Closing Check definition

Closing Check means a check or wire transfer drawn on the Warehouse Clearing Account and payable to the closing agent for the sole purpose of closing or acquiring an Eligible Mortgage Loan.
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Examples of Closing Check in a sentence

  • In addition, Borrower will not use or draw a Closing Check for any other purpose but to fund all or some portion of the closing or acquisition of the Eligible Mortgage Loan for which the documents required by Section 2.3.4. have been provided to Bank, and no Closing Check shall be written for an amount which exceeds the Advance Amount.

  • In such event, notwithstanding Bank’s decision to make the Advance sufficient to cover the Closing Check, Bank still may, in its sole and absolute discretion, declare an Event of Default hereunder and take such steps or actions hereunder or under the Master Promissory Note as are available, including, but not limited to, refusing to make any further Advances under this Agreement and/or accelerating the maturity of the Master Promissory Note.

  • Seller shall transfer ownership to the Buyer by delivering a Bill of Sale at Closing: [Check applicable items.

  • In such event, notwithstanding Bank's decision to make the Advance sufficient to cover the Closing Check, Bank still may, in its sole and absolute discretion, declare an Event of Default hereunder and take such steps or actions hereunder or under the Master Promissory Note as are available, including, but not limited to, refusing to make any further Advances under this Agreement and/or accelerating the maturity of the Master Promissory Note.

  • In such event, Notwithstanding Bank's decision to make the Advance sufficient to cover the Closing Check, Bank still may, in its sole and absolute discretion, declare an Event of Default hereunder and take such steps or actions hereunder or under the Master Promissory Note as are available, including, but not limited to, refusing to make any further Advances under this Agreement and/or accelerating the maturity of the Master Promissory Note.

  • The Transaction shall be subject to the satisfaction of the following conditions prior to the Closing: (Check all that apply) ☐ The sale of Buyer’s property located at ________________________________________.

  • The land area will be multiplied by the following amount per acre or square foot, as applicable , and the product will become the Purchase Price at the Closing [Check only one]: $ N/A per acre; or N/A per square foot.

  • The land area will be multiplied by the following amount per acre or square foot, as applicable, and the product will become the Purchase Price at the Closing [Check only one]: ☐ $ per acre; or ☐ $ per square foot.

  • Buyer (Check one) shall have until fifteen (15) days following Closing (Check one) to complete the Work contemplated hereinabove.

  • Each of the documents and agreements set forth in the Document Closing Check List attached hereto as Exhibit B (the “Document Closing Checklist”) required to be executed and delivered on or prior to the Closing shall have been executed and delivered by the respective parties thereto.

Related to Closing Check

  • Closing Checklist means the schedule, including all appendices, exhibits or schedules thereto, listing certain documents and information to be delivered in connection with the Agreement, the other Loan Documents and the transactions contemplated thereunder, substantially in the form attached hereto as Annex D.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, ▇▇▇▇ Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Closing Conditions shall include, but are not limited to, SI Securities determining in its sole discretion that at the time of a closing, the Minimum Offering has been met, the investment remains suitable for investors, investors have successfully passed ID, KYC, AML, OFAC, and suitability screening, and that Issuer has completed all actions required by it as communicated by SI Securities at the time of a closing.

  • Seller's Closing Certificate means the certificate of Seller in the form of Exhibit C attached hereto.

  • Closing Notice Has the meaning specified in the NPA. Company: Has the meaning specified in the first paragraph of this Trust Supplement.