Common use of Submission of Application and Issuance of Commitment Letters Clause in Contracts

Submission of Application and Issuance of Commitment Letters. The Lender shall comply in all respects with the loan processing procedures and program administration guidelines outlined in the Program Manual and should refer to the Program Manual for specific procedural requirements for submission. Applications for MCCs shall be accepted and processed on a first-come, first-served basis. With respect to each Application submitted to the Administrator for review, the Lender shall retain one (1) copy for its files.

Submission of Application and Issuance of Commitment Letters. The Lender shall comply in all respects with the loan processing procedures and program administration guidelines outlined in the Program Manual and should refer to the Program Manual for specific procedural requirements for submission. Applications for MCCs shall be accepted and processed on a first-come, first-served basis. With respect to each Application submitted to the Administrator Division for review, the Lender shall retain one (1) copy for its files.