Homeownership Initiatives Credit Application Sample Clauses

Homeownership Initiatives Credit Application. The Member hereby applies to the Bank for Subsidy on the terms described below and pursuant to the terms and conditions of the AHP Implementation Plan and the Advances, Pledge, and Security Agreement (“Advances Agreement”) between the Bank and Member. The Member may request disbursements of Subsidy by completing and submitting a Bank prescribed request (“Disbursement Request”) in accordance with the Bank's procedures and policies for the completion of the Disbursement Request in effect at the time of submission. The member is responsible for the content, accuracy and completeness of each Disbursement Request, and for obtaining all authorizations necessary to provide each Disbursement Request (and all associated documents and information) to the Bank. The Bank shall have no obligation to provide a Subsidy under this Agreement unless sufficient funds are available under the Homeownership Initiatives to fully disburse the amount requested and the Bank is satisfied as to Member's creditworthiness and compliance with the terms of the Advances Agreement and the Bank's Credit Policy Manual at the time of funding. The receipt or approval of this Agreement by the Bank shall in no way constitute a firm or binding commitment on the part of the Bank to provide the Subsidy. In consideration for the issuance of the Subsidy under any Homeownership Initiative Program, the Member acknowledges that this Agreement is subject to the terms specified above and the following conditions: