Lender Contract definition
Examples of Lender Contract in a sentence
This Lender Contract constitutes a written contract between Local Government and Lender, as required under Section 399.006 (c) of the PACE Act.
Local Government undertakes to perform only such duties as are specifically set forth in this Lender Contract, and no implied duties on the part of Local Government are to be read into this Lender Contract.
Local Government certifies that the PACE Program has been duly adopted and is in full force and effect on the date of this Lender Contract.
This Lender Contract is to be construed in accordance with and with reference to the PACE Program and PACE Act.
This Lender Contract shall in all respects be governed by and construed in accordance with the laws of the State of Texas.
Each of the parties covenants and agrees to promptly remit to the other party any payments incorrectly received by such party with respect to the Assessment after the execution of this Lender Contract.
This provision overrides any conflicting provisions in this Lender Contract.
No provisions of this Lender Contract will require Local Government to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder.
In the event the actual total of costs and fees for which an assessment may be imposed under the PACE Act is different from the stated amount or any other term requires correction, Local Government, Property Owner, and Lender agree to execute an amended Owner Contract and Lender Contract, and Authorized Representative will record an amended Notice of Contractual Assessment Lien.
The transactions initiated via the Licensed Application are subject to the requirements of the Lender Contract, as it may be modified and amended from time to time.