Common use of Repayment Obligations Clause in Contracts

Repayment Obligations. The repayment obligations, if any, of the Member or the Project Sponsor, as the case may be, under this Agreement shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, the AHP Regulations, and the Bank’s AHP Policies and Procedures under all circumstances, including the following circumstances: (i) any lack of validity or enforce-ability of any of the loan documents or other agreements relating to the Project, including any other agreement between the Member and the Project Sponsor pertaining to the Project (the “Related Documents”), or (ii) any amendment or waiver of or any consent to or departure from all or any of the Related Documents.

Appears in 3 contracts

Samples: Affordable Housing Program Direct Subsidy Agreement, Affordable Housing Program Direct Subsidy Agreement, Affordable Housing Program Direct Subsidy Agreement

AutoNDA by SimpleDocs

Repayment Obligations. The repayment obligations, if any, of the Member or the Project Sponsor, as the case may be, under this Agreement shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, the AHP Regulations, and the Bank’s AHP Policies and Procedures under all circumstances, including the following circumstances: (i) any lack of validity or enforce-ability enforceability of any of the loan documents or other agreements relating to the Project, including any other agreement between the Member and the Project Sponsor pertaining to the Project (the “Related Documents”), or (ii) any amendment or waiver of or any consent to or departure from all or any of the Related Documents.

Appears in 2 contracts

Samples: Affordable Housing Program Direct Subsidy Agreement, Affordable Housing Program Direct Subsidy Agreement

Repayment Obligations. The repayment obligations, if any, of the Member or the Project SponsorOwner, as the case may be, under this Agreement shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of and procedures specified in this Agreement, the AHP Regulations, Regulations and the Bank’s AHP Policies and Procedures under all circumstances, including the following circumstancesfollowing: (i) any lack of validity or enforce-ability enforceability of any of the loan documents or other agreements relating to the Project, including any other agreement between the Member and the Project Sponsor Owner pertaining to the Project (the “Related Documents”), ) or (ii) any amendment or waiver of or any consent to or departure from all or any of the Related Documents.

Appears in 1 contract

Samples: Affordable Housing Program Direct Subsidy Agreement

AutoNDA by SimpleDocs

Repayment Obligations. The repayment obligations, if any, of the Member or the Project SponsorOwner, as the case may be, under this Agreement shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of and procedures specified in this Agreement, the AHP Regulations, Agreement and the Bank’s AHP Initiative Policies and Procedures under all circumstances, including the following circumstancesfollowing: (i) any lack of validity or enforce-ability enforceability of any of the loan documents or other agreements relating to the Project, including any other agreement between the Member and the Project Sponsor Owner pertaining to the Project (the “Related Documents”), ) or (ii) any amendment or waiver of or any consent to or departure from all or any of the Related Documents.

Appears in 1 contract

Samples: Voluntary Housing Grant Initiative Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!