Examples of Renewal Contracts in a sentence
For all Option One Renewal Contracts and for Option Two Renewal Contract where the term of the Renewal Contract is 20 years, insure that Exhibit B of the Basic Renewal Contract is attached to allow access to increased distributions.
Full Mark-To- Market Renewal Contracts must be subsequently renewed using the same Full Mark- to-Market Renewal Contract form (HUD-9642) used for the initial Full Mark-To- Market renewal.
Contract Administration: HUD will continue to be the Contract Administrator (CA) or will become the CA on any property currently with a non-performance-based contract administrator when an OMHAR Watch List Renewal Contracts is executed.
Note that Full Mark-to-Market Renewal Contracts permit only annual OCAF rent adjustments and the rents for renewal are set at the levels under the expiring contract.
For CSP Renewal Contracts, the period of performance begins the day after the initial Contract expires.
Underwriting Guidelines, as established by the Plan, shall be enforced while all Initial and Renewal Contracts are in force and shall continue to do so unless the Employer/Group is notified otherwise by the Plan.By signing this Request/Contract in Section Twelve (12), the Employer/Group, as stated in Section One (1) and incorporated herein by reference, agrees to be bound by the Plan’s Underwriting Guidelines.
Employers/Groups agree the Plan reserves the right to adjust Maximum Funding Rates during Initial and or Renewal Contracts if the claims expense and or Plan utilization exceeds projections.By signing this Request/Contract in Section Twelve (12), the Employer/Group, as stated in Section One (1) and incorporated herein by reference, agrees to all the terms and conditions contained herein.
Unless otherwise notified by the Plan, Employers/Groups understand and agree that the terms and conditions of Renewal Contracts are the same as those in effect for the Initial Contract.
Approval to Eliminate Annual Renewal Contracts and Part-Time Faculty Contracts To Improve Efficiency in Transactions.
Moreover, Mark-to-Market Renewal Contracts explicitly state that no rent adjustments other than an OCAF are allowed.