Common use of Funding Cancellation and Termination for Convenience Clause in Contracts

Funding Cancellation and Termination for Convenience. When the Executive Director of the Authority makes a written determination that funds of the Authority will not be appropriated or otherwise available to support continuation of performance of this Origination Agreement, it shall be canceled. Such determination shall be final and conclusive. This Agreement may be terminated, in whole or in part, by the Authority whenever, for any reason, the Authority determines that such termination is in the best interest of the Authority by notice in writing pursuant to Section 7.03 hereof.

Appears in 6 contracts

Samples: Mortgage Origination and Sale Agreement, Mortgage Origination and Sale Agreement, Mortgage Origination and Sale Agreement

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Funding Cancellation and Termination for Convenience. When the Executive Director of the Authority makes a written determination that the funds of or bond volume from the Authority will not be appropriated or otherwise available to support continuation of performance of this Origination Agreement, it shall be canceled. Such determination shall be final and conclusive. This Origination Agreement may be terminated, in whole or in part, by the Authority whenever, for any reason, the Authority determines that such termination is in the best interest of the Authority by notice in writing pursuant to Section 7.03 8.03 hereof.

Appears in 2 contracts

Samples: Mortgage Origination and Sale Agreement, Mortgage Origination and Sale Agreement

Funding Cancellation and Termination for Convenience. When the Executive Director of the Authority makes a written determination that funds of the Authority will not be appropriated or otherwise available to support continuation of performance of this Origination Agreement, it shall be canceled. Such determination shall be final and conclusive. This Agreement may be terminated, in whole or in part, by the Authority whenever, for any reason, the Authority determines that such termination is in the best interest of the Authority by notice in writing pursuant to Section 7.03 hereof.hereof.β€Œ

Appears in 1 contract

Samples: Mortgage Origination and Sale Agreement

Funding Cancellation and Termination for Convenience. When the Executive Director of the Authority makes a written determination that the funds of or bond volume from the Authority will not be appropriated or otherwise available to support continuation of performance of this Origination Agreement, it shall be canceled. Such determination shall be final and conclusive. This Origination Agreement may be terminated, in whole or in part, by the Authority whenever, for any reason, the Authority theAuthority determines that such termination is in the best interest of the Authority by notice in writing pursuant to Section 7.03 hereof.

Appears in 1 contract

Samples: Mortgage Origination and Sale Agreement

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Funding Cancellation and Termination for Convenience. When the Executive Director of the Authority makes a written determination that funds of the Authority will not no longer be appropriated or otherwise available to support continuation of performance of this Origination Agreement, it shall be canceled. Such determination shall be final and conclusive. This Origination Agreement may be terminated, in whole or in part, by the Authority whenever, for any reason, the Authority determines that such termination is in the best interest of the Authority by notice in writing pursuant to Section 7.03 hereof.

Appears in 1 contract

Samples: Mortgage Credit Certificate Program Loan Origination Agreement

Funding Cancellation and Termination for Convenience. When the Executive Director of the Authority makes a written determination that funds of the Authority will are not be appropriated or otherwise available to support continuation of performance of this Origination Agreement, it shall be canceled. Such determination shall be final and conclusive. This Origination Agreement may be terminated, in whole or in part, by the Authority whenever, for any reason, the Authority determines that such termination is in the best interest of the Authority by notice in writing pursuant to Section 7.03 hereof.

Appears in 1 contract

Samples: MCC Loan Origination Agreement

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