Examples of HPD in a sentence
Owner shall comply with the requirements regarding disbursements in the HPD financing documents in order to requisition for HPD loan proceeds for the HPD portion of the Approved NYSERDA Scope items.
The Owner shall protect, indemnify, and hold harmless HPD, NYSERDA and the State of New York from and against all liabilities, losses, claims, damages, judgments, penalties, causes of action, costs and expenses (including, without limitation, attorney’s fees and expenses) imposed upon or incurred by or asserted against HPD, NYSERDA or the State of New York resulting from, arising out of or relating to the performance of this Agreement.
The Landlord will offer each Qualified Sticky Voucher Tenant who is determined to be underhoused by HPD the opportunity to move into larger vacant units, provided such Underhoused Sticky Voucher Tenants qualify for and obtain HUD Sticky Vouchers applicable to the larger apartment size (“Qualified Underhoused Tenants”).
The Owner acknowledges that if NYSERDA determines that an Owner has not adhered to the terms and conditions of the Initiative for a Project, any NYSERDA incentives paid to the Owner for that Project shall be repaid to, or recaptured by, NYSERDA upon prior approval by HPD and the Senior Lender, if any.
After closing of the HPD loan and submission of all outstanding documents, including documentation showing the project has achieved Passive House pre-certification, up to 5% of the total incentive amount will be released to cover costs associated with integrated design and Passive House pre-certification.