Common use of Violation of Agreement Clause in Contracts

Violation of Agreement. The occurrence of any one or more of the following shall constitute a “Violation” under this Agreement: Any failure by Borrower to comply with any of the provisions of this Agreement; Any failure by Borrower to comply with any of the provisions of any other of the Loan Documents; Any fraud or material misrepresentation or material omission by Xxxxxxxx, any of its officers, directors, trustees, general partners, members, managers, employees, representatives or managing agent in connection with (1) any financial statement, rent roll or other report or information provided to HUD during the term of this Agreement or (2) any request for HUD’s consent to any proposed action, including a request for disbursement of funds from any restricted account for which HUD’s prior written approval is required; or The commencement of a forfeiture action or proceeding, whether civil or criminal, which, in HUD’s reasonable judgment, could result in a forfeiture of the Mortgaged Property or otherwise materially impair Lender’s and/or HUD’s interest in the Mortgaged Property.

Violation of Agreement. The occurrence of any one or more of the following shall constitute a “Violation” under this Agreement: Any failure by Borrower to comply with any of the provisions of this Agreement; Any failure by Borrower to comply with any of the provisions of any other of the Loan Documents; Any fraud or material misrepresentation or material omission by Xxxxxxxx, any of its officers, directors, trustees, general partners, members, managers, employees, representatives or managing agent in connection with (1) any financial statement, rent roll statement or other report or information provided to HUD during the term of this Agreement or (2) any request for HUD’s consent to any proposed action, including a request for disbursement of funds from any restricted account for which HUD’s prior written approval is required; or The commencement of a forfeiture action or proceeding, whether civil or criminal, which, in HUD’s reasonable judgment, could result in a forfeiture of the Mortgaged Property or otherwise materially impair Lender’s and/or HUD’s interest in the Mortgaged PropertyProperty or rights under the Loan Documents.