County Regulatory Agreement. The County and Borrower are entering into this HOME Regulatory Agreement concurrently with the County Regulatory Agreement. The County Regulatory Agreement as it applies to the HOME-Assisted Units will be in effect for fifty-five (55) years from the Completion Date which term overlaps with but is longer than the HOME Term. Compliance with the terms of this HOME Regulatory Agreement will be deemed compliance with the County Regulatory Agreement during the HOME Term as it applies to the HOME-Assisted Units. In the event of a conflict between this HOME Regulatory Agreement and the County Regulatory Agreement during the HOME Term as it applies to the HOME- Assisted Units, the terms of this HOME Regulatory Agreement will prevail.
County Regulatory Agreement. The County and Borrower are entering into this HOME/HOPWA Regulatory Agreement concurrently with the County Regulatory Agreement. The County Regulatory Agreement as it applies to the HOME/HOPWA-Assisted Units will be in effect for fifty-five (55) years from the Completion Date which term overlaps with but is longer than the HOME Term. Compliance with the terms of this HOME/HOPWA Regulatory Agreement will be deemed compliance with the County Regulatory Agreement during the HOME Term as it applies to the HOME/HOPWA-Assisted Units. In the event of a conflict between this HOME/HOPWA Regulatory Agreement and the County Regulatory Agreement during the HOME Term as it applies to the HOME/HOPWA-Assisted Units, the terms of this HOME/HOPWA Regulatory Agreement will prevail.
County Regulatory Agreement. The County and Lessee are parties to that certain County of San Diego Memorandum of Restrictive Covenants and Regulatory Agreement recorded substantially concurrently with the execution of this Lease, which requires that the Premises be used for housing affordable to low- and very low-income households and other uses as specified (the “County Regulatory Agreement”).
County Regulatory Agreement. The County and Borrower are entering into this County Regulatory Agreement concurrently with the HOME Regulatory Agreement. This County Regulatory Agreement applies to all the County-Assisted Units including the HOME- Assisted Units. The HOME Regulatory Agreement applies only to the HOME-Assisted Units and includes HOME requirements applicable to the use of HOME Funds. The HOME Regulatory Agreement will be in effect for the HOME Term. Compliance with the terms of the HOME Regulatory Agreement will be deemed compliance with this County Regulatory Agreement during the HOME Term as it applies to the HOME-Assisted Units. In the event of a conflict between the HOME Regulatory Agreement and this County Regulatory Agreement during the HOME Term as it applies to the HOME-Assisted Units, the terms of the HOME Regulatory Agreement will prevail.
County Regulatory Agreement. Section 1.1(y) of the Loan Agreement is deleted in its entirety and replaced with the following:
County Regulatory Agreement. The County and Borrower are entering into this County Regulatory Agreement concurrently with the HOME Regulatory Agreement. This County Regulatory Agreement applies to all the County- Assisted Units including the HOME-Assisted Units and the HOPWA-Assisted Units. The HOME Regulatory Agreement includes HOME requirements applicable to the use of HOME Funds and will be in effect for the HOME Term. The HOPWA Regulatory Agreement includes HOPWA requirements applicable to the use of HOPWA Funds and will be in effect for the HOPWA Term and Remainder Term. Compliance with the terms of the HOME Regulatory Agreement will be deemed compliance with this County Regulatory Agreement during the HOME Term. Compliance with the terms of the HOPWA Regulatory Agreement will be deemed compliance with this County Regulatory Agreement during the HOPWA Term and the Remainder Term. In the event of a conflict between the HOME Regulatory Agreement and this County Regulatory Agreement during the HOME Term, the terms of the HOME Regulatory Agreement will prevail. In the event of a conflict between the HOPWA Regulatory Agreement and this County Regulatory Agreement during the HOPWA Term and the Remainder Term, the terms of the HOPWA Regulatory Agreement will prevail."
County Regulatory Agreement. The County and Borrower are entering into this County Regulatory Agreement concurrently with the HOME/HOPWA Regulatory Agreement. The HOME/HOPWA Regulatory Agreement as it applies to the County-Assisted Units will be in effect for the HOME Term and include HOME and requirements applicable to the use of HOME Funds and HOPWA requirements applicable to the use of the HOPWA Funds. Compliance with the terms of the HOME/HOPWA Regulatory Agreement will be deemed compliance with this County Regulatory Agreement during the HOME Term. In the event of a conflict between the HOME/HOPWA Regulatory Agreement and this County Regulatory Agreement during the HOME Term, the terms of the HOME/HOPWA Regulatory Agreement will prevail.
County Regulatory Agreement. The County and Borrower are entering into this County Regulatory Agreement concurrently with the HOME Regulatory Agreement. This County Regulatory Agreement applies to all the County-Assisted Units including the HOME- Assisted Units. The HOME Regulatory Agreement includes HOME requirements applicable to the use of HOME Funds and will be in effect for the HOME Term. Compliance with the terms of the HOME Regulatory Agreement will be deemed compliance with this County Regulatory Agreement during the HOME Term. In the event of a conflict between the HOME Regulatory Agreement and this County Regulatory Agreement during the HOME Term, the terms of the HOME Regulatory Agreement will prevail.
County Regulatory Agreement. The County and Borrower are entering into this HOPWA Regulatory Agreement concurrently with the modification of the County Regulatory Agreement and the modification of the HOME Regulatory Agreement. The County Regulatory Agreement as it applies to the HOPWA-Assisted Units will be in effect for fifty-five (55) years from the Completion Date which term overlaps with but is longer than the HOPWA Term. Compliance with the terms of this HOPWA Regulatory Agreement will be deemed compliance with the County Regulatory Agreement during the HOPWA Term and Remainder Term as it applies to the HOPWA-Assisted Units. In the event of a conflict between this HOPWA Regulatory Agreement and the County Regulatory Agreement during the HOPWA Term and Remainder Term as it applies to the HOPWA-Assisted Units, the terms of this HOPWA Regulatory Agreement will prevail.
County Regulatory Agreement. The County and Borrower are entering into this HOME/CDBG Regulatory Agreement concurrently with the County Regulatory Agreement. The County Regulatory Agreement as it applies to the HOME/CDBG-Assisted Units will be in effect for fifty-five (55) years from the Completion Date which term overlaps with but is longer than the HOME Term. Compliance with the terms of this HOME/CDBG Regulatory Agreement will be deemed compliance with the County Regulatory Agreement during the HOME Term as it applies to the HOME/CDBG-Assisted Units. In the event of a conflict between this HOME/CDBG Regulatory Agreement and the County Regulatory Agreement during the HOME Term as it applies to the HOME/CDBG-Assisted Units, the terms of this HOME/CDBG Regulatory Agreement will prevail.
