Common use of Lender’s Performance Clause in Contracts

Lender’s Performance. (a) The City shall periodically review Lender’s performance under this Agreement, including but not limited to the number of loans originated, loan performance, types of loans made available to Eligible Borrowers including for the City’s Below Market Rate (BMR) Units and marketing of DALP and other services to Eligible Borrowers, including homebuyer education provided to applicants. In the event the City determines that the Lender has not satisfactorily performed its obligations under this Agreement, the City shall provide written notice of that fact to the Lender. If, in the City's reasonable judgment, the Lender has not remedied this situation within sixty (60) days of the City’s notice, the City may automatically terminate this Agreement by written notice to the Lender.

Appears in 3 contracts

Samples: Agreement, Lender Participation Agreement, Lender Participation Agreement

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Lender’s Performance. (a) The City shall periodically review Lender’s performance under this Agreement, including but not limited to the number of loans originated, loan performance, types of loans made available to Eligible Borrowers including for refinancing on the DALP financed properties, the City’s Below Market Rate (BMR) Units and Units, marketing of DALP and other services to Eligible Borrowers, including and providing homebuyer education provided to applicants. In the event the City determines that the Lender has not satisfactorily performed its obligations under this Agreement, the City shall provide written notice of that fact to the Lender. If, in the City's reasonable judgment, the Lender has not remedied this situation within sixty thirty (6030) days of the City’s notice, the City may automatically terminate this Agreement as to Lender and all of its MLOs by written notice to the Lender.

Appears in 2 contracts

Samples: Agreement, Agreement

Lender’s Performance. (a) The City shall will periodically review LenderXxxxxx’s performance under this Agreement, including including, but not limited to to, the number of loans originated, loan performance, types of loans made available to Eligible Borrowers including for (such as refinancing on the City’s Below Market Rate (BMR) Units and BMR Units, marketing of DALP and other services to Eligible Borrowers), including and providing homebuyer education provided to applicants. In the event the City determines that the Lender has not satisfactorily performed its obligations under this Agreement, the City shall will provide written notice of that fact to the Lender. If, in the City's reasonable judgment, the Lender has not remedied this situation within sixty thirty (6030) days of the City’s notice, the City may automatically terminate this Agreement as to Lender and all of its MLOs by written notice to the Lender.

Appears in 1 contract

Samples: Lender Participation Agreement

Lender’s Performance. (a) The City shall periodically review Lender’s performance under this Agreement, including but not limited to the number of loans originated, loan performance, types of loans made available to Eligible Borrowers including for refinancing on the City’s Below Market Rate (BMR) Units and BMR Units, marketing of DALP and other services to Eligible Borrowers, including and providing homebuyer education provided to applicants. In the event the City determines that the Lender has not satisfactorily performed its obligations under this Agreement, the City shall provide written notice of that fact to the Lender. If, in the City's reasonable judgment, the Lender has not remedied this situation within sixty thirty (6030) days of the City’s notice, the City may automatically terminate this Agreement as to Lender and all of its MLOs by written notice to the Lender.

Appears in 1 contract

Samples: Lender Participation Agreement

Lender’s Performance. (a) The City shall will periodically review LenderXxxxxx’s performance under this Agreement, including including, but not limited to to, the number of loans originated, loan performance, types of loans made available to Eligible Borrowers including for (such as refinancing on the City’s Below Market Rate (BMR) Units and DALP financed properties, marketing of DALP and other services to Eligible Borrowers), including and providing homebuyer education provided to applicants. In the event the City determines that the Lender has not satisfactorily performed its obligations under this Agreement, the City shall will provide written notice of that fact to the Lender. If, in the City's reasonable judgment, the Lender has not remedied this situation within sixty thirty (6030) days of the City’s notice, the City may automatically terminate this Agreement as to Lender and all of its MLOs by written notice to the Lender.

Appears in 1 contract

Samples: Lender Participation Agreement

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Lender’s Performance. (a) The City shall will periodically review Lender’s performance under this Agreement, including including, but not limited to to, the number of loans originated, loan performance, types of loans made available to Eligible Borrowers including for (such as refinancing on the City’s Below Market Rate (BMR) Units and DALP financed properties, marketing of DALP and other services to Eligible Borrowers), including and providing homebuyer education provided to applicants. In the event the City determines that the Lender has not satisfactorily performed its obligations under this Agreement, the City shall will provide written notice of that fact to the Lender. If, in the City's reasonable judgment, the Lender has not remedied this situation within sixty thirty (6030) days of the City’s notice, the City may automatically terminate this Agreement as to Lender and all of its MLOs by written notice to the Lender.

Appears in 1 contract

Samples: Lender Participation Agreement

Lender’s Performance. (a) The City shall periodically review LenderXxxxxx’s performance under this Agreement, including but not limited to the number of loans originated, loan performance, types of loans made available to Eligible Borrowers including for the City’s Below Market Rate (BMR) Units and marketing of DALP and other services to Eligible Borrowers, including homebuyer education provided to applicants. In the event the City determines that the Lender has not satisfactorily performed its obligations under this Agreement, the City shall provide written notice of that fact to the Lender. If, in the City's reasonable judgment, the Lender has not remedied this situation within sixty (60) days of the City’s notice, the City may automatically terminate this Agreement by written notice to the Lender.

Appears in 1 contract

Samples: Agreement

Lender’s Performance. (a) The City shall will periodically review Lender’s performance under this Agreement, including including, but not limited to to, the number of loans originated, loan performance, types of loans made available to Eligible Borrowers including for (such as refinancing on the City’s Below Market Rate (BMR) Units and BMR Units, marketing of DALP and other services to Eligible Borrowers), including and providing homebuyer education provided to applicants. In the event the City determines that the Lender has not satisfactorily performed its obligations under this Agreement, the City shall will provide written notice of that fact to the Lender. If, in the City's reasonable judgment, the Lender has not remedied this situation within sixty thirty (6030) days of the City’s notice, the City may automatically terminate this Agreement as to Lender and all of its MLOs by written notice to the Lender.

Appears in 1 contract

Samples: Lender Participation Agreement

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