AHAP Contract definition

AHAP Contract means the Agreement to Enter Into a Housing Assistance Payments Contract between the Housing Authority of the City of Los Angeles and the Borrower, providing for housing assistance payments to be made to the Borrower for a period of not less than 15 years.
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AHAP Contract means that certain ///[PBV Agreement to Enter Into Housing Assistance Payments Contract]/// dated as of , 2020, by and between Borrower and Contract Administrator.
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AHAP Contract means an Agreement to Enter into Housing Assistance Payments Contract entered into by and between Developer and the Housing Authority of the County of Orange.
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Examples of AHAP Contract in a sentence

  • The Housing Assistance Payments Contract to be entered into between Borrower and the Housing Authority on or before the Conversion Date in the form attached to the AHAP Contract and consistent with the terms of the final proposal attached to the AHAP Contract.

  • Borrower shall at times comply with the AHAP Contract and all HUD requirements and guidelines to ensure issuance of the HAP Contract.

  • Borrower shall observe and comply with all of the terms and conditions set forth in the Subordinate Documents, all Regulatory Agreements, the AHAP Contract and the HAP Contract (after the HAP Contract has been fully executed).

  • Borrower shall advise Bank in writing promptly upon learning of any default with respect to the AHAP Contract and the HAP Contract.

  • Subordinate Documents (excluding the AHSC Permanent Loan Documents except as otherwise provided in Section 4.1.12 above) and the AHAP Contract, each in a form acceptable to Bank.

  • The Assignment of Agreement to Enter Into Housing Assistance Payments Contract, on Bank’s form, executed by ▇▇▇▇▇▇▇▇ in favor of Bank as additional collateral security for the performance of Borrower’s obligations under the Borrower Loan Documents, as the same may from time to time be amended, modified or supplemented, assigning to Bank all of Borrower’s rights under the AHAP Contract together with that certain Consent to Assignment of AHAP Contract attached thereto and executed by the Housing Authority.

  • Each and every covenant, condition and obligation contained in the Tax Credit Allocation Documents and the Subordinate Documents, the AHAP Contract and the HAP Contract (after the HAP Contract has been fully executed) required to be performed or satisfied as of the date hereof, and each and every matter required to be approved thereunder as of the date hereof, has been satisfied or approved, as applicable.

  • Borrower will timely perform all obligations of Borrower with respect to the HAP Contract and the AHAP Contract, and shall take all actions necessary to maintain the HAP Contract and the AHAP Contract in full force and effect and to prevent the termination or reduction of the Section 8 Payments to the Project provided thereunder.

  • Any agreements granting a security interest in collateral securing the Borrower Loan and/or any Hedge provided by Bank other than the Deed of Trust, including without limitation, assignments and consents to assignments of the Architect‟s Agreement, Construction Contract, if any, Plans, any property management agreement or asset management agreement, the Assignment of Tax Credits and Partnership Interests, the Assignment of Hedge (if any), the Assignment of AHAP Contract, and the Assignment of HAP Contract.

  • Allocation Documents and Subordinate Documents, AHAP Contract and HAP Contract.


More Definitions of AHAP Contract

AHAP Contract means that certain . “Alpha 9% Apartments” has the meaning set forth in Recital B.
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AHAP Contract shall have the meaning set forth in Section 4.1(w).
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AHAP Contract means, collectively, (i) that certain Agreement to Enter Into Housing Assistance Payments Contract entered into between the Partnership and the Housing Authority of the City of Los Angeles in connection with the Apartment Complex, providing for a HAP Contract with a term of not less than 15 years following Completion, with an automatic extension for an additional 15 years (subject to federal appropriations), and providing for project-based vouchers for 45 low-income units at the Apartment Complex, and (ii) that certain Rental Assistance Demonstration (RAD) Conversion Commitment entered into between the Partnership, HUD and the Housing Authority of the City of Los Angeles in connection with the Apartment Complex, providing for a Project-Based Voucher Rental Assistance Demonstration HAP Contract with a term of not less than 15 years following Construction Completion, with an obligation to offer an extension for not less than an additional 15 years (subject to federal appropriations), and providing for project-based vouchers for 9 low-income units at the Apartment Complex.
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Related to AHAP Contract

  • Cap Contract Any of the Class A-1 Cap Contract, the Class A-2 Cap Contract or the Subordinate Certificates Cap Contract.

  • Group contract means a contract for health care services which by its terms limits eligibility to members of a specified group. The group contract may include coverage for dependents.

  • Cap Contracts means (i) the Cap Contract between the Trustee and the counterparty named thereunder, for the benefit of the Holders of the Class A-1 Certificates, the Mezzanine Certificates and the Class B Certificates (the "Group I Cap Contract") and (ii) the Cap Contract between the Trustee and the counterparty thereunder, for the benefit of the Class A-2 Certificates, the Mezzanine Certificates and the Class B Certificates (the "Group II Cap Contract").

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Swap Contract means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement.