Applicable HOA State definition

Applicable HOA State means (i) a state in which, pursuant to applicable Legal Requirements, (A) a Lien in favor of a homeowner’s association may be created through the non-payment of fees assessed against a residential property by such homeowner’s association and (B) any such Lien would extinguish the Lien of a mortgage upon the valid and proper foreclosure of such Lien for homeowner’s association fees or (ii) a state designated as an Applicable HOA State pursuant to Section 4.3.
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Applicable HOA State means (i) a state in which, pursuant to applicable Legal Requirements, (A) a Lien in favor of an HOA may be created through the non-payment of HOA Fees assessed against a Property by such HOA and (B) any such Lien would have Priority or (ii) a state designated as an Applicable HOA State pursuant to Section 4.3.16(b). For the avoidance of doubt, if any reported decision of a state appellate court would result in the foregoing clauses (i)(A) and (i)(B) applying in such state or if the legal opinion described in clause (B)(x) of the definition of “Applicable HOA Properties” in respect of a state is conditioned on the presence of subordination language or the absence of provisions which would otherwise allow a Lien for HOA Fees to extinguish the Lien of a mortgage upon the valid and proper foreclosure of such Lien for HOA Fee, then such state shall constitute an Applicable HOA State.
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Applicable HOA State means (a) a state in which, pursuant to applicable Legal Requirements, (i) a Lien in favor of an HOA may be created through the non-payment of amounts assessed against a Property by such HOA, (ii) any such Lien would have Priority over the lien applicable to the related Mortgage and (iii) any such Lien if foreclosed upon by such HOA would result in an extinguishment of the Lien of the Mortgage on such Property and (b) a state designated as an Applicable HOA State pursuant to Section 5.02(f)(i). For the avoidance of doubt, if a reported decision of a state appellate court would result in the foregoing clauses (a)(i) through (iii) applying in such state, then such state shall constitute an Applicable HOA State.
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Examples of Applicable HOA State in a sentence

  • In addition, if Lender believes in good faith that any provisions for the subordination of Liens for HOA Fees to the Lien of the Mortgages are unenforceable under the laws of an Applicable HOA State or that such Lien for HOA Fees would be entitled to Priority, Lender may redesignate all affected HOA Properties in such Applicable HOA State as Applicable HOA Properties.

  • For the avoidance of doubt, if any reported decision of a state appellate court would result in the foregoing clauses (i)(A), (i)(B and (i)(C) applying in such state, then such state shall constitute an Applicable HOA State.

  • For the avoidance of doubt, if any reported decision of a state appellate court would result in the foregoing clauses (i)(A), (i)(B) and (i)(C) applying in such state, then such state shall constitute an Applicable HOA State.

  • ITEM DESCRIPTIONESTIMATED QUANTITYUNIT PRICETOTAL AMOUNTW23.7-094-inch Ductile Iron Solid Sleeve (Long Pattern) M.J., installed.

  • If at any time Lender believes in good faith that HOA Fees due and payable to an HOA in an Applicable HOA State have become delinquent, Lender may in its sole and absolute discretion apply the HOA Funds to pay such HOA Fees.

  • On the Closing Date, Lender acknowledges based on the Closing Date HOA Opinion that Nevada is the sole Applicable HOA State.

  • In addition, if, as a result of any such differences the Administrative Agent believes in good faith that any provisions for subordination of Liens for HOA Fees to the Lien of the Mortgages are unenforceable under the laws of an Applicable HOA State or that such Lien for HOA Fees would be entitled to Priority, the Administrative Agent may redesignate all affected HOA Properties in such Applicable HOA State as Applicable HOA Properties.

  • There is no limit on the number of terms a Board Chair, Vice- Chair and member may serve.

  • In addition, if, as a result of any such differences Lender believes in good faith that any provisions for subordination of Liens for HOA Fees to the Lien of the Mortgages are unenforceable under the laws of an Applicable HOA State or that such Lien for HOA Fees would be entitled to Priority, Lender may redesignate all affected HOA Properties in such Applicable HOA State as Applicable HOA Properties.

  • In addition, if, as a result of any such differences Xxxxxx believes in good faith that any provisions for subordination of Liens for HOA Fees to the Lien of the Mortgages are unenforceable under the laws of an Applicable HOA State or that such Lien for HOA Fees would be entitled to Priority, Lender may redesignate all affected HOA Properties in such Applicable HOA State as Applicable HOA Properties.


More Definitions of Applicable HOA State

Applicable HOA State means (i) a state in which, pursuant to applicable Legal Requirements, (A) a Lien in favor of an HOA may be created through the non-payment of HOA Fees assessed against a Property by such HOA and (B) any such Lien would have Priority or (ii) a state designated as an Applicable HOA State pursuant to Section 4.3.16(b). For the avoidance of doubt, if any reported decision of a state appellate court would result in the foregoing clauses (i)(A) and (i)(B) applying in such state, then such state shall constitute an Applicable HOA State.
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Applicable HOA State means (i) a state in which, pursuant to applicable Laws, (A) a Lien in favor of an HOA may be created through the non-payment of HOA Fees assessed against a Property by such HOA and (B) any such Lien would have Priority or (ii) a state designated, on or before the Closing Date, by the Lender pursuant to the terms of the Seller Financing Documents, as an Applicable HOA State. For the avoidance of doubt, if any reported decision of a state appellate court would result in the foregoing clauses (i)(A) and (i)(B) applying in such state, then such state shall constitute an Applicable HOA State.
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Applicable HOA State means (a) a state in which, pursuant to applicable Legal Requirements, (i) a Lien in favor of a HOA may be created through the non-payment of amounts assessed against a Property by such HOA, (ii) any such Lien would have priority over the lien of the Mortgage and (iii) any such Lien if foreclosed upon by such HOA would result in an extinguishment of the Lien of the Mortgage on such Property or (b) a state designated as an Applicable HOA State pursuant to Section 4.3.13(b). For the avoidance of doubt, if any reported decision of a state appellate court would result in the foregoing clauses (a)(i) through (iii) applying in such state, then such state shall constitute an Applicable HOA State.
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Applicable HOA State means (a) a state in which, pursuant to applicable Legal Requirements, (i) a Lien in favor of a HOA may be created through the non-payment of amounts assessed against a Property by such HOA, (ii) any such Lien would have priority over the lien of the Mortgage and (iii) any such Lien if foreclosed upon by such HOA would result in an extinguishment of the Lien of the Mortgage on such Property or (b) a state designated as an Applicable HOA State pursuant to Section 4.3.13
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Related to Applicable HOA State

  • Applicable State Law For purposes of Section 9.12(d), the Applicable State Law shall be (a) the law of the State of New York and (b) such other state law whose applicability shall have been brought to the attention of the Securities Administrator and the Trustee by either (i) an Opinion of Counsel reasonably acceptable to the Securities Administrator and the Trustee delivered to it by the Master Servicer or the Depositor, or (ii) written notice from the appropriate taxing authority as to the applicability of such state law.

  • Agent state means any state in which an individual files a claim for benefits from another state.

  • third State means a State not a party to the treaty;

  • Host state means a state, other than the home state of a bank, in which the bank maintains, or seeks to establish and maintain a branch.

  • Current state fiscal year means the state fiscal year for which a particular calculation is made.

  • Relevant State means the state in which the Merchant’s premises, to which the Grower despatches Produce are situated.

  • Notice of Objection has the meaning set forth in Section 2.4(c).

  • Minimum State of Charge means the minimum State of Charge that should be maintained in units of megawatt-hours. NERC:

  • MONTHLY KILOMETREAGE STATEMENT CUM BILL means the format specified by the Company.

  • Applicable Authority means (a) with respect to SOFR, the SOFR Administrator or any Governmental Authority having jurisdiction over the Administrative Agent or the SOFR Administrator and (b) with respect to any Alternative Currency, the applicable administrator for the Relevant Rate for such Alternative Currency or any Governmental Authority having jurisdiction over the Administrative Agent or such administrator.

  • Lead State means the State conducting this cooperative solicitation and centrally administering any resulting master price agreement.

  • said State means the State of Western Australia;

  • Applicable Regional Entity means the Regional Entity for the region in which a Network Customer, Transmission Customer, New Service Customer, or Transmission Owner operates. Applicable Standards:

  • Statement of Objections has the meaning set forth in Section 2.04(c)(ii).

  • All applicable Federal, State, and local taxes and duties means all taxes and duties, in effect on the contract date, that the taxing authority is imposing and collecting on the transactions or property covered by this contract.

  • Tax Increment District or "district" means that area to which the tax increment finance plan pertains.

  • EEA State means a State which is a Contracting Party to the EEA Agreement;

  • Location Routing Number (LRN means the ten (10) digit number that is assigned to the network switching elements (Central Office–Host and Remotes as required) for the routing of calls in the network. The first six (6) digits of the LRN will be one of the assigned NPA NXX of the switching element. The purpose and functionality of the last four (4) digits of the LRN have not yet been defined but are passed across the network to the terminating switch.

  • This state means the State of West Virginia.

  • Compact state means a state, U.S. commonwealth, possession or trust territory which is a signatory to the interstate compact on the placement of children.

  • Maximum State of Charge means the maximum State of Charge that should not be exceeded, measured in units of megawatt-hours. Merchant A.C. Transmission Facilities: “Merchant A.C. Transmission Facility” shall mean Merchant Transmission Facilities that are alternating current (A.C.) transmission facilities, other than those that are Controllable A.C. Merchant Transmission Facilities. Merchant D.C. Transmission Facilities: “Merchant D.C. Transmission Facilities” shall mean direct current (D.C.) transmission facilities that are interconnected with the Transmission System pursuant to Tariff, Part IV and Tariff, Part

  • Agreement State means any State with which the U.S. Nuclear Regulatory Commission or the U.S. Atomic Energy Commission has entered into an effective agreement under subsection 274b. of the Atomic Energy Act of 1954, as amended (73 Stat. 689).

  • Reciprocal state means a state other than this state in which section 507C.18, subsection 1, sections 507C.52 and 507C.53 and sections 507C.55 through 507C.57 are in force, and in which provisions are in force requiring that the commissioner or equivalent official be the receiver of a delinquent insurer, and in which some provision exists for the avoidance of fraudulent conveyances and preferential transfers.

  • Location Routing Number or "LRN" means a unique ten- (10)-digit number assigned to a Central Office Switch in a defined geographic area for call routing purposes. This ten- (10)-digit number serves as a network address and the routing information is stored in a database. Switches routing calls to subscribers whose telephone numbers are in portable NXXs perform a database query to obtain the Location Routing Number that corresponds with the Switch serving the dialed telephone number. Based on the Location Routing Number, the querying Carrier then routes the call to the Switch serving the ported number. The term "LRN" may also be used to refer to a method of LNP. "Long Distance Service" (see "Interexchange Service").

  • Party state means any state that has adopted this compact.

  • Applicable Registry Operators means, collectively, the registry operators of top-­‐level domains party to a registry agreement that contains a provision similar to this Section 7.6, including Registry Operator.