Rental Phase definition

Rental Phase. A Phase consisting of rental housing. The current and anticipated Rental Phases are further described and defined in Section 2.1.
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Rental Phase means the period commencing on the Acquisition Date and ending at the end of the Lease Term, as defined in Section 2.1 of the Lease, during which Base Rental payments under the Lease shall be made by the District in consideration of the use and occupancy of the Leased Premises.
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Rental Phase means a Phase consisting of rental housing.
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Examples of Rental Phase in a sentence

  • With respect to each Rental Phase, the City will convey fee title to the Development Site to the Owner Partnership.

  • The City shall be responsible for the design, engineering and construction of all new public improvements required to serve the Rental Phase 1 development to include: water and sewer lines, gas and electric utilities, streets, street lighting, sidewalks, curbs, street trees and other elements within the public right of way, all as more particularly described in the design documents and bid packages relating to the CDBG Agreement (the “Public Improvements”).

  • The developer will provide a schedule for Rental Phase 2 within 90 days after the preliminary application for low-income housing tax credits is submitted to NCHFA, and more generally shall supplement and update the Master Schedule relative to any additional Approved Phase.

  • This section shall not survive Closing of a Rental Phase) or termination of the services of the Contractor under this contract (but similar provisions may be included within loan documents relating to each Rental Phase).

  • On September 12, 2011 the City and Southside Revitalization Phase I LP (the “Rental Phase 1 Owner Partnership”) entered into a Predevelopment Loan Agreement (the “Rental Phase 1 Predevelopment Loan Agreement”) pursuant to which the City agreed to provide funding for, and the Rental Phase 1 Owner Partnership agreed to carry out, certain predevelopment activities in support of “Rental Phase I” (as defined below).

  • The parties each expect that the 2012 CDBG Agreement will provide for a scope of work and funding amounts sufficient to meet the parties’ expectations as of the date of such agreement for Site Preparation Work for the entire 20-acre Revitalization Site and for Public Improvement work relative to the approximately 7-acre Rental Phase 1 Development Site.

  • The City Council has granted to the Developer an option to purchase the land upon which Rental Phase 1 will be constructed for the sum of One Dollar ($1.00).

  • A copy of the Management Agreement shall be submitted to the City for its approval prior to the Closing of Rental Phase 1.

  • The present understandings between the City and the Developer with respect to such relationships as they relate to the Rental Phases, as will be memorialized and further detailed in separate agreements at the Closings of each Rental Phase, are summarized in the following provisions of this Article 7.

  • With respect to each Rental Phase, the initial property management agent engaged by the Owner Partnership will be XxXxxxxxx Xxxxx Xxxxx Management Services, Inc., an affiliate of the Developer (“Management Agent”).

Related to Rental Phase

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Construction Phase means that Phase of the Project which shall commence after the Authority provides the Trade Contractor with written Notice to Proceed with the Construction Phase.

  • Commencement Date means the date of this Agreement;

  • Base Rent As defined in Section 3.1.