Declaration of Affordability Requirements definition

Declaration of Affordability Requirements means the mechanism provided by the CITY and executed and filed of record by Developer in favor of CITY to ensure units assisted with HOME Funds in this Project meet the affordability requirements for not less than the applicable period required by the Regulations.
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Declaration of Affordability Requirements means the mechanism provided by the Borrower executed and filed of record in favor of Xxxxxx to ensure all housing units assisted with SLFRF Crimson Flats West Funds meet the Affordability Requirements for not less than the applicable period specified in this Agreement.
Sample 1
Declaration of Affordability Requirements means the mechanism provided by the Lender and executed and filed of record by Borrower in favor of Lender to ensure units assisted with HOME Funds meet the Affordability Requirements for not less than the applicable period specified in this Agreement.
Sample 1

Examples of Declaration of Affordability Requirements in a sentence

  • If the Obligations are performed in accordance with the terms of the Loan Agreement, the Declaration of Affordability Requirements, and other applicable Loan Documents, including, without limitation, the observance of all the agreements contained in this Mortgage, this Mortgage shall be released by the Lender.

  • On the punctual performance of the Obligations of the Loan Agreement, the Declaration of Affordability Requirements, other Loan Documents and this Mortgage, the Borrower shall be entitled to request and receive a release of this Mortgage to be delivered to and recorded by the Borrower at the Borrower's expense, unless otherwise required by law.

  • The SLFRF Crimson Flats East Loan Documents and the Declaration of Affordability Requirements shall be duly authorized, executed, and delivered to Lender.

  • Xxxxxxxx has executed a Declaration of Affordability Requirements dated as of , 2024, and recorded in the land records of Cleveland County, Oklahoma.

  • The SLFRF Crimson Flats East Mortgage and Declaration of Affordability Requirements shall have been recorded against the Property.

  • This Mortgage secures the ARPA SLFRF Funds advanced under the Loan Agreement, and secures the performance Obligations of the Borrower under the Declaration of Affordability Requirements, this Mortgage and Security Agreement, and all other instruments now or hereafter evidencing the Obligations of Borrower.

Related to Declaration of Affordability Requirements

  • Eligibility Requirements means, with respect to any Person, that such Person has at least $200,000,000 in capital/statutory surplus or shareholders’ equity (except with respect to a pension advisory firm or similar fiduciary) and at least $600,000,000 in total assets (in name or under management), and is regularly engaged in the business of making or owning commercial real estate loans (or interests therein), mezzanine loans (or interests therein) or commercial loans (or interests therein) similar to the Mortgage Loan.

  • Security Requirements means the requirements regarding the security of Personal Data, as set out in the Data Protection Laws (including, in particular, the seventh data protection principle of the DPA and/ or the measures set out in Article 32(1) of the GDPR (taking due account of the matters described in Article 32(2) of the GDPR)) as applicable;