Noncompliance by Project Sponsor Sample Clauses

Noncompliance by Project Sponsor. The member shall recover from the project sponsor and repay to the Bank the amount of any AHP Subsidy (plus interest, if appropriate) or any portion of the AHP Subsidy as may be required by the Bank consistent with applicable Bank policies and procedures, that, as a result of the project sponsor’s actions or omissions, is not used in compliance with the terms of the Application or applicable FHFA regulations; provided, however, that such repayment shall not be required if (i) the noncompliance is cured by the project sponsor within a reasonable period of time as determined by the Bank, (ii) the circumstances of noncompliance are eliminated through a modification of the Application approved by the Bank in accordance with applicable FHFA regulations, or (iii) the member is unable to collect the subsidy after making reasonable efforts to collect it.
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Noncompliance by Project Sponsor. The Member shall recover from the Project Sponsor and repay to the Bank that portion of the Subsidy, plus interest as may be required by the Bank consistent with the Bank’s AHP Policies and Procedures, thatis not used in compliance with the terms of this Agreement, the Application, or the requirements of the AHP Regulations, unless such noncompliance is cured by the Project Sponsor within a reasonable period of time, as determined by the Bank, or the circumstances of such noncompliance are eliminated through an approved modification of the Application in accordance with the applicable provisions of the AHP Regulations and Paragraph 11 hereof. The Member shall not be obligated to the Bank for the return of the amount of the Subsidy that cannot be recovered from the Project Sponsor through reasonable collection efforts by the Member. The Member agrees to report in writing to the Bank the reasonable collection efforts taken by the Member.
Sample 1Sample 2
Noncompliance by Project Sponsor. To the extent not recovered and repaid to the Bank pursuant to paragraph 8(b) above, the project sponsor shall repay directly to the Bank the amount of the AHP Subsidy (plus interest if appropriate) or any portion of the subsidy as may be required by the Bank consistent with applicable Bank policies and procedures, that, as a result of the project sponsor’s actions or omissions, is not used in compliance with the terms of the Application or applicable FHFA regulations; provided, however, that such repayment shall not be required if (i) the noncompliance is cured by the project sponsor within a reasonable period of time as determined by the Bank, or (ii) the circumstances of are eliminated through a modification of the Application approved by the Bank in accordance with applicable FHFA regulations.
Sample 1
Noncompliance by Project Sponsor. The Member shall recover from the Project Sponsor and repay to the Bank that portion of the Subsidy, plus interest as may be required by the Bank consistent with the Bank’s AHP Policies and Procedures, that as a result of the Project Sponsor’s actions or omissions is not used in compliance with the terms of this Agreement, the Application, or the requirements of the AHP Regulations, unless such noncompliance is cured by the Project Sponsor within a reasonable period of time, as determined by the Bank, or the circumstances of such noncompliance are eliminated through an approved modification of the Application in accordance with the applicable provisions of the AHP Regulations and Paragraph 11 hereof. For purposes of this Paragraph 15(a)(2), where the obligation to repay the Subsidy arises solely as a result of the Project Sponsor’s actions or omissions, the Member shall not be obligated to the Bank for the return of the amount of the Subsidy that cannot be recovered from the Project Sponsor through reasonable collection efforts by the Member. The Member agrees to report in writing to the Bank the reasonable collection efforts taken by the Member.
Sample 1

Related to Noncompliance by Project Sponsor

  • HIPAA Compliance If this Contract involves services, activities or products subject to the Health Insurance Portability and Accountability Act of 1996 (HIPAA), the Contractor covenants that it will appropriately safeguard Protected Health Information (defined in 45 CFR 160.103), and agrees that it is subject to, and shall comply with, the provisions of 45 CFR 164 Subpart E regarding use and disclosure of Protected Health Information.

  • Noncompliance Standards The AGENCY shall be responsible for adhering to all terms and conditions of this Contract. Noncompliance may result in penalties as stipulated in Attachment “C”.

  • CEQA Compliance The District has complied with all assessment requirements imposed upon it by the California Environmental Quality Act (Public Resource Code Section 21000 et seq. (“CEQA”) in connection with the Project, and no further environmental review of the Project is necessary pursuant to CEQA before the construction of the Project may commence.

  • Non-Compliance Any Products or Services that are not in conformity with the requirements of an Order (“Non-Complying Products” and “Non-Complying Services”, respectively), may be returned at DXC’s option at Supplier’s risk and expense. DXC may procure similar Products or Services in substitution for the Non-Complying Products or Services, and Supplier shall refund the cost of the Non-Complying Products and Service and reimburse DXC upon demand for all additional costs incurred by DXC.

  • Noncompliance Except as otherwise provided for in Sections 10.1, 10.3 and 10.5(b), (a) failure or neglect of any Borrower or any Guarantor or any Person to perform, keep or observe any term, provision, condition, covenant herein contained, or contained in any Other Document or any other agreement or arrangement, now or hereafter entered into between any Borrower or any Guarantor or such Person, and Agent or any Lender, or (b) failure or neglect of any Borrower to perform, keep or observe any term, provision, condition or covenant, contained in Sections 4.6, 4.7, 4.9, 6.1, 6.3, 6.4, 9.4 or 9.6 hereof which is not cured within twenty (20) days from the occurrence of such failure or neglect;

  • Permit Compliance Such Party fails to obtain and maintain in full force and effect any Permit (other than the Regulatory Approval) necessary for such Party to perform its obligations under this Agreement.

  • Program Compliance The School Board shall be responsible for monitoring the program to provide technical assistance and to ensure program compliance.

  • PCI Compliance A. The Acquiring Bank will provide The Merchant with appropriate training on PCI PED and/or DSS rules and regulations in respect of The Merchants obligations. Initial training will be provided and at appropriate intervals as and when relevant changes are made to such rules and regulations.

  • FERPA Compliance In connection with all FERPA Records that Contractor may create, receive or maintain on behalf of University pursuant to the Underlying Agreement, Contractor is designated as a University Official with a legitimate educational interest in and with respect to such FERPA Records, only to the extent to which Contractor (a) is required to create, receive or maintain FERPA Records to carry out the Underlying Agreement, and (b) understands and agrees to all of the following terms and conditions without reservation:

  • DBE/HUB Compliance The Engineer’s subcontracting program shall comply with the requirements of Attachment H of the contract (DBE/HUB Requirements).

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