scope of 42 U.S.C. § 1320a-7(a), but has not yet been excluded, debarred, suspended, or otherwise declared ineligible.

  • Public purchasing body means the State or the subdivision or agency making a public purchase. Government Code Section 4550.

  • Qualified Purchaser has the meaning assigned to such term in Section 12.06(e).

  • Eligible Investor Either (i) a Qualified Institutional Buyer that is purchasing for its own account or for the account of a Qualified Institutional Buyer to whom notice is given that the offer, sale or transfer is being made in reliance on Rule 144A or (ii) an Institutional Accredited Investor.