Common use of Third Party Funding Clause in Contracts

Third Party Funding. The Parties hereto agree that should any Assisted Household receive funding from any municipal, provincial or federal government source or any other source for substantially the same purpose as the Rental Assistance funding provided under this Agreement, then the Assisted Household in question will not be eligible to receive Rental Assistance provided under this Agreement, unless otherwise agreed to in writing by CMHC. Notwithstanding, should any Assisted Household in the Project be in receipt of Third Party Funding, then the Housing Provider must immediately cease the Rental Assistance to this Assisted Household. The amount of Rental Assistance may be offered to another Household eligible for assistance under this Agreement. The Parties hereto agree that, should the Housing Provider receive funding from any municipal, provincial or federal government source or any other source for substantially the same purpose as the Transitional Funding provided under this Agreement, then the Housing Provider will no longer be eligible to receive Transitional Funding provided under this Agreement, unless otherwise agreed to in writing by CMHC. The Housing Provider agrees to inform CMHC before applying for and upon receipt of any Third Party Funding.