Common use of Preliminary, Nonbinding Quote Clause in Contracts

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, in the case of a proposed Fixed Advance with an MBS execution, or the rate quoted by Xxxxxx Xxx in the case of a proposed SARM Variable Advance or Fixed 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’s request request, Lender shall quote an estimate of the interest rate (rates for such each proposed Advance). Lender’s quote shall be based on (i) in the case of a proposed Variable DMBS Advance or a Fixed Advance with an MBS execution, a solicitation of bids from institutional investors selected by LenderLender or, in the case of a proposed Fixed Advance with an MBS executiona cash execution or a Variable Structured ARM Advance, or the rate quoted by Xxxxxx Xxx in the case of a proposed SARM Variable Advance or Fixed Advance with Mae for a cash execution, 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 interest rate (for such proposed 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 Fixed Advance with an MBS execution, or the rate quoted by Xxxxxx Xxx in the case of a proposed SARM Variable Advance or Fixed 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 BorrowerBorrower Agent’s request Lender shall quote an estimate of the interest rate Cash Interest Rate (for such 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, Lender in the case of a proposed Fixed Advance with an MBS execution, for a Variable Advance or the rate quoted by Xxxxxx Xxx Mae in the case of a proposed SARM Variable Advance or cash execution for a Fixed Advance with a cash execution, and (ii) the proposed terms and amount of the Advance selected by BorrowerBorrower Agent. The quote shall not be binding upon Lender.