Refinancing; Additional Liens. The Affordable Owner shall not refinance any existing deed of trust, or place a new lien against the Affordable Unit, unless: (i) District has had at least ten (10) Business Days to review all loan documentation prior to the selected date of closing, (ii) they have obtained the prior written approval and confirmation of the Maximum Resale Price by the District, and (iii) the amount being secured individually or in the aggregate with all other existing debts secured by the Affordable Unit does not exceed the Maximum Resale Price.
Appears in 5 contracts
Samples: Affordable Housing Covenant, Affordable Housing Covenant, Affordable Housing Covenant
