Initial Sales. The initial sales price for each AH Unit shall be calculated by GCHA in accordance with Section 5 of this Agreement and the formulas and assumptions set forth in Section 8-302.B of the Affordable Housing Requirements. Developer shall work, in cooperation with the GCHA, to complete the initial sale of each of the AH Units to an applicant determined by GCHA to be a qualified buyer in accordance with the Affordable Housing Requirements, and selected by GCHA in accordance with the lottery process set forth in the Affordable Housing Requirements. Developer shall conduct the initial sale of each of the AH Units in accordance with the following:
Initial Sales. On the Initial Closing Date (as hereinafter defined), COVR agrees to issue and sell to Vault and Vault agrees to pay for and acquire from COVR, 320,000 units (each a "Unit"), each of which shall consist of one share of COVR Common Stock, $0.01 par value (the "COVR Common Stock") and one warrant to purchase one share of COVR Common Stock (each a "Warrant"), at a price of $0.625 per Unit (the "Purchase Price Per Unit"), the closing sale price of the COVR Common Stock on May 30, 2000, for an aggregate purchase price of $200,000. On the Second Closing Date (as hereinafter defined), COVR agrees to issue and sell to Vault and Vault agrees to pay for and acquire from COVR, 320,000 Units for an aggregate purchase price of $200,000. The Purchase Price Per Unit shall be allocated $0.135 to each share of COVR Common Stock and $0.49 to each Warrant.
Initial Sales. In relation to the Initial Sales of the Affordable Housing Units the following provisions shall apply:
Initial Sales. For Sales which are confirmed by CMS to be payable as an Initial Sale, Aetna will, if permitted by Applicable Law, advance the full “Initial Rate” set forth in Schedule 1 hereto, in one or more payments, during the calendar year in which the effective date of the policy occurs. The full amount of the “Initial Rate” will be paid for Initial Sales regardless of the month in which the effective date falls (i.e., same amount will be paid if the effective date is January 1st or December 1st). Upline Agreement 2015 30 Below is an example of how the Commission will be paid on an Initial Sale of a Medicare Advantage Plan under these circumstances, using $400 as the Commission rate payable for Initial Sales: Example Using An Initial Rate of $400 Effective Date Number of Months Paid Total Amount Paid 1/1/2014 12 months $ 400.00 2/1/2014 12 months $ 400.00 3/1/2014 12 months $ 400.00 4/1/2014 12 months $ 400.00 5/1/2014 12 months $ 400.00 6/1/2014 12 months $ 400.00 7/1/2014 12 months $ 400.00 8/1/2014 12 months $ 400.00 9/1/2014 12 months $ 400.00 10/1/2014 12 months $ 400.00 11/1/2014 12 months $ 400.00 12/1/2014 12 months $ 400.00 The rates set forth above are merely for example purposes and not a guarantee or representation of any rates set forth in Schedule 1 of this Appendix A.
Initial Sales. The Developer agrees to deliver to the Monitoring Agent the income, asset and age certifications, deeds and Affordable Housing Restrictions with respect to initial sales of Affordable Units as required under the Regulatory Agreement (the “Initial Sales Data”). The Monitoring Agent agrees to review the Initial Sales Data and determine the substantive compliance of the Project with the Affordability Requirement in accordance with the rules of the Subsidizing Agency. The Monitoring Agent shall also ensure substantive compliance with the approved Marketing Plan and lottery process. Upon completion of its review of Initial Sales Data, the Monitoring Agent shall deliver to the Subsidizing Agency and the Municipality a copy of such data together with the Monitoring Agent’s determination of whether the Affordability Requirement has been met. The Subsidizing Agency shall make the final determination of whether the Affordability Requirement has been met and shall notify the Municipality of its determination.
Initial Sales. Initial Sales: Applicable.
Initial Sales. The Developer agrees to deliver to the Monitoring Agent the income, asset and age certifications, deeds and Affordable Housing Restriction with respect to initial sales of Affordable Units as required under the Regulatory Agreement (the “Initial Sales Data”). The Monitoring Agent agrees to review the Initial Sales Data and determine the substantive compliance of each initial sale of an Affordable Unit with the Affordability Requirement in accordance with the rules of the Subsidizing Agency. Prior to the Developer’s delivery of the deed making the initial conveyance of each Affordable Unit, the Subsidizing Agency will issue a Resale Price Certificate (as defined in the Affordable Housing Restriction) to the Monitoring Agent with the calculated Resale Price Multiplier, which shall be applied to the Affordable Housing Restriction. The Monitoring Agent shall deliver such Resale Price Certificate, together with the Affordable Housing Restriction and the Affordable Housing Restriction Mortgage (both as defined in the Regulatory Agreement), and the Certificate of Compliance (as defined in the Affordable Housing Restriction), to the Developer for the closing on the sale of such Affordable Unit, and shall verify that the Developer, as a condition of sale, ensures that the Resale Price Certificate, the Affordable Housing Restriction, the Affordable Housing Restriction Mortgage, and the Certificate of Compliance are all recorded with the Registry immediately after the initial deed for such Affordable Unit. Upon completion of the initial sales of Affordable Units, the Monitoring Agent shall deliver to the Subsidizing Agency and the Municipality a copy of such data together with the Monitoring Agent’s written determination, in form and substance acceptable to the Subsidizing Agency, of whether the Affordability Requirement has been met and, if not, the action(s) the Monitoring Agent is taking to achieve full compliance with the Affordability Requirement (in which case, the Monitoring Agent shall deliver a supplemental written confirmation of compliance when achieved) (such determination, including any applicable supplemental confirmation, the “Initial Sales Affordability Completion Report”).
Initial Sales. About one full life cycle. Target sales volume is: 5,000,000 to 10,000,000 seeds.
