Preliminary, Nonbinding Quote. At the Borrower’s request the Lender shall quote to the Borrower an estimate of the MBS Pass-Through Rate (for a proposed Fixed Facility Advance) or MBS Imputed Interest Rate (for a proposed Variable Advance) for a Xxxxxx Xxx MBS backed by a proposed Advance. The Lender’s quote shall be based on (i) a solicitation of bids from institutional investors selected by the Lender and (ii) the proposed terms and amount of the Advance selected by the Borrower. The quote shall not be binding upon the Lender.
Preliminary, Nonbinding Quote. At Borrower’s request, Lender shall quote an estimate of the Cash Interest Rate (for a proposed Fixed Advance) or DMBS Imputed Interest Rate (for a proposed Variable Advance). Lender’s quote shall be based on (1) in the case of a proposed Variable Advance, a solicitation of bids from institutional investors selected by Lender in the case of an DMBS execution or, in the case of a Fixed Advance, the rate quoted by Xxxxxx Xxx for a cash execution and (2) the proposed terms and amount of the Advance selected by Borrower. The quote shall not be binding upon Lender.
Preliminary, Nonbinding Quote. At Borrower’s request, Lender shall quote an estimate of the Cash Interest Rate (for a Fixed Loan with a cash execution) or the MBS Pass-Through Rate plus Fixed Facility Fee (for a Fixed Loan with an MBS execution). Lender’s quote shall be based on (A) in the case of an MBS execution, a solicitation of bids from institutional investors selected by Lender or, in the case of a cash execution, the rate quoted by Xxxxxx Mae and (B) the proposed terms and amount of the Fixed Loan selected by Borrower. The quote shall not be binding upon Lender.
Preliminary, Nonbinding Quote. At Borrower’s request Lender shall quote an estimate of the interest rate for such proposed Advance. Lender’s quote shall be based on (i) a solicitation of bids from institutional investors selected by Lender, and (ii) the proposed terms and amount of the Advance selected by Borrower. The quote shall not be binding upon Lender.
Preliminary, Nonbinding Quote. At the Collateral Pool 4 Borrower’s request the Servicer shall quote an estimate of the Adjustable Rate. The Servicer’s quote shall be based on (x) the rate quoted by Xxxxxx Mae and (y) the proposed terms and amount of the Loan selected by Collateral Pool 4 Borrower. The quote shall not be binding upon the Servicer.
Preliminary, Nonbinding Quote. At Borrower’s request, Lender shall quote an estimate of the Cash Interest Rate (for a proposed Fixed Advance), or the Adjustable Rate (for a proposed Variable Structured ARM Advance) or the DMBS Imputed Interest Rate (for a proposed Variable DMBS Advance). Lender’s quote shall be based on (i) in the case of a proposed Variable DMBS Advance, a solicitation of bids from institutional investors selected by Lender in the case of a DMBS execution or, in the case of a Fixed Advance or a Variable Structured ARM Advance, the rate quoted by Xxxxxx Xxx for a cash execution and (ii) the proposed terms and amount of the Advance selected by Borrower. The quote shall not be binding upon Lender.
Preliminary, Nonbinding Quote. At Borrower's request Lender shall quote an estimate of the Pass-Through Rate (for a proposed Fixed Advance), which Pass-Through Rate shall not include the Fixed Facility Fee or MBS Imputed Interest Rate (for a proposed Variable Advance), which MBS Imputed Interest Rate shall not include the Variable Facility Fee. Lender's quote shall be based on (1) a solicitation of bids from institutional investors selected by Lender and (2) the proposed terms and amount of the Advance selected by Borrower. The quote shall not be binding upon Lender.
Preliminary, Nonbinding Quote. At the applicable Collateral Pool Borrower’s request Lender shall quote an estimate of the Cash Interest Rate. Lender’s quote shall be based on (x) the rate quoted by Xxxxxx Mae, and (y) the proposed terms and amount of the Loan selected by such Collateral Pool Borrower. The quote shall not be binding upon Lender.
Preliminary, Nonbinding Quote. At Borrower’s request Lender shall quote an estimate of the MBS Pass Through Rate (for a proposed Fixed Facility Advance with an MBS execution), the Cash Interest Rate (for a proposed Fixed Facility Advance with a cash execution), or MBS Imputed Interest Rate (for a proposed Variable Advance). Lender’s quote shall be based on (i) a solicitation of bids from institutional investors selected by Lender, in the case of a proposed Variable Advance or a Fixed Facility Advance with an MBS execution, or the rate quoted by Xxxxxx Xxx, in the case of a proposed Fixed Facility Advance with a cash execution, and (ii) the proposed terms and amount of the Advance selected by Borrower. The quote shall not be binding upon Lender.
Preliminary, Nonbinding Quote. At Borrower Agent’s request Lender shall quote an estimate of the Cash Interest Rate (for a proposed Fixed Advance) or MBS Imputed Interest Rate (for a proposed Variable Advance). Lender’s quote shall be based on (i) a solicitation of bids from institutional investors selected by Lender in the case of an MBS for a Variable Advance or the rate quoted by Xxxxxx Mae in the case of a cash execution for a Fixed Advance and (ii) the proposed terms and amount of the Advance selected by Borrower Agent. The quote shall not be binding upon Lender.
