First-time Homeownership Sample Clauses

First-time Homeownership. Funds can be used for qualified acquisition costs for the participant’s first home. This includes the costs of acquiring or constructing a newly acquired residence and typical settlement, financing, or other closing costs. “First home” means that the saver has not owned a home for the past three years prior to applying for a Prosperity Savings Account (PSA). This qualified asset purchase is matched at a 4:1 savings rate. Funds cannot be used for previous payments/purchases, mortgage loans, credit cards, or other types of debt.
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First-time Homeownership. Funds can be used for qualified acquisition costs for the participant’s first home. This includes the costs of acquiring or constructing a newly acquired residence and typical settlement, financing, or other closing costs. “First home” means that the saver has not owned a home for the past three years prior to applying for a Prosperity Savings Account (PSA). This qualified asset purchase is matched at a 4:1 savings rate. Funds cannot be used for previous payments/purchases, mortgage loans, credit cards, or other types of debt. Budget Coach Program: This is a 12-session program, which includes one or two 1- hour budget counseling session each month. A minimum of 6 sessions of the Budget Coach program is required to access the match funds. Verification of completion of 6 sessions of the program must be submitted. First time Homebuyer Education: Savers must complete a first-time home buyer class. For the required homebuyer education go to this link: xxxxx://xxx.xxxxxxxxxxxxxxxxx.xxx/FormCenter/FCAA-Forms-3/HOMEBUYERS-CLASS- UNIVERSAL-CLIENT-INTAKE-115 Savers may also contact the Xxxxxxxx Community Action Agency at 000-000-0000.

Related to First-time Homeownership

  • First-time homebuyer You may take payments from your IRA to use toward qualified acquisition costs of buying or building a principal residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution. 8) IRS levy. Payments from your IRA made to the U.S. government in response to a federal tax levy are not subject to the 10 percent early distribution penalty tax. 9)

  • Property Ownership The Fund owns or leases all such properties as are necessary to the conduct of its operations as presently conducted.

  • FIRST TIME HOME BUYER If the Property is improved residential real property, and if Buyer is a first time Maryland homebuyer as defined in MD Tax Property Code §13-203(b), as from time to time amended, who will occupy the Property as Xxxxx’s personal residence, then Seller shall pay the state transfer tax of 0.25% to the extent required by law. The property will be sold in “As Is” condition without express or implied warranty as to the nature and description of the improvements. The property will be sold subject to easements, agreements, restrictions or covenants of record affecting the same, if any. Dimensions and acreage are more or less. Time is of the essence as to the terms of this contract.

  • Data Ownership BA acknowledges that BA has no ownership rights with respect to the Protected Information.

  • Joint ownership 10 Annuitant............................................................... 10

  • Part-Time Faculty A faculty member whose appointment is for a specified period of time and does not meet the full load requirements for an Academic Year as defined herein. Such appointment carries with it no promise or expectation of continued employment. Such appointments are not applicable towards tenure.

  • Work Product Ownership All products of the Contractor’s work, including outlines, reports, charts, sketches, drawings, art work, plans, photographs, specifications, estimates, computer programs, or similar documents become the sole property of the State of Vermont and may not be copyrighted or resold by Contractor.

  • Indiana Veteran Owned Small Business Enterprise Compliance Award of this Contract was based, in part, on the Indiana Veteran Owned Small Business Enterprise (“IVOSB”) participation plan, as detailed in the IVOSB Subcontractor Commitment Form, commonly referred to as “Attachment A-1” in the procurement documentation and incorporated by reference herein. Therefore, any changes to this information during the Contract term must be approved by IDOA’s IVOSB Division (“IVOSB Division”) and may require an amendment. It is the State’s expectation that the Contractor will meet the subcontractor commitments during the Contract term. The following certified IVOSB subcontractor(s) will be participating in this Contract: [Add additional IVOSBs using the same format.] IVOSB COMPANY NAME PHONE EMAIL OF CONTACT PERSON PERCENT Briefly describe the IVOSB service(s)/product(s) to be provided under this Contract and include the estimated date(s) for utilization during the Contract term: A copy of each subcontractor agreement must be submitted to the IVOSB Division within thirty (30) days of the effective date of this Contract. The subcontractor agreements may be uploaded into Pay Audit (Indiana’s subcontractor payment auditing system), emailed to XxxxxxxXxxxxxxxXxxxxxxxxx@xxxx.XX.xxx, or mailed to IDOA, 000 X. Xxxxxxxxxx Street, Room W-478, Indianapolis, IN 46204. Failure to provide a copy of any subcontractor agreement may be deemed a violation of the rules governing IVOSB procurement and may result in sanctions allowable under 25 IAC 9-5-2. Requests for changes must be submitted to XxxxxxxXxxxxxxxXxxxxxxxxx@xxxx.XX.xxx for review and approval before changing the participation plan submitted in connection with this Contract. The Contractor shall report payments made to certified IVOSB subcontractors under this Contract on a monthly basis using Pay Audit. The Contractor shall notify subcontractors that they must confirm payments received from the Contractor in Pay Audit. The Pay Audit system can be accessed on the IDOA webpage at: xxx.xx.xxx/xxxx/xxxx/xxxxxxxx.xxx. The Contractor may also be required to report IVOSB certified subcontractor payments directly to the IVOSB Division, as reasonably requested and in the format required by the IVOSB Division. The Contractor’s failure to comply with the provisions in this clause may be considered a material breach of the Contract.

  • Customer Ownership Customer owns and has sole responsibility for the accuracy, quality, integrity, and appropriateness of all original data, content and information provided to Xxxxxx Xxxxxxx in conjunction with the Services, and, when paid for, Customer will own all modified content and information as specified under the SOW (collectively the “Content,” which, together with the Customer’s trademarks or logos, are referred to as the “Customer Material).”

  • Third Party Ownership If the Work Product created by Grantee under this Grant is a derivative work based on Third Party Intellectual Property, or is a compilation that includes Third Party Intellectual Property, Grantee must secure an irrevocable, non-exclusive, perpetual, royalty-free license allowing Agency and other entities the same rights listed above for the pre-existing element of the Third party Intellectual Property employed in the Work Product. If state or federal law requires that Agency or Grantee grant to the United States a license to any intellectual property in the Work Product, or if state or federal law requires Agency or the United States to own the intellectual property in the Work Product, then Grantee must execute such further documents and instruments as Agency may reasonably request in order to make any such grant or to assign ownership in such intellectual property to the United States or Agency.

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