Rate Lock Expiration Date definition

Rate Lock Expiration Date means with respect to any locked loan or Mandatory Commitment is that date by which the applicable loan file(s) must be received by Arc Home, in complete and purchasable form, in order for the Purchase Price Percentage to be honored.
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Rate Lock Expiration Date. May 11, 2001.
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Rate Lock Expiration Date means, unless extended, August 22, 2014. The Bonds are being issued for the purpose of (a) providing funds to the Successor Agency to refund (i) the outstanding Belmont Redevelopment Agency Los Costanos Community Development Project Area Housing Set-Aside Tax Allocation Bonds (Taxable), Series 1996, issued to finance low and moderate income housing activities, and (ii) the outstanding Belmont Redevelopment Agency Los Costanos Community Development Project Area Subordinated Tax Allocation Bonds, Series 1999B, issued to finance redevelopment activities, (b) funding a reserve fund for the Bonds, and (c) paying the costs of issuing the Bonds. The Bonds are being issued pursuant to the provisions of section 34177.5 of the California Health and Safety Code and section 53580 et seq. of the California Government Code and pursuant to a resolution of the Successor Agency adopted on April 22, 2014, resolutions of the Oversight Board of the Successor Agency to the Belmont Redevelopment Agency, adopted on April 10, 2014, and May 8, 2014, and an Indenture of Trust, dated as of August 1, 2014 (the “Indenture”). The Department of Finance of the State (the “Department of Finance”) has issued a letter, dated July 14, 2014, approving the issuance of the Bonds. The Bonds are special, limited obligations of the Successor Agency, payable from, and secured by a lien on Subordinate Tax Revenues (as such term is defined in the Indenture).
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Examples of Rate Lock Expiration Date in a sentence

  • Register / Float / Lock Individual Loans are Registered as:• Float Status (pricing and Rate Lock Expiration Date are not set)• Best Efforts Lock Status• Mandatory Lock Status (provided Seller is eligible to enter into Mandatory commitments with Arc Home) A Seller may register a loan into float status in order to obtain a loan number prior to submission for underwriting with Arc Home or an Approved Contract Underwriter.

  • Register / Float / Lock Individual Loans are Registered as: Float Status (pricing and Rate Lock Expiration Date are not set) Best Efforts Lock Status Mandatory Lock Status (provided Seller is eligible to enter into Mandatory commitments with Arc Home) A Seller may register a loan into float status in order to obtain a loan number prior to submission for underwriting with Arc Home or an Approved Contract Underwriter.

  • If the purchase of the Bonds does not close on or before the Rate Lock Expiration Date, the Successor Agency shall and hereby agrees to promptly pay to Purchaser the Break Fee, but in no event shall such fee be paid later than five (5) Business Days after the Rate Lock Expiration Date.

  • To the extent the Successor Agency is unable to satisfy its obligation to any Break Fee from amounts available from its July 1, 2014, Recognized Obligation Payment Schedule filing, the Successor Agency shall include such Break Fee in the Recognized Obligation Payment Schedule filing next succeeding the Rate Lock Expiration Date.

  • If the Successor Agency requests the Purchaser extend the Rate Lock Expiration Date, and if the Rate Lock Expiration Date is so extended by the Purchaser, in its sole discretion, the Successor Agency agrees to pay Purchaser, upon demand, any Break Fees applicable to any extension of the Rate Lock Expiration Date.

  • The Scheduling Order shall also set either (1) a trial date or (2) a date for a Trial- Setting Conference under Rule 16(f) at which a trial date may be set.

  • After acceptance, this Commitment shall expire on the Rate Lock Expiration Date unless all terms and conditions of this Commitment are satisfied and Rate Lock occurs in accordance with paragraph 6.2 of this Commitment.

  • The schedule of Rate Lock Fees is as follows: Make Whole Fee - If the developer fails to close on its long-term loan on or before the Rate Lock Expiration Date, the Developer will pay a premium (as liquidated damages and not as a penalty) (the “Make Whole Fee”) to offset any related hedge costs incurred by the Agency.

  • The Borrower may request that the Note Rate be established ("Rate Lock") at any time prior to the Rate Lock Expiration Date identified above; provided that the Lender may, at its sole discretion, require up to two (2) Business Days between the Rate Lock Date and the Closing.

  • The Borrower understands that the above provisions may obligate the Borrower to make a significant payment to the Bank in the event the Closing Date does not occur by the Rate Lock Expiration Date or any of the provisions of the Forward Rate set forth above (rate, principal amount, Rate Lock Expiration Date or payment schedule set forth in the attached Schedule A) is changed, and the amount of any such payment cannot be predicted in advance of such event.


More Definitions of Rate Lock Expiration Date

Rate Lock Expiration Date means, unless extended, August 22, 2014. The Bonds are being issued for the purpose of (a) providing funds to the Successor Agency to refund the outstanding Belmont Redevelopment Agency Los Costanos Community Development Project Area Senior Tax Allocation Refunding Bonds, Series 1999A, issued to finance redevelopment activities, (b) funding a reserve fund for the Bonds, and (c) paying the costs of issuing the Bonds. The Bonds are being issued pursuant to the provisions of section 34177.5 of the California Health and Safety Code and section 53580 et seq. of the California Government Code and pursuant to a resolution of the Successor Agency adopted on April 22, 2014, resolutions of the Oversight Board of the Successor Agency to the Belmont Redevelopment Agency, adopted on April 10, 2014, and May 8, 2014, and an Indenture of Trust, dated as of August 1, 2014 (the “Indenture”). The Department of Finance of the State (the “Department of Finance”) has issued a letter, dated July 14, 2014, approving the issuance of the Bonds. The Bonds are special, limited obligations of the Successor Agency, payable from, and secured by a lien on Tax Revenues (as such term is defined in the Indenture).
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Related to Rate Lock Expiration Date

  • L/C Expiration Date means the day that is thirty days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Commitment Expiration Date means the date on which IHCDA’s commitment under the Program expires.

  • Term Expiration Date means the earlier of (i) the date that is thirty (30) years after the Term Commencement Date; provided that if such date occurs within an NFL Season or within thirty (30) days following an NFL Season, such date shall be automatically extended to the date that is thirty (30) days following the end of such NFL Season, as applicable, or (ii) the date on which the Stadium Lease is terminated pursuant to the express rights and terms of the Stadium Lease.

  • Scheduled Expiration Date is defined in Schedule 1 to the Lease.

  • Final Expiration Date shall have the meaning set forth in Section 7(a) hereof.

  • Offer Expiration Date has the meaning set forth in the definition of “Offer to Purchase.”

  • Stated Expiration Date has the meaning specified in Section 3.05(d).

  • Warrant Expiration Date means 5:00 P.M. (New York time) on __________, 2001 or the Redemption Date as defined in Section 8, whichever is earlier; provided that if such date shall in the State of New York be a holiday or a day on which banks are authorized or required to close, then 5:00 P.M. (New York time) on the next following day which in the State of New York is not a holiday or a day on which banks are authorized or required to close. Upon notice to all warrantholders the Company shall have the right to extend the warrant expiration date.

  • Letter of Credit Expiration Date means the day that is seven days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Interest Period End Date means the date or dates specified as such in, or determined in accordance with the provisions of, the Final Terms and, if an Applicable Business Day Convention is specified in the Final Terms, as the same may be adjusted in accordance with the Applicable Business Day Convention or, if the Applicable Business Day Convention is the FRN Convention and an interval of a number of calendar months is specified in the Final Terms as the Interest Accrual Period, such dates as may occur in accordance with the FRN Convention at such specified period of calendar months following the Interest Commencement Date (in the case of the first Interest Period End Date) or the previous Interest Period End Date (in any other case) or, if none of the foregoing is specified in the Final Terms, means the date or each of the dates which correspond with the Interest Payment Date(s) in respect of the Instruments.

  • Interest Period Date means each Interest Payment Date unless otherwise specified hereon.

  • Lease Expiration Date means the later of (i) the date of the final payment in full of the French Advances and (ii) the Vehicle Lease Expiration Date for the last Lease Vehicle leased by the Lessee hereunder. The “Term” of this Agreement shall mean the period commencing on the Lease Commencement Date and ending on the Lease Expiration Date.

  • Revolving Credit Expiration Date means May 1, 2002, or any date to which it may be extended from time to time pursuant to the terms of Section 2.6 hereof.

  • Initial Expiration Date is defined in Section 1.1(c) of the Agreement.

  • Release Expiration Date means the date that is twenty-one (21) days following the date upon which the Company timely delivers to Executive the Release (which shall occur no later than seven (7) days after the Date of Termination), or in the event that such termination of employment is “in connection with an exit incentive or other employment termination program” (as such phrase is defined in the Age Discrimination in Employment Act of 1967, as amended), the date that is forty-five (45) days following such delivery date.

  • Loan Period means with respect to any LIBOR Rate Loan, the period commencing on such LIBOR Rate Loan’s Funding Date, the date of the Conversion of any Base Rate Loan into such LIBOR Rate Loan or the date of the Continuation of such LIBOR Rate Loan for a new Loan Period and ending one week or one, two, three or six months thereafter as selected by the Borrower pursuant to Section 2.2(a); provided, however, that:

  • Cure Expiration Date has the meaning set forth in Section 8.04(a).

  • rest period is a paid interval which is included in the workday and is intended to give the employee an opportunity to have refreshments or a rest.

  • Option Expiration Date means the last day of the maximum term of an Option.

  • Applicable Maturity Date has the meaning assigned to such term in Section 2.25(a).

  • License expiration date means June 30 of even-numbered years.

  • Revolving Line Maturity Date is that date which is two (2) years following the Effective Date.

  • Letter of Credit Maturity Date the date occurring 15 days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Interest Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Payment Date and each successive period beginning on (and including) an Interest Payment Date and ending on (but excluding) the next succeeding Interest Payment Date.

  • Reset Interest Period means each period from (and including) any Reset Date and ending on (but excluding) the next Reset Date.

  • Fixed Interest Period means the period from (and including) an Interest Payment Date (or the Interest Commencement Date) to (but excluding) the next (or first) Interest Payment Date; and