MAXIMUM HOUSEHOLD INCOME Sample Clauses

MAXIMUM HOUSEHOLD INCOME. 7.1 Gross tenant household income from all sources for tenants of assisted affordable rental housing can be no greater than five (5) times their Monthly Occupancy Cost. Proponents will be required to check incomes for prospective tenants of Assisted Affordable Rental Housing units to ensure compliance with this requirement at initial occupancy (“rent up”) and when any new tenants are selected as ensuing vacancies occur during the twenty (20) year period following the Project Completion Date. Proponents are not required or expected to check incomes for approved tenants once they have taken possession of their units. SCHEDULE "E-1", "E-2", "E-3" SECURITY DOCUMENTS [Relevant Documents Attached] Schedule E-1 - Charge/Mortgage of Land - register in land titles/land registry system Schedule E-2 - Assignment of Rents - register in land titles/land registry system and PPSA Schedule E-3 - Security Agreement (chattels) - register in PPSA SCHEDULE "F" ENERGY EFFICIENCY AND BUILDING DESIGN PROJECT DETAILS ENERGY STAR Appliances: • Fridge • Stove Energy Efficient Products: LEEDS Certification (state level) Energy Audit (name of company performing audit) SCHEDULE "G" PERMITTED ENCUMBRANCES [This schedule in the executed Charge/Mortgage will contain the registration details of all registered documents which fit into the categories listed below.]
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MAXIMUM HOUSEHOLD INCOME. If the current COMBINED TOTAL INCOME FOR ALL HOUSEHOLD MEMBERS, as stated on the attached income certification or as otherwise verified, exceeds the maximum allowable household income for my household size as set forth in the table below, the landlord or property manager will have the right to terminate my lease and take possession of my apartment immediately. Household Size Maximum Allowable Household Income 40% 50% 1 Person $16,640 $20,800 2 Persons $19,000 $23,750 3 Persons $21,360 $26,700 4 Persons $23,720 $29,650 5 Persons $25,460 $32,050 6 Persons $ $ 7 Persons $ $ 8 Persons $ $ I understand that the landlord and property manager are relying on my income certification in accepting me as a tenant, and that the landlord will be seriously harmed if my income does not qualify the apartment for low-income housing tax credits. This rider shall be considered part of my lease. Date: Tenant:
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MAXIMUM HOUSEHOLD INCOME. 5.1 Gross tenant household income from all sources for tenants of assisted affordable rental housing can be no greater than five (5) times their Monthly Occupancy Cost. Proponents will be required to check incomes for prospective tenants of Assisted Affordable Rental Housing units to ensure compliance with this requirement at initial occupancy (“rent up”) and when any new tenants are selected as ensuing vacancies occur during the thirty-five (35) year period following the Project Completion Date. Proponents are not required or expected to check incomes for approved tenants once they have taken possession of their units. SCHEDULE "E-1a", “E-1b”, "E-2", "E-3" SECURITY DOCUMENTS Schedule E-1a - Federal/ Provincial Charge/Mortgage of Land - register in land titles/land registry system Schedule E-1b - (London projects only) City Charge/Mortgage of Land - register in land titles/land registry system Schedule E-2 - Assignment of Rents - register in land titles/land registry system and PPSA Schedule E-3 - Security Agreement (chattels) - register in PPSA SCHEDULE "F" ENERGY EFFICIENCY AND BUILDING DESIGN PROJECT DETAILS The project will include the following energy efficient features:
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MAXIMUM HOUSEHOLD INCOME. 5.1 Gross tenant household income from all sources for tenants of assisted affordable rental housing can be no greater than five (5) times their Monthly Occupancy Cost. Proponents will be required to check incomes for prospective tenants of Assisted Affordable Rental Housing units to ensure compliance with this requirement at initial occupancy (“rent up”) and when any new tenants are selected as ensuing vacancies occur during the thirty (30) year period following the Project Completion Date. Proponents are not required or expected to check incomes for approved tenants once they have taken possession of their units. SCHEDULE "E-1a", “E-1b”, "E-2", "E-3" SECURITY DOCUMENTS Schedule E-1a - Federal/ Provincial Charge/Mortgage of Land - register in land titles/land registry system Schedule E-1b - City Charge/Mortgage of Land - register in land titles/land registry system Schedule E-2 - Assignment of Rents - register in land titles/land registry system and PPSA Schedule E-3 - Security Agreement (chattels) - register in PPSA SCHEDULE "F" ENERGY EFFICIENCY AND BUILDING DESIGN PROJECT DETAILS The project will include the following energy efficient features:
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MAXIMUM HOUSEHOLD INCOME. 5.1 Gross tenant household income from all sources for tenants of assisted affordable rental housing can be no greater than five (5) times their monthly occupancy cost. Proponents will be required to check incomes for prospective tenants of Affordable Rental Housing units to ensure compliance with this requirement at initial occupancy (“rent up”) and when any new tenants are selected as ensuing vacancies occur during the twenty-five (25) year period following the Project completion date. Proponents are not required or expected to check incomes of approved tenants once they have taken possession of their units.
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Related to MAXIMUM HOUSEHOLD INCOME

  • Estimated Number of Participating Households Approximately 6,460. This figure is based on loans with unpaid principal balances ranging from $200,000 to $400,000 with an average funding of $5,000.00.

  • Minimum Net Income The Borrower will maintain, during each period described below, its Net Income, determined as at the end of each quarter, at an amount not less than the amount set forth opposite such period (numbers appearing between “( )” are negative): Period Minimum Net Income Six months ending June 30, 2002 ($1,049,000) Nine months ending Sept. 30, 2002 ($665,000) Twelve months ending Dec. 31, 2002 ($600,000) "

  • Minimum Revenue Borrower and its Subsidiaries shall have annual Revenue from sales of the Product (for each respective calendar year, the “Minimum Required Revenue”):

  • Intent to Limit Charges to Maximum Lawful Rate In no event shall the interest rate or rates payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Borrower and the Lender Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, however, that, anything contained herein to the contrary notwithstanding, if said rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrower is and shall be liable only for the payment of such maximum as allowed by law, and payment received from Borrower in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess.

  • Operating Expense Limit The Fund’s maximum operating expense limits (each an “Operating Expense Limit”) in any year shall be that percentage of the average daily net assets of the Fund as set forth on Schedule A attached hereto and incorporated by this reference.

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Expenditure Limit The Contractor shall notify the County of Orange assigned Deputy Purchasing Agent in writing when the expenditures against the Contract reach 75 percent of the dollar limit on the Contract. The County will not be responsible for any expenditure overruns and will not pay for work exceeding the dollar limit on the Contract unless a change order to cover those costs has been issued.

  • Travel time allowance All employees shall be paid an allowance (See Appendix A) for each day on which they present themselves for work. The allowance shall also be paid for rostered days off.

  • Cashing out of Annual Leave (a) Annual leave credited to an employee may be cashed out by agreement, subject to the following conditions: (refer to section 93 of the Act)

  • Cashing out annual leave Annual leave may be cashed out by agreement between the Company and an Employee, subject to the following conditions: ▪ An Employee must elect in writing to cash out annual leave; ▪ An Employee must not cash out more than two (2) weeks annual leave in each twelve (12) month period; ▪ The Company must agree to the Employee cashing out their annual leave.

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