Common use of Date of Note Clause in Contracts

Date of Note.   Originally endorsed for insurance under Section This Healthcare Regulatory Agreement – Operator (this “Agreement”) is entered into this _ _ day of __ __, 20_ _, between _ __, a ___ __ organized and existing under the laws of __ __, whose address is   , its successors, heirs, and assigns (jointly and severally) (“Operator”) and the U.S. Department of Housing and Urban Development, acting by and through the Secretary, his or her successors, assigns or designates (“HUD”). If Operator is also Borrower, references to “Borrower” herein shall refer to Operator and the Borrower Regulatory Agreement, as defined below, is incorporated herein by this reference. [Use the following language when Operator is not the same legal entity as Borrower: In consideration of HUD’s consent to the Borrower-Operator Agreement, HUD and Operator agree to the terms of this Agreement.] HUD and Operator execute this Agreement in order to comply with Program Obligations, with the requirements of the National Housing Act, as amended, and the regulations adopted by HUD pursuant thereto. This Agreement shall continue during such period of time as HUD shall be the owner, holder, or insurer of the Note. Upon satisfaction of the Note, as evidenced by the discharge or release of the Borrower Security Instrument, this Agreement shall automatically terminate. However, Operator shall be responsible for any violations of this Agreement which occurred prior to termination. Violations of this Agreement or Program Obligations may subject Operator and other signatories hereto to adverse actions.

Date of Note.   Originally endorsed for insurance under Section This Healthcare Regulatory Agreement – Operator (this “Agreement”) is entered into this _ _ day of __ __, 20_ _, between _ __, a ___ __ organized and existing under the laws of __ __, whose address is   , its successors, heirs, and assigns (jointly and severally) (“Operator”) and the U.S. Department of Housing and Urban Development, acting by and through the Secretary, his or her successors, assigns or designates (“HUD”). If Operator is also Borrower, references to “Borrower” herein shall refer to Operator and the Borrower Borrower’s Regulatory Agreement, as defined below, is incorporated herein by this reference. [Use the following language when Operator is not the same legal entity as Borrower: In consideration of HUD’s consent to the Borrower-Operator Agreement, HUD and Operator agree to the terms of this Agreement.] HUD and Operator execute this Agreement in order to comply with Program Obligations, with the requirements of the National Housing Act, as amended, and the regulations adopted by HUD pursuant thereto. This Agreement shall continue during such period of time as HUD shall be the owner, holder, or insurer of the Note. Upon satisfaction of the Note, as evidenced by the discharge or release of the Borrower Borrower’s Security Instrument, this Agreement shall automatically terminate. However, Operator shall be responsible for any violations of this Agreement which occurred prior to termination. Violations of this Agreement or Program Obligations may subject Operator and other signatories hereto to adverse actions.

Date of Note.    Originally endorsed for insurance under Section This Healthcare Regulatory Agreement – Operator (this “Agreement”) is entered into this _  _ day of __  __, 20_ 20_ _, between _  __, a ___  __ organized and existing under the laws of __  __, whose address is    , its successors, heirs, and assigns (jointly and severally) (“Operator”) and the U.S. Department of Housing and Urban Development, acting by and through the Secretary, his or her successors, assigns or designates (“HUD”). If Operator is also Borrower, references to “Borrower” herein shall refer to Operator and the Borrower Borrower’s Regulatory Agreement, as defined below, is incorporated herein by this reference. [Use the following language when Operator is not the same legal entity as Borrower: In consideration of HUD’s consent to the Borrower-Operator Agreement, HUD and Operator agree to the terms of this Agreement.] HUD and Operator execute this Agreement in order to comply with Program Obligations, with the requirements of the National Housing Act, as amended, and the regulations adopted by HUD pursuant thereto. This Agreement shall continue during such period of time as HUD shall be the owner, holder, or insurer of the Note. Upon satisfaction of the Note, as evidenced by the discharge or release of the Borrower Borrower’s Security Instrument, this Agreement shall automatically terminate. However, Operator shall be responsible for any violations of this Agreement which occurred prior to termination. Violations of this Agreement or Program Obligations may subject Operator and other signatories hereto to adverse actions.