Award Commitment definition
Examples of Award Commitment in a sentence
HUD will issue an amendment to the GRRP Award Commitment Letter reflecting the substitution of the Awardee with the Replacement Awardee as the recipient of the GRRP Award.
This Assignment, Assumption and Amendment of the GRRP Award Commitment Letter is made by and between the United States Department of Housing and Urban Development (HUD) and [Original Awardee] (the “Awardee”) of [Original Awardee address] and [New Awardee] (the “Replacement Awardee”) of [Replacement Awardee’s address].
The Awardee hereby assigns all rights and obligations under the GRRP Award Commitment Letter and Replacement Awardee hereby accepts and assumes all such rights and obligations under the GRRP Award Commitment Letter.
All other provisions of the GRRP Award Commitment Letter remain unamended.
Refer to Table 2 (Contribution Percentages and Funding Award Commitment by Applicant Type) in Section 4.1 of the Funding Guidelines for information on Maximum Provincial Funding Amounts and Required Organization Contribution percentages.
HUD and the Awardee have agreed to amend the GRRP Award Commitment Letter to change the recipient from the Awardee to the Replacement Awardee.
The provisions for Accelerated Vesting as provided for in the Award Commitment notices will remain applicable.
HUD and Awardee entered into the GRRP Award Commitment Letter effective [Insert GRRP Award Commitment Letter Date] for a GRRP [Elements/Leading Edge/Comprehensive] Award to improve utility efficiency, renewable energy generation, green and healthy housing, and/or efforts to make homes more resilient against extreme weather events to be made to the multifamily project known as [Insert Project Name], located at [insert project address] .