Common use of CA Determination of Default Clause in Contracts

CA Determination of Default. Upon a determination by the CA (where the CA is a PHA) that a default has occurred, the CA shall notify the Owner and the lender, with a copy to HUD, of 1. The nature of the default; 2. The actions required to be taken and the remedies to be applied on account of the default (including actions by the Owner and/or the lender to cure the default); and 3. The time within which the Owner and/or the lender shall respond with a showing that all the required actions have been taken. 4. If the Owner and/or lender fail to respond or take action to the satisfaction of the CA (and HUD, here the CA is a PHA), the CA shall have the right to take corrective action to achieve compliance in accordance with paragraph (b)(3), or to terminate this SPRAC with HUD approval (where the CA is a PHA), in whole or in part, or to take other corrective action to achieve compliance in the CA’s discretion, or as directed by HUD (where the CA is a PHA).

CA Determination of Default. Upon a determination by the CA (where the CA is a PHA) that a default has occurred, the CA shall notify the Owner and the lender, with a copy to HUDHUD where the CA is a PHA, of 1. (i) The nature of the default;, 2. (ii) The actions required to be taken and the remedies to be applied on account of the default (including actions by the Owner and/or the lender to cure the default); , and 3. (iii) The time within which the Owner and/or the lender shall respond with a showing that all the required actions have been taken. 4. If the Owner and/or lender fail to respond or take action to the satisfaction of the CA (and HUD, here HUD where the CA is a PHA), the CA shall have the right to take corrective action to achieve compliance compliance, in accordance with paragraph (b)(3), ) or to terminate this SPRAC Contract with HUD approval (where the CA is a PHA)approval, in whole or in part, or to take other corrective action to achieve compliance in the CA’s its discretion, or as directed by HUD (where the CA is a PHA).

CA Determination of Default. Upon a determination by the CA (where the CA is a PHA) that a default has occurred, the CA shall notify the Owner and the lender, with a copy to HUDHUD where the CA is a PHA, of 1. (i) The nature of the default;, 2. (ii) The actions required to be taken and the remedies to be applied on account of the default (including actions by the Owner and/or the lender to cure the default); , and 3. (iii) The time within which the Owner and/or the lender shall respond with a showing that all the required actions have been taken. 4. If the Owner and/or lender fail to respond or take action to the satisfaction of the CA (and HUD, here HUD where the CA is a PHA), the CA shall have the right to take corrective action to achieve compliance compliance, in accordance accor- dance with paragraph (b)(3), ) or to terminate this SPRAC Contract with HUD approval (where the CA is a PHA)approval, in whole or in part, or to take other corrective action to achieve compliance compli- ance in the CA’s its discretion, or as directed by HUD (where the CA is a PHA).

CA Determination of Default. Upon a determination by the CA (where the CA is a PHA) that a default has occurred, the CA shall notify the Owner and the lender, with a copy to HUDHUD (where the CA is a PHA), of 1. (i) The nature of the default; 2. (ii) The actions required to be taken and the remedies to be applied on account of the default (including actions by the Owner and/or the lender to cure the default); and 3. (iii) The time within which the Owner and/or the lender shall respond with a showing that all the required actions have been taken. 4. If the Owner and/or lender fail to respond or take action to the satisfaction of the CA (and HUD, here where the CA is a PHA), the CA shall have the right to take corrective action to achieve compliance in accordance with paragraph (b)(3), or to terminate this SPRAC HAP Contract with HUD approval (where the CA is a PHA), in whole or in part, or to take other corrective action to achieve compliance in the CA’s discretion, or as directed by HUD (where the CA is a PHA).