County Loan Amount Sample Clauses

County Loan Amount. Recital D of the Loan Agreement is deleted in its entirety and replaced with the following:
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County Loan Amount. Recital D of the County Regulatory Agreement is deleted in its entirety and replaced with the following: "D. Pursuant to a Development Loan Agreement dated October 1, 2020, between County and Borrower as amended by a First Modification Agreement, as such may be further amended from time to time (the "Loan Agreement"), the County is lending Borrower Two Million Two Hundred Thousand Four Hundred Dollars ($2,200,400) of HOME Funds and Four Hundred Thousand Dollars ($400,000) of HOPWA Funds, totaling Two Million Six Hundred Thousand Four Hundred Dollars ($2,600,400) (the "County Loan") to assist in the construction of the Development. The HOME Funds have been set aside for entities designated as a Community Housing Development Organization ("CHDO") as defined in 24 C.F.R. 92.2."

Related to County Loan Amount

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