OCRA definition
Examples of OCRA in a sentence
The Subscriber is responsible for ensuring that the use of OCRA is conducted in a proper and legal manner.
It is the responsibility of the Subscriber to provide the computer hardware and software and/or make modifications to their existing equipment that are necessary to effect access to OCRA.
Recipient and Subrecipient hereby impose the following restrictive covenants upon the Real Estate until Recipient is issued a Certificate of Completion for the Project, which shall be enforceable by OCRA, and Recipient and Subrecipient hereby warrant, grant and convey to OCRA a lien upon the Real Estate for the period specified above (the “Lien”).
OCRA administers the state’s CDBG Program (the “Program”), which awarded funds to Recipient subject to Title I of the Housing and Community Development Act and other certain rules, regulations, guidance and notices relating to the Program issued by OCRA from time to time.
OCRA and its representatives and assigns shall have the right to enter upon the Real Estate, at reasonable times and with reasonable notice, for the purpose of inspecting the Real Estate to ensure compliance with the terms of the Program Documents.
OCRA or its representatives or assigns will notify the Recipient in writing and advise them that they have 60 days to correct the violation.
The Real Estate shall be dedicated and maintained for the use(s) set forth in the Program Documents for a five year period or until a Certificate of Completion is issued by OCRA.
The Recipient and Subrecipient agree that neither party shall convey any interest in the Real Estate without the prior written consent of OCRA.
The Real Estate shall not be pledged or mortgaged as collateral for loans without the prior written consent of OCRA.
If the Recipient or Subrecipient fails to demonstrate a good faith effort to come into compliance with the terms of the Program Documents within the 60-day period, OCRA or its representatives or assigns shall enforce the terms of the Program Documents by taking any measures it deems appropriate, including but not limited to bringing an action at law or in equity in a court of competent jurisdiction.