BREACHES OF CONTRACT. The Bank can treat the PFI's taking certain actions, or failing to take certain actions, as a breach of this Contract. A breach of this Contract can lead to a termination of this Contract by the Bank at the Bank's option. Termination is provided for in detail in Article XI. In addition, upon the PFI's breach of this Contract, the Bank, at its option, may revoke the Bank's approval of the PFI as a Mortgage originator, seller or servicer.
Appears in 4 contracts
Samples: Financial Institution Agreement, Financial Institution Agreement, Financial Institution Agreement
BREACHES OF CONTRACT. The Bank can treat the PFI's ’s taking certain actions, or failing to take certain actions, as a breach of this Contract. A breach of this Contract can lead to a termination of this Contract by the Bank at the Bank's ’s option. Termination is provided for in detail in Article XI. In addition, upon the PFI's ’s breach of this Contract, the Bank, at its option, may revoke the Bank's ’s approval of the PFI as a Mortgage originator, seller or servicer.
Appears in 2 contracts
Samples: Financial Institution Agreement (Federal Home Loan Bank of Chicago), Financial Institution Agreement (Federal Home Loan Bank of Chicago)
BREACHES OF CONTRACT. The Bank can treat the PFI's ’s taking certain actions, or failing to take certain actions, can be treated by the Bank as a breach of this Contractcontract. A breach of this Contract contract can lead to a termination of this the Contract by the Bank at the Bank's ’s option. Termination is provided for in detail in Article XI. In addition, upon the PFI's ’s breach of this Contract, the Bank, at its option, may revoke the Bank's ’s approval of the PFI as a Mortgage originator, seller or servicer.
Appears in 2 contracts
Samples: Financial Institution Agreement (Federal Home Loan Bank of Chicago), Financial Institution Agreement (Federal Home Loan Bank of Chicago)
