Qualified Buyers definition

Qualified Buyers means the Buyers short-listed based on the qualification requirements specified as per clause no. 10.1 in the Bid Document for further evaluation as per the Bid Document.
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Qualified Buyers as used herein, are natural persons meeting the income, residency and all other qualifications contained in the Affordable Housing Requirements and the Plan, who must represent and agree pursuant to this Agreement to occupy the Lot as their primary place of residence, not engage in any business activity within the Lot except as may otherwise be permitted by the ULUR and any declaration of protective covenants affecting the Lot, and not sell or otherwise transfer the Lot for use in a trade or business; and
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Qualified Buyers means a person or persons (1) constituting a Household who have a combined annual Income that does not exceed eighty percent (80%) of AMI at the time of the purchase of the Unit, and (2), in connection with sales after the initial sale of the Unit by Developer, holding a valid Certification of eligibility from the City (as further described hereinafter) which entitles the Household tobuy the Unit. All governmental or quasi-governmental bodies who purchase, or otherwise take title to, the Unit for the purpose of sale or rental under any government program designed to assist the construction or occupancy of housing for families of low or moderate income are deemed to be “Qualified Buyers”. The verification of eligibility shall be calculated based on Income at the time of execution of a contract for purchase of the Unit. All resales are subject to 95% of the area median price.MAXIMUM SALE PRICE Calculation of Maximum Sale Price. During the time that this Covenant is in effect, but excluding the Developer’s initial sale of the Unit to a Qualified Buyer, the Unit may be transferred for no more than an amount calculated in accordance with this Article VI (“Maximum Sales Price”), as follows:
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Examples of Qualified Buyers in a sentence

  • Its Series “F” preferred shares, which were issued in July 2011 by way of private placement or to Qualified Buyers under Section 10.1(k) and (l) of the Securities Regulation Code, are likewise listed with the PSE.

  • The terms of the deed restriction remain in full force and effect with respect to the property until modified, amended or terminated.Only fully Qualified Buyers (top priority) may acquire an interest in a Property at a foreclosure sale or in lieu of foreclosure.

  • BCHA and the Owner will take corrective measures, if necessary, including but not limited to competitive pricing of the Community Home to attract Qualified Buyers.

  • Upon acceptance by two (2) Qualified Buyers, the applicant will construct the townhouses.

  • General Timeline of the Sale Once Initial Applicant Pool is Exhausted.‌ If the Owner, in good faith compliance with the procedures set forth in the Guidelines, exhausts the initial Applicant Pool of Qualified Buyers provided by BCHA without entering into an agreement for the Sale of the Property, the Owner shall notify BCHA of such occurrence in writing.

  • Eligible Noteholders will be limited to resident juridical entities or institutions (excluding natural persons) that, at the point of offer or purchase, are Qualified Buyers, whether on the primary or secondary markets.

  • Only fully Qualified Buyers (top priority) may acquire an interest in a Property at a foreclosure sale or in lieu of foreclosure.

  • In the event that APCHA or the Board, as the designee of the APCHA, exercise the option described above, the APCHA and/or its designee, may sell the Property to Qualified Buyers as that term is defined herein, or rent the Property to qualified tenants who meet the income, occupancy and all other qualifications, established by these Regulations until a sale to a qualified buyer is affected.

  • Bidders meeting the above-mentioned criteria will be considered as Qualified Buyers.

  • The Local Broker shall then promptly advertise the Property for sale to Qualified Buyers.


More Definitions of Qualified Buyers

Qualified Buyers are persons who can prove that they are (i) then currently permanent residents of Eagle County, Colorado, or (ii) then currently employed and working in Eagle County, Colorado, or (iii) have been hired by an employer in Eagle County, Colorado, all as evidenced by (1) an affidavit of the person, (2) verification by employer, (3) two most recent paystubs, or (4) other documents that the Agent deems necessary to make a determination.
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Qualified Buyers means (i) researchers in academic and non-profit research institutions, where the commercial and/or intellectual property rights of said academic or non-profit research institution are not owned by or obligated to a single for-profit corporation or business entity; and (ii) for-profit corporations or other business entities which have been granted a license under the Licensed Patents by BASF, as evidenced by their having been assigned a Licensee Number.
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Qualified Buyers means a person or persons (1) constituting a Household who have a combined annual Income that does not exceed eighty percent (80%) of AMI at the time of the purchase of the Unit, and (2), in connection with sales after the initial sale of the Unit by Developer, holding a valid verification of eligibility from the City (as further described hereinafter) which entitles the Household to buy the Unit. All governmental or quasi- governmental bodies who purchase, or otherwise take title to, the Unit for the purpose of sale or rental under any government program designed to assist the construction or occupancy of housing for families of low or moderate income are deemed to be “Qualified Buyers”. The verification of eligibility shall be calculated based on Income at the time of execution of a contract for purchase of the Unit.
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Related to Qualified Buyers

  • Qualified buyer means an applicant who meets the criteria in section 4.

  • Selling Member has the meaning set forth in Section 10.5(a).

  • Buyer has the meaning set forth in the preamble.

  • Co-Investor means any of (a) the assignees, if any, of the equity commitments of any Sponsor who become holders of Equity Interests in the Borrower (or any of the direct or indirect parent companies of the Borrower) on the Original Closing Date in connection with the acquisition of the Company by the Sponsor and (b) the transferees, if any, that acquire, within 90 days of the Original Closing Date, any Equity Interests in the Borrower (or any of the direct or indirect parent companies of the Borrower) held by any Sponsor as of the Original Closing Date.

  • Purchaser means the organization purchasing the goods.

  • Regulation S Investor With respect to a transferee of a Regulation S Global Certificate, a transferee that acquires such Certificate pursuant to Regulation S.

  • Proposed Purchaser shall have the meaning set forth in Section 5.7(a).

  • Qualified Purchaser as defined in Section 2(a)(51) of the Investment Company Act of 1940, as amended.

  • Eligible Purchaser means a corporation, partnership or other entity which we have reasonable grounds to believe and do believe can make representations with respect to itself to substantially the same effect as the representations set forth herein.

  • Participating Investor any Participating Account, Participating Insurance Company or Participating Plan, including the Account and the Company.

  • Purchaser Affiliate means any affiliate of the Purchaser, including a transferee who is an affiliate of the Purchaser, and any person who controls the Purchaser or any affiliate of the Purchaser within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act; and

  • Prospective Purchaser shall have the meaning set forth herein in Section 2.2(a).

  • Third Party Purchaser means any Person who, immediately prior to the contemplated transaction, (a) does not directly or indirectly own or have the right to acquire any outstanding Common Stock or (b) is not a Permitted Transferee of any Person who directly or indirectly owns or has the right to acquire any Common Stock.

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

  • Qualified Investor means an investor who has been certified by the commissioner under subdivision 3.

  • Transferring Stockholder has the meaning assigned to such term in Section 3.4(a).

  • Selling Stockholder means any Stockholder owning Registrable Shares included in a Registration Statement.

  • Other Selling Stockholders means persons other than Holders who, by virtue of agreements with the Company, are entitled to include their Other Shares in certain registrations hereunder.

  • Qualified Person means one who, by possession of a recognized degree, certificate, or professional standing, or who by extensive knowledge, training and experience, has successfully demonstrated his ability to solve or resolve problems relating to the subject matter, the work, or the project.

  • Investor is defined in the preamble to this Agreement.

  • Seller has the meaning set forth in the preamble.

  • Selling Shareholder has the meaning set forth in Section 3.04(a).

  • Purchaser Representative means any person who satisfies all of the following conditions or who the issuer reasonably believes satisfies all of the following conditions:

  • BIDDER/Seller which expression shall mean and include, unless the context otherwise requires, his successors and permitted assigns) of the second part.

  • retail investor means a person who is one (or more) of the following:

  • Primary Seller means the Seller whose Bid City selected as the principal supplier of the Goods and/or Services required under this Agreement.