Increases in Income Sample Clauses

The "Increases in Income" clause defines how any additional income or financial gains that arise after an agreement is made are to be handled between the parties. Typically, this clause specifies whether such increases must be disclosed, shared, or otherwise accounted for, and may set out mechanisms for adjusting payments or obligations if income rises. Its core practical function is to ensure fairness and transparency by addressing how unexpected or additional income is treated, thereby preventing disputes over unanticipated financial benefits.
Increases in Income. If Tenant’s Household Income increases above the Initial Qualifying Household Income, but is below the maximum allowable income limit at recertification, Tenant shall still be entitled to reside in the Unit and pay no more than the Maximum Rent, provided that Tenant and Household continue to comply with the applicable provisions of the Lease and Rider. If a tenant’s income increases above the limit at recertification on a property that requires annual recertifications, the tenant may be converted to market rate rent.
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Increases in Income. Notwithstanding an increase in the income of Tenant above the Initial Qualifying Household Income, Tenant shall be entitled to reside in a Unit of the Project, paying no more than the Maximum Rent, provided that Tenant and Household continue to comply with the applicable provisions of the Lease and Rider.
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Related to Increases in Income

  • Parties in Interest This Agreement shall be binding upon and inure solely to the benefit of each party hereto, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

  • Assignment; Parties in Interest This Agreement shall be binding upon and inure solely to the benefit of the parties hereto and their respective successors and assigns, but shall not be assigned by the parties hereto, by operation of law or otherwise, without the prior written consent of the other party. Except as otherwise expressly provided herein, nothing in this Agreement, expressed or implied, is intended to confer upon any other person any rights or remedies of any nature whatsoever under or by reason of this Agreement.

  • Compensation Schedule Vendor will be paid on a monthly basis for the Services accepted by Citizens in the preceding month according to Exhibit C.

  • Permanent Schedule Changes Employees’ workweeks and work schedules may be permanently changed with prior notice from the Employer. Overtime-eligible employees will receive ten (10) calendar days’ written notice of a permanent schedule change. The day notification is given is considered the first day of notice. Notice will normally be given to the affected employees during their scheduled working hours. If an affected employee is on extended leave, notice may be sent to the employee’s last known address.

  • Changes in Interest Rate, etc Each Floating Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such Advance is made or is converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.9 to the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.9, at a rate per annum equal to the Alternate Base Rate for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from the first day of each Interest Period applicable thereto to the last day of such Interest Period at the Eurodollar Rate applicable to such Eurodollar Advance based upon the applicable Borrower's selections under Sections 2.8 and 2.9 and otherwise in accordance with the terms hereof.