Common use of Canceling commitment Clause in Contracts

Canceling commitment. If the Lend- er indicates in the acceptance or rejec- tion of conditions that it desires to ob- tain a loan note guarantee and subse- quently decides prior to loan closing that it no longer wants a loan note guarantee, the Lender should imme- diately advise the RHS approval offi- cial. §§ 1980.356–1980.359 [Reserved]

Canceling commitment. If the Lend- er indicates in the acceptance or rejec- tion of conditions that it desires to ob- tain a loan note guarantee and subse- quently decides prior to loan closing that it no longer wants a loan note guarantee, the Lender should imme- diately advise the RHS approval offi- cial. §§ 1980.356–1980.359 [Reserved].