HUD Addendum Clause Samples
HUD Addendum. Sublessor, Landlord and Sublessee shall execute and deliver an Addendum to Operating Lease (HUD Form 91116-ORCF) and any and all other documents required by HUD in connection with HUD’s approval of Sublessee as the operator of the Facility, in form and substance reasonably acceptable to Sublessee.
HUD Addendum. That certain Lease Addendum – Multifamily (“Addendum”) is attached hereto and hereby amends and/or supplements the Lease. Lessor hereby acknowledges and agrees that the indemnity obligations of Lessee under Sections 6.3, 9.2, 10.1 and 27.8 of this Lease shall not be assumed by HUD (as defined in the Addendum) in the event HUD becomes lessee under this Lease.
HUD Addendum. The Lease is amended by the HUD Lease Addendum (HUD- 92070M), which attached to the Lease and made a part of thereof.
HUD Addendum. The Lease is subject to a certain HUD Lease Addendum (HUD-92070M) attached thereto and by reference incorporated therein which provides for, among other things, an option for HUD to purchase ▇▇▇▇▇▇’s interest in the Property under certain circumstances.
HUD Addendum. The parties agree to comply with provisions of the HUD Addendum attached as Exhibit B hereto which is incorporated herein by reference.
HUD Addendum. If the Property receives Federal aid, assistance (i.e. Section 8) or is listed as a HUD Property more stringent standards apply to the RRP rule. Federal law under the HUD Lead Safe Housing Rule (LSHR) requires that individuals receive certain information before renovating more than two square feet of painted surfaces in a room or more than ten percent of a painted surface component for interior projects or more than twenty square feet of painted surfaces for exterior projects or window replacement or demolition in housing (residence, apartments, condo), child care facilities and schools built before 1978. If the area of painted surface(s) being disturbed total more than two square feet in a room or more than ten percent of a surface component for interior projects or more than twenty square feet of painted surfaces for exterior projects, window replacement or demolition, the certified renovator must test those areas being disturbed by using an approved EPA- recognized lead test method(s) or has the right to presume the work area(s) meet the criteria for lead-based paint to be present. If the test method detects the potential for lead-based paint to be present within the work area(s) or is presumed to be present, the EPA certified contactor (We) must use and abide by the lead-safe work practices set forth in the EPA’s RRP Rule. At the completion of the interior and/or exterior work either an EPA certified lead dust wipe Sampling technician, lead- based paint Assessor or lead risk Assessor must conduct the visual Assessment and Sampling to determine the success of the renovation activity in the work area(s).
HUD Addendum. 24.1 The provisions of the Master Lease Addendum attached hereto (the "Addendum") are incorporated into this Lease by this reference. For so long as HUD is the holder or insurer of any indebtedness secured by the Leased Premises, the provisions of the Addendum shall apply to this Lease.
24.2 In the event of any conflict between any provision of the Addendum and any other provision of this Lease, the provision of the Addendum shall govern and control.
24.3 The Addendum shall not be modified or removed from this Lease without the prior written consent of HUD and Lender, unless the Leased Premises is no longer security for the Loan.