Ownership Interest in Other Residential Property Sample Clauses

Ownership Interest in Other Residential Property. If at any time an Owner who is a Qualified Occupant owns any interest, alone, or in conjunction with others, in any other developed residential property within the State of Colorado, the Owner shall immediately disclose such ownership to the Town and SCHA in writing and may be required to promptly offer such other property interest for sale at market value. This prohibition concerning additional ownership shall include entities, partnerships, trusts and the like in which the Owner is either a party to the entity in any part or a trustee and or beneficiary of a trust. In the event said other property has not been sold by the Owner within one hundred twenty (120) days of its listing required hereunder, then the Owner shall immediately list his or her Restricted Unit for sale pursuant to this Restrictive Covenant. It is understood and agreed by the Parties, that the Developer is not subject to this provision prior to the initial sale of any Restricted Unit.
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Ownership Interest in Other Residential Property. Except with respect to a non‐qualified Owner permitted to purchase the Property as set forth in Section 5.1.B, if at any time the Owner also owns any interest alone or in conjunction with others in any other developed residential property, the Owner shall immediately list such other property interest for sale and sell his or her interest in such property. In the event said other property has not been sold by the Owner within one hundred (120) days of its listing required hereunder, then the Owner shall immediately list the Property for sale pursuant to the provisions of this Restriction. It is understood and agreed between the parties hereto that, in the case of an Owner whose business is the construction and sale of residential properties or the purchase and resale of such properties, the properties which constitute inventory in such Owner’s business shall not constitute “other developed residential property” as that term is used in this Article.
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Ownership Interest in Other Residential Property. At the time of application, a Household may own other improved or unimproved residential or commercial property, however, all Improved Residential Property located within a seventy-five (75) mile radius from the Housing Unit
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Ownership Interest in Other Residential Property. If at any time an Owner also owns any interest, alone or in conjunction with others, in any other developed residential property in the State of Colorado, the Owner shall immediately list such other property interest for sale and sell his or her interest in such property. If said other property has not been sold by the Owner within one hundred eighty (180) days of its listing required hereunder, then the Owner shall immediately list the Property for resale pursuant to the Article III. I n the case of an Owner whose business is the construction and sale of residential properties, the properties which constitute inventory in such Owner’s business shall not constitute “other developed residential property” as that term is used in this Article.
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Ownership Interest in Other Residential Property. At the time of application, a Household may own other improved or unimproved residential or commercial property, however, all Improved Residential Property located within a one-hundred and fifty (150) mile radius from the Housing Unit must be listed immediately for sale and sold for fair market value within one year of taking title to the Housing Unit. In the event said other Improved Residential Property has not been sold by the Owner within twelve (12) months of its listing required hereunder, then the Owner shall immediately list the Housing Unit for sale, pursuant to Section 7.1. a Land Contributor Owner or Business Owner, qualified under Section 3.3.1 g-h, is exempt from this restriction.
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Ownership Interest in Other Residential Property. If at any time an Owner also owns any interest, personally or through an entity, in any other improved residential property, the Owner shall immediately list such other property interest for sale and sell his or her interest in such property. If said other property has not been sold by the Owner within one hundred eighty (180) days of its listing required hereunder, then the Owner shall immediately list the Property for resale pursuant to the Article III. I n the case of an Owner whose business is the construction and sale of residential properties, the properties which constitute inventory in such Owner’s business shall not constitute “other developed residential property” as that term is used in this Article. Nothing in the foregoing shall impose an obligation upon YVHA to verify that an Owner does not own other improved residential property.
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Ownership Interest in Other Residential Property. If, at any time the Owner also owns any other improved residential property in or out of the County, the Owner shall immediately list such other property interest for sale and sell their interest in such property. In the event said other property has not been sold by the Owner within twelve (12) months of its listing required hereunder, then the Owner shall immediately reduce the listing price of the Unit, pursuant to Section XX. of this Covenant. In the case of an Owner whose business is the construction and sale of residential properties or the purchase and resale of such properties, the properties that constitute inventory in such Owner's business shall not constitute "other residential property" as that term is used in this Section XX. A Land Contributor Owner or Business Owner, qualified under Section XX (3.3i), is exempt from this restriction.
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Related to Ownership Interest in Other Residential Property

  • Transfer of the Property or a Beneficial Interest in Borrower For purposes of this Section 19 only, “Interest in the Property” means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract, or escrow agreement, the intent of which is the transfer of title by Borrower to a purchaser at a future date. If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Xxxxxx’s prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, Lender will not exercise this option if such exercise is prohibited by Applicable Law. If Lender exercises this option, Lender will give Borrower notice of acceleration. The notice will provide a period of not less than 30 days from the date the notice is given in accordance with Section 16 within which Borrower must pay all sums secured by this Security Instrument. If Xxxxxxxx fails to pay these sums prior to, or upon, the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower and will be entitled to collect all expenses incurred in pursuing such remedies, including, but not limited to: (a) reasonable attorneys’ fees and costs; (b) property inspection and valuation fees; and (c) other fees incurred to protect Xxxxxx’s Interest in the Property and/or rights under this Security Instrument.

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

  • Management of Business No Limited Partner or Assignee (other than the General Partner, any of its Affiliates or any officer, director, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such) shall take part in the operations, management or control (within the meaning of the Act) of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership. The transaction of any such business by the General Partner, any of its Affiliates or any officer, director, employee, partner, agent or trustee of the General Partner, the Partnership or any of their Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations on the liability of the Limited Partners or Assignees under this Agreement.

  • Proceeding Affecting Xxxxxx’s Interest in the Property Borrower will be in Default if any action or proceeding begins, whether civil or criminal, that, in Xxxxxx’s judgment, could result in forfeiture of the Property or other material impairment of Xxxxxx’s interest in the Property or rights under this Security Instrument. Borrower can cure such a Default and, if acceleration has occurred, reinstate as provided in Section 20, by causing the action or proceeding to be dismissed with a ruling that, in Xxxxxx’s judgment, precludes forfeiture of the Property or other material impairment of Xxxxxx’s interest in the Property or rights under this Security Instrument. Borrower is unconditionally assigning to Lender the proceeds of any award or claim for damages that are attributable to the impairment of Xxxxxx’s interest in the Property, which proceeds will be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property will be applied in the order that Partial Payments are applied in Section 2(b).

  • Lands of Other Property Owners If any part of the Connecting Transmission Owner’s Attachment Facilities and/or System Upgrade Facilities and/or System Deliverability Upgrades is to be installed on property owned by persons other than Developer or Connecting Transmission Owner, the Connecting Transmission Owner shall at Developer’s expense use efforts, similar in nature and extent to those that it typically undertakes for its own or affiliated generation, including use of its eminent domain authority, and to the extent consistent with state law, to procure from such persons any rights of use, licenses, rights of way and easements that are necessary to construct, operate, maintain, test, inspect, replace or remove the Connecting Transmission Owner’s Attachment Facilities and/or System Upgrade Facilities and/or System Deliverability Upgrades upon such property.

  • INCOME FROM IMMOVABLE PROPERTY 1. Income derived by a resident of a Contracting State from immovable property (including income from agriculture or forestry) situated in the other Contracting State may be taxed in that other State.

  • Ownership of Acquired Property Except to the extent that a specific provision of this contract states to the contrary, the State shall own all intellectual property acquired or developed under this contract and all equipment purchased by the Engineer or its subcontractors under this contract. All intellectual property and equipment owned by the State shall be delivered to the State when the contract terminates, or when it is no longer needed for work performed under this contract, whichever occurs first.

  • Ownership Interest 26 Pass-Through Rate.......................................................................................26

  • Transfer of Membership Interest The Sole Member may Transfer any part or all of its rights and interest (including, but not limited to, its Capital Account) in the Company (each a “Membership Interest”) now owned or hereafter acquired to any Person, and the transferee of such Membership Interest shall become a Member of the Company.

  • Permitted License Uses and Restrictions (a) This Order Form Supplement allows you, as an authorized User under the Master Subscription Agreement, to use the Software on any Supported Device and on no other devices.

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