Examples of Escrow Holdback in a sentence
To ensure the provision of sufficient information, instruction and supervision to enable all staff and pupils to reduce exposure to hazards and contribute positively to their own safety and health at work and to ensure that they have access to relevant training and instruction as and when provided.
Escrow Holdback Requirements: To establish an escrow holdback, the following guidelines apply: • Construction of the dwelling must be complete and the property must be suitable for immediate occupancy.• Postponement of the improvements must be beyond the control of the builder/property seller.• The duration of the postponement must not be unreasonable.• Escrow holdbacks are not allowed on manufactured housing.
This is needed because the Escrow Holdback sometimes varies from what is in the Purchase Agreement and MFA needs the exact dollar amount to calculate the Acquisition Cost.
The purpose of the Escrow Holdback shall be to provide Buyer and New Operator with readily available funds for satisfaction of all payment of any amounts due with respect to any of the Seller’s indemnification obligations pursuant to this Agreement and to New Operator under the OTA, in all instances made before the three (3) year anniversary of the Closing Date (the “Escrow Release Date”).
Escrow/Impound requirement 28 Escrow Holdback 28 Assumable 28 Prepayment Penalty 28 Section 32: High-Cost Loans 28 Section 35: Higher Priced Mortgage Loan (HPML) 28 Early Pay Off (EPO’s) 28 Early Payment Default (EPD) 29 Legal Documentation 29 Fraud Prevention 29 Due Diligence 29 1 Introduction Underwriting Philosophy Divine Mortgage (“DIVINE”) originates loans to borrowers on one- to four-family properties.