Common use of Approval of Application Clause in Contracts

Approval of Application. Approval of the Application by the FHLB-NY shall be conditional and shall be subject to the AHP Regulation and the FHLB-NY’s AHP Policies and Practices. Approval shall be effective only upon written notice from the FHLB-NY to the Member.

Appears in 2 contracts

Sources: Affordable Housing Program Direct Subsidy Agreement, Affordable Housing Program Direct Subsidy Agreement