Market Rate Project definition

Market Rate Project means new construction of 210 rental housing units, 7,800 square feet of commercial space and related improvements as described in the Contract.
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Market Rate Project means a Residential Project that is not a Below-Market Rate Project and is constructed on a Market Rate Lot.
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Market Rate Project means and refer to the market-rate residential component of the Development consisting of 236 residential condominium units located in the tower component of the Development and in the adjacent townhome component of the Development.
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Examples of Market Rate Project in a sentence

  • The City has entered into this PTPIII Project DA and the Third Amendment in reliance on Developer’s agreement to construct the Workforce Project before, or on substantially the same schedule, as the first townhome units within the Market Rate Project.

  • The terms of the easement shall provide that the tenants and their invitees are subject to the same reasonable rules and restrictions (use, time of operation, conduct, responsibility for damage) as the owners and their guests in the Market Rate Project as may be established and amended from time to time by the Market Rate Project homeowners’ association.

  • The risk assessor or inspector shall inspect the work area and decontamination unit for visual evidence of dust and debris to ascertain that they are free of waste, debris, paint chips, and settled dust.

  • Other than in the case of Severe Economic Recession, Developer’s inability or failure to obtain financing for the Workforce Project and/or Market Rate Project shall not be deemed causes outside the reasonable control of Developer and shall not be the basis for a Force Majeure Delay.

  • City shall record such Plaza Easement prior to issuance of any certificate of occupancy for the Market Rate Project.

  • Notwithstanding any other provision hereof to the contrary, City shall have no obligation to issue a building permit for any Market Rate Project townhome unit until Developer has applied for and City has issued building permits for both the Workforce Project and the Remainder Park.

  • Notwithstanding the differing time lines for construction of the different building types, the Parties acknowledge their mutual intent that Developer permit and construct the Workforce Project, the Remainder Park and up to the first forty-seven (47) of the seventy (70) total townhome units in the Market Rate Project at approximately concurrent times.

  • At such time as Developer has obtained building permits for the Workforce Project and the Remainder Park and paid all fees payable in connection therewith, Developer, subject to payment of applicable fees, may pull building permits for any or all of the townhome buildings in the Market Rate Project.

  • This TOR also sets out the scope of work, deliverables, timeframe and payment terms for International Evaluator, Team Leader.

  • Developer shall use good faith efforts to Substantially Complete the Workforce Project and the Remainder Park, at substantially the same time as the first thirty-five to forty-seven of the townhomes in the Market Rate Project.


More Definitions of Market Rate Project

Market Rate Project means a Residential Project constructed by a Vertical Developer, including Developer and its Affiliates, and containing Market Rate Units, Inclusionary Units (if required), and possibly also containing other uses permitted under the Redevelopment Plan and the Design for Development.
Sample 1
Market Rate Project means a Residential Project that contains Market-Rate Units, and potentially Inclusionary Units, and may also include other permitted uses.
Sample 1

Related to Market Rate Project

  • Indirect cost rate proposal means the documentation prepared by a governmental unit or subdivision thereof to substantiate its request for the establishment of an indirect cost rate.

  • Market Rate means the rate as prevailing in the market and recommended by the Architect and as approved by the Employer on the basis of cost of materials, labour, plant etc inclusive of any tax, duty, octroi etc. at the time of execution of work.

  • Market Rate Unit means a Residential Unit that is not an Affordable Unit.

  • Interest Rate Protection Agreement means any interest rate swap agreement, interest rate cap agreement, interest collar agreement, interest rate hedging agreement or other similar agreement or arrangement.

  • Investment Project means an investment in qualified buildings

  • Incremental Auction means any of several auctions conducted for a Delivery Year after the Base Residual Auction for such Delivery Year and before the first day of such Delivery Year, including the First Incremental Auction, Second Incremental Auction, Third Incremental Auction or Conditional Incremental Auction. Incremental Auctions (other than the Conditional Incremental Auction), shall be held for the purposes of:

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Improvement Fund means the Improvement Fund for General Obligation Temporary Notes, Series 2017-1 created pursuant to Section 501 hereof.

  • Expansion Project has the meaning set forth in Section IV.3.a of this Agreement.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Pilot project means an innovative environmental project that covers one or more designated facilities, designed and implemented in the form of an EMSA. (See Section 52.3 of the Act.)

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Large project means, for purposes of the Soft Cost Ratio limitation in Section 3.F, a Project with more than 24 Housing Credit units.

  • Incremental Auction Revenue Rights means the additional Auction Revenue Rights, not previously feasible, created by the addition of Incremental Rights-Eligible Required Transmission Enhancements, Merchant Transmission Facilities, or of one or more Customer- Funded Upgrades.

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Market-rate units means housing not restricted to low- and moderate-income households that may sell or rent at any price.

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.

  • Redevelopment project means any work or undertaking

  • Interest Rate Contract means any interest rate swap agreement, interest rate cap agreement, interest rate floor agreement, interest rate collar agreement, interest rate option or any other agreement regarding the hedging of interest rate risk exposure executed in connection with hedging the interest rate exposure of any Person and any confirming letter executed pursuant to such agreement, all as amended, restated, supplemented or otherwise modified from time to time.

  • Commercial project means any project, including, but not

  • Commercial Premises Means a place of trade or premises operated for financial gain, including but not limited to, a retirement village or a block of flats that has a common facility; a place of trade where the manufacture and production of products or produce takes place; a site where renovation, restoration and refurbishment work as described in Appendix B takes place.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Interest Rate Protection Agreements means any interest rate swap agreement, interest rate cap agreement, synthetic cap, collar or floor or other financial agreement or arrangement designed to protect Guarantor or any Consolidated Subsidiary against fluctuations in interest rates or to reduce the effect of any such fluctuations.