Common use of Proceeds of Reservation Fee Clause in Contracts

Proceeds of Reservation Fee. The Reservation Fee submitted to the Authority by Participant in connection with a Reservation Request shall be retained by the Authority. If a Participant desires to cancel a Reservation Request after submission of a Reservation Fee, such cancellation shall be subject to the terms and conditions set forth in the applicable Program Guide.

Appears in 9 contracts

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

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Proceeds of Reservation Fee. The Reservation Fee submitted to the Authority by Participant in connection with a Reservation Request shall be retained by the Authority. If a Participant desires to cancel a Reservation Request after submission of a Reservation Fee, Fee such cancellation shall be subject to the terms and conditions set forth in the applicable Program Guide.

Appears in 3 contracts

Samples: MCC Loan Origination Agreement, Mortgage Credit Certificate Program Loan Origination Agreement, MCC Loan Origination Agreement

Proceeds of Reservation Fee. The Reservation Fee submitted to the Authority by Participant in connection with a Reservation Request shall be retained by the Authority. If a Participant desires to cancel a Reservation Request after submission of a Reservation Fee, such cancellation shall be subject to the terms and conditions set forth in the applicable Program Guide.

Appears in 2 contracts

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

Proceeds of Reservation Fee. The Reservation Fee submitted to the Authority with each accepted Reservation submitted by Participant in connection with a Reservation Request shall be retained by the Authority. If In the event that a Participant desires to cancel a an accepted Reservation Request after submission of a Reservation Fee, the Authority shall retain such cancellation shall be subject to the terms and conditions set forth amount as detailed in the applicable Fee Schedule contained in the Program Guide.

Appears in 1 contract

Samples: Mortgage Origination and Sale Agreement

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Proceeds of Reservation Fee. The Reservation Fee submitted to the Authority by Participant in connection with a Reservation Request shall be retained by the Authority. If a Participant desires to cancel a Reservation Request after submission of a Reservation Fee, such cancellation shall be subject to the terms and conditions set forth in the applicable Program Guide.Guide.β€Œ

Appears in 1 contract

Samples: Mortgage Origination and Sale Agreement

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