Senior Unit definition

Senior Unit means a Unit designated as senior citizen housing, residential care facilities for the elderly, or multi-level care facilities for the elderly as referred to in California Government Code Section 65995.1. For purposes hereof, it will be sufficient to designate units as Senior Citizen Housing if Senior Citizen Restrictions have been effected.
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Senior Unit means a Unit representing a fractional part of the Partnership Interests of all Limited Partners and Assignees having the rights and obligations specified with respect to Senior Units in this Agreement. The term "Senior Unit" includes all Additional Senior Units.
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Senior Unit includes all Additional Senior Units.
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Examples of Senior Unit in a sentence

  • Each Senior Unit shall in all cases be governed by the Senior Units General Terms and Conditions and the Senior Units Specific Terms and Conditions applicable to such Senior Unit.

  • Each Investor shall subscribe for each Senior Unit pursuant to the provisions of its Subscription Agreement.

  • The nominal value of each Senior Unit shall be specified in the Senior Units Specific Terms and Conditions applicable to such Senior Unit.

  • Each Senior Unit has a Maturity that covers the period between its Issue Date and the Maturity Date specified in the Senior Units Specific Terms and Conditions applicable to such Senior Unit.


More Definitions of Senior Unit

Senior Unit or “Senior Units” means any and all units or structures suitable for human habitation in accordance with Applicable Laws, approved as part of the Project Approvals, and restricted to occupancy by a senior citizen as defined in California Civil Code Section 51.3(b)(1).
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Senior Unit means any senior unit issued by the Compartment from time to time in accordance with these Compartment Regulations, the terms and conditions of which are set out in the Senior Units General Terms and Conditions and the applicable Senior Units Specific Terms and Conditions.
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Senior Unit means any senior unit that the Compartment issues in accordance with the Compartment Regulations.
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Senior Unit means a Unit within a property developed for housing of senior citizens as described in Civil Code Section 51.3 as such section may be amended from time to time and further provided that the residency of any such Unit is limited to persons 55 years of age or older.
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Related to Senior Unit

  • Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

  • Junior means any person in receipt of less than the adult wage.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

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

  • Preference Share means a preference share of a par value of US$0.0001 in the share capital of the Company.

  • Preferred ’ means any of the above securities that are publicly traded on a recognized securities exchange and the securities have a rating of ‘‘A’’ or above. If the securities are not ‘‘Preferred,’’ they are listed as ‘‘Other.’’