Examples of Restriction Agreement in a sentence
Developments awarded Housing Tax Credits but do not yet have a Land Use Restriction Agreement in place will be considered Housing Tax Credit assisted Developments for purposes of this paragraph according to the property inventory included in the HTC Site Demographic Characteristics Report.
Unless the Committee determines otherwise and as set forth in the Restriction Agreement, upon issuance of such shares, the Grantee shall have all of the rights of a shareholder with respect to such shares, including the right to vote the shares and to receive all dividends or other distributions paid or made with respect to them.
For income, the County Assessor determined the maximum available rent for each unit in the Subject Property and adjusted it downward by the amount provided by the Land Use Restriction Agreement (LURA) governing the rent restrictions of the Subject Property.
The Restriction Agreement may authorize the Company to withhold from compensation otherwise due to the Grantee the full amount of any federal, state and local income, employment or other taxes required to be withheld from the income of such Grantee as a result of the lapse of the restrictions on shares of Restricted Stock, or otherwise as a result of the recognition of taxable income with respect to an Award.
Regulatory Agreement(s) or Land Use Restriction Agreement (LURA) There may be multiple regulatory agreements, each tied to a different financing source, tax abatement, or land concession.