Examples of Subordination Request in a sentence
Developer acknowledges that, under existing law (including the IFD Act), the Subordination Request must be undertaken in connection with the formation of an IFD and would take the form of a conditional allocation of Increment by the Other Taxing Agencies.
In addition, the Trustee may act upon any Subordination Request or Release Request by the Company (or with respect to any Security Documents, the grantor of the Security Interest thereunder) on behalf of the Company.
For each IFD, the IFP will provide that, at the request of Developer, the IFD will submit a Subordination Request to each of the Other Taxing Agencies at least ninety (90) days prior to the date proposed for delivery of a preliminary official statement for any IFD Debt.
Upon receipt of all of these documents from the lender the DPD staff can initiate processing the Subordination Request.
At the request of Developer, the City will submit a Subordination Request to each of the Other Taxing Agencies at least ninety (90) days prior to the date proposed for delivery of a preliminary official statement for any IFD Debt.
On roll call vote, motion carried unanimously.K.3. It was moved by Alderperson Bogdala, seconded by Alderperson Green, to approve the Subordination Request of Kenosha Seniors Limited Partnership for HOME loans in the amount of$240,500 and $16,500 to Wisconsin Housing and Economic Development Authority (WHEDA) in the amount of $1,367,645.00.
The subrecipient may also provide the homeowner with a Subordination Request Form for future use.
Subordination Request – Planning Dept.Lauren Luce, Senior Planner, explained the following: on April 18, 2019, a request for subordination of liens was received from USDA Rural Development.
In addition, the Trustee may act upon any Subordination Request or Release Request by the Company (or with respect to any Security Documents, the grantor of the security interest thereunder) on behalf of the Company.
REPORT: April 11, 2005 Letter to BoardPROPOSED ACTION: Approve Subordination Request and AuthorizeGeneral Manager to Acknowledge Approval Action: Motion by Tucker, second by Lundie, to approve the Minutes.