Maximum Purchase Price definition

Maximum Purchase Price has the meaning assigned to the term in the Pricing Side Letter.

Maximum Purchase Price. The meaning given to such term in Section 4.01(b).

Maximum Purchase Price means $500,000,000.

Examples of Maximum Purchase Price in a sentence

• Should a Project Sponsor or BMR Owner wish to update the Maximum Purchase Price levels as new Maximum Household Income levels are published by MOH at the beginning of each calendar year, the BMR Unit(s) must be removed from marketing and a new pricing and marketing process must be established.

• The issue that needs to be addressed is whether there is a deliberate attempt to circumvent the Maximum Purchase Price limits or whether the Eligible Borrower just got a good deal.

• The Purchase Price of a Single Family Residence shall not exceed the Maximum Purchase Price for the applicable Program published by the Authority as part of the Program Manual.

• If the appraised value exceeds the Maximum Purchase Price Limit but the Acquisition Cost is below the limit and transaction is clearly an “arm’s length” transaction (not between relatives, for example), we usually conclude that our Eligible Borrower bargained for a “good deal.” We may require a statement from the Eligible Borrower and Seller indicating that no relationship exists if we are unclear about the relationship between the Eligible Borrower and the Seller.

• If the appraised value of the property exceeds the Maximum Purchase Price, do not assume that the loan will not qualify as a Mortgage Loan; we still may be able to approve the Mortgage Loan.

More Definitions of Maximum Purchase Price

Maximum Purchase Price and “Termination Date” in their entirety and replacing them with the following:

Maximum Purchase Price shall have the meaning specified in the Fee Letter.

Maximum Purchase Price means $200,000,000.

Maximum Purchase Price. With respect to any Purchased Asset, the amount equal to the Applicable Percentage for such Purchased Asset multiplied by the lower of (a) the Market Value of such Purchased Asset, and (b) the par amount of such Purchased Asset, as such amount may be increased, without duplication, by any additional principal amounts advanced by Seller to the related Underlying Obligor pursuant to the related Mortgage Loan Documents, and as may be reduced, (without duplication) by any principal payment (to the extent not reflected in either the Market Value or par amount of such Purchased Asset), and as may be reduced pursuant to Section 3.10(b).

Maximum Purchase Price means an amount equal to $175,000,000 minus the aggregate outstanding Purchase Price under the Series 2017-VF1 Repurchase Agreement and the Series 2021-PIAVF1 Repurchase Agreement.

Maximum Purchase Price shall have the meaning set forth in Section 2(d).

Maximum Purchase Price means the maximum purchase price of a Unit in an area as determined by HUD.