HAP Contracts definition

HAP Contracts has the meaning as defined in Section 4.2
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HAP Contracts means, collectively, (a) that certain Section 8 Project-Based Voucher Program PBV Housing Assistance Payment Contract with respect to the Pinecrest Apartments, providing subsidies for a total of three (3) units, and (b) that certain Section 8 Project-Based Voucher Program PBV Housing Assistance Payment Contract with respect to the Terrace ▇▇▇▇ Apartments, providing subsidies for a total of four (4) units, each of which shall have an initial term of twenty (20) years, with an automatic twenty (20) year renewal, and shall otherwise be in form and substance approved by Bondowner Representative.
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HAP Contracts shall, individually or collectively, mean and refer to the currently in effect (exclusive of subsequent extensions) HUD Section 8
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Examples of HAP Contracts in a sentence

  • Payment includes the previous month’s activity and the current month’s active HAP Contracts.

  • The Contractor must compare the previous month’s report to the current month’s report to ensure that the billing includes all the existing HAP Contracts for the payment period.

  • A report developed in Program Software entitled Admin Fee Payments, located under HCV/Resident Processing/Agent Reports will show a printout of all HAP Contracts active as of the first of the current month.

  • Assignments with respect to the HAP Contracts in a form required by HUD, duly executed by Buyer.

  • Assignments with respect to the HAP Contracts in a form required by HUD, duly executed by Seller.

  • There are no leases, subleases or other rental agreements or occupancy agreements (written or verbal) entered into by the Partnership which grant any possessory interest in and to any space situated on or in the Real Property or that otherwise give rights with regard to use of the Real Property other than the Leases, Existing Loan Documents and HAP Contracts.

  • At Closing, Purchaser either (a) shall assume all obligations under the HAP Contracts and accept title to the Property subject to the same, or (b) the existing HAP Contracts shall be terminated, and Purchaser shall enter into replacement Housing Assistance Payment contracts which are acceptable to the Housing Authority (either (a) or (b) meaning the “HAP Assumption”).

  • Purchaser shall make such filings with the Housing Authority, deliver such documents, pay such fees and costs (if any), and pay such reserves, impounds, escrows and other amounts (if any) post-Closing as required by the Housing Authority with respect to the HAP Contracts (which may include, but not be limited to, a change in ownership form, name of the new owner, name of the property manager, evidence that title to the applicable Property has transferred and an IRS form W-9).

  • From and after the Effective Date, Seller shall promptly deliver to Purchaser copies of any new HAP Contracts entered into by Seller after the Effective Date with respect to the Property.

  • No later than 15 days after the Effective Date, Purchaser, at its sole cost and expense, shall submit all applications, documents, information, materials, and fees to the Housing Authority, required in order for the Housing Authority to approve Purchaser’s request for pre-approval as an entity qualified to assume the HAP Contracts, and shall diligently proceed using its best efforts to obtain such pre-approval as soon as possible.


More Definitions of HAP Contracts

HAP Contracts means those certain (i) Humana Alliance Partnership Agreements, (ii) Physician Participation Agreements, and (iii) Revocable License Operating Agreement, each by and between Sellers or one of their Affiliates and Humana Insurance Company and its Affiliates that underwrite or administer health plans, in each case as amended or otherwise modified to date, that are related to the Transferred Markets and are more specifically set forth on Schedule 1.69.
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HAP Contracts means those certain Housing Assistance Payment Contracts listed on Schedule 1.1.64(a).
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HAP Contracts means the HUD Housing Assistance Payments contracts by and between HUD and the Partnerships, pertaining to each Property.
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Related to HAP Contracts

  • Cap Contracts means (i) the Cap Contract between the Trustee and the counterparty named thereunder, for the benefit of the Holders of the Class A-1 Certificates, the Mezzanine Certificates and the Class B Certificates (the "Group I Cap Contract") and (ii) the Cap Contract between the Trustee and the counterparty thereunder, for the benefit of the Class A-2 Certificates, the Mezzanine Certificates and the Class B Certificates (the "Group II Cap Contract").

  • Swap Contracts means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement.

  • Initial Contracts means those Contracts conveyed to the Trust on the Closing Date.

  • Project Contracts mean a contract or contracts with respect to the acquisition and/or construction of the Improvements entered into by the Company or the Issuer.

  • Affiliate Contracts has the meaning set forth in Section 4.27.