Examples of CDBG Loan Documents in a sentence
Satisfaction and compliance with all of the terms, covenants and conditions contained in the Award Agreement, the Application, the QAP, and the Piggyback Program Description, as evidenced by a certificate of Borrower included with each Draw Request, as well as compliance with all requirements set forth in the CDBG Loan Documents.
OCD or its representatives shall give to Construction Lender prompt written notice of any default under the CDBG Loan Documents (“Gap Financing Loan Default”) which has not been cured within any applicable notice and/or cure period; provided however, the failure to give such notice shall not constitute a waiver of such default or limit or otherwise affect Borrower’s duties and obligations under the CDBG Loan Documents.
Wichita GP has obtained the Consent of AHF to the terms and forms of the CDBG Loan Documents.
OCD shall have received from Borrower executed originals of all of the CDBG Loan Documents, in the form provided for in the CDBG Loan Agreement, or in form and substance otherwise acceptable to OCD, and such other documents and information as OCD may reasonably require.
Borrower shall certify in writing to OCD, that: (1) taking into account any retainage, there will be sufficient funds to complete the Project following funding of the Draw Request; (2) the funds requested pursuant to the Draw Request will only be expended as set forth in the Draw Request; and (3) that the representations, warranties, covenants, terms and conditions set forth in the CDBG Loan Documents are true and correct and satisfied, and that Borrower is not in default thereunder.
Borrower agrees that it will not make any payment of any of the Construction Loan proceeds or the Gap Financing Loan proceeds, except in accordance with the Construction Loan Documents or the CDBG Loan Documents, as applicable, or take any other action, in contravention of the provisions of this Agreement or that OCD and the Construction Lender would not be permitted to receive as a result of the application of the provisions of this Agreement.
Borrower has full power and authority to execute and deliver this Agreement and to make and accept the borrowings contemplated hereunder, to execute and deliver the CDBG Loan Documents and all other documents or instruments executed and delivered, or to be executed and delivered, pursuant to this Agreement, and to perform and observe the terms and provisions of all of the above.
The County Board shall have the right to pursue any other remedy provided in any of the other CDBG Loan Documents or allowed by law or equity.
This Agreement and the CDBG Loan Documents shall be construed in accordance with and governed by the laws of the Commonwealth of Virginia.
The County Board shall have the right to mandamus or other suit, action or proceeding at law or in equity to require Borrower to perform its obligations and covenants under this Agreement, including the various CDBG Loan Documents, or to enjoin acts on things which may be unlawful or in violation of the provisions of this Agreement or the CDBG Loan Documents.