Immediate Default. Notwithstanding the provisions of paragraph (b)(i) of this Section, HUD in its sole discretion may place the Owner into immediate Default for not being in compliance with GRRP Requirements once written notification of Default has been provided to the Owner. At that time, HUD may immediately begin imposing consequences of Default, including specifically the suspension of draws of the GRRP Grant as described below.
Appears in 3 contracts
Sources: Green and Resilient Retrofit Program Grant Agreement, Green and Resilient Retrofit Program Grant Agreement, Green and Resilient Retrofit Program Grant Agreement