No Recourse Provision Sample Clauses

No Recourse Provision. (a) In the event HUD cancels the Cooperative Agreement with the Grantee or the Grantee cancels the Rental Assistance Contract in accordance with the provisions of the RAC, the Owner agrees that it shall have no financial or legal recourse against the Grantee. Name of Owner (Print) __________________________________________________________ _ _____________________________________________________________________________________________ By: __ Signature of authorized representative Name (Print) Official Title (Print) Date: Grantee By: Signature of authorized representative Name (Print) Official Title (Print) Date: Number of Assisted Units Number of Bedrooms Contract Rent Utility Allowance Gross Rent Maximum Annual Contract Commitment (Number of Assisted Units x Gross Rent) Total Maximum Annual Contract Commitment2: Total Number of Assisted Units: Total Number of Non-Assisted Units Restricted to Persons with Disabilities: Expiration Date of the Unit Restriction above, if applicable: This Exhibit was amended on (date) by (Legal Name of Owner) and (Grantee) to be EFFECTIVE on . Owner Signature: Print Name: Grantee Signature: Print Name: Total Number of Units at the Property (Assisted + Non-Assisted): Percent of Assisted Units and other Units Restricted to Persons with Disabilities at the Property3: 1 This Exhibit must be completed and attached to the Contract at the time the Agreement is executed. It may, however, be amended in accordance with program rules.
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No Recourse Provision. (a) In the event HUD cancels the Cooperative Agreement with the Grantee or the Grantee cancels the Rental Assistance Contract in accordance with the provisions of the RAC, the Owner agrees that it shall have no financial or legal recourse against the Grantee. Name of Owner (Print) By: Signature of authorized representative Name (Print) Official Title (Print) Date: Grantee By: Signature of authorized representative Name (Print) Official Title (Print) Date: Number of Assisted Units Number of Bedrooms Contract Rent Utility Allowance Gross Rent Maximum Annual Contract Commitment (Number of Assisted Units x Gross Rent) Total Maximum Annual Contract Commitment2: Total Number of Assisted Units: Percent of Assisted Units and other Units Restricted to Persons with Disabilities at the Property3 Instructions: This signature box should only be signed by the Owner and Grantee if the schedule of units needs an amendment. This Exhibit was amended on (date) by (Legal Name of Owner) and Pennsylvania Housing Finance Agency (Grantee) to be EFFECTIVE on . Owner Signature: Print Name: Grantee Signature: Print Name: 1 This Exhibit must be completed and attached to the Contract at the time the Agreement is executed. It may, however, be amended in accordance with program rules.‌
Sample 1
No Recourse Provision. (a) In the event HUD cancels the Cooperative Agreement with the Grantee or the Grantee cancels the Rental Assistance Contract in accordance with the provisions of the RAC, the Owner agrees that it shall have no financial or legal recourse against the Grantee. Name of Owner (Print) __________________________________________________________ _ _____________________________________________________________________________________________ By: __ Signature of authorized representative Name (Print) Official Title (Print) Date: Grantee By: Signature of authorized representative Name (Print) Official Title (Print) Date: Schedule of Assisted Units and Contract Rents 1 Bedroom Type Number of Assisted Units Contract Rent Utility Allowance Gross Rent Maximum Annual Contract Commitment (Number of Assisted Units x Gross Rent) Total Maximum Annual Contract Commitment 2: Total Number of Assisted Units: Total Number of Non-Assisted Units Restricted to Persons with Disabilities: Expiration Date of the Unit Restriction above, if applicable: 1 This Exhibit must be completed and attached to the Contract at the time the Agreement is executed. It may, however, be amended in accordance with program rules..
Sample 1

Related to No Recourse Provision

  • No Recourse Each Certificateholder by accepting a Certificate acknowledges that such Certificateholder's Certificates represent beneficial interests in the Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Owner Trustee, the Indenture Trustee, the Certificate Registrar, the Certificate Paying Agent or any Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Trust Agreement, the Certificates or the Basic Documents.

  • No Recourse Against Others A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Securityholder by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Securities.

  • No Recourse Against Certain Persons No recourse shall be had for the payment of any principal, interest or any other sums at any time owing under the terms of this Note, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against the Nonrecourse Parties, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such personal liability being, by the acceptance hereof and as part of the consideration for issue hereof, expressly waived and released.

  • Covenant The Transfer Agent and the Customer agree that they will not, at any time during the term of this Agreement or after its termination, reveal, divulge, or make known to any person, firm, corporation or other business organization, any customers' lists, trade secrets, cost figures and projections, profit figures and projections, or any other secret or confidential information whatsoever, whether of the Transfer Agent or of the Customer, used or gained by the Transfer Agent or the Customer during performance under this Agreement. The Customer and the Transfer Agent further covenant and agree to retain all such knowledge and information acquired during and after the term of this Agreement respecting such lists, trade secrets, or any secret or confidential information whatsoever in trust for the sole benefit of the Transfer Agent or the Customer and their successors and assigns. The above prohibition of disclosure shall not apply to the extent that the Transfer Agent must disclose such data to its sub-contractor or agent for purposes of providing services under this Agreement.

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