Base Number definition
Examples of Base Number in a sentence
Based on this information, the Base Number of Assisted Households and the Guaranteed Rental Assistance Amount will be confirmed by CMHC and will be fixed for the Term of the Agreement, except as provided in Schedule “B” Part II (D) and Part II (E) below.
For the avoidance of doubt, the Base Number, and (whether or not the Base Number is adjusted) the number of Warrant Shares, shall be subject to adjustment in accordance with the provisions hereof (including but not limited to Sections 1.2.5 and 4), the Amended AOA (principally, Article 9), and the provisions of the SPA.
To obtain confirmation of the Guaranteed Rental Assistance Amount and Base Number of Assisted Households, the Housing Provider will submit to CMHC or its representative the most recent calculation worksheet for each Assisted Household as outlined in section 9 (e).
The Base Number of Assisted Households cannot be greater than the Initial Number of Assisted Households.
After the first annual review by CMHC or its representative of the Housing Provider’s financial statements and reconciliation of funding received under this Agreement, the Guaranteed Rental Assistance Amount and the Base Number of Assisted Households will be determined by CMHC.