Restricted Units definition

Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”

Restricted Units has the meaning set forth in the recitals to this Award Agreement.

Restricted Units means Units credited to an Eligible Person which are subject to Restrictions at the beginning of a Restricted Period pursuant to an Award made to such Eligible Person under Article 5, and any Dividend Equivalent Units that are credited to the Eligible Person with respect to such Units during such Restricted Period as provided in Article 5.

Examples of Restricted Units in a sentence

• Borrower shall advertise vacancies of the Restricted Units in general distribution newspapers that circulate throughout the County.

• The Restricted Units shall be rented to Qualified Tenants in accordance with the following terms.

• The marketing plan will apply to all of the units in the Project, including the Restricted Units (but not including the Manager’s Unit).

• Borrower shall manage the Restricted Units in accordance with the approved Management Plan, including such amendments as may be approved in writing from time to time by the Director, for the Qualified Project Period.

• In consideration of the Loan to the Borrower, the Borrower has entered into this Agreement and has agreed to restrict the Restricted Units of the Project on the terms and conditions set forth herein.

More Definitions of Restricted Units

Restricted Units means the dwelling units in the Project identified on Exhibit “B” attached hereto and incorporated herein required to be rented to, or held available for occupancy by Qualified Tenants pursuant to the terms, covenants and conditions of this Agreement, including, but not limited to, the rental restrictions and other matters set forth in said Exhibit "B" and the other Loan Documents.

Restricted Units means the restricted units under the LTIP.

Restricted Units means Units granted or sold pursuant to Section 7 as to which neither the ownership restrictions nor the restrictions on transfer have expired.

Restricted Units means units awarded pursuant to Section 6.2(f) of this Plan.

Restricted Units means Units awarded to a Grantee pursuant to Section 10.

Restricted Units has the meaning set forth in Section 4.3(a).

Restricted Units means Units, granted under Section 6.04 hereof, that are subject to certain restrictions.