Letter of Intent. A preliminary application that we ask groups to submit online to ensure the proposed project is eligible and fits with Affinity's guidelines and mission. We will review the LOIs and select projects to advance to the next phase of the grant selection process.
Letter of Indemnity. In submitting an LOI to correct a transaction, the dealer is assuming all responsibility for the correction of an error in the client's account. This includes any loss to the mutual fund (or investor's account) that may result from the correction. An LOI must contain words to the following effect: "We, XYZ Financial, hereby indemnify AGF from any and all losses, costs, or consequences that may arise as a result of this request". An LOI must come from a dealer's head office and be authorized by one of the firm's signing officers.
Letter of Intent. An informal, usually non-binding, agreement among parties indicating their serious desire to move forward with negotiations.
Letter of Intent. Letter showing the company of intent to become an Executive. A Distributor will automatically meet their requirement for Month 1 (LOI Month) the first month they achieve 100 PSV, 1,000 GSV and enroll in ADR-with no further paperwork or online forms to submit. Distributors who have never previously been a Qualifying Executive are not required to mail, fax or submit online an LOI to the Company. If a Distributor has been a Qualifying Executive in the past and wishes to enter Executive Qualification again, the Distributor must submit an LOI to the Company.
Letter of Intent. This is much more formal legal version of the expression of interest letter spelling out the basic terms of the transactions. This document will become the outline for the definitive (purchase) agreement between the parties.
Letter of Intent. A preliminary outline of the major terms of a proposed transaction.
Letter of Intent. A preliminary agreement stating the proposed terms for a final contract. They can be "binding" or "non-binding". This is the threshold issue in most litigation concerning letters of intent. The parties should always consult their respective legal counsel before signing any Letter of Intent.
LOI stands for letter of Intent, which is merely a letter expressing the purchaserÕs desire to purchase the subject property on the stated basic terms. A letter of intent can become a contract if not written properly
Letter of Intent. A description of the key points in a potential acquisition of a business. Drafted to see if the parties are in general agreement on key issues before proceeding further in negotiations, and is generally designed not to be legally binding on either party. Sometimes buyers or sellers will use a more informal Memorandum of Understanding to identify the key points of a potential business purchase.
(Letter of Intent): Technically, borrowing governments author a "Letter of Intent" to the IMF which specifies the amount of resources needed, as well as the acceptable terms and conditions for the transaction. In fact, the IMF usually authors LOIs.
A document confirming the intent of an investor to participate in a round of financing for a company. By signing this document, the subject company agrees to begin the legal and due diligence process prior to the closing of the transaction. Also known as a "Term Sheet".
Letter of Invitation; required to apply for a visa for Kazakhstan
LETTER OF INTENT. A document signed by an investor when purchasing shares of a mutual fund. It indicates the investors intention to invest enough during the coming 13 months to reach a breakpoint and thereby receive a reduced sales charge. The letter of intent may be backdated a maximum of 90 days. See: Breakpoint.
Letter of intent. Widely used in business to confirm an intention to proceed, but without obligation on either side, often while detailed contract negotiations take place.
Letter of Interest. an LOI or Request for Information (RFI) is not open for bidding. The buyer is interested in receiving feedback from suppliers and may re-open or re-issue an opportunity as an open tender at a later day. LOIs may include attached documents.
Letter of Intent. A document by which the investor states that he intends to enter into a High-Yield transaction. A generic document can be found in the "How to contact us" page of this site.
Letter of Inquiry. There are numerous kinds of letters of inquiry, but in the context of this glossary it refers to a letter submitted to a granting foundation prior to submission of a grant proposal. Successful LOIs result in invitations to submit detailed proposals. Granting agencies sometimes invite LOIs first rather than detailed proposals or applications. See also Query Letter. Mission Statement is a brief statement outlining the specific task(s) for which a group has charged itself.
Letter of Intent. A contract signed by a mutual fund shareholder that indicates that the shareholder intends to invest at least a certain amount of money, during a 13-month period, to qualify for a reduced percentage sales charge. A letter of intent may be backdated a maximum of 90 days. Any shares, bought before the letter of intent were signed and within the 90 days, will be adjusted to reflect the reduced sales charge.
Letter Of Intent (Thanks to Stephen Butler)
