Rule – Post Year-15 Extended Use Period Sample Clauses

Rule – Post Year-15 Extended Use Period a. All developments are required to submit an Annual Summary Report, Utility Allowance Documentation, operating expense information, and Owner’s Certificate of Continuing Program Compliance on an annual basis as requested by NIFA.
Sample 1
AutoNDA by SimpleDocs
Rule – Post Year-15 Extended Use Period a. Households may change units, including moving to a unit in a different building within the development, without the submission of a new household income qualification. Owners should indicate all household transfers on the Annual Summary Report.
Sample 1
Rule – Post Year-15 Extended Use Period a. Student status will be verified only at the time of move-in. The following exceptions to the limitation on households where all members are full-time students will apply:
Sample 1
Rule – Post Year-15 Extended Use Period a. Annual Compliance fees will be reduced to $20 per LIHTC unit with a minimum of $150. In addition, the Owner will be billed for and responsible to pay the cost of the physical inspection referred to in Section 5, which will generally be conducted once every three (3) years.
Sample 1
Rule – Post Year-15 Extended Use Period a. The development will have overall rents affordable at or below the Applicable Income Percentage amount listed on the Summary page of the development’s XXXX (either 50% or 60% of the Area Median Income). The original income restrictions set forth in the XXXX will remain.
Sample 1
Rule – Post Year-15 Extended Use Period a. The current correction period process of 60 days will be maintained. Uncorrected non-compliance, including physical deficiencies, will result in a “Not-In-Good Standing” designation for the development owner and management company. Once a non-compliance is corrected, this designation will be removed.
Sample 1
Rule – Post Year-15 Extended Use Period a. Beginning in year sixteen (16), development owners must maintain copies of all initial move-in certification records for all households that occupied units in a building for five (5) years from the date of the move-in. Original records must be maintained for the first three (3) years; electronic or photocopies of records may be maintained for the remaining two (2) years.
Sample 1
AutoNDA by SimpleDocs

Related to Rule – Post Year-15 Extended Use Period

  • Extended Work Year A teacher requested by the Board to work in his/her regular assignment beyond the contracted number of days shall be offered an extended contract and compensated at the scheduled per diem rate, as specified in Article XXV. Compensation for weeks worked after July 1 shall be at the new rate.

  • week period If an employee fails to return at the end of the family care or medical leave, the CSU may require repayment of insurance premiums paid during the unpaid portion of the leave. The CSU shall not require repayment of premiums if the employee's failure to return is due to his/her serious health condition or due to circumstances beyond the employee's control.

  • TAM Extension Service The TAM Extension Service is an extension of a Red Hat Enterprise Linux TAM Service to provide additional technical knowledge such as SAP implementations on Red Hat Enterprise Linux. The TAM Extension Service requires a separate active and paid standard TAM Service Subscription.

  • Transition Period LVRT Standard The transition period standard applies to wind generating plants subject to FERC Order 661 that have either: (i) interconnection agreements signed and filed with the Commission, filed with the Commission in unexecuted form, finally executed as conforming agreements, or filed with the Commission as non-conforming agreements between January 1, 2006 and December 31, 2006, with a scheduled in-service date no later than December 31, 2007, or (ii) wind generating turbines subject to a wind turbine procurement contract executed prior to December 31, 2005, for delivery through 2007.

  • COMMENCEMENT/EXPIRATION DATE This instrument is executed as of the date of last signature and is effective for five years from that date, at which time it will expire unless extended.

  • Extended Term Tenant shall have the option to extend the Term for two (2) consecutive five (5) year periods (the "FIRST EXTENDED TERM" and "SECOND EXTENDED TERM", respectively) on all the terms and conditions contained in this Lease including, without limitation, continuation of the adjustment of the Base Rent on an annual basis as provided in Section 3.3 below (provided only that upon commencement of the First Extended Term the only remaining option to extend the Term shall be the Second Extended Term and upon exercise of the option with respect to the Second Extended Term, no further right to extend the Term shall exist). Tenant shall deliver, if at all, written notice of its exercise of the option ("OPTION NOTICE") to Landlord at least six (6) months but not more than one (1) year before the expiration of the Term or First Extended Term, as the case may be. In the event Tenant fails to deliver the applicable Option Notice within the time allowed, Landlord shall deliver written notice to Tenant of Tenant's failure to deliver the Option Notice, and Tenant shall then have thirty (30) days from receipt of such notice within which to deliver the Option Notice, if at all, to Landlord. In the event (and only in the event) that, Tenant fails to deliver an Option Notice to Landlord within such thirty (30) days, Tenant shall be considered to have elected not to extend the Term of this Lease and thereafter, Tenant shall have no further right to extend the Term of this Lease. References in this Lease to the "Term" shall include the initial Term of fifteen (15) years and shall, in addition, include the First Extended Term and the Second Extended Term, if applicable.

  • Lease Period The lease period of the Finance Lease Agreement I is 36 months, which commenced on October 28, 2022. The lease period of the Finance Lease Agreement II is 36 months, which shall commence on July 31, 2023.

  • Meal Period A Contractor shall schedule an unpaid period of not more than 1/2 hour duration at the work location between the 3rd and 5th hour of the scheduled shift. A Contractor may, for efficiency of operation, establish a schedule which coordinates the meal periods of two or more crafts. If an employee is required to work through the meal period, the employee shall be compensated in a manner established in the applicable Schedule A.

  • INTERIM MAINTENANCE PERIOD During the interim maintenance period between obtaining of the completion certificate of Project and formation and operationalization of the Association the Promoter shall through itself or through a facility management company constitute a committee to run, operate, manage and maintain the Common Areas.

  • Transition Period Due to the nature of our purchasing process, the District often requires an existing service provider to continue to provide goods and/or services while the District is in the process of advertising, evaluating, and awarding a contract for the provision of the same goods and/or services in the future. To accommodate this process, the Contractor shall agree to maintain the same terms and conditions set forth in this Agreement for a period up to ninety (90) days after the automatic termination of this Agreement at the end of its term, if requested by the District, as a transition period. In addition, if the Contractor is not the successful bidder for a future solicitation for the same or similar services, he or she shall agree to provide the same goods and/or services provided in this Agreement for a period up to ninety (90) days to allow for an orderly transition to the new provider. The District and the Contractor may mutually agree to a longer transition period.

Time is Money Join Law Insider Premium to draft better contracts faster.