LURC definition

LURC means the Declaration of Land Use Restrictive Covenant for Low-Income Housing Tax Credits that is a recorded agreement between GHFA and the Owner. The LURC is binding upon the Owner and its successors in interest, and that encumbers the project with respect to this Plan and the requirements of Section 42 of the Code.
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LURC means the Declaration of Land Use Restrictive Covenant for Low-Income Housing Tax Credits that is a recorded agreement between GHFA and the Owner. The LURC is binding upon the Owner and its
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LURC means the “Certificate of land use right and ownership over the residential houses and other property attached to land” issued by a competent authority to the Buyer in respect of the Apartment in accordance with the laws on land;
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Examples of LURC in a sentence

  • All construction and/or permanent financing for the project must be subordinated to that portion of the recorded LURC that sets forth the requirements of Section 42(h)(6)(E)(ii) of the Code.

  • The LURC will contain provisions ensuring enforcement of this provision.

  • The LURC shall reflect all representations made in the original Application and any changes made to the original Application that have been approved in writing by GHFA.

  • The LURC will be drafted after GHFA’s receipt of the certification of the 10% test, and must be recorded upon its execution.

  • All construction and/or permanent financing for the project must be subordinated to that portion of the recorded LURC that sets forth the requirements of Section 42 (h)(6)(E)(ii) of the Code.

  • The Owner must execute and record GHFA’s prescribed form of the LURC prior to final allocation as required under Section 42(h)(6) of the Code.

  • Failure to maintain or operate amenities and services as set out in the tax credit Application and/or LURC or LURA.

  • The Owner must execute and record GHFA’s prescribed form of the LURC at or prior to bond closing.

  • The LURC shall reflect all representations made in the original Application and any changes made to the original Application that has been approved in writing by GHFA.

  • The LURC must reflect all representations made in the original Application and any changes made to the original Application that have been approved in writing by GHFA.


More Definitions of LURC

LURC has the meaning ascribed to such term in the preamble to this Agreement.
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LURC means the Declaration of Land Use Restrictive Covenants relating to the Property; “Property” means the real property in qq County, Georgia, more particularly described in the attached Exhibit A; “Security Deed” means the deed to secure debt from Borrower to GHFA, conveying the Property as collateral for the Loan*; and “Tax Credit Documents” means the partnership agreement of Borrower and any other agreement or instrument evidencing or relating to the agreement of the sale of low-income housing tax credits by Borrower.
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LURC means land use restricted conditions.
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LURC means the Declaration of Land Use Restrictive Covenants for the Project. “Manager” means qk.
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Related to LURC

  • LURA means the Land Use Restriction Agreement that is a recorded agreement between GHFA and the Owner of a HOME-funded project. The LURA is binding upon the Owner and its successors in interest, and that encumbers the project with respect to this Plan and the requirements of the HOME program.

  • Raptor means all birds of the orders Falconiformes and Strigiformes, commonly called falcons,

  • BSC means the balancing and settlement code required to be in place, pursuant to the transmission licence granted to the transmission company in England and Wales, as from time to time modified.

  • NSC means Norfolk Southern Corporation.

  • Arena means an enclosed building:

  • Elan means Elan Corp and its Affiliates.

  • haemophilia means an inheritable disease, usually affecting only male but transmitted by women to their male children, characterised by loss or impairment of the normal clotting ability of blood so that a minor would may result in fatal bleeding;

  • MOHLTC means the Minister or the Ministry of Health and Long-Term Care, as the context requires;

  • Sub-Licensee means all person/ agency with whom Licensee has executed sub license agreement as per terms and conditions of license agreement executed between DMRC and the Licensee, for commercial utilization of the Bare Spaces.

  • Field of vision means the section of the tri-dimensional space above ground level which is monitored with the help of a device for indirect vision. Unless otherwise stated, this is based on the view offered by a device and/or devices other than mirrors. This may be limited by the relevant detection distance corresponding to the test object.

  • Founder means, in respect of an issuer, a person who,

  • Novartis shall have the meaning set forth in the Preamble.

  • Co-licensed partner means a person who, with at least one other person, has the right to engage in

  • Shire means Shire of Augusta Margaret River

  • CIMA means the Cayman Islands Monetary Authority whose contact details are available from www.cima.ky;

  • NPS means nominal pipe size.

  • SADC means the Southern African Development Community;

  • SMP : means Significant Market Power;

  • Soil scientist means an individual duly qualified in accordance with standards set by the Federal Office of Personnel Management.

  • AASHTO means the American Association of State Highway and Transportation Officials.

  • Sage means The Sage Group plc or an Affiliate thereof.

  • Selling Partner has the meaning set forth in Section 8.5.

  • Merck has the meaning set forth in the preamble.

  • MSD means the Louisville and Jefferson County Metropolitan Sewer District.

  • Embalmer means any person engaged in the practice of embalming.

  • SONIAi-pLBD means, in respect of any London Banking Day “i” in the relevant Interest Period, the SONIA reference rate for the London Banking Day falling “p” London Banking Days prior to the relevant London Banking Day “i”.