Serviced Condition definition

Serviced Condition means the remediation of the land to a standard fit for its end use having made up access from the relevant Self-Build and Custom-Housebuilding Plot to public highway or private accessway to an adoptable standard is provided along with made up utilities/services connection (including gas (if applicable), electricity, telecommunications, water and waste water) to the relevant Self-Build and Custom-Housebuilding Plot boundary
Sample 1
Serviced Condition means access to services including roads sewers gas electricity water and telecommunications up to the boundary of each Affordable Housing Unit rendering them ready for immediate Occupation“Shared Ownership”means Affordable Housing Units where an initial equity share is sold by the Registered Provider to qualifying persons under the Home Choice Allocation Scheme and via the Help To Buy Agent with a rent charged on the unsold equity. Where Shared Ownership is allowed the initial mortgage cost for each Shared Ownership Unit must be no more than three and a half times the average household income of newly forming households within“Shared Ownership Lease”means a lease including the covenants set out in the Shared Ownership Lease published by the Regulator Of Social Housing granted to a qualifying person by the Registered Provider on an equity share basis whereby the qualifying person shall pay for the initial percentage in multiples of 25% or such other multiples of percentage of equity share the Registered Provider in conjunction with the Council may require PROVIDED THAT such initial percentage SHALL NOT exceed 75% in the first instance and the qualifying person being entitled to purchase the remaining percentage of equity share in further tranches to enable 100% ownership.“Shared Ownership Unit”means such Affordable Housing Units that will be made available by way of a Shared Ownership Lease with a Registered Provider.“Site”means the land which is the subject of the Application and against which this Deed may be enforced as shown edged red on the Plan.“Social Rented Housing”means Affordable Housing where the rents are subject to the National Rent Regime.“Social Rented Housing Units”means Affordable Housing to be constructed pursuant to the Affordable Housing Scheme and in accordance with Part 1 of the Second Schedule which shall be provided as Social Rented Housing“Traffic Signal Contribution”means the sum of £70,000 (seventy thousand pounds) to be used towards improvements to the signal junction at Glen View Road – Manchester Road and which shall be paid in accordance with Part 1 of the Third Schedule.“Valuer”means a Chartered member of the Royal Institution of Chartered Surveyors“Wheelie Bin Contribution”means the sum of £26,140 (twenty six thousand and one hundred andforty pounds) to be used towards the provision of wheelie bins for
Sample 1
Serviced Condition means in relation to the land to be used for Affordable Housing or Self-Build and Custom Housebuilding (as the case may be) the remediation of the land to a standard fit for its end use and the provision of roads, sewers, gas, electricity and telecommunications to the boundary of the Site in accordance with a scheme that the Owner shall submit to the Borough Council and the District Council for approval (such approval not to be unreasonably withheld or delayed).
Sample 1

Examples of Serviced Condition in a sentence

  • Unless otherwise agreed with the Council in writing, prior to Occupation of more than 50% of the Open Market Units to deliver and make available in a Serviced Condition the Self-Build and Custom Housebuilding Plots in accordance with the Self-Build and Custom Housebuilding Scheme.

  • Unless otherwise agreed with the Council in writing, not to permit more than 50% of the Open Market Units to be Occupied until the Self-Build and Custom Housebuilding Plots are made available in accordance with the approved Self-Build and Custom Housebuilding Scheme and have been provided in a Serviced Condition.

  • The Owner covenants that any land Transferred to a RPSH pursuant to paragraph 5 shall be provided to the said RPSH in a Serviced Condition.

  • Serviced Condition: the relevant property has proper connections within its boundary so as to connect it to surface water drainage facilities and to mains foul drainage, water, gas, electricity and telecommunications and enjoys direct access to the public highway or a roadway constructed to adoptable standards (connecting to the public highway) which is the subject of an agreement under section 38 of the Highways Act 1980 and in each case adequate for the purpose of its prospective use.


More Definitions of Serviced Condition

Serviced Condition means that the relevant Dwelling:
Sample 1
Serviced Condition means the relevant property has proper connections within its boundary so as to connect it to surface water drainage facilities and to mains foul drainage, water, gas, electricity and telecommunications and enjoys direct access to the public highway or a roadway constructed to adoptable standards (connecting to the public highway) which is the subject of an agreement under section 38 of the Xxxxxxxx Xxx 0000 and in each case adequate for the purpose of its prospective use.
Sample 1

Related to Serviced Condition

  • Serviced Duty means all duties and obligations of the Sellers in a Corporate Trust Capacity under the Serviced Corporate Trust Contract related to each Serviced Appointment, in each case, other than any Retained Duty.

  • Associated Conditions means the symptoms or side effects associated with Stage-Four Advanced, Metastatic Cancer or its treatment and which, in the judgment of the health care practitioner, further jeopardize the health of a patient if left untreated.

  • Event of Servicer Termination With respect to the Servicing Agreement, a Servicing Default as defined in Section 6.01 of the Servicing Agreement.

  • Nonconforming zoning condition means a physical improvement on a property that does not conform with current zoning standards.

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Payment Condition shall be deemed to be satisfied in connection with a Restricted Payment, Restricted Debt Payment, investment or Permitted Acquisition if:

  • Servicer Termination Test With respect to any Distribution Date, the Servicer will fail the Servicer Termination Test if the Realized Loss Percentage for the Mortgage Loans exceeds the applicable percentages set forth below with respect to such Distribution Date: January 2006 through December 2007 2.75% January 2008 through December 2008 3.25% January 2009 through December 2009 3.75% January 2010 and thereafter 4.50%

  • Master Servicer Termination Test With respect to any Distribution Date, the Master Servicer Termination Test will be failed if the Cumulative Loss Percentage exceeds 4.00%.

  • Failed Remarketing Condition means a Failed Remarketing Condition-Purchased VRDP Shares or a Failed Remarketing Condition-Unpurchased VRDP Shares.

  • Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. 313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls.

  • Review Conditions means (i) the Delinquency Percentage for any Payment Date exceeds the Delinquency Trigger for that Payment Date and (ii) the Noteholders or Note Owners, as applicable, have voted, pursuant to Section 2.03(d) of the Receivables Purchase Agreement, to direct an Asset Representations Review of the Subject Receivables.

  • restrictive condition means any condition registered against the title deed of land restricting the use, development or subdivision of the land concerned:

  • Special Servicer Termination Event shall have the meaning given to such term in the Lead Securitization Servicing Agreement.

  • Administrator/Benchmark Event Date means, in respect of an Administrator/Benchmark Event, the date on which the authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register is (i) required under any applicable law or regulation; or

  • Rating Condition has the meaning specified in Section 2.06(c)(ii).

  • Event of Servicing Termination means an event specified in Section 8.1 of the Sale and Servicing Agreement.

  • Business Condition means the financial condition, business, assets, liabilities and operations of a Person.

  • Special Hazard Coverage Termination Date The point in time at which the Special Hazard Loss Coverage Amount is reduced to zero.

  • Non-Administrator Dialysis Facility means a Dialysis Facility which does not have an agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan but has been certified in accordance with the guidelines established by Medicare.

  • Payment Conditions means, at the time of determination with respect to a proposed payment to fund a Specified Transaction, that:

  • Acute condition means that the individual is medically unstable. Such an individual requires frequent monitoring by medical professionals, such as physicians and registered nurses, in order to maintain his or her health status.

  • Master Servicer Event of Termination As defined in Section 7.01 hereof.

  • Failed Remarketing Condition—Purchased VRDP Shares means that the Liquidity Provider acquires and continues to be the beneficial owner for federal income tax purposes of any shares of a Series of VRDP Shares in connection with purchases made pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) on any Purchase Date, including shares of a Series of VRDP Shares that the Liquidity Provider continues to be the beneficial owner of for federal income tax purposes after the expiration or termination of the VRDP Shares Purchase Agreement.

  • Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article 4 to terminate.

  • Performing Serviced Mortgage Loan A Serviced Mortgage Loan that is not, and is not part of, a Specially Serviced Loan or REO Loan.

  • Preexisting condition means any medical condition,