Rental Rate Requirements Sample Clauses

Rental Rate Requirements. (1) Borrower covenants and agrees that during the term of the AHIF Affordability Compliance Period, the rental rates charged for all of the Income-Restricted Units on the Property shall:
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Rental Rate Requirements. (1) Borrower covenants and agrees that during the term of the Affordability Compliance Period, except with respect to all current Tenants, including lease renewals of such current Tenants (i.e., only with respect to new Tenants moving in after the Effective Date), the rental rates charged for all of the Income-Restricted Units on the Property shall:
Rental Rate Requirements. Declarant covenants, declares and agrees that beginning the Effective Date, and continuing for the duration of the Affordability Compliance Period, the rental rates charged of new tenants first occupying the Income-Restricted Units after the Effective Date shall (i) be established in accordance with the U.S. Housing and Urban Department (“HUD”) rent limits set for Arlington County for imputed incomes at eighty percent (80%) of AMI (provided that if HUD does not publish a rent limit for 80% of AMI, then the 80% AMI rent limit will be 120% of the rent limit for 60% of AMI), (ii) be indexed for household income and adjusted for family size as described under the definition of County Affordability Level in the Loan Agreement, and (iii) not exceed the established affordability level for the gross rents, as published by HUD. It shall be the responsibility of the Declarant and not the County Board or its designees to establish rents for the Income-Restricted Units in accordance with the Loan Agreement and applicable HUD regulations.
Rental Rate Requirements. (1) The rental rates charged for all of the Income-Restricted Units on the Property shall:
Rental Rate Requirements 

Related to Rental Rate Requirements

  • Space Requirements The Construction Administrator will conduct a review of the adequacy of space allotments for maintenance of mechanical, telephone, and fire protection equipment.

  • Specific Coverage Requirements The Contractor shall at a minimum carry insurance in the types and amounts indicated below for the duration of the Contract, including extension options and hold over periods, and during any warranty period. These insurance coverages are required minimums and are not intended to limit the responsibility or liability of the Contractor.

  • ON SITE REQUIREMENTS While on Purchaser’s premises, Contractor, its agents, employees, or subcontractors shall comply, in all respects, with Purchaser’s physical, fire, access, safety, and other security requirements.

  • CONTRACT COMPLIANCE REQUIREMENT The HUB requirement on this Contract is 0%. The student engagement requirement of this Contract is 0 hours. The Career Education requirement for this Contract is 0 hours. Failure to achieve these requirements may result in the application of some or all of the sanctions set forth in Administrative Policy 3.10, which is hereby incorporated by reference.

  • Coverage Requirements (08/19) Contractor shall comply with the following insurance requirements:

  • Overtime requirements No contractor or subcontractor contracting for any part of the contract work which may require or involve the employment of laborers or mechanics shall require or permit any such laborer or mechanic in any workweek in which he or she is employed on such work to work in excess of forty hours in such workweek unless such laborer or mechanic receives compensation at a rate not less than one and one-half times the basic rate of pay for all hours worked in excess of forty hours in such workweek.

  • Age Requirements If you are a sole proprietor, and you are not old enough to enter into a contract on your own behalf (which is commonly but not always 18 years old), but you are 13 years old or older, your Representative must be your parent or legal guardian. If you are a legal entity that is owned, directly or indirectly, by an individual who is not old enough to enter into a contract on their own behalf, but the individual is 13 years old or older, your Representative must obtain the consent of either your board or an authorised officer. The approving board, authorised officer, parent or legal guardian is responsible to Stripe and is legally bound to this Agreement as if it had agreed to this Agreement itself. You must not use the Services if you are under 13 years of age.

  • Time Requirements The Independent Contractor will not be required to follow or establish a regular or daily work schedule, but shall devote during the term of this Agreement the time, energy and skill as necessary to perform the services of this engagement and shall, periodically or at any time upon the request of the Company, submit information as to the amount of time worked and scope of work performed.

  • DBE Requirements A. Notice is hereby given to the CONSULTANT and any SUB-CONSULTANT, and both agree, that failure to carry out the requirements set forth in 49 CFR Sec. 26.13(b) shall constitute a breach of this Contract and, after notification and failure to promptly cure such breach, may result in termination of this Contract or such remedy as INDOT deems appropriate. The referenced section requires the following assurance to be included in all subsequent contracts between the CONSULTANT and any SUB-CONSULTANT: The CONSULTANT, sub recipient or SUB-CONSULTANT shall not discriminate on the basis of race, color, national origin, or sex in the performance of this Contract. The CONSULTANT shall carry out applicable requirements of 49 CFR Part 26 in the award and administration of DOT-assisted contracts. Failure by the CONSULTANT to carry out these requirements is a material breach of this Contract, which may result in the termination of this Contract or such other remedy, as INDOT, as the recipient, deems appropriate.

  • Minimum Insurance Requirements Contractor shall procure and maintain for the duration of the contract insurance against claims for injuries or death to persons or damages to property which may arise from or in connection with the performance of the work hereunder and the results of that work by the Contractor, his agents, representatives, employees or sub-contractors. Coverage - Coverage shall be at least as broad as the following:

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