Common use of RIGHTS OF HUD Clause in Contracts

RIGHTS OF HUD. Operator and Lender hereby agree that HUD shall be an additional secured party under this Agreement together with Xxxxxx, as their interests may appear, and that HUD shall be listed on the UCC financing statements to be filed contemporaneously herewith; provided, however, that nothing herein or in the UCC financing statements shall require the execution, now or at any future time, of any amendment, extension, or other document by HUD. To the extent any party herein is required or desires to give notice to HUD hereunder, such notice shall be delivered in accordance with the provisions hereof, as follows: U.S. Department of Housing and Urban Development, c/o Office of Residential Care Facilities, 000 0xx Xxxxxx X.X., Xxxxxxxxxx, XX 00000. RIDER TO OPERATOR SECURITY AGREEMENT. [Include this section if the Operator is unrelated to the Borrower and it is otherwise applicable.] A Rider to Operator Security Agreement is attached hereto. The terms of the Rider are incorporated by reference into this Agreement as if set forth in full at this point.

RIGHTS OF HUD. Operator and Lender hereby agree that HUD shall be an additional secured lendersecured party under this Agreement together with Xxxxxx, as their interests may appear, and that HUD shall be listed on the UCC financing statements to be filed contemporaneously herewith; provided, however, that nothing herein or in the UCC financing statements shall require the execution, now or at any future time, of any amendment, extension, or other document by HUD. To the extent any party herein is required or desires to give notice to HUD hereunder, such notice shall be delivered in accordance with the provisions hereof, as follows: U.S. Department of Housing and Urban Development, c/o Office of Residential Care Facilities, 000 0xx Xxxxxx X.X., Xxxxxxxxxx, XX 00000. RIDER TO OPERATOR SECURITY AGREEMENT. [Include this section if the Operator is unrelated to the Borrower and it is otherwise applicable.] A Rider to Operator Security Agreement is attached hereto. The terms of the Rider are incorporated by reference into this Agreement as if set forth in full at this point.