Failure of Seller to Timely Deliver Loans. Seller acknowledges understands and agrees that Xxx may have executed forward commitments to sell and immediately deliver Loans to third parties; therefore, Loans must be delivered on or before the Expiration Date. Seller covenants and agrees to reimburse Arc for any and all losses, expenses, costs and damages incurred by Xxx as a result of such non-delivery within five (5) days of written demand by Xxx. Such reimbursement shall be in addition to any and all legal and equitable remedies available to Arc including but not limited to those prescribed in the Sellers Guide.
Appears in 4 contracts
Samples: Seller Loan Purchase and Sale Agreement, Seller Loan Purchase and Sale Agreement, Seller Loan Purchase and Sale Agreement
