NOO definition
Examples of NOO in a sentence
This report will contain a listing of various characteristics of the mortgage loan pool (including history and stratification) such as documentation levels, occupancy status, weighted aging, CLTV, NOO rate, junior lien percentage, etc.
Obligations and expenditures may not exceed the amount obligated by the NOO.
Grant funds shall be obligated to the Grantee by the Department pursuant to a Notice of Obligation (NOO) once the grant application is approved and the grant agreement is fully executed.
No funds may be expended before the effective date or after the end date of the NOO.
The Department may immediately terminate this grant agreement or any NOO issued hereunder, at any time, in the event that it determines, in its sole discretion, after an investigation conducted by the Department, that the Grantee is in violation of any federal or state law, regulations, or guidelines applicable to the grant funds or any of the Grantee's assurances and certifications.
The Department may terminate this grant agreement or any NOO issued hereunder at any time, with or without cause, by giving 30-day prior written notice of such termination to the Grantee.
Obligations and costs may not exceed the amount obligated by the NOO modification unless otherwise modified by the Grantor.
Modifications to the NOO may include adjustments as increases or decreases to current obligated amounts and/or additional new funding for new project Scopes of Work included in the NOO.
Notices of Obligation (NOO) shall be issued for each project covered under this Agreement.
The Scope of Work (as applicable) and period of performance for each project shall be included with the NOO.