Loan Reservations Sample Clauses

Loan Reservations. A Mortgage Lender may reserve funds for a particular loan, on a first-come, first-served basis, in accordance with the procedures set forth in the Program Manual, but must then close and deliver the Mortgage Loan within the time frame specified in the Program Manual. If the Mortgage Loan has a prior reservation, upon the Servicer’s approval of such Mortgage Loan for Purchase, the Servicer will notify the Mortgage Lender in writing that funds will be made available to the Mortgage Lender in the amount of such Mortgage Loan. The Authority has the right unilaterally and in its sole discretion to require any Mortgage Lender to originate a specified Targeted Area Loan from any amounts held available by the Authority for Targeted Area Loans, provided such specified Targeted Area Loan meets the requirements of this Agreement.
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Related to Loan Reservations

  • RESERVATIONS TO MANAGEMENT 3.01 The union recognizes the right of the company to hire, promote, demote, transfer, discipline, suspend or discharge any employee subject to such regulations and restrictions governing the exercise of these rights as are expressly provided in this agreement and subject to the right of the employee concerned to lodge a grievance in the manner and to the extent herein provided. Any change in rules and regulations to be observed by employees shall be negotiated by the parties.

  • Exclusions and Reservations A. Nothing in this Article will be construed as authorizing Company to conduct any business on the Premises, Common Use Areas, or Airport separate and apart from the conduct of its permitted uses as authorized in this Agreement.

  • Replacement of Lenders If any Lender requests compensation under Section 3.04, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, the Borrower may replace such Lender in accordance with Section 10.13.

  • Facility Maintenance Seller shall perform, or cause to be performed, all scheduled and unscheduled maintenance required on the Facilities in order to meet the Warranty Specifications and Performance Standards. In that regard, Seller’s responsibilities hereunder shall include, without limitation, promptly correcting any Bloom System or BOF malfunctions, either by (i) recalibrating or resetting the malfunctioning Bloom System or BOF, or (ii) subject to Section 5.7(b), repairing or replacing Bloom System or BOF components which are defective, damaged, worn or otherwise in need of repair or replacement.

  • Margin of Preference and Reservations 32.1 A margin of preference may be allowed on locally manufactured goods only when the contract is open to international tendering, where the tender is likely to attract foreign goods and where the contract exceeds the threshold specified in the Regulations.

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