Open Market Housing Units definition

Open Market Housing Units means the dwellings to be constructed in accordance with the Permission which are not Affordable Housing Units
Sample 1Sample 2
Open Market Housing Units means the Residential Units comprised in the Total Housing Units which are not Affordable Housing Units;
Sample 1Sample 2
Open Market Housing Units means the dwellings to be constructed in accordance with the Permission which are not Affordable Housing Units.
Sample 1

Examples of Open Market Housing Units in a sentence

  • For all phases of development SAVE FOR Emerald and Pink phases, prior to the commencement of any superstructure works in each and every phase full details of the timetable for the first occupation of all of the Affordable Housing Units in that phase in relation to the first occupation of the Open Market Housing Units in that phase shall be submitted to and approved in writing by the Local Planning Authority.

  • Not to complete more than 70% of the Open Market Housing Units until the financial contribution has been paid to the Council.

  • Schedule 13 of the section 106 agreement requires the delivery of Moselle Square prior to the occupation of 90% of the Open Market Housing Units in Phase A of the Regeneration Scheme, or prior to the Occupation of 780 Open Market Housing Units, whichever is earlier.

  • In terms of the Agreement it was agreed that 11 of the housing units on the site would be Affordable Housing Units and that the remaining 38 would be Open Market Housing Units.

  • It may also be reasonably inferred from the S106 Agreement that Lendlease requires the sale of Open Market Housing Units to fund the delivery of Moselle Square.

  • However, the Development Plan does not impose any legal obligafions on Lendlease, and the S106 Agreement provides at paragraph5.2 to Schedule 14, only the obligafion that “[the] Developer shall provide and Pracfically Complete the Library and Learning Centre […] prior to the Occupafion of more than 95% of Open Market Housing Units in the Plot within which the Library and Learned is located”.


More Definitions of Open Market Housing Units

Open Market Housing Units means the Residential Units comprising 250 Habitable Rooms which are to be sold or let on the open market and which are not Affordable Housing Units;
Sample 1
Open Market Housing Units means dwelling houses constructed pursuant to the Planning Permission which are not Affordable Housing Units“Plan”means the plan attached to this Deed with reference number“Planning Permission”means the full planning permission subject to conditions to be granted by the Council pursuant to the Application as set out in the First Schedule.“Planning Obligation”means those obligations contained in the Second Schedule and the Third Schedule to this Deed and reference to “Planning Obligation” shall be construed accordingly.“Protected Tenant”means any tenant or leaseholder who: (a) has exercised the right to acquire an Affordable Rented Unit or a Social Rented Unit (as the case may be) pursuant to the Housing Act 1996 or any statutory provision for the time being in force; or(b) has exercised any statutory right to buy an Affordable Rented Unit or a Social Rented Unit; or(c) purchased 100% of the equitable shares of a Shared Ownership Unit so that the said leaseholder or purchaser owns the Dwelling.“Public Open Space Contribution”means the sum of £75,000 (seventy five thousand pounds to be used towards the improvement and maintenance of Scott Park to provide off- site public open space to serve the residents of the Development and which shall be paid in accordance with Part 3 of the Second Schedule“Registered Provider”means a registered provider of social housing as defined in Part 2 of the Housing and Regeneration Act 2008 who is registered with the Regulator of Social housing pursuant to Chapter 3 of Part 2 of the said Act and has not been removed from the register pursuant to Section 118 or Section 119 of that Act and which is party to the District Council’s Joint Commissioning Partnership or if not a party to the District Council’s Joint Commissioning Partnership or if not a registered provider of social housing as defined in Part 2 of the Housing and Regeneration Act 2008 as otherwise agreed in writing by the Council (acting reasonably).“Regulator of Social Housing”means a body established under section 80A of the Housing andRegeneration Act 2008 (as amended) as the body responsible for the regulation of social housing providers in England and shall include any
Sample 1
Open Market Housing Units means the Residential Units comprised in the Total Housi ng Units which are not Affordable Housing Units;
Sample 1

Related to Open Market Housing Units

  • Affordable Housing Units – means the Affordable Housing to be provided as part of the development in accordance with the application and/or any subsequent reserved matters approval.

  • Current Market Value per Unit at any date means: (A) in the event that neither the Units nor Public Warrants are still trading, the remainder derived from subtracting (x) the exercise price of the Warrants multiplied by the number of shares of Common Stock issuable upon exercise of the Warrants underlying one Unit from (y) (i) the Current Market Price of the Common Stock multiplied by (ii) the number of shares of Common Stock underlying one Unit, which shall include the shares of Common Stock underlying the Warrants included in such Unit; (B) in the event that the Units, Common Stock and Public Warrants are still trading, (i) if the Units are listed on a national securities exchange or quoted on the Nasdaq National Market, Nasdaq SmallCap Market or NASD OTC Bulletin Board (or successor exchange), the last sale price of the Units in the principal trading market for the Units as reported by the exchange, Nasdaq or the NASD, as the case may be, on the last trading day preceding the date in question; or (ii) if the Units are not listed on a national securities exchange or quoted on the Nasdaq National Market, Nasdaq SmallCap Market or the NASD OTC Bulletin Board (or successor exchange), but is traded in the residual over-the-counter market, the closing bid price for Units on the last trading day preceding the date in question for which such quotations are reported by the Pink Sheets, LLC or similar publisher of such quotations; and (C) in the event that the Units are not still trading but the Common Stock and Public Warrants underlying the Units are still trading, the Current Market Price of the Common Stock plus the product of (x) the Current Market Price of the Public Warrants and (y) the number of shares of Common Stock underlying the Warrants included in one Unit. The “Current Market Price” shall mean (i) if the Common Stock (or Public Warrants, as the case may be) is listed on a national securities exchange or quoted on the Nasdaq National Market, Nasdaq SmallCap Market or NASD OTC Bulletin Board (or successor exchange), the last sale price of the Common Stock (or Public Warrants) in the principal trading market for the Common Stock as reported by the exchange, Nasdaq or the NASD, as the case may be, on the last trading day preceding the date in question; (ii) if the Common Stock (or Public Warrants, as the case may be) is not listed on a national securities exchange or quoted on the Nasdaq National Market, Nasdaq SmallCap Market or the NASD OTC Bulletin Board (or successor exchange), but is traded in the residual over-the-counter market, the closing bid price for the Common Stock (or Public Warrants) on the last trading day preceding the date in question for which such quotations are reported by the Pink Sheets, LLC or similar publisher of such quotations; and (iii) if the fair market value of the Common Stock cannot be determined pursuant to clause (i) or (ii) above, such price as the Board of Directors of the Company shall determine, in good faith. In the event the Public Warrants have expired and are no longer exercisable, no “Value” shall be attributed to the Warrants underlying this Purchase Option. Additionally, in the event that this Purchase Option is exercised pursuant to this Section 2.3 and the Public Warrants are still trading, the “Value” shall be reduced by the difference between the Warrant Exercise Price and the exercise price of the Public Warrants multiplied by the number of Warrants underlying the Units included in the portion of this Purchase Option being converted.