Property Parameters definition

Property Parameters means the requirements for Properties acquired by the Company set forth on Schedule B. “Renovation Fee” means, in connection with the Initial Renovation of any Property, a fee payable to AH LLC in an amount equal to the lesser of (i) ten percent (10%) of the cost of the Initial Renovation therefor, (ii) Ten Thousand Dollars ($10,000) and (iii) the amount which, when added to the total Acquisition Fee paid to AH LLC for such Property, equals five percent (5%) of the aggregate sum of the purchase price for such Property and the cost of Initial Renovation for such Property.
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Examples of Property Parameters in a sentence

  • If the Executive Committee approves any such amendment or modification, Manager shall promptly prepare and provide to each Member a revised Schedule B that shall from and after the date of such approval replace the then-current Schedule B, and the Property Parameters shall be deemed to have been so amended or modified for all purposes of this Agreement (including, without limitation, Section 13.1) from and after such date.

  • Any Member may at any time during the Investment Period recommend to the Executive Committee that the Property Parameters be amended or modified by providing written notice of such recommendation to each of the Members, and the Executive Committee shall promptly consider any such recommendation.

  • The purpose of the Company is to acquire, own, lease, renovate, market and sell single-family residential properties in the United States in accordance with the Property Parameters, and subject to obtaining the consent of the Executive Committee (to the extent required hereunder), to engage in any and all lawful activities to accomplish the foregoing.

Related to Property Parameters

  • Operating parameter value means a minimum or maximum value established for a control device or process parameter that, if achieved by itself or in combination with one (1) or more other operating parameter values, determines that an owner or operator has complied with an applicable emission limit.

  • Program Parameter means, in respect of a program, the provincial standards (such as operational, financial or service standards and policies, operating manuals and program eligibility), directives, guidelines and expectations and requirements for that program;

  • Property, Plant and Equipment means any item of real property, or any interest therein, buildings, improvements and machinery.

  • Property Notice means any order, notice, proposal, demand or other requirement issued by any competent authority (including the Landlord) which materially affects the Academy Trust’s ability to use the Land for the purposes of the Academy.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.