AHP Subsidy definition

AHP Subsidy means the original principal amount of this Note and Agreement set forth above.
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AHP Subsidy or “subsidy” means the funds awarded by the Bank under this Agreement. This Agreement shall be binding upon the parties and upon any successor in interest to the parties.
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Examples of AHP Subsidy in a sentence

  • Project progress toward completion and ongoing compliance with the terms of the AHP Subsidy Agreement will be monitored through Semi-annual Progress Reports.

  • Upon the death of the AHP-assisted sole owner, or owners in the case of multiple title holders, the AHP Retention Agreement terminates and there is no obligation to repay the AHP Subsidy.

  • The purpose of the site visit is to confirm that AHP funds are used in conformance with commitments of the AHP application, AHP Subsidy Agreement, regulation and policies.

  • Pro rata payments means 20 percent of the AHP Subsidy will be forgiven for each year of the Retention Period that has passed, as determined by FHLBank Atlanta in its sole discretion.

  • Upon satisfactory completion of the disbursement review, the FHLBank Chicago will notify the Member of Pre-Approval to fund an amount equal to the AHP Subsidy for use in the AHP Project, along with any conditions that must be satisfied in order to receive reimbursement.

  • If the Non-Compliance resulting in Recapture is due to the actions or omissions of the Member, the Member shall repay the amount of AHP Subsidy (plus interest, if appropriate) not used in compliance with the commitments of the Member’s AHP application or the requirements of the Regulation to the FHLBank Chicago.

  • The FHLBank Chicago will not provide reimbursement to the Member prior to the Beneficiary’s purchase of the AHP- Assisted Unit.In an Owner-Occupied Project that does not involve a homebuyer acquisition, and consists of rehabilitation or new construction only, the Member should not fund AHP Subsidy prior to completion of all rehabilitation or new construction work.

  • A De-Obligation is a reduction in the amount of the unfunded portion of the AHP Subsidy that is not necessary for completion of the AHP Project.

  • For additional information regarding the De- Obligation of AHP Subsidy, see the Project Change Policy.Additionally, the FHLBank Chicago may remedy the Non-Compliance through Recapture of a partial or full amount of any AHP Subsidy that has been disbursed to the AHP Project.

  • If, based on the site visit, Bank staff determines that the project is not operating in compliance with the approved AHP application, AHP Subsidy Agreement, AHP regulation, monitoring procedures, or there has been misuse of funds, the Bank will take appropriate remedial action for non-compliance.

Related to AHP Subsidy

  • Subsidy means the difference between the amount of periodic

  • Medicare Advantage plan means a plan of coverage for health benefits under Medicare Part C as defined in 42 U.S.C. 1395w-28(b)(1), and includes:

  • Long-term acute care facility (LTAC) means a facility or Hospital that provides care to people with complex medical needs requiring long-term Hospital stay in an acute or critical setting.

  • Long-term care facility means a nursing home, retirement care, mental care, or other facility or institution that provides extended health care to resident patients.

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • Medicare Levy Surcharge means an extra charge payable by high income earners beyond the standard Medicare Levy if they do not have qualifying private hospital insurance coverage. This charge is assessed as part of an individual or family’s annual tax return.

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • Medical flexible spending arrangement or "medical FSA" means a benefit plan whereby eligible state employees may reduce their salary before taxes to pay for medical expenses not reimbursed by insurance as provided in the salary reduction plan established under chapter

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Affordable Housing Cost means an amount satisfied by:

  • Continuing care retirement community means a residential

  • Business Benefit Plan means each Benefit Plan that is contributed to, sponsored, maintained or entered into by Seller or a Retained Subsidiary, a Purchased Subsidiary or any Affiliate of any of them for the benefit of any Business Employee.

  • Affordable Housing Unit means a rental unit in an affordable housing building that rents for an amount that is affordable to households at or below 60 percent of area median income, as median income was most recently determined by the United States Department of Housing and Urban Development for the Minneapolis-St. Paul-Bloomington, Minnesota-Wisconsin Metropolitan Statistical Area, as adjusted for household size and number of bedrooms.

  • Affordable housing program(s means any mechanism in a municipal Fair Share Plan prepared or implemented to address a municipality’s fair share obligation.

  • Non-profit housing development means development of a building or structure intended for use as residential premises by,

  • Insurance Affordability Program means a program that is one of the following:

  • Affordable housing project means, for purposes of this part, title fourteen of article twenty seven of the environmental conservation law and section twenty-one of the tax law only, a project that is developed for residential use or mixed residential use that must include affordable residential rental units and/or affordable home ownership units.

  • Child welfare services means social services including

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Separate Business means each of the activities of the Licensee connected

  • Title IV-E Foster Care means a federal program authorized under §§ 472 and 473 of the Social

  • Uniform business entity application means the current version of the NAIC Uniform Business Entity Application for resident and nonresident business entities.

  • Qualified long-term care services means services that meet the requirements of Section 7702(c)(1) of the Internal Revenue Code of 1986, as amended, as follows: necessary diagnostic, preventive, therapeutic, curative, treatment, mitigation and rehabilitative services, and maintenance or personal care services which are required by a chronically ill individual, and are provided pursuant to a plan of care prescribed by a licensed health care practitioner.

  • Health and Welfare Benefits means any form of insurance or similar benefit programs, which may include but not be limited to, medical, hospitalization, surgical, prescription drug, dental, optical, psychiatric, life, or long-term disability.