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.
Subsection 5(f) of the Termination Agreement is hereby deleted in its entirety, and replaced with a new subsection 5(f) to read in its entirety as follows:
Paragraph (c) of sub‑clause (1) of clause 8 is amended by adding thereto a new paragraph as follows:
Section 512 Control By Holders................................. 37 Section 513. Waiver of Past Defaults............................ 37
Subparagraph (a) of this Paragraph 15 shall not preclude a party from assigning, charging or otherwise dealing with all or any part of its interest in any sum payable to it under Paragraph 11 hereof.
Clauses In this Agreement any reference to a “Clause” or a “Schedule” is, unless the context otherwise requires, a reference to a Clause or a Schedule to this Agreement.
SECTION 812 Control by Holders of Securities....................43 SECTION 813. Waiver of Past Defaults.............................44
SECTION 504 Trustee May File Proofs of Claim................... 34 Section 505. Trustee May Enforce Claims Without Possession of Securities......................................... 35
SECTION 1010 Trust Indenture Act; Conflict with Trust Indenture Act................................54
SECTION 608 Corporate Trustee Required; Eligibility......................................53
