Common use of Expiration of Purchase Commitments Clause in Contracts

Expiration of Purchase Commitments. The Purchase Commitment for each Eligible Loan shall expire thirty (30) Business Days following the date on which the Purchase Commitment for such Eligible Loan was made (the “Expiration Date”). If the Purchase Date for such Eligible Loan has not occurred on or before such Expiration Date, Purchaser may withdraw any funds from the Purchaser Online Account that were deposited, wired or otherwise made available to Seller in respect of such Purchase Commitment.