Villa Unit definition

Villa Unit means independent senior living residences within a Borrower campus setting.
Sample 1
Villa Unit means (a) independent senior living residences within a Borrower campus setting and (b) an expansion of an existing Building on a Collateral Property.
Sample 1

Examples of Villa Unit in a sentence

  • If either co-owner shall neglect or refuse to pay the co-owner's share, or all of the cost in case of negligence or willful act, the other co-owner may have the wall repaired or restored and shall be entitled to have a mechanics' lien and lis pendens on the Villa Unit of the co-owner failing to pay for the amount of such defaulting co-owner's share of the repair or replacement cost.

  • If the costs to complete the Villa Unit complex exceeds Real Estate Borrowing Base Availability for such complex, Borrowers shall be required to fund such shortfall prior to further advances of the Real Estate Revolving Loans.

  • An employee may direct the Company to pay a portion of the employee's wages into the (default fund or into the employee's complying superannuation fund) for the benefit of the employee as additional salary sacrifice contributions.

  • Each co-owner and his respective successors, heirs, or assigns, contractors, licensees, agents and employees shall have any easement over that part of the Villa Unit of the other co-owner on which the Party Wall is located, as may be necessary or desirable to carry out the terms of this Article.

  • In addition to the Base Assessments, the Association may levy on the Villa Unit Owners a Villa Unit Assessment, to fund Neighborhood Expenses.

  • The Association shall be responsible for the maintenance, repairs and replacement of the roof of each Villa Unit, and shall maintain appropriate hazard insurance to cover the costs of such repairs, the cost of which shall be a Neighborhood Expense, and assessed to the Owners of the Villa Units as a Villa Unit Assessment.

  • The written consent of the seaman, if such deductions are paid into a fund established for the exclusive benefit to seaman or their families and dependents or for the purpose of providing medical or hospital care, pensions or retirement or death of the seaman.

  • Each co-owner and his respective successors, heirs, assigns, contractors, licensees, agents and employees shall have an easement over that part of the Villa Unit of the other co-owner(s) necessary or desirable to repair, restore or replace the common roof.

  • Each co-owner and his or her contractors, licensees, agents, and employees shall have an easement over that part of the Villa Unit of the other co-owner necessary or desirable to repair, restore, or extend the Party Wall.

  • Either co-owner shall have the right to use the side of the Party Wall facing the co-owner's Villa Unit in any lawful manner, including attaching structural or finishing materials to it; however, a co-owner shall not create windows or doors in the Party Wall without the written consent of the other co-owner.

Related to Villa Unit

  • apartment unit means any residential dwelling unit within a building containing three or more dwelling units where access to each residential unit is obtained through a common entrance or entrances from the street level and the residential units are connected by an interior corridor;

  • Heat unit means a unit of energy equal to the product of the peak kilovoltage, milliamperes, and seconds, i.e., kVp x mA x second.

  • LLC Unit means a common limited liability interest in the Company.

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • Project Management Unit or “PMU” means the Recipient’s management and Implementation unit referred to in Section I.A.2 of Schedule 2 to this Agreement.

  • Management Unit means an area established by the Commission for management purposes.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • Unit Share has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Living unit means a room, apartment, cottage, or other area within a facility set aside for the exclusive use or control of one or more identified residents.

  • Partnership Unit means, with respect to any class of Partnership Interest, a fractional, undivided share of such class of Partnership Interest issued pursuant to Sections 4.1 and 4.3 (including Performance Units). The ownership of Partnership Units may be evidenced by a certificate for units substantially in the form of Exhibit D-1 or D-2 hereto or as the General Partner may determine with respect to any class of Partnership Units issued from time to time under Sections 4.1 and 4.3.

  • Unit and “Quality” means the unit and quantity specified in the schedule.

  • Historically Black Colleges or University , as used in this clause means an institution determined by the Secretary of Education to meet the requirements of 34 CFR Section 608.2. The term also includes any nonprofit research institution that was an integral part of such a college or university before November 14, 1986.

  • Historically black college or university means an institution determined by the Secretary of Education to meet the requirements of 34 CFR 608.2.

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • Roomer means a person occupying a dwelling unit that lacks a major bathroom or kitchen facility, in a structure where one or more major facilities are used in common by occupants of the dwelling unit and other dwelling units. Major facility in the case of a bathroom means toilet, or either a bath or shower, and in the case of a kitchen means refrigerator, stove or sink.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Class A Unit means a Unit representing a fractional part of the equity interest in the Company having the rights and obligations specified with respect to the Class A Units in this Agreement.

  • Generating Unit means one or more generating equipment combinations typically consisting of prime mover(s), electric generator(s), electric transformer(s), steam generator(s) and air emission control devices.

  • Unit owner means the declarant or other person who owns a unit, or a lessee of a unit in a leasehold common interest community whose lease expires simultaneously with any lease, the expiration or termination of which will remove the unit from the common interest community but does not include a person having an interest in a unit solely as security for an obligation. In a condominium or planned community, the declarant is the owner of any unit created by the declaration until that unit is conveyed to another person, in a cooperative, the declarant is treated as the owner of any unit to which allocated interests have been allocated pursuant to section 38-33.3-207 until that unit has been conveyed to another person, who may or may not be a declarant under this article.

  • Operating Unit means, for purposes of this part, primary and constituent operating units designated as such in the Department Order Series of the De- partment of Commerce and, in addi- tion, the Office of the Secretary.

  • Rooming unit means any room or group of rooms forming a single habitable unit used or intended to be used for living and sleeping, but not for cooking or eating purposes.

  • LHSIA means the Local Health System Integration Act, 2006, and the regulations made under it, as it and they may be amended from time to time;

  • Cropland means land used for the production of adapted crops for harvest, alone or in a rotation with grasses and legumes, and includes row crops, small grain crops, hay crops, nursery crops, orchard crops, and other similar specialty crops.

  • Condominium unit A Single Family Property within a Condominium Project.

  • Planned unit development means a subdivision characterized by a unified site design, clustered residential units and/or commercial units, and areas of common open space.