Ineligible Unit definition

Ineligible Unit shall have the meaning set forth in Section 5.5 hereof.

Ineligible Unit means any unit for which less than 5 years’ regular fortnightly contributions have been made prior to retirement, except where —

Ineligible Unit has the meaning given to such term in Section 5.11.2(a).

Examples of Ineligible Unit in a sentence

• In addition, for each Ineligible Unit, the Developer shall pay the Authority $7,875 to repay the Authority for the portion of the loan described in Section 3.9 allocable to the Ineligible Unit and the principal amount of the TIF Notes will be reduced by$30,000 for each Ineligible Unit.

• If the Developer sells more than four (4) units of Owner-Occupied Housing to persons who do not meet the income restrictions set forth in Section 4.5, each such unit will be an “Ineligible Unit.” For each Ineligible Unit, the Authority will remove the Ineligible unit from the TIF District.

• Ineligible Unit means a Unit held by an Ineligible Foreign Securityholder on the Record Date.

• When Landlord Replaces Heating System in an Ineligible Unit in a Multi-Unit Dwelling A duplex, which has separate heating systems for each unit, has an unsafe heating system in a unit containing an ineligible household.

More Definitions of Ineligible Unit

Ineligible Unit has the meaning set forth in Section 3.10 of the Allocations Exhibit

Ineligible Unit has the meaning given to such term in Section 4.14(b)(i).

Ineligible Unit has the meaning set forth in Section 5.01(j)(i).