OPGA definition

OPGA means the option to purchase and governance agreement dated as of January 31, 2008 executed by the Shareholder, BCH and the Buyer.

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Examples of OPGA in a sentence

• The Buyer shall have received from the Shareholder the OPGA Termination Agreement executed by the Shareholder and BCH.

• Owner hereby covenants and agrees, for itself and its successors and assigns, that the Property shall be used solely for the construction and operation of a 62-unit multifamily rental housing development in compliance with the OPGA, the development approvals granted by the City, and the requirements set forth herein.

• The Shareholder shall have received from the Buyer the OPGA Termination Agreement executed by the Buyer.

• Owner hereby represents, warrants and covenants that with the exception of the Agency Documents (as defined in the OPGA) and easements of record, absent the written consent of Agency, this Agreement shall not be subordinated in priority to any lien (other than those pertaining to taxes or assessments), encumbrance, or other interest in the Property or the Project except as provided in the OPGA.

• During the term of this Agreement, except as permitted pursuant to the OPGA or this Agreement, Owner shall not make or permit the occurrence of any Transfer (as defined in the OPGA) of the Project or the Property without the prior written consent of the Agency; provided however, neither the admission of an investor limited partner, nor the transfer by the investor limited partner to an entity in which an affiliate is the general partner or managing member shall require Agency consent.