Examples of Binding Agreement in a sentence
The term “Agreement/Contract means Binding Agreement, Contract, Request for Purchase, Order.
The Applicant may choose to fix the Applicable Percentage for each Qualified Low-income Building in the Project by irrevocably electing the percentage for the month in which the Applicant and MaineHousing enter into a Binding Agreement or to select the applicable percentage for the month in which the Building is Placed in Service.
Any such Binding Agreement shall satisfy the requirements of the Code and will contain certain performance-based conditions, including without limitation the conditions set forth in the Notice to Proceed.
After the Applicant accepts a Notice to Proceed by executing and returning the Notice to Proceed to MaineHousing, and to the extent authorized by the Code, MaineHousing and the Applicant may enter into a Binding Agreement to fix the maximum Credit dollar amount to be allocated to each Qualified Low-Income Building for which Credit has been requested.
Binding Agreement: The parties intend to be legally bound by the terms of this Memorandumof Understanding notwithstanding that the Transaction Agreement has not been completed and executed.