Examples of Resale in a sentence
The Resale Option is used when only development subsidies such as site acquisition, rehabilitation, or construction financing are provided to the developer and no direct subsidy is provided to the homebuyer and the unit is sold at the fair market value.
The Company shall promptly notify each Holder, in writing, of the filing of the Resale Shelf Registration Statement or any Prospectus, amendment or supplement related thereto, or any post-effective amendment to the Resale Shelf Registration Statement, and of the effectiveness of any post-effective amendment.
The Resale Option ensures that the home remains affordable over the entire period of affordability, even in the event of subsequent sales.
The Company shall promptly notify the Holders in writing of any request by the Commission for any amendment or supplement to, or additional information in connection with, the Resale Shelf Registration Statement required to be prepared and filed hereunder (or Prospectus relating thereto).
Should this HOME assisted project be sold by the initial homebuyer prior to the end of the period of affordability, the HOME assistance will be repaid according to the Consortium’s Resale Recapture Guidelines in Exhibit C.