FAMC definition
Examples of FAMC in a sentence
Upon reasonable prior written notice from USL, Orion will make such records available during normal business hours, but not more frequently than once per Year, to enable an independent certified public accountant of USL’s selection, except one who is currently engaged by Orion or one to whom Orion may have a reasonable objection, to verify that the Supply Price does not exceed the FAMC and that the adjustments to Supply Price have been accurately made and are in accordance with this Agreement.
This subsection permits FAMC the right to assign this Agreement to a successor entity.
The accountant shall be allowed to report to USL only whether Orion’s Supply Price does not exceed the FAMC and that adjustments and calculations of increases or decreases in the Supply Price are correct or incorrect and, if incorrect, what the correct amount should have been and, on what basis, in the accountant’s professional opinion.
Any notice of a change in the Supplied Price given by Orion to USL in accordance with Section 6.12 shall be accompanied by supporting documentation evidencing increases or decreases in Orion’s FAMC.
BILLS Yes 102% BONDS Yes 102% NOTES Yes 102% STRIPS No n/a SYNTHETIC TREASURIES No n/a (e.g. CATS, COUGRS, TIGRS) FAMC (Fed Agriculture Mtge Corp) No n/a FCFAC (Farm Credit ▇▇▇▇▇.
The obligations of FAMC under this subsection (b) shall survive any termination of this Agreement.
FAMC will be responsible for all submission procedure and gaining final approval from the appropriate decision maker.
At this time the day-to-day handling of the loan package will be transferred to FAMC.
FAMC shall provide the Investor with a copy of the complete loan package and shall be consulted as to the timing of the closing.
The cost of the reports will be billed directly from the credit reporting company to FAMC.