Common use of Written Notice of Code Violations Clause in Contracts

Written Notice of Code Violations. Owner shall inform OHFA by written notice of any violation of Owner's obligations hereunder within thirty (30) days of Owner's first discovering any such violation. OHFA, upon receipt of a notice of default or breach, or if OHFA does not receive any Certification required hereunder, or OHFA does not receive or is not permitted to inspect the records of Owner and the Development, or discovers by inspection, review or in any other manner that the Development is not in compliance with Code Section 42, or of the default by Owner of any of Owner's obligations under this Agreement or of any breach by Owner of any covenant, warranty, representation, agreement or restriction set forth herein, shall promptly notify Owner in writing of said breach or default and specify in such notice a period of time within which OHFA requires that Owner correct such violation. In the event Owner does not commence correction of the default or breach of compliance within the correction period, or does not diligently pursue the same to completion within the correction period or extension thereof, without further notice, OHFA shall declare a default under this Agreement, effective on the date of such declaration of default, and OHFA may thereupon apply to any court, state or federal, for specific performance of this Agreement or an injunction against any violation of this Agreement, or any other remedies at law or in equity or any such other action as shall be necessary or desirable so as to correct noncompliance with this Agreement. OHFA shall be entitled to its reasonable attorneys' fees in any such judicial action in which OHFA has justifiable cause for commencement of such proceedings, or in which OHFA shall prevail.

Appears in 5 contracts

Samples: www.northstareq.com, www.ok.gov, www.state.ok.us

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