RAD Use Agreement definition

RAD Use Agreement means the Rental Assistance Demonstration Use Agreement to be entered into on or before Initial Closing by and between HUD and the Partnership.

RAD Use Agreement means that certain RAD Use Agreement executed by the Authority and the Borrower in favor of the U.S. Department of Housing and Urban Development.

RAD Use Agreement means that certain RAD Use Agreement executed by the Authority and the Borrower in favor of HUD.

Examples of RAD Use Agreement in a sentence

• Notwithstanding such termination, the project shall remain subject to the RAD Use Agreement encumbering the property on which the project is located.

• All loans made that are secured by Covered Projects must be subordinate to a RAD Use Agreement.

• A RAD Use Agreement will be recorded against the new location to which assistance is transferred.

• In the event of such transfer, the Project Owner may request, subject to HUD consent, that the original RAD Use Agreement on the Covered Project be modified or released to reflect such transfer of assistance.

• Projects shall have a RAD Use Agreement that will be recorded superior to other liens on the property, run for the same term as the initial term of the HAP contract, automatically renew upon each extension or renewal of the HAP contract for a term that runs with each renewal term of the HAP contract, and remain in effect even in the case of abatement or termination of the HAP contract (for the term the HAP contract would have run, absent the abatement or termination).

More Definitions of RAD Use Agreement

RAD Use Agreement means, collectively, the use agreement entered into by and among the Authority, Lessee, and United States Department of Housing and Urban Development (HUD) specifying the affordability and

RAD Use Agreement means the Rental Assistance Demonstration Use Agreement entered into by and among the Lender, Borrower, and HUD specifying the affordability and use restrictions governing the Project under the RAD Program, and recorded against the Lender's fee interest in the Leased Premises and the Lessee's leasehold interest in the Leased Premises.

RAD Use Agreement means, collectively, those certain Rental Assistance Demonstration Use Agreements by and among HUD, PHA, Owner and HDFC, dated as of substantially even date herewith and recorded simultaneously herewith.

RAD Use Agreement means that certain Rental Assistance Demonstration Use Agreement executed among HUD, Landlord and Tenant with respect to permitted uses of the Premises and rights of potential beneficiaries.

RAD Use Agreement has the meaning given such term in the Recitals to this Agreement.

RAD Use Agreement means the Rental Assistance Demonstration Use Agreement between Borrower and the Secretary of Housing and Urban Development (“HUD”) dated December 8, 2016, recorded December 14, 2016 as Document No. A10391045 in the office of the County Recorder for Hennepin County, Minnesota.

RAD Use Agreement means that certain Rental Assistance Demonstration Use Agreement entered into by the Landlord, Tenant, and HUD and dated as of substantially even date herewith.