Failure to Complete. The Owner fails to complete or prosecute the Improvements continually and in good faith in a workmanlike manner and in accordance with the Schedule and the terms of this RFA. The deadline for completion of work may not extend beyond twenty-one (21) months following the closing, so as to allow at least three months for final inspections and reimbursements. Notwithstanding any other provisions of this RFA, beginning twenty-four (24) months following the closing, no further disbursements may be made except to disburse the remaining balance to HUD at the direction of the Secretary as provided for elsewhere in this RFA; or
Appears in 3 contracts
Sources: Funding Agreement, Funding Agreement, Retrofit Funding Agreement