Examples of Section 202 in a sentence
Notwithstanding anything herein or in the Financing Documents to the contrary, if at any time there is an Interest Differential owed to the Bank, any reduction in interest rate that would result from the application of the Maximum Rate to the Default Interest Rate, shall not reduce the rate of interest below the Maximum Rate until the total amount due has been paid to the Bank as if the applicable rate computed as provided in Section 2.02 hereof had at all times been utilized.
New positions created within the community of interest of the employees 1 within the bargaining unit shall be added to the list in Section 2.02 of this 2 Article.
For this purpose all references in said Articles and Schedules to: (a) the "Administrator" shall be deemed to be references to the International Development Association as Administrator of the Grant; (b) the "Credit" and "Credit Account" shall be deemed to be references to the Grant and the Grant Account, and (c) the "Special Account" shall be deemed to be references to the Special Account referred to in Section 2.02 (b) of this Agreement.
If the interest due and payable on any obligation hereunder computed at the applicable rate as provided in Section 2.02 hereof is in excess of 9.5% (the “Maximum Rate”), the difference between what would have been the interest payable on such amounts had they accrued interest at the rate provided in Section 2.02 and the Maximum Rate (the “Interest Differential”) shall remain an obligation of the Enterprise.
The Board is periodically a recipient of federal funds, and therefore, where applicable, Contractor and any subcontractors shall comply with requisite affirmative action requirements, including reporting, pursuant to 41 CFR Chapter 60, as amended, and Section 202 of Executive Order 11246.
Expansion of Services Neither the Service Area nor the maximum average daily flow set forth in Section 202 shall be expanded or enlarged without the prior consent of WATERBURY in writing and approved by its Board of Aldermen in accordance with its Charter.
Except as set forth in Section 2.02 of this Agreement, the Borrower’s Representative is the Titular de la Unidad de Crédito Público of SHCP.
If the term of this Sublease shall have been extended pursuant to Section 2.02 hereof, Base Rental Payment installments shall continue to be due on December 1 and June 1 in each year, and payable prior thereto as hereinabove described, continuing to and including the date of termination of this Sublease.
Projects subject to the federal Department of Housing and Urban Development (“HUD”) Section 811 and Section 202 programs or receiving a permanent loan from the California Housing Finance Agency (“CalHFA”) shall not be subject to any Program reserve requirements during the time such projects are regulated by HUD or CalHFA and the Sponsor complies with the applicable CalHFA or HUD reserve requirements.
The Borrower has elected to operate the Development as a senior housing development and as such to require all Units in the Development, except for the resident manager's unit, to be occupied or held available for occupancy by households containing "elderly" residents as defined in the Section 202 program requirements.