Authority/Agency definition
Examples of Authority/Agency in a sentence
The foregoing covenants shall run with the land.” The covenants established in this Section 4.14 shall, without regard to technical classification and designation, be binding for the benefit and in favor of Authority/Agency and their successors and assigns, and shall remain in effect in perpetuity.
Within 30 days of Authority/Agency approval of Agreement but no later than December 1, 2008.
In the event Developer, despite exercising its best efforts to obtain required construction financing for the Project, fails to obtain such financing as specified in the Agreement by the time required in the Schedule of Performance, the Developer may terminate this Agreement by notice thereof to Authority/Agency, and Authority/Agency may terminate this Agreement as provided in Section 504 hereof.
Developer shall complete all off-site improvements (which shall be described in a supplemental Scope of Development attached to the Implementation Agreement) at no cost to Authority/Agency.
Authority Executive Director may elect to use a variety of funding sources to provide and pay for the Additional Subsidy amounts listed above in Section 301.2, including the Agency’s Housing Fund, federal HOME Investment Partnership Act funds, monies allocated to the City pursuant to the Neighborhood Stabilization Program (adopted pursuant to the federal Housing and Economic Recovery Act of 2008), and any and all other funding sources available to the Authority/Agency.
Developer shall furnish or cause to be furnished appropriate certificates of insurance and/or endorsements to Authority/Agency which meet all requirements of Section 306, et seq.
Representatives of Authority/Agency (and City) shall be entitled to enter the Site upon at least forty-eight (48) hours notice, to monitor compliance with this Agreement, to inspect the records of the Site, and to conduct an independent audit or inspection of such records.
Developer shall submit the Final Budget to Authority/Agency for approval.
In the event any information or representation made by Developer to TCAC related, directly or indirectly, to the Tax Credits is not true, complete, and correct in all material respects, Developer shall, and acknowledges it has an obligation to, inform TCAC and Authority/Agency of such changes and to provide updated information to TCAC, Authority/Agency, and its Lender(s), as necessary.
Developer agrees to notify Authority/Agency in the event that it applies for or proposes to use other sources of funds for the Project prior to the issuance of the Release of Construction Covenants as to the Project.