Loan Processing. (a) Chase Texas will enter information with respect to the interest rate, amortization schedule, maturity date and related information for each Senior Loan into the "Wall Street Office" software program of Financial Computer Software, L.P. ("WSO") selected by the Fund;
(b) The Fund will not make any changes to the WSO software program without the approval of Chase Texas;
(c) Chase Texas will make adjustments on each Business Day to WSO to account for principal and interest payments received on the Senior Loans and interest rate resettings;
(d) The Fund will forward all notices received from the Investment Adviser, a Lender or an Agent Bank with respect to the Senior Loans to Chase Texas;
(e) Chase Texas will coordinate funding requests with the Fund in response to Lender or Agent Bank notices pertaining to additional borrowings;
(f) Chase Texas will prepare an electronic extract of data from the WSO database on each Business Day and deliver a copy of same to the Fund;
(g) The Fund will provide Chase Texas with written confirmation of all pricing data on each Business Day. Chase Texas (utilizing the WSO accounting package provided to Chase Texas by the Fund, and after receipt by Chase Texas of written confirmation of pricing data from the Fund) will provide Chase Boston with information reasonably requested by Chase Boston to enable Chase Boston to perform net asset value calculations with respect to the loans on each Business Day; and
(h) Chase Texas will reconcile purchases and sales of Senior Loans and Financial Assets with the Investment Adviser on each Business Day. SCHEDULE B DESCRIPTION OF FUND ACCOUNTING SERVICES Chase Boston shall provide the following accounting services to the Fund:
A. Maintenance of the books and records for the Fund's assets, including records of all securities transactions.
B. Calculation of each Fund's, portfolios' or classes' net asset value in accordance with the Prospectus and after receipt of written confirmation of all pricing data from the Fund, and after the fund, portfolio or class meets eligibility requirements, transmission to NASDAQ and to such other entities as directed by the Fund.*
C. Accounting for dividends and interest received and distributions made by the Fund.
D. Coordination with the Fund's independent auditors with respect to the annual audit, and as otherwise requested by the Fund.
E. As mutually agreed upon, domestic and/or international reports.
Loan Processing. If a loan and/or grant application is approved, the County will:
i. Conduct initial inspection of properties of eligible applicants and prepare inspection reports.
ii. Assist eligible applicants with securing contractual services to undertake eligible work, including preparing bid packages, noticing the availability of bid packages, reviewing bids received, and confirming the contractor and any subcontractors are not on the list of debarred, suspended, or ineligible contractors. The County may assist the applicant in choosing a contractor from the County‟s courtesy list of contractors or may assist the applicant in choosing a contractor who has a license from the State Contractor‟s Board and a business license from the City of Walnut Creek.
iii. Assist eligible applicants with the preparation of loan/grant application documents.
iv. If a loan is being made, prepare the loan documents between the homeowner and the City, under which the homeowner evidences its obligation to repay the loan through the execution of a promissory note, which note is secured by a deed of trust that names the City as the beneficiary. If a grant is made, prepare the grant documents between the homeowner and the City.
v. Verify the contractor‟s general liability, automobile liability and workers‟ compensation insurance coverage prior to each project start date. Contractor‟s general liability policy must list the County and the City as additional insureds.
vi. Verify the contractor‟s licenses including a business license from the City, and evaluation of contractor‟s qualifications. For work exceeding $2,000, verify that the contractor has a license from the State Contractor‟s Board.
vii. Coordinate the signing of Rehabilitation Contract with selected Contractor, prior to initiation of work. Upon signature, homeowner will be provided an anticipated timeline and completion date for the work.
viii. Perform periodic inspections to determine that work is being performed in accordance with the contract between the homeowner and the contractor.
ix. Perform final inspection to determine that the work has been completed in accordance with the terms of the contract between the homeowner and the contractor.
x. If work is performed in accordance with homeowner‟s contract with the contractor during the term of the contract, with homeowner‟s agreement, make progress payments to contractor. Progress payments are to be made by the County within 30 days following its receipt of a request from the con...
Loan Processing. OLB may submit loan applications it has originated to MMP loan processing. MMP agrees to promptly and diligently process such loan applications in compliance with all applicable laws and regulations. MMP will make every reasonable effort to ensure that all loan applications are fully processed to the extent that OLB’s chosen lender’s requirements are satisfied.
Loan Processing. WFHM shall process all mortgage loan applications taken by Venture in accordance with the standards set forth in Paragraph 2.15 below and shall comply with the covenants set forth in Paragraph 2.16 below.
Loan Processing. If so directed by a Plan Sponsor, Boston Financial will receive for acceptance written loan instructions and direction via facsimile, or other mutually agreed upon methods, from Plan Sponsors or Participants. If directed by Pioneer and agreed to by Boston Financial, Boston Financial shall provide loan modeling via the Plan Web functionality and generate loan documentation and loan proceeds as directed by the Plan Sponsor or Participant. EXHIBIT C to SCHEDULE I SUB-TRANSFER AGENCY SERVICES EMPLOYER SPONSORED RETIREMENT PLAN SERVICES
Loan Processing. 1. Provide trade processing support for loan transactions including recording trade settlements, reconciliation of settlements and tracking associated loan documentation.
2. Provide asset servicing support related to loan positions including liaising with the loan agent on various aspects of loan maintenance and reconciliation.
3. Provide payment information to the Fund and Management for review through SS&C’s wire payment application with respect to loan payments, drawdowns and other loan life cycle events.
4. Obtain and maintain static data on loan facilities subject to receipt from the applicable agent bank
5. Provide loan information reporting (e.g., trade blotter, market value position report and loan contract position report) to the Fund and Management.
6. Store agent bank notices received with respect to loan positions and make available to the Fund and Management in a format as agreed in writing with Management.
Loan Processing. If a loan application is approved, the County will:
i. Conduct initial inspection of properties of eligible applicants and prepare inspection reports.
ii. Assist eligible applicants with securing contractual services to undertake eligible work, including preparing bid packages, noticing the availability of bid packages, reviewing bids received, and confirming the contractor and any subcontractors are not on the County list of debarred, suspended, or ineligible contractors. The County may assist the applicant in choosing a contractor from the County’s courtesy list of contractors or may assist the applicant in choosing a contractor who has a license from the State Contractor’s Board and a business license from the City.
iii. Assist eligible applicants with the preparation of loan application documents.
iv. If a loan is approved, prepare the loan documents between the homeowner and the Housing Authority, under which the homeowner evidences its obligation to repay the loan through the execution of a promissory note, which note is secured by a deed of trust that names the Housing Authority as the beneficiary.
v. Verify the contractor’s general liability, automobile liability and workers’ compensation insurance coverage prior to each project start date. Contractor’s general liability policy must list the County and the Housing Authority as additional insureds.
vi. Verify the contractor’s licenses including a business license from the City, and evaluation of contractor’s qualifications. Verify that the contractor has a license from the State Contractor’s Board.
vii. Coordinate the signing of rehabilitation contract with selected contractor, prior to initiation of work. Upon signature, homeowner will be provided an anticipated timeline and completion date for the work.
viii. Perform periodic inspections to determine that work is being performed in accordance with the contract between the homeowner and the contractor.
ix. Perform final inspection to determine that the work has been completed in accordance with the terms of the contract between the homeowner and the contractor.
x. If work is performed in accordance with homeowner’s contract with the contractor during the term of the contract, with homeowner’s agreement, make progress payments to contractor. Progress payments are to be made by the County within 30 days following its receipt of a request from the contractor for payment in the form of a payment voucher. If work is completed in accordance with homeowne...
Loan Processing. All loans are to be processed by a company approved contract processor. Originator is strictly prohibited from ordering/requesting/receiving loan verifications. Processors shall directly send, receive, and validate any and all loan verifications. Failure to follow these policies may result in forfeiture of compensation on funded transactions. Expenses: Expenses include but are not limited to the company transaction fee, correspondent admin. fee, processing fees, credit report fees, courier and delivery fees, automated underwriting fees, software and website expenses, and any other expenses not paid from the proceeds of a funded loan transaction. Loan expenses also include those paid by Harmony Mortgage Services, Inc. on behalf of the independent contract loan originator. All business related expenses shall be the responsibility of the loan originator. The loan originator is responsible for supplying their work space, hardware, software, professional tools, equipment, materials and supplies, and all other business related expenses as necessary. The loan originator may originate loans ‘virtually’ utilizing technology including email, internet, telephone/VOIP, courier and fax as necessary. Due to state and federal compliance regulations, the originator must subscribe to a compliant origination software and may elect to use Entire Agreement : This Agreement and any other agreement, document or instrument attached hereto or referred to herein, contain the entire Agreement between the parties and supersede all prior agreements and understandings with respect to the subject matter hereof. In the event of any conflict between the terms, conditions and provisions of this and any such agreement, document or instrument, the terms conditions and provisions of this Agreement shall prevail.
Loan Processing. Before the Purchase, First Security shall not make or renew any secured loan in excess of One Hundred Thousand Dollars ($100,000) or any unsecured loan in excess of Twenty-five Thousand Dollars ($25,000) without the prior review and approval of the Holding Company, which will not be unreasonably withheld. First Security shall furnish Holding Company timely copies of its minutes of Board of Directors, Loan Committee and other committee meetings through the date of the Purchase. "U. LOAN LOSS RESERVE. By application of sound banking practices consistently applied, First Security shall maintain its loan loss reserve in an amount that is not less than One and One-half Percent (1.5%) of the principal balance due on outstanding loans including overdrafts (the "Loan Loss Reserve;" provided however, any additions to the Loan Loss Reserve or loan write offs after September 23, 2000 but prior to Closing that are not reflected in the reduced Consideration stated in this Fourth Amendment shall further reduce the Consideration payable at Closing.
Loan Processing. The Client may submit loan applications it has originated to IEP for loan processing. IEP agrees to promptly and diligently process such loan applications in compliance with all applicable laws and regulations. IEP will make every reasonable effort to ensure that all loan applications are fully processed to the extent that the Client’s chosen lender’s requirements are satisfied.
