Agreement to turn over Proceeds; Future Reassignment i. If Participant (or any lender to which DOB Proceeds are payable, to the extent permitted by superior loan documents) has received or hereafter receives any DOB Proceeds, Participant agrees to promptly pay such amounts to NCORR, if Participant received an award under the Programs in an amount greater than the amount Participant would have received if such DOB Proceeds had been considered in the calculation of Participant’s award.
Agreement to turn over Proceeds; Future Reassignment. (a) If Homeowner receives any Proceeds, or any notice that he/she is scheduled to receive Proceeds, and such Proceeds have not been previously disclosed in connection with its Application (“Subsequent Proceeds”), Homeowner must immediately notify HTFC and provide HTFC with copies of any communications concerning the Subsequent Proceeds.
Agreement to turn over Proceeds; Future Reassignment. (a) If Applicant receives any Proceeds, or any notice that he/she is scheduled to receive Proceeds, and such Proceeds have not been previously disclosed in connection with its Application (“Subsequent Proceeds”), Applicant must immediately notify HTFC and provide HTFC with copies of any communications concerning the Subsequent Proceeds.
Agreement to turn over Proceeds; Future Reassignment a. If Applicant has received or will receive any DOB, Applicant agrees to promptly pay such amounts to the Program provided the Applicant received HBA under the Program in an amount greater than the amount Applicant would have received if such DOB had been considered in the calculation of Applicant’s HBA.
Agreement to turn over Proceeds; Future Reassignment a) If Subrecipient (or, to the extent permitted by superior loan documents, any lender to which DOB Proceeds are payable) hereafter receives any DOB Proceeds, Subrecipient agrees to promptly pay such amounts to PRDOH, if Subrecipient received Grant Proceeds under the Program in an amount greater than the amount Subrecipient would have received if such DOB Proceeds had been considered in the calcul award.
Agreement to turn over Proceeds; Future Reassignment. If Applicant (or any entity holding a lien on the Structure, except to the extent required by superior loan documents) hereafter receives any insurance payment or disaster relief or reimbursement funds for physical damage to the Structure (not including proceeds received to cover contents), Applicant agrees to promptly pay such amounts to the Subrecipient if Applicant received grant proceeds under the Program in an amount greater than the amount Applicant would have received if such insurance and/or disaster relief or reimbursement payment had been considered in the calculation of Applicant’s award. Once the Subrecipient has recovered an amount equal to the grant proceeds paid to Applicant, the Subrecipient will reassign to Applicant any rights assigned to the Subrecipient pursuant to this Agreement.
