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.
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.
The requirements for coverage ratios will be set forth in the Conditional commitment letter and RESP borrower’s loan documents with RUS.
All RUS requirements and loan conditions specified in the Conditional commitment letter must be met before the loan will be advanced.
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.
The RESP applicant must acknowledge re- ceipt of the Conditional commitment letter and notify RUS in writing within60 days or otherwise specified in the Conditional commitment letter that it has reviewed and understood the condi- tions set forth in the Conditional com- mitment letter and that it is the intent of the RESP applicant to meet all the conditions.
A successful RESP loan applicant will re- ceive a Conditional commitment letter from the Administrator notifying the RESP applicant of the total loan amount approved by RUS; any addi- tional controls on the its financial, in- vestment, operational and managerial activities; acceptable security arrange- ments; and such other conditions deemed necessary by the Adminis- trator to adequately secure the Gov- ernment’s interest, ensure repayment, and abide by the RESP requirements as outlined in this Part.
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.
A successful loan RESP Applicant will receive a Conditional commitment letter from the Administrator notifying the 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 and ensure repayment.