Retention Agreement definition

Retention Agreement means an agreement, to be recorded as a lien against the property for which assistance is provided, requiring that if an eligible resident sells a home that was purchased or repaired or for which a mortgage loan was paid with the assistance of a loan made under this chapter, then that portion of the original principal amount that has not been forgiven, if any, shall be repaid.
Retention Agreement means the Rider to Deed of Trust - Affordable Housing Program Retention Agreement and Restrictive Covenants attached to and made a part of the Deed of Trust encumbering the AHP-Assisted Unit.
Retention Agreement means an agreement as described in subrule 29.5(6).

Examples of Retention Agreement in a sentence

  • If a homeowner who has been awarded a forgivable loan sells a disaster-affected home or replacement housing for which the homeowner received the forgivable loan prior to the end of the loan term, the remaining principal on the forgivable loan shall be due and payable upon the sale of the home.29.5(6) Retention agreement.


More Definitions of Retention Agreement

Retention Agreement means an agreement between the Company and a Participant setting forth terms and conditions with respect to such Participant’s Retention Payments. Such agreement shall be in such form or forms as the Compensation Committee shall determine.
Retention Agreement means the retention agreements and reorganization agreements, as the case may be, entered into on or prior to the date hereof substantially in the forms set forth on Exhibit L, and any other written agreement entered into on or prior to the date hereof between Lazard Group and any person who shall become an Exchangeable MD Member on the date hereof (including any trust or other entity) pursuant to which accelerated exchange rights are provided with respect to such Exchangeable MD Member’s Exchangeable Interest (or applicable portion thereof), in each case, as such agreements may be amended from time to time.
Retention Agreement has the meaning set forth in the recitals.
Retention Agreement means those certain Subsidiary Retention Agreements entered into between SPR and certain of the SpinCo Business Employees in contemplation of the transactions contemplated by the Merger Agreement, including any retention agreements entered into after the date hereof but prior to the Distribution Effective Time and disclosed in Section 6.01(a)(vi)(D) of the GPC Disclosure Letter.
Retention Agreement shall have the meaning specified in Section 6.11.
Retention Agreement means each retention, transaction bonus or change of control agreement entered into by the Companies or one of their Affiliates and an Employee prior to the Closing and set forth on Section 1.1(g) of the Disclosure Schedules.
Retention Agreement means an agreement entered into between the Company and a Participant providing for participation in the Plan.