Common use of Compliance and Term Clause in Contracts

Compliance and Term. The Sponsor and the Owner shall, at all times, comply with all laws, rules, and regulations (including, without limitation, the AHP Regulations), and with the provisions contained in the Application and in the Subsidy Agreement as they relate to the construction, ownership, management, and operation of the Project. The term, during which the Sponsor and the Owner must comply with the AHP Regulations to qualify and maintain the Grant, is fifteen (15) years from the date of project completion, at which time this Agreement shall terminate (the “Retention Period”).

Compliance and Term. The Sponsor and the Owner shall, at all times, comply with all laws, rules, and regulations (including, without limitation, the AHP Regulations), and with the provisions contained in the Application and in the Subsidy Agreement as they relate to the construction, ownership, management, and operation of the Project. The term, during which the Sponsor and the Owner must comply with the AHP Regulations to qualify and maintain the Grant, is fifteen (15) years from the date of project completioncompletion (the “Retention Period”), at which time this Agreement shall terminate (the “Retention Period”)terminate.