Special Requirements Regarding Condominium Developments and Planned Unit Developments Sample Clauses

Special Requirements Regarding Condominium Developments and Planned Unit Developments. If a Mortgage Loan for a Qualified Residence is for financing either: (i) a unit in a condominium development, meaning a real estate development which is: (A) formed pursuant to the condominium statutes of the State and a recorded declaration and other constituent documents; (B) the unit owners of which have title to a unit in a building, an undivided interest in the common areas of the development, and may have the right to the exclusive use of certain limited common areas; and (C) the common areas of which are administered and maintained but not owned by an owners association, which may levy assessment against each unit estate; or (ii) a unit in a planned unit development, meaning a real estate development of separately owned lots with: (A) contiguous or noncontiguous areas or facilities usually owned by an owners association in which the owners of the lots have a stock or membership interest; (B) title to the real estate under the dwelling units being held by the individual lot owners and not by the owners association; (C) the association having title to and administering the common areas, and levying monthly charges against the lot owners for common area expenses; and (D) membership in the owners’ association not being severed from the ownership of an individual unit, then the Mortgage Loan shall be eligible for purchase under a Program if the Mortgage Loan meets all the requirements of FHA, VA, RHS, a PMI Insurer, Xxxxxx Xxx or Xxxxxxx Mac, as applicable, and is eligible for inclusion in a Xxxxxx Mae Pool, Xxxxxx Xxx Pool or Xxxxxxx Mac Pool under the Xxxxxx Xxx Guide, Xxxxxx Mae Guides or Xxxxxxx Mac Guide applicable to such Program. Notwithstanding the foregoing, the term “planned unit development” shall not include: (i) a planned unit development comprised of a parcel of land that contains common property and improvements owned and maintained by a homeowner’s association, corporation or trust (which requires automatic, nonseverable membership of each individual development unit owner, with mandatory assessments) for the benefit and use of individual one-to-four-family dwelling units within such parcel of land, if such common property and improvements have relatively insignificant influence on the enjoyment of the premises or have little or no effect on the value of the property securing the mortgage on any unit in the planned unit development; or a planned unit development whose organizational or other relevant documents provide that the lien for a...
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Related to Special Requirements Regarding Condominium Developments and Planned Unit Developments

  • DEVELOPMENTAL REQUIREMENTS The Personal Development Plan (PDP) for addressing developmental gaps is attached as Annexure B.

  • Developer Operating Requirements (a) Developer must comply with all applicable NYISO tariffs and procedures, as amended from time to time.

  • Development Requirements The exterior wall standards set forth in this section shall apply to the structures located on the Property. At least ninety percent (90%) of the combined exterior surface area of all walls, including all stories of buildings / structures, shall consist of stone, brick, painted or tinted stucco, and factory tinted (not painted) split faced concrete masonry unit or similar material approved by the Director of Planning.

  • Project Development a. Collaborate with COUNTY and project clients to identify requirements and develop a project Scope Statement.

  • PUBLIC WORKS AND BUILDING SERVICES CONTRACTS Work being done under a resulting Authorized User Agreement may be subject to the prevailing wage rate provisions of the New York State Labor Law. Such work will be identified by the Authorized User within the RFQ. See “Prevailing Wage Rates – Public Works and Building Services Contracts’ in Appendix B, Clause 10, OGS General Specifications. Any federal or State determination of a violation of any public works law or regulation, or labor law or regulation, or any OSHA violation deemed "serious or willful" may be grounds for a determination of vendor non-responsibility and rejection of proposal. The Prevailing Wage Case Number for this Contract is PRC# 2014011745. The Prevailing Wage Rates for various occupations and General Provisions of Laws Covering Workers on Article 8 Public Work Contract can be accessed at the following NYS Department of Labor website: xxxxx://xxxxxxxxxxxx.xxxxx.xx.xxx/wpp/xxxxXxxxXxxxxxx.xx?method=showIt  Insert PRC# 2014011745 in the box provided and click Submit.  Click Wage Schedule located underneath the main header of this page. The PDF file may be searched to obtain the Prevailing Wage Rate for a specific occupation. SHORT TERM EXTENSION In the event a replacement Contract has not been issued, any Contract let and awarded hereunder by the State, may be extended unilaterally by the State for an additional period of up to 3 months upon notice to the Contractor with the same terms and conditions as the original Contract including, but not limited to, prices and delivery requirements. With the concurrence of the Contractor, the extension may be for a period of up to 6 months in lieu of 3 months. However, this extension terminates should the replacement Contract be issued in the interim. PROCUREMENT INSTRUCTIONS Authorized Users should refer to the documents attached as Appendix G – Processes and Forms Templates for specific instructions on the usage of this Contract. OGS reserves the right to unilaterally make revisions, changes, additions and/or updates to the documents attached as Appendix G - Processes and Forms Templates without processing a formal amendment and/or modification. SPECIFICATIONS During the term of the Contract, the Authorized User may request Product specifications for particular items that have been included by the Contractor in its Pricing Pages. These specifications will be provided by the Contractor at no cost.

  • ACCESS TO PLANTS AND PROPERTIES Seller shall comply with all the rules and regulations established by Buyer for access to and activities in and around premises controlled by Buyer or Buyer’s customer.

  • For Product Development Projects and Project Demonstrations  Published documents, including date, title, and periodical name.  Estimated or actual energy and cost savings, and estimated statewide energy savings once market potential has been realized. Identify all assumptions used in the estimates.  Greenhouse gas and criteria emissions reductions.  Other non-energy benefits such as reliability, public safety, lower operational cost, environmental improvement, indoor environmental quality, and societal benefits.  Data on potential job creation, market potential, economic development, and increased state revenue as a result of the project.  A discussion of project product downloads from websites, and publications in technical journals.  A comparison of project expectations and performance. Discuss whether the goals and objectives of the Agreement have been met and what improvements are needed, if any.

  • Environmental constraints and management Describe or cross refer to environmental constraints applicable to the Contractor’s plan and his activities on the Affected Property and how they should be managed. Include here or cross refer to an Annexure to the Service Information. The Contractor shall comply with the environmental criteria and constraints stated in Annexure

  • Operations Logs Seller shall maintain a complete and accurate log of all material operations and maintenance information on a daily basis. Such log shall include, but not be limited to, information on power production, fuel consumption, efficiency, availability, maintenance performed, outages, results of inspections, manufacturer recommended services, replacements, electrical characteristics of the generators, control settings or adjustments of equipment and protective devices. Seller shall maintain this information for at least two (2) years and shall provide this information electronically to Buyer within one day of Buyer’s request.

  • Operations Matters Section 1.7 of Article I of the Agreement is deleted in its entirety and replaced with the following:

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