Resale Restriction Agreement definition

Resale Restriction Agreement means Attachment No. 13 to this Agreement.
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Resale Restriction Agreement means an agreement, covenant, deed of trust, or other document, approved as to form by the city council, which is executed by the property owner and recorded against each affordable unit to insure that such unit remains affordable for the applicable term. The city manager is hereby granted the authority to execute the resale restriction agreement and any related documents following approval of form documents by the city council.
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Resale Restriction Agreement means a resale restriction agreement to encumber a for-sale or Moderate Income Unit or a Bridge Home in form and substance acceptable to both Developer and the Agency.
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Examples of Resale Restriction Agreement in a sentence

  • Participant is ready, willing and able to execute the CC&Rs, the Resale Restriction Agreement, the Equity Share Note, the Equity Share Deed of Trust, the Senior Note, the Senior Deed of Trust, the Capital Recovery Note, the Capital Recovery Deed of Trust and all documents necessary to effectuate the Development.

  • Participant has duly authorized the execution of this Agreement, the CC&Rs, the Resale Restriction Agreement, the Senior Note, the Senior Deed of Trust, the Capital Recovery Note, the Equity Share Note and the Equity Share Deed of Trust.

  • In addition, the Participant will not request and the City will not subordinate any of the Senior Deed of Trust, the Equity Share Deed of Trust, the Capital Recovery Deed of Trust and the Resale Restriction Agreement.

  • The conveyance of the Site by the City to the Participant effected by the recording of the City Deed, which shall be accomplished concurrent with the recording of the CC&Rs, the Resale Restriction Agreement, the Senior Deed of Trust, the Second Deed of Trust, the Equity Share Deed of Trust, and the Capital Recovery Deed of Trust.

  • Prepayment shall not, however, release Maker from the requirements of CC&Rs, the Resale Restriction Agreement, the Equity Share Note, the Capital Recovery Note, or the other provisions of the Agreement.

  • Participant has reviewed, and has consulted with legal counsel of Participant’s choosing, concerning this Agreement, including without limitation the HOME Regulations, the Rules and Regulations, the Senior Note, the Equity Share Note, the Capital Recovery Note as well as the City Deed, the CC&Rs, the Resale Restriction Agreement, the Senior Deed of Trust, the Equity Share Deed of Trust, and the Capital Recovery Deed of Trust.

  • As part of the Closing, each of the Senior Note, the Capital Recovery Note and the Equity Share Note shall be executed and held by Escrow Holder for delivery to City and all of the City Deed, the CC&Rs, the Resale Restriction Agreement, the Senior Deed of Trust, the Second Deed of Trust the Capital Recovery Deed of Trust, and the Equity Share Deed of Trust shall have been recorded by the Riverside County Recorder.

  • A grant deed for the Site in form acceptable to City, the CC&Rs, the Resale Restriction Agreement, the Senior Deed of Trust, the Equity Share Deed of Trust, and the Capital Recovery Deed of Trust have been recorded (or the Escrow Holder has confirmed that such instruments shall be recorded concurrent with the disbursement of such moneys, and that such instruments are ready to record).

  • The conveyance of the Site to the Participant shall be concurrent with the recording of the CC&Rs, the Resale Restriction Agreement, the Senior Deed of Trust, the Equity Share Deed of Trust and the Capital Recovery Third Deed of Trust unless otherwise agreed by City.

  • If the City conveys the Site to Participant, such conveyance is to be concurrent with the recording of the CC&Rs, the Resale Restriction Agreement, the Senior Deed of Trust, the Equity Share Deed of Trust and the Capital Recovery Third Deed of Trust.


More Definitions of Resale Restriction Agreement

Resale Restriction Agreement means the agreement executed by each Buyer of an Affordable Unit at the close of escrow of the Affordable Unit that delineates the restrictions to which the Buyer of the Affordable Unit is subject, such as resale controls, payment of any excess proceeds of sale to the City, and the City’s option, at time of sale, to purchase the Affordable Unit at a restricted price.
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Resale Restriction Agreement means the Buyer's Resale Restriction Agreement and Option to Purchase Agreement executed by the Owner and the City in connection with the Owner's purchase of the Home.
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Resale Restriction Agreement has the meaning given to such term in the Recitals.
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Related to Resale Restriction Agreement

  • Transfer-Restricted Security means any Security that constitutes a “restricted security” (as defined in Rule 144); provided, however, that such Security will cease to be a Transfer-Restricted Security upon the earliest to occur of the following events:

  • Transfer Restriction means any condition to or restriction on the ability of the Subscriber to pledge, sell, assign or otherwise transfer the Shares under any organizational document, policy or agreement of, by or with the Company, but excluding the restrictions on transfer described in paragraph 6(c) of this Subscription Agreement with respect to the status of the Shares as “restricted securities” pending their registration for resale or transfer under the Securities Act in accordance with the terms of this Subscription Agreement.

  • Stockholder Agreement means the Stockholder Agreement, dated as of August 29, 2003, among the Company and its stockholders, as amended and in effect from time to time.

  • Shareholder Agreement has the meaning set forth in the Recitals.

  • Stock Purchase Agreement means the agreement between the Company and a Purchaser who acquires Shares under the Plan that contains the terms, conditions and restrictions pertaining to the acquisition of such Shares.

  • Restricted Stock Agreement means the agreement between the Company and the recipient of a Restricted Share that contains the terms, conditions and restrictions pertaining to such Restricted Share.

  • Securities Purchase Agreement shall have the meaning set forth in the recitals hereto.

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;

  • Transfer Restricted Notes means Definitive Notes and any other Notes that bear or are required to bear the Restricted Notes Legend.

  • Stockholders Agreement means the Stockholders Agreement, dated as of the date hereof, by and among the Company and the other parties thereto.