County - Province. (a) In the event a project ceases to be an SIF-IAH project for reasons related to negligence, misuse or non-compliance, the County shall repay the Province all Provincial Funds advanced during the period of non-compliance. It is acknowledged that where the first mortgagee or CMHC has gained possession, as a result of a default under the insured loan, they would not assume any liability for Provincial Funds paid to the Proponent during the period of non- compliance prior to the date the first mortgagee or CMHC took possession.
Appears in 1 contract
Samples: Contribution Agreement
County - Province. (a) In the event a project ceases to be an SIF-IAH 0000 Xxxxxx Xxxxxxx Community Housing Initiative project for reasons related to negligence, misuse or non-compliance, the County shall repay the Province all Provincial Funds advanced during the period of non-compliance. It is acknowledged that where the first mortgagee or CMHC has gained possession, as a result of a default under the insured loan, they would not assume any liability for Provincial Funds paid to the Proponent during the period of non- non-compliance prior to the date the first mortgagee or CMHC took possession.
Appears in 1 contract
Samples: Contribution Agreement
County - Province. (a) In the event a project ceases to be an SIF-IAH a Social Services Relief Fund Phase 2 project for reasons related to negligence, misuse or non-compliance, the County shall repay the Province all Provincial Funds advanced during the period of non-non- compliance. It is acknowledged that where the first mortgagee or CMHC has gained possession, as a result of a default under the insured loan, they would not assume any liability for Provincial Funds paid to the Proponent during the period of non- non-compliance prior to the date the first mortgagee or CMHC took possession.
Appears in 1 contract
Samples: Contribution Agreement
County - Province. (a) In the event a project ceases to be an SIF-IAH E project for reasons related to negligence, misuse or non-compliance, the County shall repay the Province all Provincial Funds advanced during the period of non-compliance. It is acknowledged that where the first mortgagee or CMHC has gained possession, as a result of a default under the insured loan, they would not assume any liability for Provincial Funds paid to the Proponent during the period of non- non-compliance prior to the date the first mortgagee or CMHC took possession.
Appears in 1 contract
Samples: Contribution Agreement