RAD Use Agreement definition

RAD Use Agreement means the Rental Assistance Demonstration Use Agreement to be entered into on or before Initial Closing by and between HUD and the Partnership.

RAD Use Agreement means that certain RAD Use Agreement executed by the Authority and the Borrower in favor of the U.S. Department of Housing and Urban Development.

RAD Use Agreement means, collectively, those certain agreements executed by HUD, the Authority, Owner, and HDFC and recorded against that portion of the Development that is undergoing subsidy conversion pursuant to the RAD Program] with respect to permitted uses of such portions of the Development and rights of potential beneficiaries, which use restriction governs in case of any conflict with this Agreement.

Examples of RAD Use Agreement in a sentence

• Converting Projects will be released from the public housing Declaration of Trust (DOT) and the Declaration of Restrictive Covenants (DORCs), if applicable, and a RAD Use Agreement will be placed on the Covered Project.

• The project to which assistance is transferred will be subject to all of the contract terms as described in the HAP Contract, RCC, and RAD Use Agreement.

• Notwithstanding such termination, the project shall remain subject to the RAD Use Agreement encumbering the property on which the project is located.

• A RAD Use Agreement will be recorded against the new location to which assistance is transferred.

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More Definitions of RAD Use Agreement

RAD Use Agreement means, collectively, those certain Rental Assistance Demonstration Use Agreements by and among HUD, PHA, Owner and HDFC, dated as of substantially even date herewith and recorded simultaneously herewith.

RAD Use Agreement means that certain Rental Assistance Demonstration Use Agreement entered into by the Landlord, Tenant, and HUD and dated as of substantially even date herewith.

RAD Use Agreement means, collectively, the use agreement entered into by and among the Authority, Lessee, and United States Department of Housing and Urban Development (HUD) specifying the affordability and

RAD Use Agreement means the Rental Assistance Demonstration Use Agreement entered into by and among the Lender, Borrower, and HUD specifying the affordability and use restrictions governing the Project under the RAD Program, and recorded against the Lender's fee interest in the Leased Premises and the Lessee's leasehold interest in the Leased Premises.

RAD Use Agreement means that certain Rental Assistance Demonstration Use Agreement executed among HUD, Landlord and Tenant with respect to permitted uses of the Premises and rights of potential beneficiaries.

RAD Use Agreement means the Rental Assistance Demonstration Use Agreement between Borrower and the Secretary of Housing and Urban Development (“HUD”) dated December 8, 2016, recorded December 14, 2016 as Document No. A10391045 in the office of the County Recorder for Hennepin County, Minnesota.

RAD Use Agreement has the meaning given such term in the Recitals to this Agreement.