PHFL definition

PHFL means the Private Housing Finance Law.
View Source
PHFL means the Private Housing Finance Law of the State of New York.
View Source
PHFL means the New York Private Housing Finance Law.
View Source

Examples of PHFL in a sentence

  • Upon commencement of the PHFL Offer, the PHFL Documents provided to the Company shall be in full force and effect and shall not have been amended in any material respect.

  • At the Effective Time, the Company, if so requested, shall use its commercially reasonable efforts to cause Persons designated by Parent to constitute the same percentage of each committee of its Board of Directors, each Board of Directors of each Subsidiary (not including PHFL or PHFT) and each committee of each such Board of Directors (in each case to the extent of the Company's ability to elect such Persons).

  • So long as the tax exemption remains in effect, tenant rental charges for the Project shall not exceed the maximum established or allowed by law, rule or regulation, and the Property and Project shall be operated in conformance with the provisions of Article XI of PHFL.

  • The parties hereby agree that the provision of affordable rental housing pursuant to Article XI of the PHFL constitutes a public purpose.

  • The parties further agree that the Project shall be operated in accordance with any requirements or rules heretofore adopted by the Village in its role as the Supervising Agency under Article XI of the PHFL.

  • Subsections 4.10(a) through 4.10(i), Subsection 4.10(k) and Section 4.11 shall not apply to any continuing employees or former employees of Omega (UK) Limited, PHFL or Idun Health Care Limited or any of their Subsidiaries (the "UK Companies").

  • Parent has delivered to the Company draft copies of the PHFL Offer Document, as well as such documents, undertakings and contracts as may be necessary to reflect the terms and conditions of the PHFL Offer and the PHFL Offer Condition (collectively, the "PHFL Documents").

  • Based payment of dues towards the Loan, PHFL shall classify the Loan as Special Mention Account (“SMA”) or Non- Performing Asset (“NPA”) in accordance with the regulatory requirements.

  • The Company hereby agrees that it shall not, and shall cause its Affiliates not to, enter into any agreement, letter of intent, agreement in principle or understanding with any Person that violates or conflicts with, or could reasonably be expected to violate or conflict with, the provisions and agreements contained in the PHFL Offer.

  • In the event the Cooperator elects not to renew the Lease, the Cooperator shall, nevertheless, continue to be responsible to the Company for all rent and additional rent of the Apartment for ninety (90) days from the date the apartment was surrendered in accordance with Section 17-5.2(b) of the PHFL or until the carrying charges and utility charges are assumed by the new Cooperator, whichever is earliest.

Related to PHFL

  • Model 2 seller means a seller registered under the agreement that:

  • Model 1 seller means a seller registered under the agreement that has selected a certified service provider as the seller's agent to perform all of the seller's sales and use tax functions for agreement sales and use taxes other than the seller's obligation under Section 59-12-124 to remit a tax on the seller's own purchases.

  • Model 4 seller means a seller that is registered under the agreement and is not a model 1 seller, model 2 seller, or model 3 seller.

  • LFL means the Local Finance Law of the State, as amended from time to time.

  • Masterworks Investor refers to an affiliate of Masterworks that has raised capital from unaffiliated third party investors to invest the proceeds in a diversified collection of artwork and which acquires Class A Ordinary Shares as part of such investment strategy.