HUD Rights. 1. Notwithstanding any other provisions of this SPRAC, in the event HUD determines that the Owner is in default of its obligations under this SPRAC, HUD shall have the right, after notice to the Owner, the trustee, if any, and the PHA (where the CA is a PHA) giving them a reasonable opportunity to take corrective action, to proceed in accordance with paragraph (b)(3) of this Section.
Appears in 3 contracts
Samples: Senior Preservation Rental Assistance Contract (Sprac Ii), Senior Preservation Rental Assistance Contract (Sprac Ii), Senior Preservation Rental Assistance Contract (Sprac Ii)
