Reservation Requests and Reservation Fees. For each Loan or group of Loans which the Participant desires to originate through the Program, the Participant shall make a Reservation Request pursuant to the procedures set forth in the applicable Program Guide. The accepted Reservation Request shall constitute the Participant's agreement to originate the particular Loan(s) as soon as practicable pursuant to the procedures set forth in the applicable Program Guide, and the GNMA Guide, the FHMLC Guide or FNMA guidelines, as applicable to the type of financing. The Participant agrees that prior to issuing a commitment for a Loan to an Eligible Mortgagor for the purchase of a one (1) unit dwelling, the Participant shall have first received an accepted Reservation Request from the Authority with respect to the particular Loan. SPECIFIC REFERENCE IS HEREBY MADE TO THE PROGRAM GUIDES MADE AVAILABLE FROM TIME TO TIME AT XXXXX://XXX.XX.XXX/IHCDA/4117.HTM. THE PROVISIONS OF THE PROGRAM GUIDES MADE AVAILABLE FROM TIME TO TIME AT XXXXX://XXX.XX.XXX/IHCDA/4117.HTM. ARE HEREBY INCORPORATED HEREIN BY REFERENCE AND ARE DEEMED TO BE A PART OF THIS ORIGINATION AGREEMENT.
Reservation Requests and Reservation Fees. For each MCC Loan or group of MCC Loans which the Participant desires to originate, the Participant shall make a Reservation Request pursuant to the procedures set forth in the Program Guide. The submission of the corresponding Reservation Fee shall constitute the Participant's agreement to originate the particular MCC Loan(s) set forth in such Reservation Request as soon as practicable pursuant to the procedures set forth in the Program Guide. The Participant agrees that prior to issuing a commitment for a MCC Loan to an Eligible Borrower for the purchase of a Single Family Residence, the Participant shall have first received an accepted Reservation Request from the Authority with respect to the particular MCC Loan. SPECIFIC REFERENCE IS HEREBY MADE TO THE PROGRAM GUIDE. THE PROVISIONS OF THE PROGRAM GUIDE ARE INCORPORATED HEREIN BY REFERENCE AND ARE DEEMED TO BE A PART OF THIS ORIGINATION AGREEMENT.
Reservation Requests and Reservation Fees. For each Loan or group of Loans which the Participant desires to originate and sell, the Participant shall make a Reservation Request pursuant to the procedures set forth in the Program Guide. The accepted Reservation and submission of the corresponding Reservation Fee shall constitute the Participant's agreement to originate the particular Loan(s) as soon as practicable pursuant to the procedures set forth in the Program Guide and the Xxxxxx Mae Guide, Xxxxxxx Mac Guide, or GNMA Guide, as the case may be, and to deliver such Loan(s) for sale to the Servicer within ten (10) business days after the Loan is closed at a price equal to a specified percentage of the aggregate principal amount of such Loan(s) as established under the Program. The Participant agrees that prior to issuing a commitment for a Loan to an Eligible Borrower for the purchase of a Single Family Residence, the Participant shall have first received an accepted Reservation from the Authority with respect to the particular Loan. SPECIFIC REFERENCE IS HEREBY MADE TO THE PROGRAM GUIDE. THE PROVISIONS OF THE PROGRAM GUIDE ARE INCORPORATED HEREIN BY REFERENCE AND ARE DEEMED TO BE A PART OF THIS ORIGINATION AGREEMENT.
Reservation Requests and Reservation Fees. For each Loan or group of Loans which the Participant desires to originate through the Program, the Participant shall make a Reservation Request pursuant to the procedures set forth in the applicable Program Guide. The accepted Reservation Request shall constitute the Participant's agreement to originate the particular Loan(s) as soon as practicable pursuant to the procedures set forth in the applicable Program Guide, and the GNMA Guide, the FHMLC Guide or Xxxxxx Mae guidelines, as applicable to the type of financing. The Participant agrees that prior to issuing a commitment for a Loan to an Eligible Mortgagor for the purchase of a one (1) unit or two to four (2 – 4) unit family dwelling, the Participant shall have first received an accepted Reservation Request from the Authority with respect to the particular Loan. SPECIFIC REFERENCE IS HEREBY MADE TO THE NEXT HOME PROGRAM GUIDE, MCC PROGRAM GUIDE, AFFORDABLE HOME PROGRAM GUIDE, MY HOME PROGRAM GUIDE, HELPING TO OWN PROGRAM GUIDE AND HONOR OUR VETS PROGRAM GUIDE. THE PROVISIONS OF THE NEXT HOME PROGRAM GUIDE, MCC PROGRAM GUIDE, AFFORDABLE HOME PROGRAM GUIDE, MY HOME PROGRAM GUIDE, HELPING TO OWN PROGRAM GUIDE AND HONOR OUR VETS PROGRAM GUIDE ARE HEREBY INCORPORATED HEREIN BY REFERENCE AND ARE DEEMED TO BE A PART OF THIS ORIGINATION AGREEMENT.
Reservation Requests and Reservation Fees. F or each Loan or group of Loans w hich t he P articipant des ires t o or iginate and s ell, t he P articipant s hall make a R eservation Request pur suant t o t he pr ocedures s et f xxxx i n t he P rogram Guide. T he ac cepted R eservation and su bmission o f the c orresponding R eservation Fee sh all constitute t he P articipant's ag reement to or iginate t he p articular L oan(s) as soon as practicable pursuant to the procedures set forth in the Program Guide and the Xxxxxx Mae Guide or GNMA Guide, as the case may be, and t o deliver such Loan(s) for sale to the Servicer within ten (10) business days after the Loan is closed at a price equal t o a s pecified per centage of t he ag gregate pr incipal am ount of such Loa n(s) as established under t he P rogram. The P articipant xx xxxx that prior t o i ssuing a commitment f or a Loan x x x x E ligible B orrower f or t he p urchase o f a S xxxxx F amily Residence, the Participant shall have f irst received an acc epted Reservation from the Authority with respect to the particular Loan. SPECIFIC REFERENCE IS HEREBY MADE TO THE PROGRAM GUIDE. T HE PROVISIONS O F THE P ROGRAM G UIDE A RE I NCORPORATED HE REIN B Y REFERENCE A ND ARE DEEMED T O BE A PAR T O F T HIS O RIGINATION AGREEMENT.
