IAH-E Unit definition

IAH-E Unit. The Corporation of the County of Hastings shall advance the Principal Sum to the solicitor of the Borrower on behalf of the Borrower to be applied towards the purchase price on the closing of the purchase by the Borrower of the IAH-E Unit (the “Closing”).
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Examples of IAH-E Unit in a sentence

  • The fair market value of the IAH-E Unit shall be determined by The Corporation of the County of Hastings, at The Corporation of the County of Hastings’s discretion, based on either an independent appraisal commissioned by The Corporation of the County of Hastings at The Corporation of the County of Hastings’s expense or the current municipally assessed value of the IAH-E Unit.

  • The IAH-E Loan shall be secured by a mortgage registered against title to the IAH-E Unit.

  • The mortgage/charge of land shall be registered against title to the IAH-E Unit immediately after registration of any mortgage securing the primary financing for the acquisition of the IAH-E Unit.

  • In addition, the Borrower shall pay to the City an amount that is equal to the percentage that the IAH-E Loan is of the original purchase price of the IAH-E Unit as applied to the differential between the current fair market value of the IAH-E Unit and the original purchase price of the IAH-E Unit.

  • The City shall advance the IAH-E Loan to the Borrower’s solicitor in trust, pursuant to instructions provided by the City, in advance of the closing of the purchase by the Borrower of the IAH-E Unit (the “Closing”) and shall direct the Borrower’s solicitor to advance the principal amount of the IAH-E Loan to the vendor of the IAH-E Unit on behalf of the Borrower on closing.

  • During the Affordability Period, the debtor may repay all of the IAH-E Loan together with an amount that is equal to the percentage that the IAH-E Loan is of the original purchase price of the IAH-E Unit as applied to any positive differential between the current fair market value of the IAH-E Unit and the original purchase price of the IAH-E Unit.

  • If, during the period in which the Principal Sum is outstanding, the IAH-E Unit is resold, transferred or disposed of for more than the price at which it was acquired by the Borrower, the Borrower shall pay to The Corporation of the County of Hastings an amount that is equal to the percentage that the Principal Sum is of the original purchase price of the IAH-E Unit as applied to the differential between the current fair market value of the IAH-E Unit and the original purchase price of the IAH-E Unit.

  • The Borrower may repay all of the Principal Sum upon payment of an amount that is equal to the percentage that the Principal Sum is of the original purchase price of the IAH-E Unit as applied to any positive differential between the current fair market value of the IAH-E Unit and the original purchase price of the IAH-E Unit.

  • The borrower is responsible for all legal costs related to the registration and purchase of the IAH-E Unit.

  • Subject to the provisions of the Investment in Affordable Housing for Ontario Program Extension (2014) (IAH-E), Homeownership Component, and subject to the terms hereof, The Corporation of the County of Hastings agrees to lend to the Borrower and the Borrower agrees to borrow from The Corporation of the County of Hastings the sum of Enter $ amount Dollars ($Enter Amount.00) of lawful money of Canada (the ‘Principal Sum”), secured by way of a valid second mortgage/charge on the IAH-E Unit.

Related to IAH-E Unit

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • Class C Unit means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners and Assignees, and having the rights and obligations specified with respect to the Class C Units in this Agreement. The term “Class C Unit” does not refer to a Common Unit until such Class C Unit has converted into a Common Unit pursuant to the terms hereof.