Assumption Approval definition

Assumption Approval has the meaning given to such term in Section 2.5(d).
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Assumption Approval has the meaning ascribed to such term in Section 10.1(a). Agreement of Sale and Purchase
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Assumption Approval means the approval by the Lender or his duly au­ thorized agent or representative of an assumption of, or a sale subject to, a Home Mortgage where such approval is
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Examples of Assumption Approval in a sentence

  • Assumption Approval Clause The instruments evidencing the loan must read substantially as follows:“THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT.”The loan assumption notice must appear conspicuously on at least one of the security instruments for the loan.

  • Seller and Purchaser acknowledge that the provisions contained in this Agreement concerning the 12907 Loan, including without limitation, contingencies pertaining to the 12907 Loan Assumption Approval, pertain solely to Seller’s obligation to sell, and Purchaser’s obligation to purchase, the 12907 Property.

  • Purchaser shall have the right to pursue the 12907 Loan Assumption Approval process and Seller shall reasonably cooperate with Purchaser in connection therewith.

  • If the 12907 Loan Assumption Approval has not occurred by the Final Assumption Approval Deadline, then either Purchaser or Seller, in their respective sole discretion, shall have the right to terminate this Agreement with respect to the purchase of the 12907 Property, in which event the terms of this Section 3.3 shall apply and govern with respect to such Assumption Approval Deadline.

  • Lenders must ensure that the security instruments they use: • Establish the required lien• Comply with the laws and regulations governing VA’s home loan program• Comply with applicable state laws, and• Contain the following VA clauses:− Assumption Approval clause− Acceleration clause− Funding Fee clause− Processing Charge clause, and− Indemnity Liability Assumption clause.

  • For the avoidance of doubt, Seller shall not be obligated to file motions for reconsideration or to file appeals in connection with the Assumption Approval or sale of Designation Rights; provided, however, if Assumption Approval or sale of Designation Rights is not granted, Purchaser may terminate this Agreement pursuant to Section 4.4. 2.8 Conveyances and Assumptions.

  • Purchaser shall be solely responsible for all fees, costs and expenses related to the 12907 Loan Assumption Approval and the 12907 Loan Assumption Undertakings, including, but not limited to, any transfer fees, Beneficiary’s legal, processing, accounting, title insurance and appraisal fees (excluding out of pockets expenses incurred by or chargeable to Seller, including but not limited to, Seller’s attorneys’ fees (the “12907 Loan Assumption Costs”).

  • In the event that the Assumption Approval has not been obtained and the terms of the Assumption Documents finalized by the expiration of the Due Diligence Period, then either party may terminate this Agreement by giving written notice to the other.

  • Lenders must ensure that the security instruments they use: Establish the required lien Comply with the laws and regulations governing VA’s home loan program Comply with applicable state laws, and Contain the following VA clauses Assumption Approval clause Acceleration clause Funding Fee clause Processing Charge clause, and Indemnity Liability Assumption clause.

  • Upon the recording of this Amendment, the property legally described in Article I shall be subject to the covenants, restrictions, easements, charges, and liens for Stillwater dated May 2, 1996 andrecorded by the Recorder of Deeds of Will County of May 9, 1996 as Document No. R96-040830.


More Definitions of Assumption Approval

Assumption Approval has the meaning given to such term in Section 2.5(g).
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Related to Assumption Approval

  • Application Approval Date means the date that the Application is approved by the Board of Trustees of the District and as further identified in Section 2.3.B of this Agreement.

  • Price Approval means, in any country where a Governmental Authority authorizes reimbursement for, or approves or determines pricing for, pharmaceutical products, receipt (or, if required to make such authorization, approval or determination effective, publication) of such reimbursement authorization or pricing approval or determination (as the case may be).

  • Non-Approval Event means, in respect of the Benchmark:

  • MAA Approval means approval by the EMEA of a marketing authorization application (“MAA”) filed with the EMEA for the applicable Licensed Product under the centralized European procedure. If the centralized EMEA filing procedure is not used, MAA Approval shall be achieved upon the first Approval for the applicable Licensed Product in any two of the following countries: France, Germany, Italy, Spain or the United Kingdom.

  • Approval Notice means, with respect to any Eligible Loan Asset, the written notice, in substantially the form attached hereto as Exhibit A, evidencing the approval by the Agent, in its sole discretion, of the conveyance of such Eligible Loan Asset by the Transferor to the Equityholder pursuant to the terms of the First Tier Purchase and Sale Agreement and by the Equityholder to the Borrower pursuant to the terms of the Second Tier Purchase and Sale Agreement and the Assignments by which the Transferor effects such conveyance.

  • IRB approval means the determination of the IRB that the research has been reviewed and may be conducted at an institution within the constraints set forth by the IRB and by other institutional and federal requirements.

  • HSR Approval means expiration of all applicable waiting periods under the HSR Act (including any voluntary agreed extensions) or earlier termination thereof.

  • CPUC Approval means a final and non-appealable order of the CPUC, without conditions or modifications unacceptable to the Parties, or either of them, which contains the following terms:

  • Approval Letter means the letter from WRAS to the Applicant confirming the grant of WRAS Approval in respect of a Product;

  • NDA Approval means the Approval of an NDA by the FDA for a Product in the U.S.

  • Marketing Authorization Application or “MAA” means an application to the appropriate Regulatory Authority for approval to sell the Product (but excluding Pricing Approval) in any particular country or regulatory jurisdiction.

  • CFIUS Approval means that any of the following shall have occurred: (a) the review period under the DPA commencing on the date that a CFIUS Notice is accepted by CFIUS shall have expired and Xxx, on the one hand, and Polaris, on the other hand, shall have received written notice from CFIUS to the effect that such review has been concluded and that either the Contemplated Transactions do not constitute a “covered transaction” under the DPA or there are no unresolved national security concerns, and all action under the DPA is concluded with respect to the Contemplated Transactions, (b) an investigation under the DPA shall have been commenced after such review period and CFIUS shall have determined to conclude all action under the DPA without sending a report to the President of the United States, and Xxx, on the one hand, and Polaris, on the other hand, shall have received written notice from CFIUS that either the Contemplated Transactions do not constitute a “covered transaction” under the DPA or there are no unresolved national security concerns, and all action under the DPA is concluded with respect to the Contemplated Transactions, or (c) CFIUS shall have sent a report to the President of the United States requesting the President’s decision and either (i) the President shall have announced a decision not to take any action to suspend or prohibit the Contemplated Transactions or, (ii) the period under the DPA during which the President may announce his decision to take action to suspend, prohibit or place any limitations on the Contemplated Transactions shall have expired without any such action being threatened, announced or taken.

  • Preliminary Approval means the Court’s Order Granting Preliminary Approval of the Settlement.

  • Initial approval means authorization to admit students and enter into contractual agreements for clinical facilities. It is granted only after an application has been submitted, reviewed and a survey visit made by the Board. No students shall be admitted to the program until the institution has received written notification that initial approval has been granted. Failure to comply will delay initial approval.

  • type-approval means the procedure whereby an approval authority certifies that a type of vehicle, system, component or separate technical unit satisfies the relevant administrative provisions and technical requirements;

  • type-approval certificate means the document whereby the approval authority officially certifies that a type of vehicle, system, component or separate technical unit is approved;

  • FCC Approval means the FCC’s grant of the FCC Applications; provided that the possibility that an appeal, request for stay, or petition for rehearing or review by a court or administrative agency may be filed with respect to such grant, or that the FCC may reconsider or review such grant on its own authority, shall not prevent such grant from constituting FCC Approval for purposes of the Plan.

  • Approval Application means a BLA, NDA or similar application or submission for a Product filed with a Regulatory Authority in a country or group of countries to obtain marketing approval for a biological or pharmaceutical product in that country or group of countries.

  • Drug Approval Application means, with respect to a Licensed Product in the Territory, an application for Regulatory Approval for such product in a country in the Territory. For purposes of clarity, Drug Approval Application shall include, without limitation, (a) an NDA or BLA (for U.S.) or MAA (for Europe); (b) a counterpart of an NDA, BLA or MAA in any country or region in the Territory; and (c) all supplements (including supplemental applications such as sNDAs) and amendments to the foregoing.

  • Conditional approval means a time-limited status that results when an approved nursing education program has failed to maintain requirements as set forth in this chapter.

  • Required Consent has the meaning set forth in Section 4.4.

  • Preliminary Approval Date means the date the Preliminary Approval Order has been executed and entered by the Court.

  • Disclosure Statement Approval Order means the Final Order approving, among other things, the adequacy of the Disclosure Statement pursuant to section 1125 of the Bankruptcy Code.

  • Preliminary Approval Order means the proposed Order Granting Preliminary Approval of Class Action Settlement, Approving Form and Manner of Notice, and Setting Date for Hearing on Final Approval of Settlement, which, subject to the approval of the Court, shall be substantially in the form attached hereto as Exhibit A.

  • UCC Filing Authorization Letter means a letter duly executed by each Loan Party authorizing the Agent to file appropriate financing statements on Form UCC-1 without the signature of such Loan Party in such office or offices as may be necessary or, in the opinion of the Agent, desirable to perfect the security interests purported to be created by each Security Agreement, each Pledge Agreement and each Mortgage.

  • Approved/Approval means the approval in writing.