Common use of Borrower’s Duties Clause in Contracts

Borrower’s Duties. The Borrower has made application to MHFA for the purpose of administering a Workforce Housing Development Program Project in the manner described in the Borrower's Application (the “Project”) which is incorporated into this Deferred Loan Agreement by reference. The Borrower, who is not a state employee, is awarded funds to provide financial assistance to address the need for Workforce Housing. The Project includes: [INSERT BREIF DESCRIPTION OF PROJECT INLCUDING TYPE (NEW CONSTRUCTION/ADAPTIVE REUSE, ETC.), AND NUMBER OF UNITS]. The Borrower will comply with all requirements as further described in Exhibit A attached to this Deferred Loan Agreement and incorporated by reference. The Borrower will be in compliance with the Workforce Housing Development Program Guide, as amended (the “Program Guide”), which is incorporated into this Deferred Loan Agreement by reference.

Borrower’s Duties. The Borrower has made application to MHFA the State for the purpose of administering a Workforce Housing Development Program Project in the manner described in the Borrower's Application (the “Project”) which is incorporated into this Deferred Loan Agreement by reference. The Borrower, who is not a state employee, is awarded funds to provide financial assistance to address the need for Workforce Housing. The Project includes: [INSERT BREIF DESCRIPTION OF PROJECT INLCUDING TYPE (NEW CONSTRUCTION/ADAPTIVE REUSE, ETC.), AND NUMBER OF UNITS]. The Borrower will comply with all requirements as further described in Exhibit A attached to this Deferred Loan Agreement and incorporated by reference. The Borrower will be in compliance with the Workforce Housing Development Program Guide, as amended (the “Program Guide”), which is incorporated into this Deferred Loan Agreement by reference.