Unrestricted Unit definition

Unrestricted Unit means a unit offered in any programme of study;
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Unrestricted Unit means the 109 residential Units approved for construction on the Property pursuant to the Development Permit which are not Restricted Units.
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Unrestricted Unit means the residential unit (2-bedroom) to be used by the resident manager of the Project that is not restricted to Low Income, Very Low Income or Extremely Low Income tenants.
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Examples of Unrestricted Unit in a sentence

  • Once a Restricted Unit has become vested, it shall be referred to as an Unrestricted Unit.

  • Except for the Unrestricted Unit, no officer, employee, agent, official or consultant of Owner may occupy any of the Residential Units.

  • Unrestricted Unit Awards may be granted or sold to any Grantee as provided in the immediately preceding sentence in respect of past or, if so provided in the related Award Agreement or a separate agreement, the promise by the Grantee to perform future Service to the Partnership or an Affiliate or other valid consideration, or in lieu of, or in addition to, any cash compensation due to such Grantee.

  • The Committee shall have the authority to grant an Unrestricted Unit Award under the Plan to any Director, as additional compensation or in lieu of cash compensation the Director is otherwise entitled to receive, in such amounts as the Committee, in its discretion, determines to be appropriate.

  • There shall be one (1) Unrestricted Unit (two-bedroom) to be used by the resident manager of the Project.

  • Upon completion of the rehabilitation work, the hotel will consist of 72 Affordable Units, one Unrestricted Unit (to be occupied by the on-site manager), and various related amenities and improvements.

  • The residential rental uses shall consist of 49 units, including 3 two-bedroom units (1 for a Very Low Income household, 1 for an Extremely Low Income household, and 1 for the Unrestricted Unit); 1 three-bedroom unit (for a Very Income household); and 45 four-bedroom units (14 for Low Income households, 27 for Very Low Income households, and 4 for Extremely Low Income households).

  • There shall be one (1) Unrestricted Unit to be used by the resident manager of the Project.

  • The Board may, in its sole discretion, grant (or sell at the purchase price determined by the Board) an Unrestricted Unit Award to any Grantee pursuant to which such Grantee may receive Units free of any restrictions (‘‘Unrestricted Units’’) under the 2008 Plan.

  • Upon completion of the rehabilitation work, the apartment complex will consist of 48 Affordable Units, one Unrestricted Unit (to be occupied by the on-site manager), and various related amenities and improvements.


More Definitions of Unrestricted Unit

Unrestricted Unit means a unit offered in any programme of study; “weighted mean grade” means
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Unrestricted Unit means a unit in an MFTE property that is not restricted (i.e. units that are not MFTE Units).
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Unrestricted Unit means a Unit free of any restrictions or forfeiture risk that shall vest in full upon the grant date or such other date as the Committee may determine.
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Unrestricted Unit means any unit that is not subject to an affordable housing deed restriction and is not subject to sale, lease, and/or rental based on requirements set forth in Section 24.
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Unrestricted Unit means an Award pursuant to Article 9 hereof.
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Related to Unrestricted Unit

  • Unrestricted Shares means a grant of Shares made on an unrestricted basis pursuant to Section 13 of the Plan.

  • Unrestricted Stock means an Award pursuant to Section 11 hereof.

  • Unrestricted Stock Award means an Award of shares of Stock free of any restrictions.

  • Restricted Unit means a Unit granted under the Plan that is subject to a Restricted Period.

  • Unrestricted Person means (a) each Indemnitee, (b) each Partner, (c) each Person who is or was a member, partner, director, officer, employee or agent of any Group Member, a General Partner or any Departing General Partner or any Affiliate of any Group Member, a General Partner or any Departing General Partner and (d) any Person the General Partner designates as an “Unrestricted Person” for purposes of this Agreement.

  • Unrestricted Global Note means a permanent Global Note, substantially in the form of Exhibit A that bears the Global Note Legend and that has the “Schedule of Exchanges of Interests in the Global Note” attached thereto, and that is deposited with or on behalf of and registered in the name of the Depositary, representing Notes that do not bear the Private Placement Legend.

  • Age-restricted unit means a housing unit designed to meet the needs of, and exclusively for, the residents of an age-restricted segment of the population such that: 1) all the residents of the development wherein the unit is situated are 62 years of age or older; or 2) at least 80 percent of the units are occupied by one person who is 55 years of age or older; or 3) the development has been designated by the Secretary of the U.S. Department of Housing and Urban Development as “housing for older persons” as defined in Section 807(b)(2) of the Fair Housing Act, 42 U.S.C. § 3607.

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

  • Unrestricted Global Security means a Global Security that is not a Restricted Security.

  • Converted Unrestricted Subsidiary has the meaning specified in the definition of “Consolidated EBITDA.”

  • Unrestricted Cash means cash or cash equivalents of the Borrower or any of its Subsidiaries that would not appear as “restricted” on a consolidated balance sheet of the Borrower or any of its Subsidiaries.

  • Unrestricted Securities means one or more Securities that do not and are not required to bear the Private Placement Legend in the form set forth in Exhibit A hereto, including, without limitation, the Exchange Securities and any Securities registered under the Securities Act pursuant to and in accordance with the Registration Rights Agreement.

  • Unrestricted Global Notes means Global Notes that are not required to bear, or are not subject to, the Restricted Notes Legend.

  • Unrestricted Cash Amount means, as to any Person on any date of determination, the amount of (a) unrestricted Cash and Cash Equivalents of such Person whether or not held in an account pledged to the Collateral Agent and (b) Cash and Cash Equivalents of such Person restricted in favor of the Facilities (which may also include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on any Collateral along with the Facilities), in each case as determined in accordance with GAAP; it being understood and agreed that proceeds subject to Escrow shall be deemed to constitute “restricted cash” for purposes of the Unrestricted Cash Amount.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Designated Unit means information technology devices (e.g. hard disks or central processing units) identified by Licensee pursuant to this Agreement that have been officially made known to the public as appropriate for Use or interoperation with the Software.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Stock Unit means a bookkeeping entry representing the equivalent of one Share, as awarded under the Plan.

  • Stock-Based Award means any Award, denominated in Shares, made pursuant to this Plan, including Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Deferred Stock Units, Performance Awards or Other Stock-Based Awards.

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Company Restricted Stock Unit means a restricted stock unit issued pursuant to any of the Company Equity Plans that remains outstanding as of immediately prior to the Effective Time (other than Company Performance Restricted Stock Units).

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Company Restricted Share means each restricted share of Company Common Stock outstanding as of the Effective Time granted pursuant to any equity or compensation plan or arrangement of the Company.

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.