Common use of Notification of Program Clause in Contracts

Notification of Program. DCHFA agrees to deliver to the Mortgage Lender, or make available through electronic means, a Program notification of the availability of funds under a Program (the "Notice)". The Notice shall include a copy of the Program Supplement or a reference to a site where the Program Supplement and Program Origination Manual are available. In order to participate in a Program, Mortgage Lender must execute and return to DCHFA the Program Supplement. If the Mortgage Lender has already executed a Program Supplement for a particular Program it does not need to execute the Program Supplement again unless it has been supplemented or amended. If the Program Supplement has been supplemented or amended, a statement to that effect will be included in the notice of DCHFA. Execution and delivery of this Program Agreement does not guaranty qualification for participation by Mortgage Lender in any particular Program. DCHFA will notify, or cause the Servicer to notify, the Mortgage Lender if (i) it is not qualified for participation in a new Program for which such Mortgage Lender has submitted an executed Program Supplement or (ii) it is no longer qualified to participate in an existing Program for which it has previously submitted an executed Program Supplement. Notwithstanding anything contained in this Section 4.1, failure by DCHFA to provide notice of availability of an existing Program or a new Program shall not be a default hereunder or result in any liability of DCHFA to any Mortgage Lender.

Notification of Program. DCHFA agrees to deliver to the Mortgage Lender, or make available through electronic means, a Program notification of the availability ava xxx xxxxxx of funds under a Program Progra m (the "Notice)". The Notice shall include a copy of the Program Supplement or a reference to a site where the Program Supplement and Program Origination Manual are available. In order to participate in a Program, Mortgage Lender must execute and return to DCHFA the Program Supplement. If the Mortgage Lender has already executed a Program Supplement for a particular Program pa rticula r Progra m it does not need to execute the Program Supplement again unless it has been supplemented or amended. If the Program Supplement has been supplemented or amended, a statement to that effect will be included in the notice of DCHFA. Execution and delivery of this Program Progra m Agreement does not guaranty qualification qua lifica tion for participation by Mortgage Lender in any particular Program. Progra m. DCHFA will notify, or cause the Servicer to notify, the Mortgage Lender if (i) it is not qualified qua lified for participation in a new Program Progra m for which such Mortgage Lender has submitted an executed Program Supplement or (ii) it is no longer qualified to participate in an existing Program for which it has previously submitted an executed Program Supplement. Notwithstanding anything contained in this Section 4.1, failure by DCHFA to provide notice of availability ava xxx xxxxxx of an existing Program Pro gra m or a new Program shall not be a default hereunder or result in any liability of DCHFA to any Mortgage Lender.