Common use of Our approval Clause in Contracts

Our approval. We won't choose to have all of what is owed paid immediately if, before the transfer, we agree in writing to allow the person who receives the transfer to assume the mortgage. We won't withhold this agreement unreasonably. The person must meet our usual credit requirements at the time and, if we ask, agree with us to comply with the mortgage.

Appears in 4 contracts

Samples: Residential Mortgage, Residential Mortgage, Residential Mortgage

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Our approval. We won't choose to have all of what is owed paid immediately if, before the transfer, we agree in writing to allow the person who receives the transfer to assume the mortgagecontract. We won't withhold this agreement unreasonably. The person must meet our usual credit requirements at the time and, if we ask, agree with us to comply with the mortgagecontract.

Appears in 1 contract

Samples: Residential Mortgage or Hypothec Switch Agreement

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