Common use of Regulatory Agreements Clause in Contracts

Regulatory Agreements. It is the intention of the Comprehensive Permit that the Project would, in perpetuity and without interruption, be subject to a suitable regulatory agreement consistent with the Comprehensive Permit governing the low or moderate income housing (the “Affordable Units”) in the Project. For so long as the Subsidizing Agency Agreements are in effect, the Subsidizing Agency Agreements satisfy in full the requirements set forth in Conditions 32 and 33 for a regulatory agreement. From and immediately after the expiration or termination of the Subsidizing Agency Agreements, an agreement shall be entered containing the terms of this exhibit to satisfy the requirements of Conditions 32 and 33 of the Comprehensive Permit (the

Regulatory Agreements. It is the intention of the Comprehensive Permit that the Project would, in perpetuity and without interruption, be subject to a suitable regulatory agreement consistent with the Comprehensive Permit governing the low or moderate income housing (the “Affordable Units”) in the Project. For so long as the Subsidizing Agency Agreements are in effect, the Subsidizing Agency Agreements satisfy in full the requirements set forth in Conditions 32 34 and 33 35 for a regulatory agreement. From and immediately after the expiration or termination of the Subsidizing Agency Agreements, an agreement shall be entered containing the terms of this exhibit to satisfy the requirements of Conditions 32 34 and 33 35 of the Comprehensive Permit (the

Regulatory Agreements. It is the intention of the Comprehensive Permit that the Project would, in perpetuity and without interruption, be subject to a suitable regulatory agreement consistent with the Comprehensive Permit governing the low or moderate income housing (the “Affordable Units”) in the Project. For so long as the Subsidizing Agency Agreements are in effect, the Subsidizing Agency Agreements satisfy in full the requirements set forth in Conditions 32 34 42 and 33 35 43 for a regulatory agreement. From and immediately after the expiration or termination of the Subsidizing Agency Agreements, an agreement shall be entered containing the terms of this exhibit to satisfy the requirements of Conditions 32 34 42 and 33 35 43 of the Comprehensive Permit (thethe “Town Regulatory Agreement”).