Representation or Warranty Incorrect. If any Borrower representation or warranty contained in this Agreement, or in any application, financial statement, certificate, or report submitted to the County in connection with any of the Loan Documents, proves to have been incorrect in any material respect when made.
Representation or Warranty Incorrect. If any Developer representation or warranty contained in this Agreement, or in any application, financial statement, certificate, or report submitted to the County in connection with any of the County Documents, proves to have been incorrect in any material respect when made.
Representation or Warranty Incorrect. Any Borrower representation or warranty contained in this Agreement, the AHIF Loan Documents, or in any application, financial statement, certificate, or report submitted to the County in connection with this Agreement or any of the AHIF Loan Documents, which is incorrect in any material and adverse respect when made and continues to be materially adverse to the County Board.
Representation or Warranty Incorrect. Any Borrower representation or warranty contained in this Agreement, or in any application, financial statement, certificate, or report submitted to the County in connection with any of the Loan Documents, proving to have been incorrect in any material respect when made. After issuance of the certificates of occupancy for the Development, Default may be declared under this subsection only if the failure of representation or warranty also has a material adverse effect on the operation of the Development.
Representation or Warranty Incorrect. Any DEVELOPER representation or warranty contained in this Agreement, or in any application, financial statement, certificate, or report submitted to the CITY in connection with this Agreement, proving to have been incorrect in any material respect when made. After issuance of the certificates of occupancy for the Project, Default may be declared under this subsection only if the failure of representation or warranty also has a material adverse effect on the operation of the Project.
Representation or Warranty Incorrect. Any Grantee representation or warranty contained in this Agreement, or in any application, financial statement, certificate, or report submitted to the County in connection with any of the Grant Documents, proving to have been incorrect in any material respect when made. Default may be declared under this subsection only if the failure of representation or warranty has a material adverse effect on the rental of the Units in compliance with the Grant Documents. If the Grantee is a limited partnership or limited liability company, then the occurrence of any of the events set forth in subsections (c), (d), or (e) by the Grantee’s general partner or managing member, as applicable, shall also constitute a Default under this Agreement.
Representation or Warranty Incorrect. Any Grantee representation or warranty contained in this Agreement, or in any application, financial statement, certificate, or report submitted to the Town in connection with any of the Grant Documents, proves to have been incorrect in any material respect when made.
Representation or Warranty Incorrect. Any Borrower representation or warranty contained in this Agreement, or in any application, financial statement, certificate, or report submitted to the Authority in connection with any of the Loan Documents, proving to have been knowingly incorrect in any material respect when made. After completion of the Improvements, Default may be declared under this subsection only if the failure of representation or warranty also has a material adverse effect on the operation of the Project.
Representation or Warranty Incorrect. Any representation or warranty of a Developer, respectively, contained in this Agreement, or in any application, financial statement, certificate, or report submitted to the Commission in connection with this Agreement or any related documents, proves to have been incorrect in any material and adverse respect when made and which default cannot be cured within thirty (30) days after receipt of written notice thereof from the Commission to the Developers. Upon the following above-described events , the Commission must first notify the Developer in writing of its purported breach or failure, giving the Developer forty-five (45) days from receipt of such notice to cure or, if cure cannot be accomplished within forty-five (45) days, to commence to cure such breach, failure, or act. In the event the Developer does not then so cure within said forty- five (45) days, or if the breach or failure is of such a nature that it cannot be cured within forty-five (45) days, the Developer fails to commence to cure within such forty-five (45) days and thereafter diligently complete such cure within a reasonable time thereafter but in no event later than one hundred twenty (120) days, then the Commission will be afforded all of its rights at law or in equity, by taking all or any of the remedies set forth in this Article 15. Notwithstanding anything to the contrary contained herein, once the conveyance of a particular Developer Parcel occurs in accordance with the terms of this Agreement (each, a "Transferred Phase"), in no event shall any Event of Default under this Section 15.2 be triggered by or apply to such Transferred Phase. (m)
Representation or Warranty Incorrect. Any Authority representation or warranty contained in this Agreement is materially incorrect.
