Total Residential Units definition
Total Residential Units has the meaning set forth in the Summary of Loan Terms.
Total Residential Units means the greater of (a) the total number of units leased or reserved for residential use at the Project as of the applicable date of determination of whether the Company has satisfied the Affordable Housing Requirement, or (b)
Total Residential Units means the greater of (a) the total number of units leased or reserved for residential use at the Project as of the applicable date of determination of whether the Company has satisfied the Affordable Housing Requirement, or (b) 246 units.
Examples of Total Residential Units in a sentence
The Mortgaged Property contains at least: the Property Square Footage; the Total Parking Spaces; and the Total Residential Units.
Mortgagor will not take, and will not consent or agree to, any action that would reduce the number of residential dwelling units allowed by the Entitlement Documents for development on the Land below 1,029+ Total Residential Units.
More Definitions of Total Residential Units
Total Residential Units. No more than [198] residential units, allocated as follows: Condominium/Apartment: 120 Townhome: 78 Single-family: 0 Other: 0 Commercial spaces: Three areas described as possible commercial/retail on the Development Plans attached hereto as Exhibit A shall be reserved and developed solely for commercial/retail uses and associated parking and improvements. Such sites encompass and shall constitute a minimum of +/- 6.4 acres. Public Amenities: Expansion of parking facilities for ▇▇▇ ▇▇▇▇ (42 additional spaces). 2 complete pickleball courts to be located near the ▇▇▇ ▇▇▇▇ parking expansion. The reasonable cost of the expansion of the parking facilities for ▇▇▇ ▇▇▇▇ and the reasonable cost to complete the two pickleball courts in ▇▇▇ ▇▇▇▇ shall be offset against or refunded from impact fees paid by Developer [that will be assessed and paid at the time of building permit issuance | to City as outlined on Exhibit B]. The City may approve, through the plat and construction plan preparation, review, and approval processes, a substitution or relocation of amenities, so long as such substituted or relocated amenities are of equivalent value and utility to the City and its residents. Private Amenities: Clubhouse, pool, 1 playground available for use by all HOA members. Public Improvements: Developer will build the entire cross section of Wolfpack Way through the project from the Center Street roundabout to the northern boundary of the property in exchange for a 4.8 acre parcel adjacent to the new Wolfpack Way road by City outlined on Exhibit B and in accordance with the process set forth in Section 11.
Total Residential Units means the total units approved by the final decision-making authority. Total residential units are composed of both market-rate units and inclusionary units.
Total Residential Units means the total units in a residential development approved by the final approval body. Total residential units are composed of both market-rate units and inclusionary units.