HUD Financing means an Indebtedness of a Propco Borrower or Propco Borrowers that is insured by HUD under one of its programs for HUD insured loans for long term care facilities, including a HUD insured loan under Section 223(f) for senior housing facilities and Section 232 for nursing home and assisted living facilities of the National Housing Act, and any refinancing, refunding, extension or renewal thereof, and which Indebtedness is to be secured by the assets and properties owned or held by such Propco Borrower or Propco Borrowers, including the Facility or Facilities owned and operated by such Propco Borrower or Propco Borrowers.

HUD Financing shall have the meaning given to it in the Term Loan Agreement.

Examples of HUD Financing in a sentence

We have received additional HUD Financing Plan and operating proforma comments and are addressing and preparing the response for submission.
Notwithstanding the foregoing, any Guarantor may transfer real property that is the subject of a HUD Financing to a HUD Financing Subsidiary in connection with a HUD Financing permitted to be incurred pursuant to Section 4.09 hereof.
As used in this Section, “Net cash proceeds” shall mean the cash proceeds of the HUD Financing net of all taxes and customary and reasonable fees, commissions, costs and other expenses actually incurred in connection therewith.
Sellers shall designate the HUD Properties that secure the HUD Portfolio Note, which shall not be HUD Properties that secure HUD Financing that is outstanding on the date hereof.
ADFA may defer loan payments for up to two (2) years depending upon the type of development, number of units and established need.⮚ Any amounts not paid, both principal and interest shall accrue and be payable on the Maturity Date of the loan.◆ For projects utilizing HOME Program funds and U.S. Department of Agriculture (USDA) Rural Development (RD) funds and/or any form of HUD Financing, the HOME loan will match the terms and amortization of the USDA RD loan and HUD Financing.

More Definitions of HUD Financing

HUD Financing means mortgage Indebtedness (i) guaranteed by the United States Department of Housing and Urban Development (such Indebtedness, a “Final HUD Financing”) or (ii) which is a bridge loan made in anticipation of incurring a Final HUD Financing (such Indebtedness, a “Bridge HUD Financing”), in each case incurred by a HUD Subsidiary or group of HUD Subsidiaries that is not guaranteed by (other than customary non-recourse guarantees) or otherwise recourse to, Company or any Subsidiary (or any of their respective assets) other than one or more HUD Subsidiaries and HUD Facilities. For purposes of subsection 7.3(xii), the amount of a Final HUD Financing that refinances a Bridge HUD Financing shall be the excess of principal amount, if any, of the Final HUD Financing over the principal amount of the Bridge HUD Financing.

HUD Financing items 18 through 22 on Schedule 7.2(d).

HUD Financing means the XXX Xxxxx and the HUD Loan.

HUD Financing means financing provided by or insured by the United State Department of Housing and Urban Development. “HUD Portfolio Adjustment Note” shall have the meaning set forth in Section 3.1(d).

HUD Financing means a loan in the original principal amount of Five Million Fifteen Thousand Dollars ($5,015,000) to be obtained by the Purchaser from Love Funding Corporation, which loan is insured by the U.S. Department of Housing and Urban Development, to finance the Purchaser’s acquisition of the Property.

HUD Financing. The financing to Owners for the Projects, which is insured by HUD, which is referred to in the Intercreditor Agreements.