Examples of HUD Loan in a sentence

Tenant agrees to procure and maintain, or cause to be procured and maintained, the insurance coverage required pursuant to the HUD Loan Documents and/or applicable HUD Requirements, including HUD Notices H 04-01 and H 04-15.
Tenant agrees that it will not take any action which would violate any applicable HUD Program Requirements or any of the HUD Loan Documents.
At the time of the closing of the HUD Loan, Tenant agrees to execute the Regulatory Agreement of Tenant, and other applicable documents evidencing Lender’s security interest in the collateral of Tenant.
Insurance proceeds and the proceeds of any condemnation award or other compensation paid by reason of a conveyance in lieu of the exercise of such power, with respect to the Premises, or any portion thereof, shall be applied in accordance with the terms of the HUD Loan Documents and applicable HUD Program Requirements.
The decision to repair, reconstruct, restore or replace the Premises following a casualty or condemnation shall be subject to the terms of the HUD Loan Documents and applicable HUD Requirements.

More Definitions of HUD Loan

HUD Loan means that certain first mortgage loan in the original principal amount of Thirteen Million Six Hundred Sixteen Thousand Seven Hundred Dollars ($13,616,700), made to Seller by Pacific Commonwealth Mortgage Company, a California corporation (“Lender”) on or about July 1, 1999, guaranteed by the United States Department of Housing and Urban Development (“HUD”), which loan is secured by the Property. 3 3.

HUD Loan means a loan to be advanced to Borrower by a lender insured by HUD, the proceeds of which shall be sufficient to repay the Obligations

HUD Loan. Is defined in Section 2.2(a). HUD’s loan to the COUNTY of $2,500,000, which amount shall be passed through to the Borrower subject to the Agreement and the Loan Documents.

HUD Loan. A $30,000.00 loan provided to City by HUD pursuant to a Contract for Loan Guarantee Assistance Under Section 108 of the Housing and Community Development Act of 1974, as amended, 42 U.S.C. 5308 with HUD and a Promissory Note.

HUD Loan means that certain Mortgage Note, dated September 6, 2001, in the original principal amount of $7,284,500 from DIA, as maker, payable to the order of AMI Capital, Inc., a Delaware corporation, as payee (the “HUD Lender”), which is insured by HUD and secured by the Mortgage between DIA and HUD Lender, dated September 6, 2001, and recorded on September 6, 2001 in the Office of the Recorder of Deeds in and for New Castle County, State of Delaware, in Instrument No. 20010906-0073583. Other capitalized terms used in this Agreement have the respective meanings assigned to such terms elsewhere in this Agreement. For ease of reference, the page containing the definition of each such capitalized term is listed in the table of defined terms included elsewhere as a part of this Agreement.

HUD Loan means one or more loans to the Maker from the City of Rochester from the proceeds of a loan made to the City by the Federal Short-Term U.S. Government Trust or such other entity designated by HUD to which HUD provides financial accommodations in the aggregate principal amount of up to $5,000,000 or such lesser principal amount as the City may actually loan to the Maker after the Maker exerts best efforts to secure a loan from the City under this program in the principal amount of $5,000,000; the HUD Loan shall consist of a $2,000,000 ten (10) year term loan secured only by a first lien on all Xxxxxx Cooperage and filling equipment of the Maker and a $3,000,000 twenty (20) year first mortgage loan secured by all real property of the Maker, each bearing interest at a fixed rate not exceeding that of a Treasury note or bond of comparable maturity plus 2% per annum.

HUD Loan means that certain Mortgage Note dated September 6, 2001, in the original principal amount of $7,284,500 from DIA, as maker, payable to the order of AMI Capital, Inc., a Delaware corporation (the “HUD Lender“), as payee, which is insured by HUD and secured by the Mortgage between DIA and HUD Lender, dated September 6, 2001, and recorded on September 6, 2001 in the Office of the Recorder of Deeds in and for New Castle County, State of Delaware, in Instrument No. 20010906-0073583;