Maximum Resale Price definition

Maximum Resale Price means the maximum purchase price that may be paid by any purchaser of the Unit, that is determined in accordance with the provisions of Article 6 of this Covenant. The Maximum Resale Price is not a guaranteed price, but merely the highest price an Owner may obtain for the sale of the Unit.

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Maximum Resale Price is the maximum resale price of a For Sale Inclusionary Unit as determined pursuant to the procedures contained in Schedule 1 attached hereto.

Maximum Resale Price means the maximum purchase price that may be paid by any purchaser of a Unit, other than the initial purchaser who acquires the Unit from Declarant, that is determined in accordance with the provisions of Article 6 of this Covenant. The Maximum Resale Price is not a guaranteed price, but merely the highest price an Owner may obtain for the sale of the Unit.

Examples of Maximum Resale Price in a sentence

The purchase price shall be an amount that is the greater of (a) the amount of the debt secured by all Mortgages recorded against the subject For Sale Inclusionary Unit(s), including commercially reasonable costs and expenses, if any, incurred by Mortgagee as a result of a default and due and payable by the Inclusionary Unit Owner under the terms of the Mortgage or (b) the Maximum Resale Price.
If there is conflict between any term of this Covenant and the IZ Laws, the IZ Laws shall control except for the provisions relating to the calculation of the Maximum Resale Price contained in Schedule 1.
In no event shall the aggregate amount of all Mortgages placed against a For Sale Inclusionary Unit exceed an amount equal to one hundred five percent (105%) of the Maximum Resale Price for such unit.
Prior to obtaining any Mortgage or refinancing thereof, the Inclusionary Unit Owner shall request from the Agency the then-current Maximum Resale Price for its For Sale Inclusionary Unit.
For all subsequent Sales, the For Sale Inclusionary Unit shall be sold to Qualified Purchasers at a purchase price at or below the Maximum Resale Price.

More Definitions of Maximum Resale Price

Maximum Resale Price means the Purchase Price paid by the last Qualified Buyer plus: an increase of 1.5% per annum of such Purchase Price (prorated at the rate of 1/12 for each whole month) from the date of Owner's purchase of the Property to the date of the Owner's execution of the listing contract, such percentage increase to not be compounded annually; and the value of Permitted Capital Improvements.

Maximum Resale Price or “MRP”) which shall be determined through use of the formula MRP = (P x F) + V (“Resale Formula”), where: P = the price the Affordable Owner paid for the Affordable Unit; F = the sum of the Ten Year Compound Annual Growth Rates of the AMI from the year of purchase to the year of sale. This function can be described by the following equation:

Maximum Resale Price has the meaning given in Article V.E.1.

Maximum Resale Price means that maximum Purchase Price that shall be paid by any purchaser of the Property, other than the initial purchaser who acquires the Property from Developer, as determined in accordance with the provisions of Section 3.3

Maximum Resale Price. Upon the CLT’s determination of the Maximum Resale Price, the sale of the Residential Unit shall be facilitated by the CLT. The sale of the Residential Unit shall be completed in accordance with any applicable procedures set forth herein and with any Guidelines adopted by the CLT from time to time. In the event the provisions of this option shall, for any reason, become unenforceable, the Lessor shall nevertheless have a right to first refusal to purchase the Residential Unit at the highest documented bona fide purchase price offer made to the Lessee. Any sale or transfer contrary to this Section, when applicable, shall be null and void. The Ground Lease shall terminate upon conveyance of the Residential Unit to the Lessor. The restrictions and conditions of the Ground Lease, and any conditions and restrictions set forth in an Exhibit to the Ground Lease are essential to the fulfillment of the purposes of the Lessor and are conditions and restrictions on the use of the Leased Land intended to run the full term of the Ground Lease.

Maximum Resale Price means the maximum purchase price that shall be paid by any purchaser of a Restricted Unit that is determined in accordance with the provisions of Sections

Maximum Resale Price means the total estimated retail price for the Eligible Surface Products less the value of the applicable rebate.