Common use of Consequences of Default Clause in Contracts

Consequences of Default. If the Grantee fails to cure all defaults specified in the notice of default within the time periods set forth in paragraph (C)(1) of this Article, or fails to diligently pursue or complete any cure as provided in paragraph (C)(1), HUD may take any of the following remedial actions, upon written notice to the Grantee: (a) require the Grantee, within a time period established by HUD, to prepare a revised Program Schedule, obtain HUD's approval thereto, and follow such revised Program Schedule to complete the activities under the Revitalization Plan; (b) require the Grantee, within a time period established by HUD, to revise any activity under the Revitalization Plan in order to successfully complete the activities under the Revitalization Plan in a manner satisfactory to HUD, including, without limitation, exclusion or revision of affected activities, revision of the HOPE VI Budget as necessary, and substitution of other eligible activities; (c) require submission of additional documentation before any additional request for funds will be approved; (d) temporarily suspend the Grantee's authority to draw down HOPE VI Grant funds for affected activities, or at HUD's sole discretion for all activities, for not more than ninety (90) days, pending action to cure the defaults; (e) if, after the 90 days, the default is not cured, then restrict the Grantee's authority to draw down HOPE VI Grant funds under LOCCS by prohibiting payment or reimbursement for all grant activities or, if more appropriate (in HUD's sole discretion), only for those activities affected by the default, for an unspecified period of time pending final action by HUD; (f) disallow use of HOPE VI Grant funds for all or part of the cost of the activity or action not in compliance; (g) recover amounts determined by HUD to have been improperly expended, including any property obtained by the Grantee with such grant funds; (h) require reimbursement by the Grantee for HOPE VI Grant funds determined by HUD to have been improperly expended; (i) require the Grantee to pay monetary fines in an amount determined by HUD. These fines may be in the form of deductions from the HOPE VI grant funds; and (j) make arrangements satisfactory to HUD, in its sole discretion, for use of an entity other than the Grantee to carry out activities assisted under the Revitalization Plan.

Consequences of Default. If the Grantee fails to cure all defaults specified in the notice of default within the time periods set forth in paragraph (C)(1) of this Article, or fails to diligently pursue or complete any cure as provided in paragraph (C)(1), HUD may take any of the following remedial actions, upon written notice to the Grantee: (a) requiring a Grantee in default to provide evidence to HUD of acceptable performance over such period of time as specified by HUD and to obtain written approval from HUD to proceed to the next phase of activities; (b) requiring additional, more detailed financial reports; (c) requiring additional project monitoring; (d) requiring the Grantee (or subgrantee) to obtain technical or management assistance; (e) establishing additional prior approvals; and (f) require the Grantee, within a time period established by HUD, to prepare a revised Program Schedule, obtain HUD's ’s approval thereto, and follow such revised Program Schedule to complete the activities under the Revitalization PlanGrant Agreement; (bg) require the Grantee, within a time period established by HUD, to revise any activity under the Revitalization Plan Grant Agreement in order to successfully complete the activities under the Revitalization Plan Grant Agreement in a manner satisfactory to HUD, including, without limitation, exclusion or revision of affected activities, revision of the HOPE VI Choice Neighborhoods Budget as necessary, and substitution of other eligible activities; (ch) require submission of additional documentation before any additional request for funds will be approved; (di) temporarily suspend the Grantee's ’s authority to draw down HOPE VI Choice Neighborhoods Grant funds for affected activities, or at HUD's ’s sole discretion for all activities, for not more than ninety (90) days, pending action to cure the defaults; (e) if, after the 90 days, the default is not cured, then restrict the Grantee's authority to draw down HOPE VI Grant funds under LOCCS by prohibiting payment or reimbursement for all grant activities or, if more appropriate (in HUD's sole discretion), only for those activities affected by the default, for an unspecified period of time pending final action by HUD; (fj) disallow use of HOPE VI Choice Neighborhoods Grant funds for all or part of the cost of the activity or action not in compliance; (gk) recover amounts determined by HUD to have been improperly expended, including any property obtained by the Grantee with such grant funds; (hl) require reimbursement by the Grantee for HOPE VI Choice Neighborhoods Grant funds determined by HUD to have been improperly expended; (i) require the Grantee to pay monetary fines in an amount determined by HUD. These fines may be in the form of deductions from the HOPE VI grant funds; and (jm) make arrangements satisfactory to HUD, in its sole discretion, for use of an entity other than the Grantee to carry out activities assisted under the Revitalization PlanGrant Agreement, including requiring the Grantee to assign any outstanding contracts obligating grant funds to another entity.

Consequences of Default. If the Grantee Owner fails to cure all defaults breaches specified in the notice of default breach within the time periods set forth in paragraph (C)(1b)(i) of this ArticleSection, or fails to diligently pursue or complete any cure as provided in paragraph (C)(1b)(i), HUD may declare a Default of this Agreement and take any of the following remedial actions, upon written notice to the Grantee: (a) Owner: requiring a Grantee in Default to provide evidence to HUD of acceptable performance over such period of time as specified by HUD and to obtain written approval from HUD to proceed with grant funded activities; requiring additional, more detailed financial reports; requiring additional project monitoring; requiring the Owner to obtain technical or management assistance; establishing additional prior approvals; require the Grantee, within a time period established by HUD, to prepare a revised Program Schedule, obtain HUD's approval thereto, and follow such revised Program Schedule to complete the activities under the Revitalization Plan; (b) require the GranteeOwner, within a time period established by HUD, to revise any activity under the Revitalization Plan this Agreement in order to successfully complete the activities under the Revitalization Plan this Agreement in a manner satisfactory to HUD, including, without limitation, exclusion or revision of affected activities, revision of the HOPE VI Budget as necessary, and substitution of other eligible activities; (c) ; require submission of additional documentation before any additional request for funds will be approved; (d) ; temporarily suspend the Grantee's authority to draw down HOPE VI GRRP Grant funds for affected activities, or or, at HUD's sole discretion discretion, for all activities, for not more than ninety (90) days, pending action to cure the defaults; (e) if, after the 90 days, the default is not cured, then restrict the Grantee's authority to draw down HOPE VI Grant funds under LOCCS by prohibiting payment or reimbursement for all grant activities or, if more appropriate (Defaults in HUD's sole discretion), only for those activities affected by the default, for an unspecified period of time pending final action by HUD; (f) accordance with 2 CFR § 200.33; disallow use of HOPE VI GRRP Grant funds for all or part of the cost of the activity or action not in compliance; (g) ; recover amounts determined by HUD to have been improperly expended, including any property obtained by the Grantee GRRP with such grant funds; (h) ; or require reimbursement by the Grantee Owner for HOPE VI GRRP Grant funds determined by HUD to have been improperly expended; (i) require the Grantee to pay monetary fines in an amount determined by HUD. These fines may be in the form of deductions from the HOPE VI grant funds; and (j) make arrangements satisfactory to HUD, in its sole discretion, for use of an entity other than the Grantee to carry out activities assisted under the Revitalization Plan.

Consequences of Default. If the Grantee fails to cure all defaults specified in the notice of default within the time periods set forth in paragraph (C)(1) of this Article, or fails to diligently pursue or complete any cure as provided in paragraph (C)(1), HUD may take any of the following remedial actions, upon written notice to the Grantee: (a) require the Grantee, within a time period established by HUD, to prepare a revised Program Schedule, obtain HUD's approval thereto, and follow such revised Program Schedule to complete the activities under the Revitalization Plan; (b) require the Grantee, within a time period established by HUD, to revise its management plan (including, without limitation, changing the managing entity), HOPE VI Relocation Plan, Disposition Application, or any other activity under the Revitalization Plan in order to successfully complete the activities under the Revitalization Plan in a manner satisfactory to HUD, including, without limitation, exclusion or revision of affected activities, revision of the HOPE VI Full Program Budget and/or Predevelopment Budget(s) as necessary, and substitution of other eligible activities; (c) require submission of additional documentation before any additional request for funds will be approved; (d) temporarily suspend the Grantee's authority to draw down HOPE VI Grant funds for affected activities, or at HUD's sole discretion for all activities, for not more than ninety (90) days, pending action to cure the defaults; (e) if, after the 90 days, the default is not cured, then restrict the Grantee's authority to draw down HOPE VI Grant funds under LOCCS by prohibiting payment or reimbursement for all grant activities or, if more appropriate (in HUD's sole discretion), only for those activities affected by the default, for an unspecified period of time pending final action by HUD; (f) disallow use of HOPE VI Grant funds for all or part of the cost of the activity or action not in compliance; (g) recover amounts determined by HUD to have been improperly expended, including any property obtained by the Grantee with such grant funds; (h) require reimbursement by the Grantee for HOPE VI Grant funds determined by HUD to have been improperly expended; (i) require the Grantee to pay monetary fines in an amount determined by HUD. These fines may be in the form of deductions from the HOPE VI grant funds; and (ji) make arrangements satisfactory to HUD, in its sole discretion, for use of an entity other than the Grantee to carry out activities assisted under the Revitalization Plan.

Consequences of Default. If the Grantee fails to cure all defaults specified in the notice of default within the time periods set forth in paragraph (C)(1) of this Article, or fails to diligently pursue or complete any cure as provided in paragraph (C)(1), HUD may take any of the following remedial actions, upon written notice to the Grantee: (a) require the Grantee, within a time period established by HUD, to prepare a revised Program Schedule, obtain HUD's approval thereto, and follow such revised Program Schedule to complete the activities under the Revitalization Plan; (b) require the Grantee, within a time period established by HUD, to revise any activity under the Revitalization Plan in order to successfully complete the activities under the Revitalization Plan in a manner satisfactory to HUD, including, without limitation, exclusion or revision of affected activities, revision of the Overall HOPE VI Budget as necessary, and substitution of other eligible activities; (c) require submission of additional documentation before any additional request for funds will be approved; (d) temporarily suspend the Grantee's authority to draw down HOPE VI Grant funds for affected activities, or at HUD's sole discretion for all activities, for not more than ninety (90) days, pending action to cure the defaults; (e) if, after the 90 days, the default is not cured, then restrict the Grantee's authority to draw down HOPE VI Grant funds under LOCCS by prohibiting payment or reimbursement for all grant activities or, if more appropriate (in HUD's sole discretion), only for those activities affected by the default, for an unspecified period of time pending final action by HUD; (f) disallow use of HOPE VI Grant funds for all or part of the cost of the activity or action not in compliance; (g) recover amounts determined by HUD to have been improperly expended, including any property obtained by the Grantee with such grant funds; (h) require reimbursement by the Grantee for HOPE VI Grant funds determined by HUD to have been improperly expended; (i) require the Grantee to pay monetary fines in an amount determined by HUD. These fines may be in the form of deductions from the HOPE VI grant funds; and (ji) make arrangements satisfactory to HUD, in its sole discretion, for use of an entity other than the Grantee to carry out activities assisted under the Revitalization Plan.

Consequences of Default. If the Grantee fails to cure all defaults specified in the notice of default within the time periods set forth in paragraph (C)(1) of this Article, or fails to diligently pursue or complete any cure as provided in paragraph (C)(1), HUD may take any of the following remedial actions, upon written notice to the Grantee: (a) require the Grantee, within a time period established by HUD, to prepare a revised Program Schedule, obtain HUD's ’s approval thereto, and follow such revised Program Schedule to complete the activities under the Revitalization PlanGrant Agreement; (b) require the Grantee, within a time period established by HUD, to revise any activity under the Revitalization Plan Grant Agreement in order to successfully complete the activities under the Revitalization Plan Grant Agreement in a manner satisfactory to HUD, including, without limitation, exclusion or revision of affected activities, revision of the HOPE VI Choice Neighborhoods Budget as necessary, and substitution of other eligible activities; (c) require submission of additional documentation before any additional request for funds will be approved; (d) temporarily suspend the Grantee's ’s authority to draw down HOPE VI Choice Neighborhoods Grant funds for affected activities, or at HUD's ’s sole discretion for all activities, for not more than ninety (90) 90 days, pending action to cure the defaults; (e) if, after the 90 days, the default is not cured, then restrict the Grantee's ’s authority to draw down HOPE VI Choice Neighborhoods Grant funds under LOCCS by prohibiting payment or reimbursement for all grant activities or, if more appropriate (in HUD's ’s sole discretion), only for those activities affected by the default, for an unspecified period of time pending final action by HUD; (f) disallow use of HOPE VI Choice Neighborhoods Grant funds for all or part of the cost of the activity or action not in compliance; (g) recover amounts determined by HUD to have been improperly expended, including any property obtained by the Grantee with such grant funds; (h) require reimbursement by the Grantee for HOPE VI Choice Neighborhoods Grant funds determined by HUD to have been improperly expended; (i) require the Grantee to pay monetary fines in an amount determined by HUD. These fines may be in the form of deductions from the HOPE VI grant funds; and (j) make arrangements satisfactory to HUD, in its sole discretion, for use of an entity other than the Grantee to carry out activities assisted under the Revitalization PlanGrant Agreement.

Consequences of Default. If the Grantee fails to cure all defaults specified in the notice of default within the time periods set forth in paragraph (C)(1) of this Article, or fails to diligently pursue or complete any cure as provided in paragraph (C)(1), HUD may take any of the following remedial actions, upon written notice to the Grantee: (a) require the Grantee, within a time period established by HUD, to prepare a revised Program Schedule, obtain HUD's approval thereto, and follow such revised Program Schedule to complete the activities under the Revitalization Plan; (b) require the Grantee, within a time period established by HUD, to revise any activity under the Revitalization Plan in order to successfully complete the activities under the Revitalization Plan in a manner satisfactory to HUD, including, without limitation, exclusion or revision of affected activities, revision of the HOPE VI Budget as necessary, and substitution of other eligible activities; (c) require submission of additional documentation before any additional request for funds will be approved; (d) temporarily suspend the Grantee's authority to draw down HOPE VI Grant funds for affected activities, or at HUD's sole discretion for all activities, for not more than ninety (90) days, pending action to cure the defaults; (e) if, after the 90 days, the default is not cured, then restrict the Grantee's authority to draw down HOPE VI Grant funds under LOCCS by prohibiting payment or reimbursement for all grant activities or, if more appropriate (in HUD's sole discretion), only for those activities affected by the default, for an unspecified period of time pending final action by HUD; (f) disallow use of HOPE VI Grant funds for all or part of the cost of the activity or action not in compliance; (g) recover amounts determined by HUD to have been improperly expended, including any property obtained by the Grantee with such grant funds; (h) ; require reimbursement by the Grantee for HOPE VI Grant funds determined by HUD to have been improperly expended; (i) ; require the Grantee to pay monetary fines in an amount determined by HUD. These fines may be in the form of deductions from the HOPE VI grant funds; and (j) make arrangements satisfactory to HUD, in its sole discretion, for use of an entity other than the Grantee to carry out activities assisted under the Revitalization Plan.