Initial Sale Price definition

Initial Sale Price shall have the meaning shown on Exhibit B.
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Initial Sale Price means that price set by the Declarant at the time the Unit(s) is or are offered for sale, in compliance with the provisions set forth in Article 5 below.
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Initial Sale Price means any sale price that is within the range established by the Guidelines for Qualified Buyers, and, in any event, that will not exceed thirty percent (30%) of household income for housing costs, including principal, interest, taxes, insurance and Homeowner Association fees, established by the AMI closest in time to the Date of Intent to Sell for the initial sale of a Restricted Lot.
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Examples of Initial Sale Price in a sentence

  • Expressed in MS Excel format:Allowed Initial Sale Price=-PV(InterestRate/12,360,AllowedGrossRent)/(1-DownPaymentPercentage)Calculating the above prices on a square footage basis requires dividing the Allowed Maximum Rental Rate and Allowed Initial Sale Price above by the mid-point square footage for a given bedroom size.

  • Calculation of the Allowed Initial Sale Price assumes a 30-year fixed rate mortgage with a down payment of 5% of the purchase price.

  • It is demonstrated and the Subcommittee finds the variance will benefit the affordable housing program.Applications for such an increase in the Initial Sale Price shall be considered an Exception and shall be applied for and heard by the THA Subcommittee according to the Exceptions Policy contained in Section 108.2.205.2 Payment-in-lieu Fees: In certain cases, the developer of Affordable Housing may make a payment-in-lieu of construction of required Affordable Housing units.

  • Upon completion of the Affordable Unit, the Developer shall not sell the Affordable Unit for a price greater than the Initial Sale Price as shown on Exhibit B.

  • Developer may not increase the Initial Sale Price for an Affordable Unit without the prior written approval of the Declarant and Declarant may withhold or condition its written approval, if any, in its sole and absolute discretion.

  • All public notifications such as those in the newspaper, flyers or websites of the POP and service hearings shall explicitly list the amount of Federal funding and the funding program.

  • Cheques or orders for payment drawn on the bank account in accordance with the schedule as presented to Council or committee shall be signed by two members of Council in accordance with a resolution instructing that payment.

  • Grassroots lobbying is limited to 25% of the total amount allowed for direct lobbying amount, with a maximum of $250,000.

  • In the event a sale price for the EDU cannot be fixed for any reason, the limit on Household Net Assets shall be twice the Tier 2 Allowed Initial Sale Price that would be applied to the unit based on unit size according to the table in Section 205.1A.

  • If an otherwise acceptable bid is received from a Town Worker outside of the Priority Period equal to the Initial Sale Price or Maximum Resale Price, as applicable, for the Restricted Unit, unless the Restricted Unit is under contract to be sold to another Qualified Occupant buyer, the Restricted Unit shall be sold to such Town Worker at the Maximum Resale Price.


More Definitions of Initial Sale Price

Initial Sale Price is equal to the Closing Payment Amount as adjusted in accordance with Section 1.6 hereof.
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Initial Sale Price means the actual price for the sale of the Property by the LTA Developer to the Initial Owner.
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Initial Sale Price means the price set by the Housing and Community Development Board under section 13.403 of this subtitle for the first sale of a type of moderate income housing unit.(j) Median income means the median annual income of Howard County as determined by the U.S. Census Bureau.(k) Moderate income means an annual household income of up to 80 percent of the median income in Howard County.(l) Moderate income housing unit means a dwelling unit offered for sale or rent to households with moderate incomes.(m) Moderate income housing unit offered for sale means a unit that is built on a subdivided lot or subject to a condominium regime, as provided in a moderate income housing unit agreement under subsection 13.402(b) of this subtitle.(n) Proffered unit means a moderate income housing unit in a development for which the provision of moderate income housing is proffered by the petitioner and made a condition of approval in a preliminary development plan approved by the Zoning Board.(o) Rehabilitated existing moderate income housing unit means an existing residential housing unit that has been determined by the Department of Housing and Community Development to have met the specified eligibility criteria and rehabilitation requirements for such units as provided in this subtitle and that is subject to and bound to comply with all of the requirements in this subtitle applicable to newly built moderate income housing units.(p) Rental unit means a moderate income housing unit that is not a moderate income housing unit offered for sale.(C.B. 93, 1996; C.B. 38, 2001, § 1; C.B. 59, 2001; C.B. 21, 2003, § 1; C.B. 66, 2003, § 1; C.B. 22,2006, § 2; C.B. 74, 2007, § 1)Sec. 13.402. - Development procedures; moderate income housing unit agreement; alternative.
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Initial Sale Price means the sale price paid by the Qualified Occupant to the Developer pursuant to Section 8.3
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Related to Initial Sale Price

  • Time sale price means the total of the cash price of the goods and services or services, the finance charge, and the amounts, if any, included for insurance premiums and official fees.

  • Cash sale price means the price of a good or service a retail buyer would pay if he or she paid for the good or service in cash, and that is stated in a retail installment contract or in a sales slip or other memorandum furnished by a retail seller to a retail buyer pursuant to a retail charge agreement for that good or service. The cash sale price may include any taxes and charges for delivery, installation, servicing, repairs, alterations, or improvements.

  • Closing Sale Price means, for any security as of any date, the last closing trade price for such security on the Principal Market, as reported by Bloomberg, or, if the Principal Market begins to operate on an extended hours basis and does not designate the closing trade price, then the last trade price of such security prior to 4:00:00 p.m., New York time, as reported by Bloomberg, or, if the Principal Market is not the principal securities exchange or trading market for such security, the last trade price of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or if the foregoing does not apply, the last trade price of such security in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no last trade price is reported for such security by Bloomberg, the average of the ask prices of any market makers for such security as reported in the “pink sheets” by OTC Markets Group Inc. (formerly Pink Sheets LLC). If the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Closing Sale Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved in accordance with the procedures in Section 13. All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction during such period.

  • Wholesale price or "WSP" shall mean the greater of (i) the first published price of the Licensed Product offered to retailers by Publisher as evidenced by a sell sheet or price list issued by Publisher, or (ii) the actual price paid by retailers upon the first commercial shipment of a Licensed Product without offsets, rebates or deductions from invoices of any kind.

  • Closing Price has the meaning assigned to such term in Section 15.1(a).

  • Initial Closing Price means the RI Closing Value of a Reference Item on the Strike Date

  • Average Price means the average closing price of a share of the Substitute Common Stock for the one year immediately preceding the consolidation, merger or sale in question, but in no event higher than the closing price of the shares of Substitute Common Stock on the day preceding such consolidation, merger or sale; provided that if Issuer is the issuer of the Substitute Option, the Average Price shall be computed with respect to a share of common stock issued by the person merging into Issuer or by any company which controls or is controlled by such person, as the Holder may elect.

  • Selling Price means the consideration for a sale valued

  • VWAP means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then reported in the “Pink Sheets” published by OTC Markets Group, Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the Purchasers of a majority in interest of the Securities then outstanding and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company.

  • Average Closing Price means the average of the closing market prices of a Share over the last five (5) Market Days on which transactions in the Shares were recorded on the SGX-ST immediately preceding the date of the Market Purchase by the Company or, as the case may be, the date of the making of the offer pursuant to the Off-Market Purchase, and deemed to be adjusted for any corporate action that occurs after the relevant five-day period; and