Breakage and other Costs Sample Clauses

Breakage and other Costs. In the event that the Lender obtains an MBS Commitment and the Lender fails to fulfill the MBS Commitment because the Advance is not made (for a reason other than the default of the Lender to make the Advance or the failure of the purchaser of the MBS to purchase such MBS), the Borrower shall pay all breakage and other costs, fees and damages incurred by the Lender in connection with its failure to fulfill the MBS Commitment. The Lender reserves the right to require that the Borrower post a deposit at the time the MBS Commitment is obtained.
AutoNDA by SimpleDocs
Breakage and other Costs. In the event that the Lender obtains an MBS Commitment and the Lender fails to fulfill the MBS Commitment because the Advance is not made (for a reason other than the default of the Lender to make the Advance), the Borrower shall pay all reasonable out-of-pocket costs payable to the potential investor and other reasonable costs, fees and damages incurred by the Lender in connection with its failure to fulfill the MBS Commitment. The Lender reserves the right to require that the Borrower post a deposit at the time the MBS Commitment is obtained. The deposit referred to in the preceding sentence shall be refundable to the Borrower upon the delivery of the related MBS.
Breakage and other Costs. Within 5 Business Days of demand made by any Lender to the Borrower (with a copy to the Administrative Agent) from time to time, the Borrower shall compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of:
Breakage and other Costs. If Lender obtains, and then fails to fulfill, the MBS Commitment or Xxxxxx Mae Commitment because the conversion does not occur (for a reason other than Lender’s default), Borrower shall pay all reasonable out-of-pocket costs payable to the potential investor and other reasonable costs, fees and damages incurred by Lender in connection with its failure to fulfill the MBS Commitment or Xxxxxx Xxx Commitment. Lender reserves the right to require Borrower to post a deposit at the time the MBS Commitment or Xxxxxx Mae Commitment is obtained. Such deposit shall be refundable to Borrower upon the delivery of the MBS or the closing of the conversion.
Breakage and other Costs. In the event that the Lender obtains an MBS Commitment and the Lender fails to fulfill the MBS Commitment because the Advance is not made (for a reason other than the default of the Lender to make the Advance), the Borrower shall pay all breakage and other costs, fees and damages incurred by the Lender in connection with its failure to fulfill the MBS Commitment.
Breakage and other Costs. If Lender obtains, and then fails to fulfill, the MBS Commitment because the Advance is not made (for a reason other than Lender's default), Borrower shall pay all reasonable out-of-pocket costs payable to the potential investor and other reasonable costs, fees and damages incurred by Lender in connection with its failure to fulfill the MBS Commitment.
Breakage and other Costs. If Servicer obtains, and then fails to fulfill, a Xxxxxx Xxx Commitment because the Loan is not made (for a reason other than Servicer’s or Xxxxxx Mae’s default), the applicable Collateral Pool Borrower shall pay all reasonable out-of-pocket costs (including attorneys’ fees and costs), fees and damages incurred by Servicer or Xxxxxx Xxx in connection with its failure to fulfill the Xxxxxx Mae Commitment. Xxxxxx Xxx reserves the right to require the applicable Collateral Pool Borrower to post a deposit at the time the Xxxxxx Mae Commitment is obtained. Such deposit shall be refunded to the applicable Collateral Pool Borrower upon the closing of the applicable Request.
AutoNDA by SimpleDocs
Breakage and other Costs. If Lender obtains, and then fails to fulfill, the DMBS Commitment or Xxxxxx Mae Commitment because the Advance is not made (for a reason other than Lender’s default), Borrower shall pay all reasonable out-of-pocket costs payable to the potential investor and other reasonable costs, fees and damages incurred by Lender in connection with its failure to fulfill the DMBS Commitment or Xxxxxx Xxx Commitment. Lender reserves the right to require Borrower to post a deposit at the time the DMBS Commitment or Xxxxxx Mae Commitment is obtained. Such deposit shall be refundable to Borrower upon the delivery of the related DMBS or the purchase of the Advance for cash by Xxxxxx Xxx.
Breakage and other Costs. If Lender obtains, and then fails to fulfill, the Investor Commitment or Xxxxxx Mae Commitment because the Advance is not made or the conversion does not occur, as applicable (for a reason other than Lender’s default), Borrower shall pay all reasonable out-of-pocket costs payable to the potential investor and other reasonable costs, fees and damages incurred by Lender in connection with its failure to fulfill the Investor Commitment or Xxxxxx Xxx Commitment. Lender reserves the right to require Borrower to post a deposit at the time the Investor Commitment or Xxxxxx Mae Commitment is obtained. Such deposit shall be refundable to Borrower upon the delivery of the related DMBS or MBS, or the purchase of the Advance for cash by Xxxxxx Xxx, as applicable.
Breakage and other Costs. If Lender obtains, and then fails to fulfill, the DMBS Commitment or Xxxxxx Mae Commitment because the Advance is not made (for a reason other than Lender’s default), Borrower shall pay all reasonable out-of-pocket costs payable to the potential investor and other reasonable costs, fees and damages incurred by Lender in connection with its failure to fulfill the DMBS Commitment or Xxxxxx Mae Commitment. Lender reserves the right to require Borrower to post a deposit at the time the DMBS Commitment or Xxxxxx Xxx Commitment is obtained. Master Credit Facility Agreement Camden 2008 Such deposit shall be refundable to Borrower upon the delivery of the related DMBS or the purchase of the Advance for cash by Xxxxxx Mae.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!