Examples of Restriction Agreement in a sentence
The rights hereby granted to the Commission constitute the perpetual right of the Commission to enforce this Preservation Restriction Agreement.
Prepayment of the Loan prior to the expiration of the Period of Affordability shall not relieve the Borrower of the application of the Period of Affordability requirements detailed in this Agreement, except as provided in the Land Use Restriction Agreement.
The affordability of each multi-family housing unit will be protected with a twenty-year (20-year) Land Use Restriction Agreement (XXXX) approved by the GLO.
To that end, no fewer than the number of multifamily units in the Project set forth in the table below shall, pursuant to the terms and conditions of a Land Use Restriction Agreement (i.e., the “XXXX”) in substantially the form attached hereto as “Attachment 1” to this Schedule P and incorporated herein by reference.
The terms of the Notes, Mortgage and Land Use Restriction Agreement, together with this Agreement (the “Loan Documents”), are hereby incorporated herein by reference, and noncompliance with any term or condition of any of them shall be deemed a default hereunder, after the expiration of any applicable notice, cure, or grace period(s).