Common use of Other Loans Clause in Contracts

Other Loans. Borrower shall comply with all monetary and non-monetary covenants associated with any loan secured by an interest in the Site or the Project, including but not limited to the HUD Capital Advance, the Junior Financing and the Other Financing. Borrower shall provide to Commission a copy of any notice of default within three business days after receiving any notice of a default or alleged default of such covenants by Borrower, and Borrower shall promptly cure any such default and cooperate in permitting Commission, to the extent Commission in its sole discretion elects to do so, to cure or assist in curing the default. Any cost or expenditure incurred by Commission in providing or assisting in such a cure shall be deemed added to the outstanding principal amount of the HOME Loan.

Other Loans. Borrower shall comply with all monetary and non-monetary covenants associated with any loan secured by an interest in the Site or the Project, including but not limited to the HUD Capital AdvanceSenior Financing, the Junior Financing and the Other Financing. Borrower shall provide to Commission a copy of any notice of default within three business days after receiving any notice of a default or alleged default of such covenants by Borrower, and Borrower shall promptly cure any such default and cooperate in permitting Commission, to the extent Commission in its sole discretion elects to do so, to cure or assist in curing the default. Any cost or expenditure incurred by Commission in providing or assisting in such a cure shall be deemed added to the outstanding principal amount of the HOME Loan.

Other Loans. Borrower shall comply with all monetary and non-monetary covenants associated with any loan secured by an interest in the Site or the Projectgrant, including but not limited to the HUD Capital Advance, the Junior Financing and the Other Financing, utilized in development or operation of the Project or the Covina Senior and Community Center improvements. Borrower shall provide to Commission COUNTY a copy of any notice of default within three business days after receiving any notice of a default or alleged default of such covenants by Borrowercovenants, and Borrower shall promptly cure any such default and cooperate in permitting CommissionCOUNTY, to the extent Commission COUNTY in its sole discretion elects to do so, to cure or assist in curing the default. Any cost or expenditure incurred by Commission COUNTY in providing or assisting in such a cure shall be deemed added to the outstanding principal amount of the HOME Loan.