Common use of Layering Review Clause in Contracts

Layering Review. Developer acknowledges that a layering review will be performed in accordance with Federal Program Limitations. In connection with such review Developer acknowledges and agrees it shall be required to represent and certify to Authority that no government assistance other than the Authority Loan has been obtained or is contemplated to be obtained for the acquisition and Rehabilitation of the Site. If such layering review is conducted, Developer agrees to notify Authority in the event that it applies for or proposes to use governmental funds, other than as listed in the previous sentence, for the Site or the Improvements thereto.

Layering Review. Developer acknowledges that a layering review will be performed in accordance with Federal Program Limitations. In connection with such review Developer acknowledges and agrees it shall be required to represent and certify to Authority Agency that no government assistance other than the Authority Agency Loan and the HUD Grant has been obtained or is contemplated to be obtained for the acquisition and Rehabilitation of the Site. If such layering review is conducted, Developer agrees to notify Authority Agency in the event that it applies for or proposes to use governmental funds, other than as listed in the previous sentence, for the Site or the Improvements thereto.

Layering Review. Developer acknowledges that a layering review will be performed in accordance with Federal Program Limitations. In connection with such review Developer acknowledges and agrees it shall be required to represent and certify to Authority that no government assistance other than the Authority HOME Loan, the Tax Credits, the MHSA Loan and/or PBV Assistance, has been obtained or is contemplated to be obtained for the acquisition acquisition, Rehabilitation and Rehabilitation operation of the Site. If such layering review is conducted, Developer agrees to notify Authority in the event that it applies for or proposes to use governmental funds, other than as listed in the previous sentence, for the Site or the Improvements thereto.

Layering Review. Developer acknowledges that a layering review will be has been performed in accordance with Federal Program Limitations. In connection with such review Developer acknowledges and agrees it shall be required to represent and certify to Authority and Agency that no government assistance other than the Authority Agency Loan, the MHP Loan and Project Based Section 8 assistance, or the AHP Loan has been obtained or is contemplated to be obtained for the acquisition and Rehabilitation of the SiteProject. If such layering review is conducted, Developer agrees to notify Authority and Agency in the event that it applies for or proposes to use governmental funds, other than as listed in the previous sentence, for the Site Project or the Improvements improvements thereto.