Common use of Seller Notification and Offer by Purchaser Clause in Contracts

Seller Notification and Offer by Purchaser. The Seller shall notify Fxxxxx Mac of the desired Sale Date with respect to one or more Qualified Loans by delivering a Loan Setup File not later than seven (7) Business Days prior to the desired Sale Date. Upon receipt of a Loan Setup File, if Fxxxxx Mac determines that one or more Qualified Loans meet its eligibility criteria, Fxxxxx Mac shall prepare a Commitment Letter and deliver to the Seller a copy of such Commitment Letter signed by Fxxxxx Mac no later than five (5) Business Days prior to the desired Sale Date. Fxxxxx Mac shall deliver the signed Commitment Letter to the Seller via facsimile transmission to Director, Strategic Project Management at 700-000-0000. Such notification evidences the Purchaser’s offer to purchase the Qualified Loans referenced therein under the terms and conditions set forth in such Commitment Letter and this Master Agreement, which offer shall expire at the close of business on the Commitment Expiration Date specified in the Commitment Letter if not accepted by the Seller before that date.

Seller Notification and Offer by Purchaser. The Seller shall notify Fxxxxx Xxxxxx Mac of the desired Sale Date with respect to one or more Qualified Loans by delivering a Loan Setup File not later than seven (7) Business Days prior to the desired Sale Date. Upon receipt of a Loan Setup File, if Fxxxxx Xxxxxx Mac determines that one or more Qualified Loans meet its eligibility criteria, Fxxxxx Xxxxxx Mac shall prepare a Commitment Letter and deliver to the Seller a copy of such Commitment Letter signed by Fxxxxx Xxxxxx Mac no later than five (5) Business Days prior to the desired Sale Date. Fxxxxx Xxxxxx Mac shall deliver the signed Commitment Letter to the Seller via facsimile transmission email to Director, Strategic Project Management at 700-000-0000the email address communicated to Xxxxxx Mac by the Seller in accordance with the requirements of Section 6.02 below or by any other method or to any other person specified in writing to Xxxxxx Mac by the Seller from time to time. Such notification evidences the Purchaser’s offer to purchase the Qualified Loans referenced therein under the terms and conditions set forth in such Commitment Letter and this Master Agreement, which offer shall expire at the close of business on the Commitment Expiration Date specified in the Commitment Letter if not accepted by the Seller before that date.