Termination of the Award. In the event the Property Owner fails to satisfy the conditions precedent set forth in Section 5 hereof (including satisfactorily curing any defect in the Project in accordance with Subsection 7.4 hereof) within one (1) year following the Commencement of Work as defined in Section 4, the Property Owner's right to be paid the Purchase Price or any portion thereof shall automatically terminate.
Appears in 3 contracts
Samples: Exterior Rehabilitation Program Agreement, Exterior Rehabilitation Program Agreement, Program Agreement
Termination of the Award. In the event the Property Owner fails to satisfy the conditions precedent set forth in Section 5 hereof (including satisfactorily curing any defect in the Project in accordance with Subsection 7.4 hereof) within one two (12) year years following the Commencement of Work as defined in Section 4, the Property Owner's right to be paid the Purchase Price or any portion thereof shall automatically terminate.
Appears in 2 contracts
Samples: Exterior Rehabilitation Program Agreement, Exterior Rehabilitation Program Agreement
