Common use of Reservation Requests and Reservation Fees Clause in Contracts

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.

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 ▇▇▇▇▇▇ Mae 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, AFFORDABLE HOME PROGRAM GUIDE, MY HOME PROGRAM GUIDE, HELPING TO OWN PROGRAM GUIDE, GUIDE AND 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, AFFORDABLE HOME PROGRAM GUIDE, MY HOME PROGRAM GUIDE, HELPING TO OWN PROGRAM GUIDE, GUIDE AND 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.