Description of CROWN Set Sample Clauses

Description of CROWN Set. Aside 1. A long-term CROWN development, as defined by NIFA, is a lease to own home pursuant to a plan and with documents approved in advance by NIFA that will be sold to a qualified tenant at the end of the 15 – year compliance period. 2. Current CROWN developments require $50 per month to be set aside for each tenant. This set-aside will be used by the tenant to assist in the purchase of a home at a future date. Based on units, each tenant would accumulate $ over the Development’s 15-year compliance period for each Home, or $ for the total Homes constructed by the Owner.
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Description of CROWN Set. Aside 1. A long-term CROWN development is a rent to own residential dwelling pursuant to a plan and documents approved in advance by NIFA that will be sold to a qualified tenant at the end of the 15 – year compliance period. 2. The Owner must set aside $50 per month for each tenant in the Development. This set-aside will be used by the tenant to assist in the purchase of a home at a future date. Based on units, each tenant will accumulate $ over the Development’s 15-year compliance period for each, or $ for the total units constructed by the Owner.
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Description of CROWN Set. Aside 1. A CROWN development is comprised of rent to own housing units subject to NIFA- approved Participation Agreements and a plan to transfer ownership of each unit to a qualified tenant at the end of the 15 -year compliance period. 2. CROWN developments must set aside at least $50 per month for each household throughout the affordability period of the Development. This set aside will be used by the household to assist in the purchase of a home at a future date. The Owner agrees to set aside $ per month for each household.
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Description of CROWN Set. Aside 1. A long-term CROWN development, as defined by NIFA, is a lease to own residential dwelling pursuant to a plan and documents (“Crown Documents”) approved in advance by NIFA that will be sold to a qualified tenant at the end of the 15 – year compliance period. 2. Pursuant to the Crown Documents $50 per month will be set aside for each tenant in the Development. This set-aside will be used by the tenant to assist in the purchase of a home at a future date. Based on units, each tenant will accumulate $ over the Development’s 15-year compliance period for each Residential dwelling unit, or $ for the total Crown Units constructed by the Owner.
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Related to Description of CROWN Set

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  • DESCRIPTION OF QUALIFIED PROPERTY The Qualified Property that is subject to the Tax Limitation Amount is described in EXHIBIT 4, which is attached hereto and incorporated herein by reference for all purposes. Property which is not specifically described in EXHIBIT 4 shall not be considered by the District or the Appraisal District to be part of the Applicant’s Qualified Property for purposes of this Agreement, unless by official action the Board of Trustees provides that such other property is a part of the Applicant’s Qualified Property for purposes of this Agreement in compliance with Section 313.027(e) of the TEXAS TAX CODE, the Comptroller’s Rules, and Section 10.2 of this Agreement.

  • Description of Notes 1 Section 1.2 Commitment, Closing Date ........................................................................... 1 Section 1.3

  • LOCATION AND DESCRIPTION OF THE PROPERTY The subject property is a four-bedroom condominium with two car parking bays bearing postal address of C-33A-09, Residensi Bayan Desa Petaling, ▇▇. ▇▇▇, ▇▇▇▇▇ ▇/▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇. The subject property will be sold on an “as is where is basis” and subject to a reserve price of RM630,000.00 (RINGGIT MALAYSIA SIX HUNDRED THIRTY THOUSAND ONLY) and subject to the Conditions of Sale and by way of an Assignment from the above Assignee/Bank subject to the consent being obtained by the Purchaser from the Developer and other relevant authorities if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the Developer and the relevant authorities. Any arrears of quit rent, assessments and service or maintenance charges which may be lawfully due to any relevant authority or the Developer up to the date of auction sale of the property shall be paid out of the purchase money upon receipt of full purchase price. All other fees, costs and charges relating to the transfer and assignment of the property shall be borne by the successful Purchaser. Online bidders are further subject to the Terms & Conditions on ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. All intending bidders are required to deposit 10% of the fixed reserve price for the said property by Bank Draft or Cashier‟s Order in favour of UOBM for ▇▇▇ ▇▇▇▇ ▇▇▇▇ or remit the same through online banking transfer, one (1) working day before auction date. The balance of the purchase money shall be paid by the Purchaser within one hundred and twenty (120) days from the date of auction sale to UNITED OVERSEAS BANK (MALAYSIA) BHD via Real Time Electronics Transfer of Funds and Securities (▇▇▇▇▇▇). For online bidders please refer to the Terms & Conditions on ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ on the manner of payment of the deposit. FOR FURTHER PARTICULARS, please contact M/S ▇▇▇ ▇▇▇▇▇▇▇ & Partners, of 27th Floor, Menara KH, ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇. (Ref No.: KW/298-154/2023/UOB/LFY, Tel No.: ▇▇-▇▇▇▇▇▇▇▇, Fax No.: ▇▇-▇▇▇▇▇▇▇▇) the Assignee herein or the undermentioned Auctioneer. Suite C-20-3A, Level 20, Block C, Megan Avenue II, / ▇▇▇▇▇ ▇▇▇▇▇ BIN ▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇, 50450 Kuala Lumpur (Licensed Auctioneers) Tel No.: ▇▇-▇▇▇▇ ▇▇▇▇ Fax No.: ▇▇-▇▇▇▇ ▇▇▇▇ Our Ref: AZWA/UOB0859/NHP(2) Website: ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ E-mail: ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Dalam menjalankan ▇▇▇ ▇▇▇ kuasa ▇▇▇▇ telah diberikan kepada Pihak Pemegang Serahhak/Bank dibawah Perjanjian Pinjaman, Suratikatan Penyerahanhak ▇▇▇ Surat Kuasa Wakil kesemuanya bertarikh 28hb November, 2017 diantara Pihak Penyerahhak, Pihak Pelanggan ▇▇▇ Pihak Pemegang Serahhak/Bank yang diperbuat dalam perkara diatas, adalah dengan ini diisytiharkan bahawa Pihak Pemegang Serahhak/Bank tersebut dengan bantuan Pelelong yang tersebut dibawah.

  • DESCRIPTION OF COLLATERAL Repayment of the Obligations is secured by the Collateral as described in the Loan Agreement (together with any other collateral security granted to Bank, the “Security Documents”). Hereinafter, the Security Documents, together with all other documents evidencing or securing the Obligations shall be referred to as the “Existing Loan Documents”.