Recapture Agreement. The terms of compensation provided in this memorandum are contingent on your agreement to be bound by the terms of the enclosed Recapture Agreement, which you must sign and return together with a signed copy of this memorandum. It is included as Attachment C.
Recapture Agreement. If HOMEBUYER sells the home, or if the home is foreclosed, then the HOME assistance to the buyer (entire loan amount-less forgiven amounts in accordance with Section 5) will be recaptured by OHFA through the AWARDEE. If the net proceeds are sufficient (amount of proceeds remaining after any superior loans plus any legal fees and closing costs are paid) the proceeds will be used to repay the HOME assistance. Consequently, if the proceeds exceed the loan amount as set forth herein, the HOMEBUYER will be entitled to retain any remaining proceeds of the sale. If there are no net proceeds then no repayment will be required.
Recapture Agreement. The Recapture Agreement, executed and acknowledged by Seller.
Recapture Agreement. If the City requires Applicant to install any other public improvements which benefit any other property within the City‟s planning jurisdiction, the City agrees to execute a recapture agreement in form and substance substantially similar to the form attached as Exhibit HF such that Applicant shall be reimbursed the pro rata cost (with interest) of installing such public improvements which benefits such other property. The City agrees that it shall not approve any plat or issue any building permits for such other property benefiting from such improvements, until evidence of such payment to Applicant has been submitted to the City by Applicant in writing. Further, the City expressly agrees that Owner may subject the Property, or any portion or portions thereof, to private covenants which may provide for recapture or other cost sharing from and between such portion or portions of the Property.
Recapture Agreement. Triggering Event The recapture will be triggered if, at any time during the executive’s employment with Freddie Mac (or, under certain circumstances after termination of the executive’s employment, as described below), the Board determines and notifies you in writing that any of the following (“Triggering Events”) occurred:
Recapture Agreement. If Tenant desires to enter into any sublease of the Premises, Landlord shall have the option to exclude from the Premises covered by this Lease, the space proposed to be sublet by Tenant, effective as of the proposed commencement date of sublease of said space by Tenant. Landlord may exercise said option by giving Tenant written notice within fifteen (15) days after receipt by Landlord of Tenant's notice of the proposed sublease. If Landlord exercises said option, Tenant shall surrender possession of the proposed sublease space to Landlord on the effective date of exclusion of said space from the Premises covered by this Lease, and neither party hereto shall have any further rights or liabilities with respect to said space under this Lease. Effective as of the date of exclusion of any portion of the Premises covered by this Lease pursuant to this paragraph (i) the Monthly Base Rent specified in section 1.1.H shall be reduced in the same proportion as the number of square feet of the rentable area contained in the portion of the Premises so excluded bears to the number of square feet of rentable area contained in the Premises immediately prior to such exclusion, and (ii) the rentable area of the Premises specified in section 1.1.1 shall be decreased by the number of square feet of rentable area contained in the portion of the Premises so excluded, for all purposes under this Lease.
Recapture Agreement. Exhibit to Secondary Development Agreement
Recapture Agreement. If Tenant desires to enter into any sublease of the Premises, Landlord shall have the option to exclude from the Premises covered by
