Common use of Conditions of the Grant Clause in Contracts

Conditions of the Grant. (a) Buyer does not and has not owned any interest in any real property (at any location) at any time within the past three years prior to close of escrow on Buyer’s acquisition of the Residence. (b) ▇▇▇▇▇’s present household annual income does not exceed the current maximum income restriction established by the Foundation as a condition for ▇▇▇▇▇’s receipt of the Closing Cost Grant. (c) ▇▇▇▇▇ agrees to utilize the Closing Cost Grant received from the Foundation solely for the purpose of acquiring a Residence located within the County of Santa ▇▇▇▇, State of California. (▇) ▇▇▇▇▇ agrees that on the transfer of legal title to the Residence to Buyer, the Residence will be occupied solely and continuously by ▇▇▇▇▇ and ▇▇▇▇▇’s immediate family, i.e., ▇▇▇▇▇, ▇▇▇▇▇’s spouse, the children of Buyer and/or his or her spouse, the parents of ▇▇▇▇▇ and his or her spouse, and/or ▇▇▇▇▇’s domestic partner, hereinafter collectively referred to as the “Family.”

Conditions of the Grant. (a) Buyer does not and has not owned any interest in any real property (at any location) at any time within the past three years prior to close of escrow on Buyer’s acquisition of the Residence. (b) ▇▇▇▇▇’s present household annual income does not exceed the current maximum income restriction established by the Foundation as a condition for ▇▇▇▇▇’s receipt of the Closing Cost Grant. (c) ▇▇▇▇▇ agrees to utilize the Closing Cost Grant received from the Foundation solely for the purpose of acquiring a Residence located within the County of Santa ▇▇▇▇, State of California. (▇) ▇▇▇▇▇ agrees that on the transfer of legal title to the Residence to Buyer, the Residence will be occupied solely and continuously by ▇▇▇▇▇ and ▇▇▇▇▇’s immediate family, i.e., ▇▇▇▇▇, ▇▇▇▇▇’s spouse, the children of Buyer ▇▇▇▇▇ and/or his or her spouse, the parents of ▇▇▇▇▇ and his or her spouse, and/or ▇▇▇▇▇’s domestic partner, hereinafter collectively referred to as the “Family.”