Clause 4 3.1 shall not apply to:
SECTION 115 Counterparts................................................. 31
Clause 2 2 (Finance Parties’ rights and obligations), Clause 5.1 (Delivery of the Utilisation Request), Clause 7.1 (Illegality), Clause 7.7 (Application of prepayments), Clause 23 (Changes to the Lenders), Clause 24 (Changes to the Obligors), Clause 28 (Sharing among the Finance Parties), this Clause 36, Clause 43 (Governing law) or Clause 44.1 (Jurisdiction);
Section 11.3 No Personal Liability of Directors, Officers, Employees, Stockholders or Incorporators........................... 31
Clause A. The work to be performed under this contract is subject to the requirements of Section 3 of the Housing and Urban Development Act of 1968, as amended, 12 U.S.C. § 1701u (Section 3). The purpose of Section 3 is to ensure that employment and other economic opportunities generated by HUD assistance or HUD- assisted projects covered by Section 3, shall, to the greatest extent feasible, be directed to low- and very low-income persons, particularly persons who are Subrecipients of HUD assistance for housing.
Section 116 Judgment Currency.....................................................................16
SECTION 812 Control by Holders of Securities....................43 SECTION 813. Waiver of Past Defaults.............................44
Section 3.4 47 Each employee reserves and retains the right to delegate any right or duty contained in this Agreement, 48 exclusive of compensation for services rendered, to appropriate officials of the Association.
Section 10.11 Acceptance of Terms of the Trust Agreement, the Guarantee and the Indenture.............47 EXHIBITS Exhibit A Certificate of Trust Exhibit B Form of Common Securities Certificate Exhibit C Form of Expense Agreement Exhibit D Form of Preferred Securities Certificate Exhibit E Form of Certificate of Authentication CROSS-REFERENCE TABLE
Clause 3 Third-party beneficiaries