Examples of Program Obligations in a sentence
To the extent that any provision of the Operator Lease shall be in conflict with Program Obligations (as such term is defined below), Program Obligations shall be controlling.
The Escrow shall take the form of [specify as applicable]: o cash , and/or o (if permitted by Program Obligations) one or more unconditional, irrevocable letter(s) of credit issued to Lender by a banking institution, attached hereto as Exhibit “B”.
Fees charged by Xxxxxx and any interest earned on the Escrow shall be governed by Program Obligations.
The rating of the issuing banking institution and the duration of such letter(s) of credit shall comply with Program Obligations.
HUD has issued a Firm Commitment to insure said Loan pursuant to the National Housing Act, as amended, and Program Obligations, on which mortgage insurance Borrower is relying for financing of the Project.