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.

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).

Examples of Rate Lock Expiration Date in a sentence

• If the City 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, City agrees to pay Purchaser upon demand any Break Fees applicable to any extension of the Rate Lock Expiration Date.

• If the purchase of the Bonds does not close on or before the Rate Lock Expiration Date, the City 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.

• Interest Rate: per annum Rate Lock Date: December , 2019 Par Amount: Not to exceed $3,000,000 Rate Lock Expiration Date: February 15, 2020 Closing Date: On or prior to January 15, 2020 Capitalized terms used but not defined herein shall have the meanings ascribed thereto in the Agreement.

• 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.

• 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.

• 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.

• 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.

• 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.

• Interest Rate: per annum Rate Lock Date: December , 2019 Par Amount: Not to exceed $5,000,000 Rate Lock Expiration Date: February 15, 2020 Closing Date: On or prior to January 15, 2020 Capitalized terms used but not defined herein shall have the meanings ascribed thereto in the Agreement.

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 (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).