Use Restriction means the general prohibition on the Purchaser’s ability to sell, transfer, spend, exchange or otherwise make use of the Tokens on the Blockstack Network.

Use Restriction means any federal, state, or local statute, regulation, ordinance, or contract that, as a condition of receipt of any housing assistance, including a rental subsidy, mortgage subsidy, or mortgage insurance, to an assisted housing development, establishes maximum limitations on tenant income as a condition of eligibility for occupancy of the units within a development, imposes any restrictions on the maximum rents that could be charged for any of the units within a development; or requires that rents for any of the units within a development be reviewed by any governmental body or agency before the rents are implemented.

Use Restriction means any provision of the governing documents of an association that restricts a unit’s owner in the use of his unit.

Examples of Use Restriction in a sentence

Prepayment of the Loan prior to the expiration of the Period of Affordability shall not relieve the Borrower of the application of the Period of Affordability requirements detailed in this Agreement, except as provided in the Land Use Restriction Agreement.
School Board further acknowledges that the current (and continued) operation of the Property as “Affordable Housing” shall constitute “use for a public purpose” and shall be in compliance with the Use Restriction.
School Board and Lender further agree that any transfer of Borrower’s leasehold in interest in the Property in connection with foreclosure or deed in lieu thereof (a “Transfer”) shall not require School Board’s consent; provided, however, that notwithstanding a Transfer, the Property shall continue to be subject to the terms of the Ground Lease and the Use Restriction and any such Transfer shall in no way affect School Board’s Reversionary Interest.
The affordability of each multi-family housing unit will be protected with a twenty-year (20-year) Land Use Restriction Agreement (XXXX) approved by the GLO.
To that end, no fewer than the number of multifamily units in the Project set forth in the table below shall, pursuant to the terms and conditions of a Land Use Restriction Agreement (i.e., the “XXXX”) in substantially the form attached hereto as “Attachment 1” to this Schedule P and incorporated herein by reference.

More Definitions of Use Restriction

Use Restriction means the general prohibition on the Subscriber’s ability to sell, transfer, spend, exchange or otherwise make use of the Tokens on the Token protocol until such Tokens are vested as provided in the following vesting schedule: None until 90 days have elapsed since the Effective Date and, thereafter, to the extent permitted under available exemptions from registration under the U.S. Securities Act*, and without restriction thereafter.

Use Restriction means any Federal, State or local statute, regulation, ordinance or contract which, as a condition of receipt of any housing assistance, including an operating subsidy, rental subsidy, mortgage subsidy, mortgage insurance, tax-exempt financing, or low-income housing tax credits by an assisted housing development, establishes maximum limitations on tenant income as a condition of eligibility for occupancy of the units within an assisted housing development; imposes any restrictions on the maximum rents that may be charged for any of the units within the assisted housing development; or requires that rents for the units within an assisted housing development be reviewed by any governmental body or agency before the rents are implemented or changed.

Use Restriction means the general prohibition on the Purchaser’s ability to sell, transfer, spend, exchange or otherwise make use of the Tokens.

Use Restriction means the general prohibition on the Investor’s ability to sell, transfer, spend, exchange or otherwise make use of the Coins on the Network until such Coins are vested as provided in the vesting schedule below.

Use Restriction means the general prohibition on the Subscriber’s ability to sell, transfer, spend, exchange or otherwise make use of the Tokens on the Platform until such Tokens are vested as provided in the following vesting schedule: None until 90 days have elapsed since the Effective Date and, thereafter, to the extent permitted under available exemptions from registration under the U.S. Securities Act*, and without restriction thereafter.