Common use of Loan Release Clause in Contracts

Loan Release. Upon compliance by the BORROWER and ORIGINATING INSTITUTION with all the herein conditions, as well as, with the rules and guidelines of the NHMFC’s HLRPP, the proceeds of the loan subject of the Purchase of Loan Agreement (PLA) shall be released to the ORIGINATING INSTITUTION.

Appears in 4 contracts

Sources: Loan and Mortgage Agreement, Loan and Mortgage Agreement, Loan and Mortgage Agreement

Loan Release. Upon compliance by the BORROWER and ORIGINATING INSTITUTION with all the herein conditions, as well as, with the rules and guidelines of the NHMFC’s HLRPP▇▇▇▇▇ Program, the proceeds of the loan subject of the Purchase of Loan Agreement (PLA) shall be released to the ORIGINATING INSTITUTION.

Appears in 1 contract

Sources: Loan and Mortgage Agreement