COSRA definition
COSRA or “COSR Agreement” means the agreement between the Borrower and CalHFA governing the COSR.
COSRA refers to the COSR (as defined below) agreement governing the terms and conditions of the disbursement of the COSR.
Examples of COSRA in a sentence
All reserves capitalized under Section 209 of the Guidelines shall be provided by the Department in the form of a grant shall be evidenced by a COSRA, which shall be secured by a deed of trust recorded against the real property of the housing development in favor of the Department, for the purpose of securing performance of the covenants and conditions of the COSRA.
Finally, any award of the COSR shall be evidenced by a COSRA, which performance of the covenants and conditions thereof shall be secured by the Deed of Trust.