HUD Regulatory Agreement definition

HUD Regulatory Agreement means the Regulatory Agreement between Borrower and HUD with respect to the Project, as the same may be supplemented, amended or modified from time to time.

HUD Regulatory Agreement means the Regulatory Agreement for Multifamily Projects between the Owner and HUD with respect to the Project, as the same may be supplemented, amended or modified from time to time.

HUD Regulatory Agreement means the Regulatory Agreement for Multifamily Projects between the Borrower and HUD, as amended or supplemented from time to time.

Examples of HUD Regulatory Agreement in a sentence

• The organizational documents must provide that the Borrower be in existence at least as long as the term of the insured loan, and must include certain provisions required by HUD, including without limitation provisions that indicate that the HUD Regulatory Agreement takes precedence in the event of any conflict with the organizational documents; that the Borrower is authorized to enter into the transaction; and that the Borrower is a single-purpose, single-asset entity.

• However, in certain cultural-political environments it might prove difficult to remove a home system from a customer who cannot pay.

• All borrowers must execute a HUD Regulatory Agreement governing the operation of the project.

• Subject to the HUD Regulatory Agreement, the Agency may require the Borrower to indemnify and hold the Agency harmless from all loss, cost, damage and expense arising from any claim or proceeding instituted against Agency relating to the subordination and covenants set forth in the Restrictive Covenants, provided, however, that Borrower’s obligation to indemnify and hold the Agency harmless shall be limited to available surplus cash and/or residual receipts of the Borrower.

• The agreement ran with the land and bound future owners, terminated upon foreclosure, and was expressly subordinate to the HUD Regulatory Agreement.

More Definitions of HUD Regulatory Agreement

HUD Regulatory Agreement means the U.S. Department of Housing and Urban Development Regulatory Agreement for Multifamily Housing Projects between the Borrower and HUD with respect to the Development, as the same may be supplemented, amended or modified from time to time.

HUD Regulatory Agreement means, individually, the U.S. Department of Housing and Urban Development Regulatory Agreement for Multifamily Housing Projects between a Borrower and HUD with respect to the respective Development, as the same may be supplemented, amended or modified from time to time. “HUD Regulatory Agreements” means, collectively, all of such HUD Regulatory Agreements.

HUD Regulatory Agreement means the Regulatory Agreement dated as of 1, 2014 between the Borrower and HUD, related to the FHA Insured Mortgage Loan.

HUD Regulatory Agreement means the Regulatory Agreement for Multifamily Projects dated as of February 1, 2017 between the Borrower and HUD, related to the FHA Insured Mortgage Loan.

HUD Regulatory Agreement means, collectively, the HUD 202 Program Prepayment Regulatory Agreement and, as applicable, the SPRAC Use Agreement or any other regulatory agreement approved by City and required by a HUD Program to be recorded against the Project.

HUD Regulatory Agreement means the Regulatory Agreement for Multifamily Projects between the Borrower and HUD, including any supplements or amendments thereto.

HUD Regulatory Agreement means that certain Regulatory Agreement entered into by the Tenant and HUD and dated as of substantially even date herewith.