Reservation of Funds definition

Reservation of Funds means the securing of funding for a particular project proposal based on the understanding that the project will fully satisfy program and Plan requirements.
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Reservation of Funds means a reservation by the Authority, granted and evidenced as provided in the Reservation Procedures, of funds under the Program for the Purchase of a particular Qualified Mortgage Loan.
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Reservation of Funds when required, shall mean written notification to Program Ally of a pre-approved incentive amount, which Ameren Illinois issues after review Program Ally’s request for funds.
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Examples of Reservation of Funds in a sentence

  • Failure to deliver the documentation within the time period specified may result in cancellation of the Reservation of Funds and rate commitment.

  • Upon the Department’s determination that the Lender has satisfied the requirements set forth in this Agreement, which determination shall not be more than thirty (30) business days after receipt of the Collateral Support Application under 4(b), the Department shall send to the Lender a Reservation of Funds Letter in substantially the form set forth in the Application Guidelines.


More Definitions of Reservation of Funds

Reservation of Funds means a reservation of funds under a Program for the purchase by the Servicer of a specified Mortgage Loan from the Participating Lending Institution,
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Reservation of Funds means a reservation of an amount under the Program for purchase by the Servicer of a specified Mortgage Loan from the Participating Lending Institution, as approved by the Servicer and evidenced in accordance with the Reservation Procedures.
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Related to Reservation of Funds

  • freezing of funds means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management;

  • Fund of Funds means a registered investment company or series of a Fund which is managed and administered by Service Company and which invests substantially all of its assets in shares of two or more Funds (or series thereof).

  • restriction of processing means the marking of stored personal data with the aim of limiting their processing in the future;

  • Terms & Conditions means the Special Conditions of Contract and General Conditions of Contract herein mentioned and other stipulations incorporated in any part of Tender Document and /or Agreement.

  • Legitimate law enforcement purpose means a goal within the lawful authority of an officer that is to be achieved through methods or conduct condoned by the officer’s appointing authority.