Note Shipment Sample Clauses

Note Shipment. Notwithstanding Section 7.1 of the Agreement, if the Mortgage Loan is subject to a CL Commitment, the parties agree that MBF shall retain the Mortgage Note for the benefit of CL.
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Note Shipment. If Seller does not provide Shipping Instructions to MBF with respect to a Mortgage Loan or Mortgage Security as hereinafter described, MBF shall send the Mortgage Note or Mortgage Security, and Assignment in Blank, directly to Seller at such time as it receives the provisional payment of the Repurchase Price pursuant to Section 7.3. If Seller desires that MBF send the Mortgage Note or Mortgage Security, and Assignment in Blank, directly to the Takeout Investor (or to another party designated by Seller and acceptable to MBF in its sole discretion) in connection with Seller’s repurchase and immediate resale (to the Takeout Investor) of the related Mortgage Loan or Mortgage Security, Seller may cause MBF to do so (if no Default or Event of Default exists) by sending to MBF signed Shipping Instructions and by complying with the procedures described in Exhibit J. If a Default or Event of Default then exists, MBF may, in its sole discretion, without liability to Seller or any other Person, comply with Shipping Instructions received from Seller and deliver the Mortgage Note or Mortgage Security, and Assignment in Blank, to the Takeout Investor or to another party acceptable to MBF in its sole discretion.
Sample 1
Note Shipment. Seller shall prepare and send to MBF Shipping Instructions to instruct MBF when and how to send each Mortgage Note to a Takeout Investor. MBF shall use its best efforts to send each Mortgage Note on or before the date specified for shipment in the Shipping Instructions, which date shall be on or before the Takeout Funding Date. If Seller instructs MBF to send a Mortgage Note before the Takeout Funding Date, MBF will send the Mortgage Note under a Bailee Letter.
Sample 1
Note Shipment. If Seller desires that MBF send a Mortgage Note to a Takeout Investor, rather than to Seller directly, in connection with Seller’s repurchase of the related Mortgage Loan, then Seller shall prepare and send to MBF Shipping Instructions to instruct MBF when and how to send such Mortgage Note to such Takeout Investor. MBF shall use its best efforts to send each Mortgage Note on or before the date specified for shipment in the Shipping Instructions, which date shall be on or before the Takeout Funding Date. If Seller instructs MBF to send a Mortgage Note before the Repurchase Date, MBF will send the Mortgage Note under a Bailee Letter. If Seller does not provide MBF with Shipping Instructions with respect to a Mortgage Loan, MBF shall send the Mortgage Note to Seller at such time as MBF receives the provisional payment of the Repurchase Price.
Sample 1
Note Shipment. If Seller desires that Buyer send a Mortgage Note to a Takeout Investor, rather than to Seller directly, in connection with Seller’s repurchase of the related Purchased Loan, then Seller shall prepare and send to Buyer Shipping Instructions to instruct Buyer when and how to send such Mortgage Note to such Takeout Investor. If Buyer receives Shipping Instructions before 3:00 p.m. Chicago, Illinois, time on any Business Day, Buyer will send such Mortgage Note to a Takeout Investor on the same Business Day, otherwise Buyer will send such Mortgage Note the next Business Day following receipt of the Shipping Instructions. If Seller instructs Buyer to send a Mortgage Note before the Repurchase Date, Buyer will send the Mortgage Note under a bailee letter. If Seller does not provide Buyer with Shipping Instructions with respect to a Purchased Loan, Buyer shall send the Mortgage Note to Seller at such time as Buyer receives the payment of the Repurchase Price.
Sample 1

Related to Note Shipment

  • Shipment Dell will ship the APEX System to the Site when included as part of the APEX Service. The terms and process for shipment and delivery of the APEX System will be stated in the applicable Service Offering Description.

  • PACKING AND SHIPMENT (a) Unless otherwise specified, all Work is to be packed in accordance with good commercial practice. (b) A complete packing list shall be enclosed with all shipments. SELLER shall mark containers or packages with necessary lifting, loading, and shipping information, including the LOCKHEED XXXXXX Contract number, item number, dates of shipment, and the names and addresses of consignor and consignee. Bills of lading shall include this Contract number. (c) Unless otherwise specified, delivery shall be FOB Place of Shipment.

  • Drop Shipped Off loaded by carrier to an Agency loading dock or designated area. There will be no charge to the ordering Agency for this delivery method.

  • Shipments The Vendor shall ship, deliver or provide ordered products or services within a commercially reasonable time after the receipt of the order from the TIPS Member. If a delay in said delivery is anticipated, the Vendor shall notify TIPS Member as to why delivery is delayed and shall provide an estimated time for completion of the order. TIPS or the requesting entity may cancel the order if estimated delivery time is not acceptable or not as agreed by the parties.

  • Packing Materials and Containers for Shipment Packing materials and containers in which the good is packed for shipment shall be disregarded in determining whether-- (i) the non-originating materials used in the production of the good undergo an applicable change in tariff classification set out in subdivision (t) of this note; and (ii) the good satisfies a regional value-content requirement.

  • Shipping Axon may make partial shipments and ship Axon Devices from multiple locations. All shipments are FOB shipping point via common carrier. Title and risk of loss pass to Agency upon Axon’s delivery to the common carrier. Agency is responsible for any shipping charges in the Quote.

  • Delivery Location All Goods shall be delivered to the address specified in this Order (the "Delivery Location") during Buyer's normal business hours or as otherwise instructed by Buyer.

  • Packaging and Shipping All shipping containers shall be packed and packaged to: (i) ensure safe arrival to final destination; (ii) secure the lowest transportation costs;(iii) comply with requirements of common carriers; (iv) meet Buyer's written instructions; and (v) meet the requirements of all applicable laws, ordinances, rules and regulations.

  • Packing 3.9.1 The tenderer shall provide such packing of the Goods as is required to prevent their damage or deterioration during transit to their final destination, as indicated in the Contract. 3.9.2 The packing, marking, and documentation within and outside the packages shall comply strictly with such special requirements as shall be expressly provided for in the Contract

  • Destination The term (“Destination”) means delivered to the receiving dock or other point specified in the applicable Contract Document.

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