Examples of Eligible Unit in a sentence
In addition, the debtor shall pay to the Service Manager an amount that is equal to the percentage that the IAH (2014 Extension) Loan is of the original purchase price of the Eligible Unit as applied to any positive differential between the current fair market value of the Eligible Unit and the original purchase price of the Eligible Unit.
If, during the period in which the IAH (2014 Extension) Loan is outstanding, the Eligible Unit is resold for less than the price at which it was acquired by the debtor and the sale of the Eligible Unit was an arm’s length transaction, the difference between the IAH (2014 Extension) Loan amount and the depreciated amount shall be repayable.
Notwithstanding any such arrangement, the Service Manager shall remain in possession and control of all APS Funding until such funds are advanced to or on behalf of an Eligible Purchaser in connection with the purchase of an Eligible Unit, and shall remain directly responsible to the Minister under and for the performance of this Schedule.
In addition, the debtor shall pay to the Service Manager an amount that is equal to the percentage that the IAH (2014 Extension) Loan is of the original purchase price of the Eligible Unit as applied to the differential between the current fair market value of the Eligible Unit and the original purchase price of the Eligible Unit.
SECURITY FOR IAH (2014 EXTENSION) LOANS 5.1 Each IAH (2014 Extension) Loan shall be secured by a mortgage registered against title to the relevant Eligible Unit.