Examples of Conditional commitment letter in a sentence
Receipt of a Conditional commitment letter from the Administrator does not authorize the RESP borrower to commence performance under the award.
The Administrator may consider requests to amend the conditions and amend the conditions in a subsequent Conditional commitment letter, when it advances program and policy goals and is in the best interest of the Government.
A successful loan RESP Applicant will receive a Conditional commitment letter from the Administrator notifying it of the total loan amount approved by RUS; any additional controls on the its financial, investment, operational and managerial activities; acceptable security arrangements; and such other conditions deemed necessary by the Administrator to adequately secure the Government’s interest and ensure repayment.
All RUS requirements and loan conditions specified in the Conditional commitment letter must be met before the loan will be advanced.
The requirements for coverage ratios will be set forth in the Conditional commitment letter and RESP borrower’s loan documents with RUS.
The required equity position would be determined by the Administrator on a case-by-case basis and will be set forth in the Conditional commitment letter and the loan documents as a condition to the RESP loan.
Any RUS determinations still needed as specified in the Conditional commitment letter must be concluded before the loan will be made.
A successful RESP loan applicant will receive a Conditional commitment letter from the Administrator notifying the RESP applicant of the total loan amount approved by RUS; any additional controls on the its financial, investment, operational and managerial activities; acceptable security arrangements; and such other conditions deemed necessary by the Administrator to adequately secure the Government’s interest, ensure repayment, and abide by the RESP requirements as outlined in this Part.
The Administrator will only make a loan offer to the RESP Applicant in a Conditional commitment letter.
This, however, does not mean that more students were enrolled in private schools than public schools given that the enrollment numbers in public schools are large.Figure 20: Iraq - Percentage change in enrollment each year, by category, gender In terms of gender, enrollment figures in nonstate schools show a larger increase in female participation in independent and international schools in primary levels.