Type and Term definition
Examples of Type and Term in a sentence
Contract Type and Term: Extension Amendment 2-year term, July 1, 2022 through June 30, 2024 Termination Clause: 90-day without cause termination clause.
Contract Type and Term: Master Agreement and Order Form July 3, 2022 – July 2, 2025 Termination Clause: Termination for Cause: Agreement may be terminated for cause by either party with 30 days’ written notice.
Mortgage Products/Features • Eligible: • All standard fully amortizing FRMs and 30-year ARM (including Amortization Type and Term) products with initial fixed rate periods of at least 3 years per Selling Guide, including high-balance mortgages.
Maximum LTV/CLTV/HCLT (%) 80/80/80 Minimum Representative FICO Credit Score 720 Loan Purpose • Purchase • LCOR Occupancy/Number of Units • Primary Residence • 1-unit Mortgage Products/Features (including Amortization Type and Term) • Fully-amortizing (FA) Mortgages: • FA-FRMs: Standard per Selling Guide, with terms up to 30 years.
Type and Term) • Unless otherwise provided in this Variance, products must meet the standard eligibility requirements for the specific mortgage type, property type or feature per Selling Guide, for example: • IO features • Cooperative share loans • Manufactured housing • High-balance Mortgages Eligible ARM Plan Numbers Per Selling Guide, as applicable to the standard eligibility requirements for the specific mortgage type.
Contract Type and Term: Renewal Amendment Effective upon signature, expiring June 30, 2025 (3-year term) Termination Clause: 180-day without cause termination clause.
Type and Term) Unless otherwise provided in this Variance, products must meet the standard eligibility requirements for the specific mortgage type, property type or feature per Selling Guide, for example: IO features Cooperative share loans Manufactured housing High-balance Mortgages Eligible ARM Plan Numbers Per Selling Guide, as applicable to the standard eligibility requirements for the specific mortgage type.
Contract Type and Term: Renewal Agreement Term of contract: 07/01/2023 through 06/30/2024 Termination Clause: Termination for Cause: Either party may terminate the Agreement for cause.
Contract Type and Term: New Agreement November 1, 2020 – October 31, 2021 Termination Clause: AHS may terminate the Agreement by providing 30 days written notice.
Contract Type and Term: Amendment 6/1/23 – 7/31/23 Termination Clause: AHS may terminate for convenience at any time.