Common use of Owner Request for HUD Determination of Default Clause in Contracts

Owner Request for HUD Determination of Default. If the Owner believes that an event as specified in paragraph (a)(1) has occurred, and the Owner is not in default, the Owner may, within 30 days of the initial occurrence of the event: (i) Notify HUD of the occurrence of the event; (ii) Provide supporting evidence of the default and of the fact that the Owner is not in default; and (iii) Request HUD to determine whether there has been a default.

Appears in 14 contracts

Samples: Housing Assistance Payments Contract, Rental Assistance Contract, Housing Assistance Payments Contract

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Owner Request for HUD Determination of Default. If the Owner believes that an event as specified in paragraph (a)(1) of this section has occurred, and the Owner is not in default, the Owner may, within 30 days of the initial occurrence of the event: (i) 1. Notify HUD of the occurrence of the event; (ii) 2. Provide supporting evidence of the default and of the fact that the Owner is not in default; and (iii) 3. Request HUD to determine whether there has been a default.

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)

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Owner Request for HUD Determination of Default. If the Owner believes that an event as specified in paragraph para- graph (a)(1) has occurred, and the Owner is not in default, the Owner may, within 30 days of the initial occurrence of the event: (i) Notify HUD of the occurrence of the event; (ii) Provide supporting evidence of the default and of the fact that the Owner is not in default; and (iii) Request HUD to determine whether there has been a default.

Appears in 1 contract

Samples: Housing Assistance Payments Contract

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