Common use of Certification of Substantial Compliance Clause in Contracts

Certification of Substantial Compliance. Complete, original certification (Attachment G). The High Bidder must certify to HUD that any/all projects that are owned by the High Bidder or its affiliates and are located in the same jurisdiction (city or town) where the Project is located are in substantial compliance with applicable state and local housing statutes, regulations, ordinances and codes. NOTE: If HUD determines that such projects of the High Bidder are not in substantial compliance with state and local codes, HUD may refuse to sell the Project to the High Bidder and retain its ▇▇▇▇▇▇▇ Money Deposit.

Appears in 1 contract

Sources: Foreclosure Sale Agreement

Certification of Substantial Compliance. Complete, original certification (Attachment G). The High Bidder must certify to HUD that any/all projects properties that are owned by the High Bidder or its affiliates Affiliates and are located in the same jurisdiction (city or town) where the Project Property is located are in substantial compliance with applicable state and local housing statutes, regulations, ordinances and codes. NOTE: If HUD determines that such projects properties of the High Bidder are not in substantial compliance with state and local codes, HUD may refuse to sell the Project Property to the High Bidder and retain its ▇▇▇▇▇▇▇ Money Deposit.

Appears in 1 contract

Sources: Foreclosure Sale Agreement