qualifying tenant definition

qualifying tenant means a business entity that exists for the primary purpose of engaging in commercial activity for profit and that leases space from a qualifying business within an eligible computer data center. The term does not include the state or federal government or any of their departments, agencies, and institutions; tribal governments; political subdivisions of this state; or any municipal, quasi-municipal, public, or other corporation created by the state or federal government, tribal government, municipality, or political subdivision of the state.

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qualifying tenant means a tenant who meets the conditions in subsection (1)(b).

qualifying tenant means a tenant who, under the terms of the lease, is required to contribute to the same costs as another tenant by the payment of a service charge.”

Examples of qualifying tenant in a sentence

The signing of any such instrument by the Authority shall be deemed for all purposes to be on behalf of, and shall be legally binding on, the Authority, any Qualifying Tenant and any individual who meets the income limitation applicable to the Project under the Code (whether present, prospective or former occupants of the Project).
Eligibility Certifications will be maintained for the duration of the Qualified Project Period on file by the Developer with respect to each Qualifying Tenant who resides in a residential unit or resided therein during the for the duration of the Qualified Project Period.
The form of lease to be utilized by the Developer in renting any residential units in the Project to any person who is intended to be a Qualifying Tenant will provide for termination of the lease and consent by the person to immediate eviction for failure to qualify as a Qualifying Tenant as a result of any material misrepresentation made by the person with respect to the Eligibility Certification.
If during their tenancy a Qualifying Tenant’s income exceeds 140% of the maximum income qualifying as low or moderate income for a family of its size, the next available residential unit (determined in accordance with the Code and applicable regulations) (the “Next Available Unit Rule”) must be leased to a Qualifying Tenant or held vacant and available for occupancy by a Qualifying Tenant.
As a condition to initial and continuing occupancy, each person who is intended to be a Qualifying Tenant will be required annually to sign and deliver to the Developer a Certification of Tenant Eligibility substantially in the form attached as EXHIBIT B hereto, or in any other form as may be approved by the EDA (the “Eligibility Certification”), in which the prospective Qualifying Tenant certifies as to having a qualifying low or moderate income.

More Definitions of qualifying tenant

qualifying tenant means a tenant that meets the income requirements of Paragraph 7(b).

qualifying tenant means a tenant who meets the conditions in paragraph (1)(b).

qualifying tenant means a tenant who is 65 years of age

qualifying tenant means a tenant who within their tenancy agreement has the

qualifying tenant has the meaning set forth in Section 3.5.

qualifying tenant has the meaning given it in the Management Agreement.

qualifying tenant. A tenant whose income does not exceed the lesser of (i) the relevant limit set forth in Section 42(g)(1) of the Code, and the Credit application, which is [use 60% or 50%--depending on whether 40/60 or 20/50 test is used] of the applicable area median gross income, as adjusted for family size and (ii) applicable income limitations imposed by the HCA. [HOME requirement – Further, twenty percent (20%) of the HOME-assisted Units (as determined by applicable HOME Investment Partnership Act requirements) in the Project must be occupied by households with income at or below fifty percent (50%) of such area median gross income];