Commitment to Buy and Sell Sample Clauses

Commitment to Buy and Sell. The Servicer hereby agrees to Purchase and take delivery of Mortgage Loans from the Mortgage Lender, and the Mortgage Lender agrees to originate and thereafter to sell and assign Mortgage Loans to the Servicer at a price described below (less any amounts netted out pursuant to Section 4.10 hereof), all on the conditions and terms set forth herein. The purchase price of the Mortgage Loan shall be paid in accordance with Section 4.10 hereof. Mortgage Loans to mortgagors not receiving Entry Costs Assistance shall be acquired by the Servicer from the Mortgage Lenders at a price equal to 100% of the principal amount thereof plus (i) accrued interest and (ii) the applicable Servicing Release Premium. Mortgage Loans to mortgagors receiving Entry Cost Assistance will be acquired by the Servicer from the Mortgage Lenders at a price equal to 100% of the principal amount thereof plus (i) accrued interest, (ii) the applicable Servicing Release Premium, and (iii) the amount of cash assistance provided by the Mortgage Lender for such Loan, as directed by the Authority. The Servicer may purchase Mortgage Loans on any Business Day. As a condition to the purchase of each of the Mortgage Loans by the Servicer, the Mortgage Loan shall (i) be current in payments of principal and interest, (ii) be in compliance with the applicable requirements of FHA, VA, USDA Rural Development, the PMI Insurer, the GNMA Guide, Xxxxxxx Mac or Xxxxxx Mae, as applicable, (iii) bear interest at the Loan Rate, (iv) be made to an Eligible Mortgagor to finance the acquisition of a Single Family Residence, the Purchase Price of which does not exceed the Maximum Purchase Price described in Section 4.06 hereof, all as provided in this Agreement, and (v) otherwise be made in compliance with this Agreement and the Program Manual.
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Commitment to Buy and Sell. Pursuant to the terms of the Program Documents, the Servicer hereby agrees to purchase from the Mortgage Lender upon the sale and delivery of each issue of the Bonds and the deposit of the Bond proceeds in accordance with the Indenture or the provision of other funds for such purpose, and the Mortgage Lender agrees to originate and sell to the Servicer, Mortgage Loans for which it has made a reservation in accordance with the Program Manual and to sell to the Servicer, all servicing rights associated with Mortgage Loans sold to the Commission, all on the conditions and terms (including the net return to the Mortgage Lender) set forth in this Agreement, the Purchase Documents and the Program Announcements. The Mortgage Lender acknowledges that as a condition to purchase each of the Mortgage Loans by the Servicer, each Mortgage Loan shall (i) meet all requirements of this Agreement, the Purchase Documents and the Program Manual, (ii) be current in payments of principal and interest and, (iii) be in compliance with the applicable requirements of FHA, VA, RD, HUD and the Xxxxxx Xxx Guide or the PMI Insurer, Xxxxxxx Mac and Xxxxxx Xxx, as applicable. The Servicer agrees to purchase Mortgage Loans at least once each week, notwithstanding that the amount of such Mortgage Loans, together with other Mortgage Loans purchased or to be purchased by the Servicer to form a Pool under the Xxxxxx Mae Guide or Pool Purchase Contract may be less than the minimum Pool size. The provisions of the Purchase Documents, the Program Announcements and the Program Manual are incorporated herein by reference and are deemed to be a part of this Agreement; provided, however, that in the event of any conflict or inconsistency between provisions of the Purchase Documents, the Program Announcements, this Agreement or the Program Manual, the provisions of the Purchase Documents shall control.
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Commitment to Buy and Sell. ThePursuant to the terms of the Program Documents, the Servicer hereby agrees to purchase from the Mortgage Lender upon the sale and delivery of each issue of the Bonds and the deposit of the Bond proceeds in accordance with the Indenture or the provision of other funds for such purpose, and the Mortgage Lender agrees to originate and sell to the Servicer, Mortgage Loans for which it has made a reservation in accordance with the Program Manual and to sell to the Servicer, all servicing rights associated with Mortgage Loans sold to the Commission, all on the conditions and terms (including the net return to the Mortgage Lender) set forth in this Agreement, the Purchase Documents and the Program Announcements. Formatted: DocID 12/6/2011 G:\FLP\ORIGINATION AGREEMENT 2011-WSHFC-AHFA.doc 16
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Commitment to Buy and Sell 
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Related to Commitment to Buy and Sell

  • STAFF COMMITMENT 23. If this Settlement Agreement is accepted by the Hearing Panel, Staff will not initiate any proceeding under the By-laws of the MFDA against the Respondent in respect of the facts set out in Part IV and the contraventions described in Part V of this Settlement Agreement, subject to the provisions of Part IX below. Nothing in this Settlement Agreement precludes Staff from investigating or initiating proceedings in respect of any facts and contraventions that are not set out in Parts IV and V of this Settlement Agreement or in respect of conduct that occurred outside the specified date ranges of the facts and contraventions set out in Parts IV and V, whether known or unknown at the time of settlement. Furthermore, nothing in this Settlement Agreement shall relieve the Respondent from fulfilling any continuing regulatory obligations.

  • Agreement to Sell and Purchase Subject to and in accordance with the terms and conditions of this Agreement, Buyer agrees to purchase the Assets from Seller, and Seller agrees to sell the Assets to Buyer.

  • Agreement to Purchase and Sell On the terms and subject to the conditions set forth in this Agreement, each Originator, severally and for itself, agrees to sell to the Buyer, and the Buyer agrees to purchase from such Originator, from time to time on or after the Closing Date, but before the Purchase and Sale Termination Date (as defined in Section 1.4), all of such Originator’s right, title and interest in and to:

  • COMMITMENT OF THE THREE PARTIES By signing7 this document, the staff member, the sending institution and the receiving institution/enterprise confirm that they approve the proposed mobility agreement. The sending higher education institution supports the staff mobility as part of its modernisation and internationalisation strategy and will recognise it as a component in any evaluation or assessment of the staff member. The staff member will share his/her experience, in particular its impact on his/her professional development and on the sending higher education institution, as a source of inspiration to others. The staff member and the beneficiary institution commit to the requirements set out in the grant agreement signed between them. The staff member and the receiving institution/enterprise will communicate to the sending institution any problems or changes regarding the proposed mobility programme or mobility period. The staff member Name: Signature: Date: The sending institution Name of the responsible person: Signature: Date: The receiving institution/enterprise Name of the responsible person: Signature: Date: 1 Adaptations of this template: In case the mobility combines teaching and training activities, the mobility agreement for teaching template should be used and adjusted to fit both activity types. In the case of mobility between Programme and Partner Countries, this agreement must be always signed by the staff member, the Programme Country HEI as beneficiary and the Partner Country HEI as sending or receiving organisation. In case of mobility from Partner Country HEIs to Programme Country enterprises the last box should be duplicated to include the signature of the Programme Country HEI (the beneficiary) and the receiving organisation (four signatures in total).

  • Bank Financing The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other:

  • Commitment Within 20 days after the Title Company receives a copy of this contract, Seller shall furnish to Buyer a commitment for title insurance (Commitment) and, at Buyer's expense, legible copies of restrictive covenants and documents evidencing exceptions in the Commitment (Exception Documents) other than the standard printed exceptions. Seller authorizes the Title Company to deliver the Commitment and Exception Documents to Buyer at Buyer's address shown in Paragraph 21. If the Commitment and Exception Documents are not delivered to Buyer within the specified time, the time for delivery will be automatically extended up to 15 days or 3 days before the Closing Date, whichever is earlier. If the Commitment and Exception Documents are not delivered within the time required, Buyer may terminate this contract and the xxxxxxx money will be refunded to Buyer.

  • COMMITMENT OF THE PARTIES By signing9 this document, the teaching staff member, the sending institution/enterprise and the receiving institution confirm that they approve the proposed mobility agreement. The sending higher education institution supports the staff mobility as part of its modernisation and internationalisation strategy and will recognise it as a component in any evaluation or assessment of the teaching staff member. The teaching staff member will share his/her experience, in particular its impact on his/her professional development and on the sending higher education institution, as a source of inspiration to others. The teaching staff member and the beneficiary institution commit to the requirements set out in the grant agreement signed between them. The teaching staff member and the receiving institution will communicate to the sending institution/enterprise any problems or changes regarding the proposed mobility programme or mobility period. The teaching staff member Name: Signature: Date: The sending institution/enterprise Name of the responsible person: Signature: Date: The receiving institution Name of the responsible person: Signature: Date: 1 Adaptations of this template: In case the mobility combines teaching and training activities, this template should be used and adjusted to fit both activity types. In the case of mobility between Programme and Partner Country HEIs, this agreement must be always signed by the staff member, the Programme Country HEI and the Partner Country HEI (three signatures in total). In the case of invited staff from enterprises to teach in Partner Country HEIs, this agreement must be signed by the participant, the Programme Country HEI as beneficiary; the Partner Country HEI receiving the staff member and the Programme Country enterprise (four signatures in total). An additional space will be added for signature of the Programme Country HEI organising the mobility. For invited staff from enterprises to teach in Programme Country HEIs, it will be sufficient with the signature of the staff member, the Programme Country HEI and the sending organisation (three signatures in total, same as in mobility between Programme Countries).

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