Common use of Rate Commitment Clause in Contracts

Rate Commitment. Seller may request a rate quotation and rate commitment in accordance with the Arc Correspondent Seller's Guide. If accepted, Seller will provide Arc with a Best Efforts or Mandatory Commitment, as applicable. In order to receive payment for a Loan based on a committed rate in accordance with this Section 2.3, Seller must deliver to Arc a Purchasable Loan File and Credit File, including any required fees, and any additional information concerning the Property and/or the applicant which Arc may deem necessary, prior to the Expiration Date. If Seller fails to timely deliver a closed Best Effort Loan or fulfill its obligations under a Mandatory Commitment, Arc may renegotiate the Purchase Price of the Loan including without limitation extension and suspense fees in accordance with the Arc Correspondent Seller's Guide. If the Seller fails to fulfill its obligations under a Best Efforts or Mandatory Commitment the Seller will be subject to a Pair Off Fee determined in accordance with the Arc Correspondent Seller's Guide.

Rate Commitment. Seller may request a rate quotation and rate commitment in accordance with the Arc Correspondent Seller's ’s Guide. If accepted, Seller will provide Arc with a Best Efforts or Mandatory Commitment, as applicable. In order to receive payment for a Loan based on a committed rate in accordance with this Section 2.3, Seller must deliver to Arc a Purchasable Loan File and Credit File, including any required fees, and any additional information concerning the Property and/or the applicant which Arc may deem necessary, prior to the Expiration Date. If Seller fails to timely deliver a closed Best Effort Loan or fulfill its obligations under a Mandatory Commitment, Arc may renegotiate the Purchase Price of the Loan including without limitation extension and suspense fees in accordance with the Arc Correspondent Seller's Guide. If the Seller fails to fulfill its obligations under a Best Efforts or Mandatory Commitment the Seller will be subject to a Pair Off Fee determined in accordance with the Arc Correspondent Seller's ’s Guide.

Rate Commitment. Seller may request a rate quotation and rate commitment in accordance with the Arc Correspondent ArcHome Seller's ’s Guide. If accepted, Seller will provide Arc ArcHome with a Best Efforts or Mandatory Commitment, as applicable. In order to receive payment for a Loan based on a committed rate in accordance with this Section 2.3, Seller must deliver to Arc ArcHome a Purchasable Loan File and Credit File, including any required fees, and any additional information concerning the Property and/or the applicant which Arc ArcHome may deem necessary, prior to the Expiration Date. If Seller fails to timely deliver a closed Best Effort Loan or fulfill its obligations under a Mandatory Commitment, Arc ArcHome may renegotiate the Purchase Price of the Loan including without limitation extension and suspense fees in accordance with the Arc Correspondent Seller's Guide. If the Seller fails to fulfill fulfil its obligations under a Best Efforts or Mandatory Commitment the Seller will be subject to a Pair Off Fee determined in accordance with the Arc Correspondent Seller's ’s Guide.

Rate Commitment. Seller may request a rate quotation and rate commitment in accordance with the Arc Correspondent ArcHome Seller's ’s Guide. If accepted, Seller will provide Arc ArcHome with a Best Efforts or Mandatory Commitment, as applicable. In order to receive payment for a Loan based on a committed rate in accordance with this Section 2.3, Seller must deliver to Arc ArcHome a Purchasable Loan File and Credit File, including any required fees, and any additional information concerning the Property and/or the applicant which Arc ArcHome may deem necessary, prior to the Expiration Date. If Seller fails to timely deliver a closed Best Effort Loan or fulfill fulfil its obligations under a Mandatory Commitment, Arc ArcHome may renegotiate the Purchase Price of the Loan including without limitation extension and suspense fees in accordance with the Arc Correspondent Seller's Guide. If the Seller fails to fulfill fulfil its obligations under a Best Efforts or Mandatory Commitment the Seller will be subject to a Pair Off Fee determined in accordance with the Arc Correspondent Seller's ’s Guide.

Rate Commitment. Seller may request a rate quotation and rate commitment in accordance with the Arc Correspondent Home Seller's ’s Guide. If accepted, Seller will provide Arc Home with a Best Efforts or Mandatory Commitment, as applicable. In order to receive payment for a Loan based on a committed rate in accordance with this Section 2.3, Seller must deliver to Arc Home a Purchasable Loan File and Credit File, including any required fees, and any additional information concerning the Property and/or the applicant which Arc Home may deem necessary, prior to the Expiration Date. If Seller fails to timely deliver a closed Best Effort Loan or fulfill its obligations under a Mandatory Commitment, Arc Home may renegotiate the Purchase Price of the Loan including without limitation extension and suspense fees in accordance with the Arc Correspondent Seller's Guide. If the Seller fails to fulfill its obligations under a Best Efforts or Mandatory Commitment the Seller will be subject to a Pair Off Fee determined in accordance with the Arc Correspondent Seller's ’s Guide.