Agreement Regarding Issuance of MCCs Sample Clauses

Agreement Regarding Issuance of MCCs. Subject to the terms and conditions of this Addendum, for each MCC Program in which the Lender chooses to participate, the Authority agrees to issue MCCs in connection with Mortgage Loans originated by the Lender that meet the requirements of this Addendum and the MCC Procedural Guide. For such MCC Programs in which the Lender chooses to participate, the Lender agrees to make available Mortgage Loans to Eligible Borrowers for the acquisition of Qualified Dwellings, located in the areas set forth in the Notice of Program for those MCC Programs. The Authority shall allocate MCCs to Eligible Borrowers in an amount not to exceed the total amount shown in the applicable Notice of Program.
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Related to Agreement Regarding Issuance of MCCs

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  • Term of Letters of Understanding All central letters of understanding appended to this agreement, or entered into after the execution of this agreement shall, unless otherwise stated therein, form part of the collective agreement, run concurrently with it, and have the same termination date as the agreement.

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