Common use of Notice and documentation Clause in Contracts

Notice and documentation. At least thirty (30) days prior to any proposed Transfer or assignment of the Development, Building or any portion thereof, Owner must file a written notice of the proposed Transfer or assignment with OHFA. The applicable nonrefundable Transfer fee must accompany the Owner’s notice of the proposed Transfer or assignment. OHFA will provide Owner a Transfer Checklist and establish a timeline for compliance with same. The Owner must provide OHFA with any additional information that OHFA, in its sole discretion may request. Failure of the Owner and the proposed Transferee to provide any requested information or to comply with any of required provisions may result in disapproval of the Transfer or assignment request by the Trustees.