Transfer of HUD Funds Sample Clauses

Transfer of HUD Funds. The parties to this Limited Partnership Agreement acknowledge that the transfer of public housing development and/or operating assistance (including HOPE VI assistance, if applicable) to the Owner shall not be deemed to be an assignment of development and/or operating assistance. Accordingly, the parties further acknowledge that the Owner shall not succeed to any rights or benefits of the Authority under the ACC, the Mixed Finance ACC Amendment, the HOPE VI grant agreement (if applicable), nor shall it attain any privileges, authorities, interests, or rights in or under the ACC, the Mixed Finance ACC Amendment, or the HOPE VI grant agreement.
Sample 1
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Transfer of HUD Funds. The parties to this Agreement acknowledge that the transfer of development assistance made available through the CNI program to Housing Authority to lend to the Partnership shall not be deemed to be an assignment by HUD of such CNI assistance. Accordingly, the parties further acknowledge that the Partnership shall not succeed to any rights or benefits of the Housing Authority under the AHAP, HAP, RAD HAP Contract or the CNI Grant Agreement, nor shall it attain any privileges, authorities, interests, or rights in or under the CNI Grant Agreement.
Sample 1

Related to Transfer of HUD Funds

  • Transfer of Funds From such funds as may be available for the purpose in the relevant Fund Custody Account, and upon receipt of Proper Instructions specifying that the funds are required to redeem Shares of the Fund, the Custodian shall wire each amount specified in such Proper Instructions to or through such bank or broker-dealer as the Trust may designate.

  • Transfer of Agreement 9.1 Unless with the prior consent from the Pledgee, the Pledgor has no right to grant or transfer any of his rights and obligations hereunder.

  • Permitted Transfers Within Escrow 5.1 Transfer to Directors and Senior Officers

  • Transfer of Membership Membership shall not be transferred except with the approval and consent of the Board of Managers and in accordance with the Capital Units Transfer System.

  • Transfer of Membership Interest The Sole Member may Transfer any part or all of its rights and interest (including, but not limited to, its Capital Account) in the Company (each a “Membership Interest”) now owned or hereafter acquired to any Person, and the transferee of such Membership Interest shall become a Member of the Company.

  • Transfer of Control E.1.1 Transfer of control shall take place at the AoR boundary, unless otherwise specified in paragraph E.3.

  • Transfer of Interest The Interest is personal property and may be transferred or assigned, in whole or in part, as permitted by the Equityholders Agreement, in the sole discretion of the Member. Notwithstanding anything to the contrary set forth herein, no Interest in the Company may be issued, transferred or pledged in any manner whatsoever except in compliance with all applicable Gaming Licenses and Gaming Laws, except as contemplated by Section 9.2.

  • Transfer of Payments 1. Each Contracting Party shall guarantee to investors of the other Contracting Party, after fulfillment of all tax obligations, a free transfer abroad of payments in connection with the investments, and in particular:

  • Transfer of Business Where a transfer of business occurs, an Employee who worked with the old employer and who continues in the service of the new employer will be entitled to count her/his service with the old employer as service with the new employer for the purposes of this clause.

  • Transfer of Franchise a. A franchisee may transfer the franchised business and franchise to a transferee, provided that the transferee satisfies the reasonable current qualifications of the franchisor for new franchisees. For the purposes of this subsection, a reasonable current qualification for a new franchisee is a qualification based upon a legitimate business reason. If the proposed transferee does not meet the reasonable current qualifications of the franchisor, the franchisor may refuse to permit the transfer, provided that the refusal of the franchisor to consent to the transfer is not arbitrary or capricious.

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