Total Number of Units Sample Clauses

Total Number of Units. The Project shall have two hundred eighty seven (287) Units, to be owned, occupied, operated, and maintained pursuant to the terms and conditions of this Agreement. The Project’s Units consist of two hundred twenty nine (229) base residential units and fifty eight (58) density bonus residential units, for a total of two hundred eighty seven (287) residential units. Owner shall not construct or develop, or otherwise claim a right to construct or develop, more than fifty eight (58) Density Bonus Units on the apartment portion of the Property. Owner expressly understands and agrees that the State Density Bonus Law at the time of this Agreement allows up to a twenty-five percent (25%) increase in the number of the Base Units because Owner shall restrict seven point nine (7.9%) of the Base Units for occupancy by Very Low Income Households.
Sample 1
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Total Number of Units. The Project shall have three hundred eighty eight (388) Units, to be owned, occupied, operated, and maintained pursuant to the terms and conditions of this Agreement. The Project’s Units consist of three hundred ten (310) base residential units and seventy eight (78) Density Bonus residential units, for a total of three hundred eighty eight (388) residential units. Owner shall not construct or develop, or otherwise claim a right to construct or develop, more than seventy eight (78) Density Bonus Units on the Property. Owner expressly understands and agrees that the State Density Bonus Law at the time of this Agreement allows up to a twenty-five percent (25%) increase in the number of the Base Units because Owner shall restrict seven point six percent (7.7%) of the Base Units for occupancy by Very Low Income Households.
Sample 1
Total Number of Units. 86 plus 1 manager unit
Sample 1

Related to Total Number of Units

  • Maximum Number of Shares Under no circumstances shall the Company cause or request the offer or sale of any Shares if, after giving effect to the sale of such Shares, the aggregate amount of Shares sold pursuant to this Agreement would exceed the lesser of (A) together with all sales of Shares under this Agreement, the Maximum Amount, (B) the amount available for offer and sale under the currently effective Registration Statement and (C) the amount authorized from time to time to be issued and sold under this Agreement by the Board, a duly authorized committee thereof or a duly authorized executive committee, and notified to the Manager in writing. Under no circumstances shall the Company cause or request the offer or sale of any Shares pursuant to this Agreement at a price lower than the minimum price authorized from time to time by the Board, a duly authorized committee thereof or a duly authorized executive officer, and notified to the Manager in writing. Further, under no circumstances shall the Company cause or permit the aggregate offering amount of Shares sold pursuant to this Agreement to exceed the Maximum Amount.

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