Common use of Takeout Commitment Clause in Contracts

Takeout Commitment. Seller shall make a commercially reasonable effort to obtain a Takeout Commitment for each Type 3 Nonconforming Loan, and Seller shall provide to MBF a true and correct photocopy of it or information about it (in such format and by such media as MBF may from time to time determine) as soon as practicable after Seller has obtained the Takeout Commitment. MBF acknowledges that a Takeout Commitment for a Type 3 Nonconforming Loan may take the form of a bulk trade commitment concerning a number of Type 3 Nonconforming Loans and certain other loans.

Takeout Commitment. Seller shall make a commercially reasonable effort to obtain a Takeout Commitment for each Type 3 2 Nonconforming Loan, and Seller shall provide to MBF a true and correct photocopy of it or information about it (in such format and by such media as MBF may from time to time determine) as soon as practicable after Seller has obtained the Takeout Commitment. MBF acknowledges that a Takeout Commitment for a Type 3 2 Nonconforming Loan may take the form of a bulk trade commitment concerning a number of Type 3 2 Nonconforming Loans and certain other loans.

Takeout Commitment. Seller shall make a commercially reasonable effort to obtain a Takeout Commitment for each Type 3 1 Nonconforming Loan, and Seller shall provide to MBF a true and correct photocopy of it or information about it (in such format and by such media as MBF may from time to time determine) as soon as practicable after Seller has obtained the Takeout Commitment. MBF acknowledges that a Takeout Commitment for a Type 3 1 Nonconforming Loan may take the form of a bulk trade commitment concerning a number of Type 3 1 Nonconforming Loans and certain other loans.

Takeout Commitment. Seller shall make a commercially reasonable effort to obtain a Takeout Commitment for each Type 3 Nonconforming Undesignated Loan, and Seller shall provide to MBF a true and correct photocopy of it or information about it (in such format and by such media as MBF may from time to time determine) as soon as practicable after Seller has obtained the Takeout Commitment. MBF acknowledges that a Takeout Commitment for a Type 3 Nonconforming an Undesignated Loan may take the form of a bulk trade commitment concerning a number of Type 3 Nonconforming Undesignated Loans and certain other loans.