Examples of Annual Assessment in a sentence
Each Qualified Issuer and Eligible CDFI will be required to have an independent third-party conduct an Annual Assessment of its Bond Loan portfolio.
The Annual Assessment is intended to support the CDFI Fund’s annual monitoring of the Bond Loan portfolio and to collect financial health, internal control, investment impact measurement methodology information related to the Eligible CDFIs. This assessment is consistent with the program’s requirements for Compliance Management and Monitoring (CMM) and Portfolio Management and Loan Monitoring (PMLM), and will be required pursuant to the Bond Documents and the Bond Loan documents.
The Annual Assessment criteria for Qualified Issuers and Eligible CDFIs is available on the CDFI Fund’s website.
The first Annual Assessment shall be adjusted according to the number of months remaining in the calendar year.
Written notice of the Annual Assessment shall be sent to every Owner subject thereto.