HFA Sample Clauses

The HFA clause, often referring to a Homeowners' Financial Agreement or a similar arrangement, outlines the financial responsibilities and obligations between parties in a residential property context. Typically, it specifies payment schedules, cost-sharing arrangements, and procedures for handling expenses related to the property, such as maintenance or improvements. By clearly defining each party's financial duties, the HFA clause helps prevent disputes and ensures that all parties understand their monetary commitments, thereby promoting transparency and smooth management of shared property interests.
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HFA. Additionally, HFA hereby makes the following representations, warranties and covenants to Treasury and the truth and accuracy of such representations and warranties and compliance with and performance of such covenants are continuing obligations of HFA. In the event that any of the representations or warranties made herein cease to be true and correct or HFA breaches any of its covenants made herein, HFA agrees to notify Treasury immediately and the same shall constitute an Event of Default hereunder. (1) HFA is an instrumentality of the State as indicated in Schedule A. (2) HFA has full legal power and authority to enter into, execute, and deliver this Agreement and any other closing documentation delivered to Treasury in connection with this Agreement, and to perform its obligations hereunder and thereunder.
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