Functionally Related and Subordinate definition

Functionally Related and Subordinate means and includes facilities for use by tenants; for example, laundry facilities, parking areas and recreational facilities, provided that the same are of a character and size commensurate with the character and size of the Project.
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Functionally Related and Subordinate means facilities for use exclusively by tenants, for example, swimming pools, other recreational facilities, parking areas and other facilities which are reasonably required for the Project, for example, heating and cooling equipment, trash disposal equipment and units for resident managers or maintenance personnel; provided that the same are of a character and size commensurate with the character and size of the Project and, as to size, does not exceed that necessary to service the requirements of the residents of the Project.
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Functionally Related and Subordinate means and include facilities for use by tenants, for example, laundry facilities, parking areas, and recreational facilities, provided that the same is of a character and size commensurate with the character and size of the Project.
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Examples of Functionally Related and Subordinate in a sentence

  • The Project will consist of proximate buildings or structures located on a single "tract" of land which have similarly constructed Dwelling Units financed pursuant to a "common plan" together with Functionally Related and Subordinate Facilities, which will be owned by the same "person" (as such terms are used in the Treasury Regulations).

  • Owner will own and cooperatively operate the Project as a low-income multifamily residential rental housing development property containing Dwelling Units and facilities Functionally Related and Subordinate to such Dwelling Units, in accordance with this Agreement, the Project Management Agreement, and other applicable Program Requirements.

  • Owner will own and operate the Project as a low-income multifamily residential rental housing development property containing Dwelling Units and facilities Functionally Related and Subordinate to such Dwelling Units, in accordance with this Agreement, the Project Management Agreement, and other applicable Project Requirements.


More Definitions of Functionally Related and Subordinate

Functionally Related and Subordinate means and include facilities (other than Units) for use by residents; for example, laundry facilities, parking areas, swimming pools and other recreational facilities and other facilities which are reasonably required for the Project (including heating and cooling equipment, trash disposal equipment and Units for resident managers or maintenance personnel); provided, that such facilities are of a character and size commensurate with the character and size of the Project.
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Related to Functionally Related and Subordinate

  • Federally related transaction means any real estate related

  • Substantially relates means the nature of criminal conduct for which the person was convicted has a direct bearing on the fitness or ability to perform one or more of the duties or responsibilities necessarily related to the occupation; and

  • Family relationship means a relationship between a person and another person within the third degree by consanguinity or the second degree by affinity, as those terms are defined by Subchapter B, Chapter 573, Texas Government Code.

  • Safety Related Function means a function of "The System" that is capable of changing the dynamic behaviour of the vehicle. "The System" may be capable of performing more than one safety related function.

  • Company Related Parties means, collectively, (i) the Company and its Subsidiaries; and (ii) the former, current and future holders of any equity, controlling persons, Representatives, Affiliates, members, managers, general or limited partners, stockholders and assignees of each of the Company, its Subsidiaries and each of their respective Affiliates.