Examples of Qualified Purchaser in a sentence
An Owner shall reserve and sell a For Sale Affordable Housing Unit to a Qualified Purchaser in accordance with this Covenant and the DOB Compliance Certification.
For all subsequent Unit Sales, the For Sale Affordable Housing Unit shall be sold to a Qualified Purchaser at a purchase price at or below the Maximum Resale Price.
By execution of a deed for the For Sale Affordable Housing Unit, Owner shall be deemed to represent and warrant to, and agree with, the District and, if applicable, the title company, each of whom may rely on the following: that (i) the purchaser is a Qualified Purchaser pursuant to the executed Certification of Income, Affordability, and Household Size and Declaration(s) of Eligibility received by Owner, and (ii) the sale price satisfies the requirements of this Covenant.
A Qualified Purchaser shall execute an Acknowledgment(s) of Covenant on or before the date of closing on such Unit Sale.
At least thirty (30) days prior to the initial closing and all subsequent closings for a For Sale Affordable Housing Unit, the Owner shall provide the Qualified Purchaser with a copy of this Covenant.