Final Endorsement definition

Final Endorsement. As defined in Section 5.05(d).
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Final Endorsement means and refer to the endorsement, by an authorized signatory of HUD, on the FHA Note, which endorsement signifies, among other things, that HUD has approved the construction of the Improvements, and that HUD's mortgage insurance is continued in force on the FHA Loan for a fixed principal sum.
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Final Endorsement means final endorsement by HUD of the First Priority Loan for mortgage insurance.
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Examples of Final Endorsement in a sentence

  • The Investor Party (A) Investor and Second Party (B) Trustee will fix a private meeting to finalize and sign the Final Endorsement Agreement before the fund will be moved or transferred to the Second Party (B) Trustee Bank account.

  • Commencing on the earlier of the first day of the calendar month commencing after Completion or Final Endorsement, the Partnership shall fund the Reserve For Replacements in an amount equal to $350.00 per apartment per year, increasing by 3% per year.

  • Such contribution shall be in the form of (i) $218,322.00 in cash, not immediately but upon demand by the Managing General Partner at any time and from time to time, provided that all such cash must be contributed at or prior to Final Endorsement; plus (ii) all of its right, title, estate and interest in and to the Land described in Exhibit B, accomplished by a deed to the Partnership from St. ▇▇▇▇▇▇▇ Associates Limited Partnership (in which IBC is a 1 percent partner).

  • Unless otherwise accelerated as provided herein or in the Additional Loan Agreement, the outstanding principal balance shall be payable on the earlier of the 15th anniversary of the Final Endorsement, namely May 14, 2007 (the "Payment Date").

  • In the event that the General Partner determines in its sole judgment and discretion that the number of contingent sales of Penthouses prior to Final Endorsement are insufficient to justify the Condominium Regime, the Partnership shall be authorized to revoke the Condominium Declaration.

  • The outstanding principal balance of this Development Fee Note shall unconditionally be due and payable within six (6) months of receipt of the Final Endorsement of the Project by Maryland DCHD, but no later than December 31, 2019.


More Definitions of Final Endorsement

Final Endorsement means, with respect to an Applicable Series of Bonds, the final endorsement of the Note by HUD for insurance under the National Housing Act, as amended;
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Final Endorsement means the date on which the Mortgage Note is finally endorsed for Mortgage Insurance by FHA, following completion of the Project and compliance with the terms and conditions of the Commitment.
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Final Endorsement means the final endorsement of the Mortgage Note by FHA for FHA Insurance.
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Related to Final Endorsement

  • Indorsement has the meaning specified in Section 8-102(a)(11) of the UCC, and “Indorsed” has a corresponding meaning.

  • Necessary Endorsement means undated stock powers endorsed in blank or other proper instruments of assignment duly executed and such other instruments or documents as the Agent (as that term is defined below) may reasonably request.

  • Licensure by endorsement means the issuance of an Iowa license to practice as a barber to an applicant who is or has been licensed in another state.

  • Endorsement means a written endorsement issued by Us on the Schedule to record any changes to the applicable terms and conditions of this Policy or the details contained in the Schedule. Endorsements shall form a part of this Policy and shall be binding on You and Us. It is agreed that the terms of an Endorsement shall supersede any conflicting provisions in this Policy Document, Rider or Schedule.

  • Endorsement contract means an agreement under which a student athlete is employed or receives consideration to use on behalf of the other party any value that the student athlete may have because of publicity, reputation, following, or fame obtained because of athletic ability or performance.