Common use of Takeout Payments Clause in Contracts

Takeout Payments. With respect to each Purchased Asset and the portion of each Security related to Purchased Assets subject to a Transaction, in each case that is subject to a Takeout Commitment, the Seller shall ensure that the related portion of the purchase price and all other payments under such Takeout Commitment to the extent related to Purchased Assets subject to a Transaction or such portion of each Security related to Purchased Assets subject to a Transaction shall be paid to Agent for the benefit of Buyers (or its designee) in accordance with the Joint Account Control Agreement or the Joint Securities Account Control Agreement, as applicable. Unless subject to the Joint Account Control Agreement or Joint Securities Account Control Agreement, with respect to any Takeout Commitment with an Agency, if applicable, (1) with respect to the wire transfer instructions as set forth in Fredxxx Xxx Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to Agent’s wire instructions or Agent has approved such wire transfer instructions in writing in its sole discretion, or (2) the Payee Number set forth on Fannxx Xxx Xxxm 1068 (Fixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Fannxx Xxx Xxxm 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, will be identical to the Payee Number that has been identified by Agent in writing as Agent’s Payee Number or Agent will have previously approved the related Payee Number in writing in its sole discretion; with respect to any Takeout Commitment with an Agency, the applicable agency documents will list Agent for the benefit of Buyers as sole subscriber, unless otherwise agreed to in writing by Agent, in Agent’s sole discretion.

Takeout Payments. With respect to each Purchased Asset Loan and the portion of each Security related to Purchased Assets Loans subject to a Transaction, in each case that is subject to a Takeout Commitment, the Seller shall ensure that the related portion of the purchase price and all other payments under such Takeout Commitment to the extent related to Purchased Assets Loans subject to a Transaction or such portion of each Security related to Purchased Assets Loans subject to a Transaction shall be paid to Agent for the benefit of Buyers Buyer (or its designee) in accordance with the Joint Account Control Agreement or the Joint Securities Account Control Agreement, as applicable. Unless subject to the Joint Account Control Agreement or Joint Securities Account Control Agreement, with respect to any Takeout Commitment with an Agency, if applicable, (1) with ith respect to the wire transfer instructions as set forth in Fredxxx Xxx Xxxxxxx Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to AgentBuyer’s wire instructions or Agent Buyer has approved such wire transfer instructions in writing in its sole discretion, or (2) the Payee Number set forth on Fannxx Xxxxxx Xxx Xxxm Form 1068 (Fixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Fannxx Xxx Xxxm Xxxxxx Mae Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, will be identical to the Payee Number that has been identified by Agent Buyer in writing as AgentBuyer’s Payee Number or Agent Buyer will have previously approved the related Payee Number in writing in its sole discretion; with respect to any Takeout Commitment with an Agency, the applicable agency documents will list Agent for the benefit of Buyers Buyer as sole subscriber, unless otherwise agreed to in writing by AgentBuyer, in AgentBuyer’s sole discretion.

Takeout Payments. With respect to each Purchased Asset Loan and the portion of each Security related to Purchased Assets Loans subject to a Transaction, in each case that is subject to a Takeout Commitment, the Seller shall ensure that the related portion of the purchase price and all other payments under such Takeout Commitment to the extent related to Purchased Assets Loans subject to a Transaction or such portion of each Security related to Purchased Assets Loans subject to a Transaction shall be paid to Agent for the benefit of Buyers Buyer (or its designee) in accordance with the Joint Account Control Agreement or the Joint Securities Account Control Agreement, as applicable. Unless subject to the Joint Account Control Agreement or Joint Securities Account Control Agreement, with respect to any Takeout Commitment with an Agency, if applicable, (1) with respect to the wire transfer instructions as set forth in Fredxxx Xxx Xxxxxxx Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to AgentBuyer’s wire instructions or Agent Buyer has approved such wire transfer instructions in writing in its sole discretion, or (2) the Payee Number set forth on Fannxx Xxxxxx Xxx Xxxm Form 1068 (Fixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Fannxx Xxx Xxxm Xxxxxx Mae Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, will be identical to the Payee Number that has been identified by Agent Buyer in writing as AgentBuyer’s Payee Number or Agent Buyer will have previously approved the related Payee Number in writing in its sole discretion; with respect to any Takeout Commitment with an Agency, the applicable agency documents will list Agent for the benefit of Buyers Buyer as sole subscriber, unless otherwise agreed to in writing by AgentBuyer, in AgentBuyer’s sole discretion.

Takeout Payments. With respect to each Purchased Asset and the portion of each Security related to Purchased Assets subject to a Transaction, in each case that is subject to a Takeout Commitment, the Seller shall ensure that the related portion of the purchase price and all other payments under such Takeout Commitment to the extent related to Purchased Assets subject to a Transaction or such portion of each Security related to Purchased Assets subject to a Transaction shall be paid to Agent for the benefit of Buyers Buyer (or its designee) in accordance with the Joint Account Control Agreement or the Joint Securities Account Control Agreement, as applicable. Unless subject to the Joint Account Control Agreement or Joint Securities Account Control Agreement, with respect to any Takeout Commitment with an Agency, if applicable, (1) with respect to the wire transfer instructions as set forth in Fredxxx Xxx Xxxxxxx Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to AgentBuyer’s wire instructions or Agent Buyer has approved such wire transfer instructions in writing in its sole discretion, or (2) the Payee Number set forth on Fannxx Xxxxxx Xxx Xxxm Form 1068 (Fixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Fannxx Xxx Xxxm Xxxxxx Mae Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, will be identical to the Payee Number that has been identified by Agent Buyer in writing as AgentBuyer’s Payee Number or Agent Buyer will have previously approved the related Payee Number in writing in its sole discretion; with respect to any Takeout Commitment with an Agency, the applicable agency documents will list Agent for the benefit of Buyers Buyer as sole subscriber, unless otherwise agreed to in writing by AgentBuyer, in AgentBuyer’s sole discretion.

Takeout Payments. With respect to each Purchased Asset and the portion of each Security related to Purchased Assets subject to a Transaction, in each case that is subject to a Takeout Commitment, the Seller shall ensure that the related portion of the purchase price and all other payments under such Takeout Commitment to the extent related to Purchased Assets subject to a Transaction or such portion of each Security related to Purchased Assets subject to a Transaction shall be paid to Agent for the benefit of Buyers Buyer (or its designee) in accordance with the Joint Account Control Agreement or the Joint Securities Account Control Agreement, as applicable. Unless subject to the Joint Account Control Agreement or Joint Securities Account Control Agreement, with respect to any Takeout Commitment with an Agency, if applicable, (1) with respect to the wire transfer instructions as set forth in Fredxxx Xxx Xxxxxxx Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to AgentBuyer’s wire instructions or Agent Buyer has approved such wire transfer instructions in writing in its sole discretion, or (2) the Payee Number set forth on Fannxx Xxx Xxxm Xxxxxx Mae Form 1068 (Fixed-Fixed Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Fannxx Xxxxxx Xxx Xxxm Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, will be identical to the Payee Number that has been identified by Agent Buyer in writing as AgentBuyer’s Payee Number or Agent Buyer will have previously approved the related Payee Number in writing in its sole discretion; with respect to any Takeout Commitment with an Agency, the applicable agency documents will list Agent for the benefit of Buyers Buyer as sole subscriber, unless otherwise agreed to in writing by AgentBuyer, in AgentBuyer’s sole discretion.

Takeout Payments. With respect to each Purchased Asset and the portion of each Security related to Purchased Assets subject to a Transaction, in each case that is subject to a Takeout Commitment, the Seller shall ensure that the related portion of the purchase price and all other payments under such Takeout Commitment to the extent related to Purchased Assets subject to a Transaction or such portion of each Security related to Purchased Assets subject to a Transaction shall be paid to Agent for the benefit of Buyers Buyer (or its designee) in accordance with the Joint Account Control Agreement or the Joint Securities Account Control Agreement, as applicable. Unless subject to the Joint Account Control Agreement or Joint Securities Account Control Agreement, with respect to any Takeout Commitment with an Agency, if applicable, (1) with respect to the wire transfer instructions as set forth in Fredxxx Xxx Xxxxxxx Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to AgentBuyer’s wire instructions or Agent Buyer has approved such wire transfer instructions in writing in its sole discretion, or (2) the Payee Number set forth on Fannxx Xxx Xxxm Xxxxxx Mae Form 1068 (Fixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Fannxx Xxxxxx Xxx Xxxm Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, will be identical to the Payee Number that has been identified by Agent Buyer in writing as AgentBuyer’s Payee Number or Agent Buyer will have previously approved the related Payee Number in writing in its sole discretion; with respect to any Takeout Commitment with an Agency, the applicable agency documents will list Agent for the benefit of Buyers Buyer as sole subscriber, unless otherwise agreed to in writing by AgentBuyer, in AgentBuyer’s sole discretion.

Takeout Payments. With respect to each Purchased Asset Loan and the portion of each Security related to Purchased Assets Loans subject to a Transaction, in each case that is subject to a Takeout Commitment, the Seller shall ensure that the related portion of the purchase price and all other payments under such Takeout Commitment to the extent related to Purchased Assets Loans subject to a Transaction or such portion of each Security related to Purchased Assets Loans subject to a Transaction shall be paid to Agent for the benefit of Buyers Buyer (or its designee) in accordance with the Joint Account Control Agreement or the Joint Securities Account Control Agreement, as applicable. Unless subject to the Joint Account Control Agreement or Joint Securities Account Control Agreement, with respect to any Takeout Commitment with an Agency, if applicable, (1) with respect to the wire transfer instructions as set forth in Fredxxx Xxx Freddie Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to AgentBuyer’s wire instructions or Agent Buyer has approved such wire transfer instructions in writing in its sole discretion, or (2) the Payee Number set forth on Fannxx Xxxxxx Xxx Xxxm Form 1068 (Fixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Fannxx Xxxxxx Xxx Xxxm Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, will be identical to the Payee Number that has been identified by Agent Buyer in writing as AgentBuyer’s Payee Number or Agent Buyer will have previously approved the related Payee Number in writing in its sole discretion; with respect to any Takeout Commitment with an Agency, the applicable agency documents will list Agent for the benefit of Buyers Buyer as sole subscriber, unless otherwise agreed to in writing by AgentXxxxx, in AgentXxxxx’s sole discretion.

Takeout Payments. With respect to each Purchased Asset and the portion of each Security related to Purchased Assets subject to a Transaction, in each case that is subject to a Takeout Commitment, the Seller shall ensure that the related portion of the purchase price and all other payments under such Takeout Commitment to the extent related to Purchased Assets subject to a Transaction or such portion of each Security related to Purchased Assets subject to a Transaction shall be paid to Agent for the benefit of Buyers Buyer (or its designee) in accordance with the Joint Account Control Agreement or the Joint Securities Account Control Agreement, as applicable. Unless subject to the Joint Account Control Agreement or Joint Securities Account Control Agreement, with respect to any Takeout Commitment with an Agency, if applicable, (1) with respect to the wire transfer instructions as set forth in Fredxxx Xxx Xxxxxxx Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to AgentBuyer’s wire instructions or Agent Buyer has approved such wire transfer instructions in writing in its sole discretion, or (2) the Payee Number set forth on Fannxx Xxxxxx Xxx Xxxm Form 1068 (Fixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Fannxx Xxx Xxxm Xxxxxx Mae Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, will be identical to the Payee Number that has been identified by Agent Buyer in writing as AgentBuyer’s Payee Number or Agent Buyer will have previously approved the related Payee Number in writing in its sole discretion; with respect to any Takeout Commitment with an Agency, the applicable agency Agency documents will list Agent for the benefit of Buyers Buyer as sole subscriber, unless otherwise agreed to in writing by AgentBuyer, in AgentBuyer’s sole discretion.

Takeout Payments. With respect to each Purchased Asset and the portion of each Security related to Purchased Assets subject to a Transaction, in each case that is subject to a Takeout Commitment, the Seller shall ensure that the related portion of the purchase price and all other payments under such Takeout Commitment to the extent related to Purchased Assets subject to a Transaction or such portion of each Security related to Purchased Assets subject to a Transaction shall be paid to Agent for the benefit of Buyers Buyer (or its designee) in accordance with the Joint Account Control Agreement or the Joint Securities Account Control Agreement, as applicable. Unless subject to the Joint Account Control Agreement or Joint Securities Account Control Agreement, with respect to any Takeout Commitment with an Agency, if applicable, (1) with respect to the wire transfer instructions as set forth in Fredxxx Xxx Xxxxxxx Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) (or its successor form), such wire transfer instructions are identical to AgentBuyer’s wire instructions or Buyer (or Agent on behalf of Buyer) has approved such wire transfer instructions in writing in its sole discretion, or (2) the Payee Number set forth on Fannxx Xxxxxx Xxx Xxxm Form 1068 (Fixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Fannxx Xxxxxx Xxx Xxxm Form 1069 (Adjustable-Rate Mortgage Loan Schedule) (or their respective successor forms), as applicable, will be identical to the Payee Number that has been identified by Buyer (or Agent on behalf of Buyer) in writing as AgentBuyer’s Payee Number or Buyer (or Agent on behalf of Buyer) will have previously approved the related Payee Number in writing in its sole discretion; with respect to any Takeout Commitment with an Agency, the applicable agency documents will list Agent for the benefit of Buyers Buyer as sole subscriber, unless otherwise agreed to in writing by AgentXxxxx (or Agent on behalf of Buyer) (including pursuant to the terms of the Intercreditor Agreement), in Buyer’s or Agent’s as the case may be sole discretion.. US_ACTIVE\126495096\V-12

Takeout Payments. With respect to each Purchased Asset and the portion of each Security related to Purchased Assets subject to a Transaction, in each case that is Mortgage Loan subject to a Takeout CommitmentCommitment which has not been assigned to the Buyer pursuant to a Takeout Commitment Assignment, the Seller Sellers shall ensure arrange that all payments under the related portion of the purchase price and all other payments under such Takeout Commitment to the extent related to Purchased Assets subject to a Transaction or such portion of each Security related to Purchased Assets subject to a Transaction shall be paid to Agent for the benefit of Buyers (or its designee) in accordance with the Joint Account Control Agreement or the Joint Securities Account Control Agreement, as applicable. Unless subject directly to the Joint Account Control Agreement Buyer at the account set forth in Section 9 hereof, or Joint Securities Account Control Agreement, with to an account approved by the Buyer in writing prior to such payment. With respect to any Agency Takeout Commitment with an AgencyCommitment, if applicable, (1) with respect to the wire transfer instructions as set forth in Fredxxx Xxx Xxxxxxx Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to AgentBuyer’s wire instructions or Agent the Buyer has approved such wire transfer instructions in writing in its sole discretion, or (2) the Payee Number set forth on Fannxx Xxx Xxxm Xxxxxx Mae Form 1068 (Fixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Fannxx Xxxxxx Xxx Xxxm Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, will be is identical to the Payee Number that has been identified by Agent Buyer in writing as AgentBuyer’s Payee Number or Agent will have previously the Buyer has approved the related Payee Number in writing in its sole discretion; with With respect to any Takeout Commitment with an AgencyAgency for which the Agency is swapping the related Mortgage Loans for a mortgage backed security, the applicable agency Agency documents will list Agent for the benefit of Buyers Buyer as sole subscriber, unless otherwise agreed to in writing by Agent, in Agent’s sole discretion.

Takeout Payments. With respect to each Purchased Asset and the portion of each Security related to Purchased Assets subject to a Transaction, in each case that is subject to a Takeout Commitment, the Seller shall ensure that the related portion of the purchase price and all other payments under such Takeout Commitment to the extent related to Purchased Assets subject to a Transaction or such portion of each Security related to Purchased Assets subject to a Transaction shall be paid to Agent for the benefit of Buyers (or its designee) in accordance with the Joint Account Control Agreement or the Joint Securities Account Control Agreement, as applicable. Unless subject to the Joint Account Control Agreement or Joint Securities Account Control Agreement, with respect to any Takeout Commitment with an Agency, if applicable, (1) with respect to the wire transfer instructions as set forth in Fredxxx Xxx Xxxxxxx Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to Agent’s wire instructions or Agent has approved such wire transfer instructions in writing in its sole discretion, or (2) the Payee Number set forth on Fannxx Xxxxxx Xxx Xxxm Form 1068 (Fixed-RateFixedRate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Fannxx Xxx Xxxm Xxxxxx Mae Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, will be identical to the Payee Number that has been identified by Agent in writing as Agent’s Payee Number or Agent will have previously approved the related Payee Number in writing in its sole discretion; with respect to any Takeout Commitment with an Agency, the applicable agency documents will list Agent for the benefit of Buyers as sole subscriber, unless otherwise agreed to in writing by Agent, in Agent’s sole discretion.

Takeout Payments. With respect to each Purchased Asset and the portion of each Security related to Purchased Assets subject to a Transaction, in each case that is Mortgage Loan subject to a Takeout CommitmentCommitment which has not been assigned to the Buyer pursuant to a Takeout Commitment Assignment, the Seller shall ensure arrange that all payments under the related portion of the purchase price and all other payments under such Takeout Commitment to the extent related to Purchased Assets subject to a Transaction or such portion of each Security related to Purchased Assets subject to a Transaction shall be paid to Agent for the benefit of Buyers (or its designee) in accordance with the Joint Account Control Agreement or the Joint Securities Account Control Agreement, as applicable. Unless subject directly to the Joint Account Control Agreement Buyer at the account set forth in Section 9 hereof, or Joint Securities Account Control Agreement, with to an account approved by the Buyer in writing prior to such payment. With respect to any Agency Takeout Commitment with an AgencyCommitment, if applicable, (1) with respect to the wire transfer instructions as set forth in Fredxxx Xxx Xxxxxxx Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to AgentBuyer’s wire instructions or Agent the Buyer has approved such wire transfer instructions in writing in its sole discretion, or (2) the Payee Number set forth on Fannxx Xxx Xxxm Xxxxxx Mae Form 1068 (Fixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Fannxx Xxxxxx Xxx Xxxm Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, will be is identical to the Payee Number that has been identified by Agent Buyer in writing as AgentBuyer’s Payee Number or Agent will have previously the Buyer has approved the related Payee Number in writing in its sole discretion; with With respect to any Takeout Commitment with an AgencyAgency for which the Agency is swapping the related Mortgage Loans for a mortgage backed security, the applicable agency Agency documents will list Agent for the benefit of Buyers Buyer as sole sole-subscriber, unless otherwise agreed to in writing by Agent, in Agent’s sole discretion.

Takeout Payments. With respect to each Purchased Asset Loan and the portion of each Security related to Purchased Assets Loans subject to a Transaction, in each case that is subject to a Takeout Commitment, the Seller shall ensure that the related portion of the purchase price and all other payments under such Takeout Commitment to the extent related to Purchased Assets Loans subject to a Transaction or such portion of each Security related to Purchased Assets Loans subject to a Transaction shall be paid to Agent for the benefit of Buyers Buyer (or its designee) in accordance with the Joint Account Control Agreement or the Joint Securities Account Control Agreement, as applicable. Unless subject to the Joint Account Control Agreement or Joint Securities Account Control Agreement, with respect to any Takeout Commitment with an Agency, if applicable, (1) with respect to the wire transfer instructions as set forth in Fredxxx Xxx Xxxxxxx Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to AgentBuyer’s wire instructions or Buyer (or Agent on behalf of Buyer) has approved such wire transfer instructions in writing in its sole discretion, or (2) the Payee Number set forth on Fannxx Xxxxxx Xxx Xxxm Form 1068 (Fixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Fannxx Xxx Xxxm Xxxxxx Mae Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, will be identical to the Payee Number that has been identified by Buyer (or Agent on behalf of Buyer) in writing as AgentBuyer’s Payee Number or Buyer (or Agent on behalf of Buyer) will have previously approved the related Payee Number in writing in its sole discretion; with respect to any Takeout Commitment with an Agency, the applicable agency documents will list Agent for the benefit of Buyers Buyer as sole subscriber, unless otherwise agreed to in writing by AgentBuyer (or Agent on behalf of Buyer), in Buyer’s or Agent’s as the case may be sole discretion.