Best Efforts Flow Delivery Sample Clauses

Best Efforts Flow Delivery. (a) Seller may from time to time offer a Loan to Banc One for purchase by Banc One. Banc One may, in response to such an offer, issue to Seller a Stipulation Schedule, thereby obligating Banc One to purchase a Loan meeting the criteria set forth herein and in such Stipulation Schedule. The obligation by Banc One to make any such purchase shall be subject to (i) Banc One's prior receipt, and satisfactory review, of the Credit Documents relating to such Loan and (ii) the terms and conditions set forth in the Stipulation Schedule. A delivery of the Loan pursuant to a Stipulation Schedule is referred to herein as a "Best Efforts Flow Delivery." Banc One shall, as set forth in the related Stipulation Schedules, be obligated to purchase any Loan offered by Seller pursuant to a Best Efforts Flow Delivery. To the extent any Stipulation Schedule conflicts with any provision of this Agreement, the terms of the Schedule shall control over this Agreement. (b) With respect to any offer of Loans that is a Best Efforts Flow Delivery, Banc One shall have no obligation to purchase any Loan so offered unless (i) delivery of the Loan and all related Loan Documents and Credit Document are made on or before the Expiration Date set forth in the Stipulation Schedule, (ii) the Loan conforms to the Underwriting Guidelines and (iii) all other conditions to purchase set forth in the applicable Stipulation Schedule have been satisfied on or before the Funding Date for such Loan.