Examples of Origination Period in a sentence
The Participants acknowledge that the Issuer or Servicer may terminate any Origination Period at any time upon written notice to Participants if the Trustee, the Issuer or the Certificate Purchaser if other than the Trustee or Issuer, fails to purchase GNMA Certificates, Xxxxxxx Mac Securities or Xxxxxx Xxx Securities in accordance with the Servicing Agreement.
All Program Allocations shall terminate automatically upon the termination of the related Origination Period.
The Purchaser acknowledges that the Series A Preferred Stock and the Common Stock issuable upon the conversion of the Series A Preferred Stock have not been registered under the Securities Act or under any state or other applicable securities laws.
Lender shall originate Mortgage Loans and close and deliver such Mortgage Loans at such times as will enable the Servicer to Purchase such Mortgage Loans during the related Origination Period, and as set forth in the Invitation, the Administrator’s Guidelines and the Lender Manual.
During the Origination Period with respect to a Program, a Lender, with the prior written consent of the Local HFA and the Program Administrator, may transfer all or a portion of its Program Allocation to one or more other Lenders.