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<strong>Future Property</strong> Damage Claims with respect to Qualifying Leaks through the duration of the Claim Period shall be a Claim from the Net Settlement Fund.", "Notwithstanding whether any Program Documents have been amended, the adjusted Applicable Rate shall be effective commencing with and including the first Monthly Option Payment with respect to <strong>Future Property</strong> Assets acquired by the Company, or with respect to which an acquisition process has been initiated, within 180 days following Founder\u2019s receipt of the Applicable Rate Adjustment Notice.", "In the event that any Existing Property Management Agreement or <strong>Future Property</strong> Management Agreement is terminated following the rejection thereof pursuant to Section 365 of the U.S. Bankruptcy Code (11 U.S.C. Section 101 et.", "If an Eligible Claimant is compensated for a re-plumb claim, that Eligible Claimant and their residential or commercial structure are no longer eligible to make any <strong>Future Property</strong> Damage Claims.", "If a Pause Period is triggered by Founder under this Section 3.07, Founder shall lose its Applicable Rate Adjustment Right on all <strong>Future Property</strong> Assets submitted to the Program, until there are no longer any Founder Properties subject to a Pause Period.", "Except as disclosed in an Engineering Report, each Initial Property and any <strong>Future Property</strong> (a) is and will continue to be in good repair, working order and condition, normal wear and tear excepted, (b) is free of structural defects, (c) is not subject to material deferred maintenance and (d) has and will have all building systems contained therein and all other FF&amp;E in good repair, working order and condition, normal wear and tear excepted.", "Eligible Claimants shall receive an initial payment of 70% of their <strong>Future Property</strong> Damage Claims, and at the end of the Claim Period, the Eligible Claimants shall receive a second pro rata payment which, depending on the claim rate, shall make the total payment up to 80% of their <strong>Future Property</strong> Damage Claims.", "<strong>Future Property</strong> Damage Claims for New Leaks are those that are based upon Qualifying Leaks in Covered Products that occur after the Effective Date and during the Claim Period.", "Lender shall be granted a first priority lien on the <strong>Future Property</strong>.", "Claimants can recover their reasonable <strong>Future Property</strong> Damage Claims (i.e., amounts reasonably incurred to address Qualifying Leaks)."], "related": [["foreclosure-property", "Foreclosure Property", "Foreclosure Property"], ["cooperative-property", "Cooperative Property", "Cooperative Property"], ["income-property", "Income Property", "Income Property"], ["hotel-property", "Hotel Property", "Hotel Property"], ["timeshare-property", "Timeshare Property", "Timeshare Property"]], "related_snippets": [], "updated": "2025-07-17T04:25:46+00:00"}, "json": true, "cursor": ""}}