RD Regulations Sample Clauses

RD Regulations. Notwithstanding any other provisions of this Agreement, the following will take precedence: (a) The Partnership is authorized to execute any documents required by RD in connection with the RD Loan Agreement. The General Partner hereby covenants to act in accordance with the Project Documents. Any incoming General Partner shall, as a condition of receiving a Partnership interest, agree to be bound by the Project Documents, and all other documents executed in connection with the RD Loan Agreement to the same extent and on the same terms as any other General Partner. Upon any dissolution, no title or right to possession and control of the Project, and no right to collect the rents therefrom, shall pass to any Person who is not bound in a manner consistent with Section 515 of the Housing Act and the rules and regulations thereunder. (b) In the event that any provision of this Agreement in any way tends to contradict, modify or in any way change the terms of the Project Documents or any other agreement related to the Project entered into, or to be entered into, by or on behalf of the Partnership with RD, the terms of the Project Documents or such other agreements with RD shall prevail and govern. (c) Any amendment or revision of this Agreement, transfer of a Partnership interest or other action requiring approval shall be subject to the written approval of RD, if such approval is required, and any amendment without the prior written approval of RD shall be subject to later amendment to comply with the requirements of RD; provided, however, that no such approval of RD shall be required for any amendment of this Agreement the sole purpose of which is to provide for the admission of additional or substituted limited partners so long as any such additional or substituted limited partner so admitted shall own in the aggregate less than a 10% limited partner interest in the Partnership. (d) Any conveyance or transfer of title to all or any portion of the Project required or permitted under this Agreement shall in all respects be subject to all conditions, approvals and other requirements of RD rules and regulations applicable thereto. (e) The General Partner will at all times maintain the RD required Financial Interest in the Partnership. The foregoing paragraphs (a), (b), (c), (d), and (e) will automatically become void and of no further force and effect with respect to RD at such time as the Mortgage is no longer being provided by RD.
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RD Regulations. The USDA Rural Development (RD) is the agency that has (1) provided low interest financing to construct the apartment property and (2) in some cases provided rental assistance to financially assist very low- and low-income tenants. Southridge Apts., Inc., in return for the low interest financing and in some cases a commitment of rental assistance, has agreed to operate the apartment property in compliance with RD's regulations. In addition, each tenant also makes a similar commitment to follow the RD regulations in order to enjoy (1) the subsidized basic rental rate, and/or (2) the benefits of rental assistance. Tenants must meet eligibility requirements for initial tenancy in the apartment property as well as meeting continued eligibility for continued tenancy.
Sample 1

Related to RD Regulations

  • Export Regulations Licensee agrees and accepts that Software may be subject to import and export laws of any country, including those of the European Union and United States (specifically the Export Administration Regulations (EAR)). Licensee acknowledges that it is not a citizen, national, or resident of, and is not under control of the governments of Cuba, Iran, North Korea, Sudan or Syria and is not otherwise a restricted end-user as defined by applicable export control laws. Further, Licensee acknowledges that it will not download or otherwise export or re-export Software or any related technical data directly or indirectly to the above-mentioned countries or to citizens, nationals, or residents of those countries, or to any other restricted end user or for any restricted end-use.

  • Market Regulations The Company shall notify the Commission, the Principal Market and applicable state authorities, in accordance with their requirements, of the transactions contemplated by this Agreement, and shall take all other necessary action and proceedings as may be required and permitted by applicable law, rule and regulation, for the legal and valid issuance of the Securities to the Subscribers and promptly provide copies thereof to Subscriber.

  • Federal Reserve Board Regulations None of the Loan Parties is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purposes of “purchasing” or “carrying” any “Margin Stock” within the respective meanings of such terms under Regulations U, T and X of the Board. No part of the proceeds of the Loans will be used for “purchasing” or “carrying” “Margin Stock” as so defined for any purpose which violates, or which would be inconsistent with, the provisions of, any applicable laws or regulations of any Governmental Authority (including, without limitation, the Regulations of the Board).

  • CODES AND REGULATIONS The Contractor shall strictly comply with all Federal, State and local codes and regulations.

  • Export Regulation You acknowledge that the Licensed Software and related technical data and services (collectively "Controlled Technology") are subject to the import and export laws of the United States, specifically the U.S. Export Administration Regulations (EAR), and the laws of any country where Controlled Technology is imported or re-exported. You agree to comply with all relevant laws and will not to export any Controlled Technology in contravention to U.S. law nor to any prohibited country, entity, or person for which an export license or other governmental approval is required. All Symantec products, including the Controlled Technology are prohibited for export or re-export to Cuba, North Korea, Iran, Syria and Sudan and to any country subject to relevant trade sanctions. You hereby agree that You will not export or sell any Controlled Technology for use in connection with chemical, biological, or nuclear weapons, or missiles, drones or space launch vehicles capable of delivering such weapons.

  • Fire Regulations All Exhibitors must comply with the regulations of the local authority and applicable law as they relate to the design and construction of Exhibition stands, and the use of suitably fireproofed materials.

  • Federal Regulations No part of the proceeds of any Loans will be used for "purchasing" or "carrying" any "margin stock" within the respective meanings of each of the quoted terms under Regulation U as now and from time to time hereafter in effect or for any purpose that violates the provisions of the Regulations of the Board. If requested by any Lender or the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form G-3 or FR Form U-1 referred to in Regulation U.

  • Technical Regulations 1. The rights and obligations of the Parties in respect of technical regulations, standards and conformity assessment shall be governed by the WTO Agreement on Technical Barriers to Trade. 2. The Parties shall strengthen their co-operation in the field of technical regulations, standards and conformity assessment, with a view to increasing the mutual understanding of their respective systems and facilitating access to their respective markets.

  • Exchange Act Compliance; Regulations T, U and X None of the transactions contemplated herein or in the other Transaction Documents (including, without limitation, the use of proceeds from the sale of the Collateral Portfolio) will violate or result in a violation of Section 7 of the Exchange Act, or any regulations issued pursuant thereto, including, without limitation, Regulations T, U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R., Chapter II. The Borrower does not own or intend to carry or purchase, and no proceeds from the Advances will be used to carry or purchase, any “margin stock” within the meaning of Regulation U or to extend “purpose credit” within the meaning of Regulation U.

  • FCC Regulations The unstayed, effective regulations promulgated by the FCC, as amended from time to time.

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