Reservation Requests and Reservation Fees Sample Clauses

The 'Reservation Requests and Reservation Fees' clause defines the process by which a party can request to reserve a product, service, or property, and outlines the associated fee requirements. Typically, this clause specifies how to submit a reservation request, the amount and timing of any reservation fee, and the conditions under which the fee may be refundable or non-refundable. Its core function is to formalize the reservation process, ensuring both parties understand the financial commitment involved and reducing the risk of misunderstandings or disputes regarding reservations.
Reservation Requests and Reservation Fees. For each Loan or group of Loans which the Participant desires to originate through the Program, the Participant shall make a Reservation Request pursuant to the procedures set forth in the applicable Program Guide. The accepted Reservation Request shall constitute the Participant's agreement to originate the particular Loan(s) as soon as practicable pursuant to the procedures set forth in the applicable Program Guide, and the GNMA Guide, the FHMLC Guide or FNMA guidelines, as applicable to the type of financing. The Participant agrees that prior to issuing a commitment for a Loan to an Eligible Mortgagor for the purchase of a one (1) unit dwelling, the Participant shall have first received an accepted Reservation Request from the Authority with respect to the particular Loan. SPECIFIC REFERENCE IS HEREBY MADE TO THE PROGRAM GUIDES MADE AVAILABLE FROM TIME TO TIME AT ▇▇▇▇▇://▇▇▇.▇▇.▇▇▇/IHCDA/4117.HTM. THE PROVISIONS OF THE PROGRAM GUIDES MADE AVAILABLE FROM TIME TO TIME AT ▇▇▇▇▇://▇▇▇.▇▇.▇▇▇/IHCDA/4117.HTM. ARE HEREBY INCORPORATED HEREIN BY REFERENCE AND ARE DEEMED TO BE A PART OF THIS ORIGINATION AGREEMENT.
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Reservation Requests and Reservation Fees. For each MCC Loan or group of MCC Loans which the Participant desires to originate, the Participant shall make a Reservation Request pursuant to the procedures set forth in the Program Guide. The submission of the corresponding Reservation Fee shall constitute the Participant's agreement to originate the particular MCC Loan(s) set forth in such Reservation Request as soon as practicable pursuant to the procedures set forth in the Program Guide. The Participant agrees that prior to issuing a commitment for a MCC Loan to an Eligible Borrower for the purchase of a Single Family Residence, the Participant shall have first received an accepted Reservation Request from the Authority with respect to the particular MCC Loan. SPECIFIC REFERENCE IS HEREBY MADE TO THE PROGRAM GUIDE. THE PROVISIONS OF THE PROGRAM GUIDE ARE INCORPORATED HEREIN BY REFERENCE AND ARE DEEMED TO BE A PART OF THIS ORIGINATION AGREEMENT.
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Reservation Requests and Reservation Fees. For each Loan or group of Loans which the Participant desires to originate and sell through the Program, the Participant shall make a Reservation Request pursuant to the procedures set forth in the Program Guide. The accepted Reservation shall constitute the Participant's agreement to originate the particular Loan(s) as soon as practicable pursuant to the procedures set forth in the Program Guide and the ▇▇▇▇▇▇ ▇▇▇ Guide or GNMA Guide, as the case may be, and to deliver such Loan(s) for sale to the Servicer within ten (10) business days after the Loan is closed at a price equal to a specified percentage of the aggregate principal amount of such Loan(s) as established under the Program. The Participant agrees that prior to issuing a commitment for a Loan to an Eligible Borrower for the purchase of a Single Family Residence, the Participant shall have first received an accepted Reservation from the Authority with respect to the particular Loan. SPECIFIC REFERENCE IS HEREBY MADE TO THE PROGRAM GUIDE. THE PROVISIONS OF THE PROGRAM GUIDE ARE HEREBY INCORPORATED HEREIN BY REFERENCE AND ARE DEEMED TO BE A PART OF THIS ORIGINATION AGREEMENT.
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Reservation Requests and Reservation Fees. For each Loan or group of Loans which the Participant desires to originate through the Program, the Participant shall make a Reservation Request pursuant to the procedures set forth in the applicable Program Guide. The accepted Reservation Request shall constitute the Participant's agreement to originate the particular Loan(s) as soon as practicable pursuant to the procedures set forth in the applicable Program Guide, the GNMA Guide, the FHMLC Guide or FNMA guidelines, as applicable to the type of financing. The Participant agrees that prior to issuing a commitment for a Loan to an Eligible Borrower for the purchase of a one (1) unit dwelling, the Participant shall have first received an accepted Reservation Request from the Authority with respect to the particular Loan.
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Reservation Requests and Reservation Fees. For each Loan or group of Loans which the Participant desires to originate through the Program, the Participant shall make a Reservation Request pursuant to the procedures set forth in the applicable Program Guide. The accepted Reservation Request shall constitute the Participant's agreement to originate the particular Loan(s) as soon as practicable pursuant to the procedures set forth in the applicable Program Guide, and the GNMA Guide, the FHMLC Guide or FNMA guidelines, as applicable to the type of financing. The Participant agrees that prior to issuing a commitment for a Loan to an Eligible Mortgagor for the purchase of a one (1) unit or two to four (2 – 4) unit family dwelling, the Participant shall have first received an accepted Reservation Request from the Authority with respect to the particular Loan. SPECIFIC REFERENCE IS HEREBY MADE TO THE NEXT HOME PROGRAM GUIDE, MCC PROGRAM GUIDE, HELPING TO OWN PROGRAM GUIDE, HONOR OUR VETS PROGRAM GUIDE, NEXT HOME ADVANTAGE PROGRAM GUIDE AND INDIANA HOME SOLUTION PROGRAM GUIDE. THE PROVISIONS OF THE NEXT HOME PROGRAM GUIDE, MCC PROGRAM GUIDE, HELPING TO OWN PROGRAM GUIDE, HONOR OUR VETS PROGRAM GUIDE, NEXT HOME ADVANTAGE PROGRAM GUIDE AND INDIANA HOME SOLUTION PROGRAM GUIDE ARE HEREBY INCORPORATED HEREIN BY REFERENCE AND ARE DEEMED TO BE A PART OF THIS ORIGINATION AGREEMENT.
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Reservation Requests and Reservation Fees. F or each Loan or group of Loans w hich t he P articipant des ires t o or iginate and s ell, t he P articipant s hall make a R eservation Request pur suant t o t he pr ocedures s et f ▇▇▇▇ i n t he P rogram Guide. T he ac cepted R eservation and su bmission o f the c orresponding R eservation Fee sh all constitute t he P articipant's ag reement to or iginate t he p articular L oan(s) as soon as practicable pursuant to the procedures set forth in the Program Guide and the ▇▇▇▇▇▇ Mae Guide or GNMA Guide, as the case may be, and t o deliver such Loan(s) for sale to the Servicer within ten (10) business days after the Loan is closed at a price equal t o a s pecified per centage of t he ag gregate pr incipal am ount of such Loa n(s) as established under t he P rogram. The P articipant ▇▇ ▇▇▇▇ that prior t o i ssuing a commitment f or a Loan ▇ ▇ ▇ ▇ E ligible B orrower f or t he p urchase o f a S ▇▇▇▇▇ F amily Residence, the Participant shall have f irst received an acc epted Reservation from the Authority with respect to the particular Loan. SPECIFIC REFERENCE IS HEREBY MADE TO THE PROGRAM GUIDE. T HE PROVISIONS O F THE P ROGRAM G UIDE A RE I NCORPORATED HE REIN B Y REFERENCE A ND ARE DEEMED T O BE A PAR T O F T HIS O RIGINATION AGREEMENT.
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Reservation Requests and Reservation Fees. For each Loan or group of Loans which the Participant desires to originate and sell, the Participant shall make a Reservation Request pursuant to the procedures set forth in the Program Guide. The accepted Reservation and submission of the corresponding Reservation Fee shall constitute the Participant's agreement to originate the particular Loan(s) as soon as practicable pursuant to the procedures set forth in the Program Guide and the ▇▇▇▇▇▇ Mae Guide, ▇▇▇▇▇▇▇ Mac Guide, or GNMA Guide, as the case may be, and to deliver such Loan(s) for sale to the Servicer within ten (10) business days after the Loan is closed at a price equal to a specified percentage of the aggregate principal amount of such Loan(s) as established under the Program. The Participant agrees that prior to issuing a commitment for a Loan to an Eligible Borrower for the purchase of a Single Family Residence, the Participant shall have first received an accepted Reservation from the Authority with respect to the particular Loan. SPECIFIC REFERENCE IS HEREBY MADE TO THE PROGRAM GUIDE. THE PROVISIONS OF THE PROGRAM GUIDE ARE INCORPORATED HEREIN BY REFERENCE AND ARE DEEMED TO BE A PART OF THIS ORIGINATION AGREEMENT.
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Related to Reservation Requests and Reservation Fees

  • Disbursement of Loan Proceeds (a) The Trustee, as the agent of the Trust, shall disburse the amounts on deposit in the Project Loan Account to the Borrower upon receipt of a requisition executed by an Authorized Officer of the Borrower, and approved by the Trust, in a form meeting the requirements of Section 5.02(3) of the Bond Resolution. (b) The Trust and Trustee shall not be required to disburse any Loan proceeds to the Borrower under this Loan Agreement, unless: (i) the proceeds of the Trust Bonds shall be available for disbursement, as determined solely by the Trust; (ii) in accordance with the Bond Act, and the Regulations, the Borrower shall have timely applied for, shall have been awarded and, prior to or simultaneously with the Loan Closing, shall have closed a Fund Loan for a portion of the Allowable Costs (as defined in such Regulations) of the Project in an amount not in excess of the amount of Allowable Costs of the Project financed by the Loan from the Trust; (iii) the Borrower shall have on hand moneys to pay for the greater of (A) that portion of the total Costs of the Project that is not eligible to be funded from the Fund Loan or the Loan, or (B) that portion of the total Costs of the Project that exceeds the actual amounts of the loan commitments made by the State and the Trust, respectively, for the Fund Loan and the Loan; and (iv) no Event of Default nor any event that, with the passage of time or service of notice or both, would constitute an Event of Default shall have occurred and be continuing hereunder.

  • Advance Requests Borrower may request that Lender make an Advance by delivering to Lender an Advance Request therefor and Lender shall be entitled to rely on all the information provided by Borrower to Lender on or with the Advance Request. The Lender may honor Advance Requests, instructions or repayments given by the Borrower (if an individual) or by any Authorized Person.

  • Use of Loan Proceeds The Borrower shall use the credit extended under this Agreement solely for the purposes set forth in, or otherwise permitted by, Section 6.4 hereof.

  • Documentation Required The certificates and endorsements shall be received and approved by the District before Work commences. As an alternative, the Contractor may submit certified copies of any policy that includes the required endorsement language set forth herein.

  • Disbursement of Advance Proceeds All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.