Common use of SUBORDINATION OF AGREEMENT Clause in Contracts

SUBORDINATION OF AGREEMENT. This Agreement and the restrictions hereunder are subordinate to the loans and loan documents, if any, on the Project except insofar as Section 42(h)(6)(E)(ii) of the Code requires otherwise (relating to the three-year period of eviction and rent restrictions in accordance with Section 42(h)(6)(E)(ii) of the Code and Section 6(d) hereof following the early termination of the Extended Use Period in accordance with Section 6(c) hereof).

Appears in 7 contracts

Samples: www.stpaul.gov, www.stpaul.gov, www.stpaul.gov

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SUBORDINATION OF AGREEMENT. This Agreement and the restrictions hereunder are subordinate to the loans and loan documents, if any, on the Project except insofar as Section 42(h)(6)(E)(ii) of the Code requires otherwise (relating to the three-year period of eviction and rent restrictions in accordance with Section 42(h)(6)(E)(ii) of the Code and Section 6(d) hereof following the early termination of the Extended Use Period this Agreement in accordance with Section 6(c) hereof).

Appears in 3 contracts

Samples: www2.minneapolismn.gov, www.stpaul.gov, www2.minneapolismn.gov

SUBORDINATION OF AGREEMENT. This Agreement and the restrictions hereunder are subordinate to the loans and loan documents, if any, on the Project except insofar as Section 42(h)(6)(E)(ii) of the Code requires otherwise (relating to the three-year period of eviction and rent restrictions in accordance with Section 42(h)(6)(E)(ii) of the Code and Section 6(d) hereof following the early termination of the Extended Use Period in accordance with Section 6(c) hereof).

Appears in 3 contracts

Samples: www.novoco.com, www.mnhousing.gov, www.mnhousing.gov

SUBORDINATION OF AGREEMENT. This Agreement and the restrictions hereunder are subordinate to the loans and loan documents, if any, on the Project except insofar as Section 42(h)(6)(E)(ii) of the Code IRC requires otherwise (relating to the three-year period of eviction and rent restrictions in accordance with Section 42(h)(6)(E)(ii) of the Code and Section 6(d) hereof following the early termination of the Extended Use Period in accordance with Section 6(c) hereof)).

Appears in 1 contract

Samples: Agreement

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SUBORDINATION OF AGREEMENT. This Agreement and the restrictions hereunder are subordinate to the loans and loan documents, if any, on the Project except insofar as Section 42(h)(6)(E)(ii) of the Code requires otherwise (relating to the three-year period of eviction and rent restrictions in accordance with Section 42(h)(6)(E)(ii) of the Code and Section 6(d) hereof following the early termination of the Extended Use Period in accordance with Section 6(c) hereof)).

Appears in 1 contract

Samples: www.mnhousing.gov

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