AHAP Contract definition
Examples of AHAP Contract in a sentence
The Housing Assistance Payments Contract to be entered into between Borrower and the Housing Authority on or before the Conversion Date in the form attached to the AHAP Contract and consistent with the terms of the final proposal attached to the AHAP Contract.
Borrower shall at times comply with the AHAP Contract and all HUD requirements and guidelines to ensure issuance of the HAP Contract.
Borrower shall observe and comply with all of the terms and conditions set forth in the Subordinate Documents, all Regulatory Agreements, the AHAP Contract and the HAP Contract (after the HAP Contract has been fully executed).
Borrower shall advise Bank in writing promptly upon learning of any default with respect to the AHAP Contract and the HAP Contract.
Subordinate Documents (excluding the AHSC Permanent Loan Documents except as otherwise provided in Section 4.1.12 above) and the AHAP Contract, each in a form acceptable to Bank.
The Assignment of Agreement to Enter Into Housing Assistance Payments Contract, on Bank’s form, executed by ▇▇▇▇▇▇▇▇ in favor of Bank as additional collateral security for the performance of Borrower’s obligations under the Borrower Loan Documents, as the same may from time to time be amended, modified or supplemented, assigning to Bank all of Borrower’s rights under the AHAP Contract together with that certain Consent to Assignment of AHAP Contract attached thereto and executed by the Housing Authority.
Each and every covenant, condition and obligation contained in the Tax Credit Allocation Documents and the Subordinate Documents, the AHAP Contract and the HAP Contract (after the HAP Contract has been fully executed) required to be performed or satisfied as of the date hereof, and each and every matter required to be approved thereunder as of the date hereof, has been satisfied or approved, as applicable.
Borrower will timely perform all obligations of Borrower with respect to the HAP Contract and the AHAP Contract, and shall take all actions necessary to maintain the HAP Contract and the AHAP Contract in full force and effect and to prevent the termination or reduction of the Section 8 Payments to the Project provided thereunder.
Any agreements granting a security interest in collateral securing the Borrower Loan and/or any Hedge provided by Bank other than the Deed of Trust, including without limitation, assignments and consents to assignments of the Architect‟s Agreement, Construction Contract, if any, Plans, any property management agreement or asset management agreement, the Assignment of Tax Credits and Partnership Interests, the Assignment of Hedge (if any), the Assignment of AHAP Contract, and the Assignment of HAP Contract.
Allocation Documents and Subordinate Documents, AHAP Contract and HAP Contract.