Examples of Forward Commitment Maturity Date in a sentence
If the Notice of Conversion is issued prior to the Forward Commitment Maturity Date, the Bond Mortgage Loan will convert from the Construction Phase to the Permanent Phase.
The unpaid principal balance of the Funding Loan shall be paid on the dates and in the amounts set forth on the initial Funding Loan Amortization Schedule provided on the Delivery Date and attached as Schedule 1 to the Governmental Note if the Conversion Date occurs on or prior to the initial Forward Commitment Maturity Date.
Notwithstanding any other provision of this Indenture to the contrary, if the Conversion Notice is issued on or before the Forward Commitment Maturity Date, Conversion shall occur on the Conversion Date specified in the Conversion Notice.
Freddie Mac’s Forward Commitment and agreement to provide the bond credit enhancement agreement shall terminate and be of no force or effect in the event that the Seller is unable to fully and totally satisfy each and all of the conditions for Conversion on or before the Forward Commitment Maturity Date or extended Forward Commitment Maturity Date, as applicable.
Defined terms for Forward Commitments (08/30/13) The Seller should be familiar with the following terms applicable to Forward Commitments, which are defined in the Glossary: • Construction Loan • Construction Phase Financing Agreement • Construction Phase Letter of Credit • Conversion • Forward Commitment Maturity Date 28A.3 Forward Commitment Property Inspection (03/03/17) Freddie Mac requires a Forward Commitment Property Inspection for every Forward Commitment.