Common use of Takeout Payments Clause in Contracts

Takeout Payments. With respect to each Mortgage Loan subject to a Takeout Commitment, the Seller shall arrange that all payments under the related Takeout Commitment shall be paid directly to the Buyer at the account set forth in Section 9 hereof, or to an account approved by the Buyer in writing prior to such payment. With respect to any Agency Takeout Commitment, if applicable, (i) with respect to the wire transfer instructions as set forth in Xxxxxxx Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to the Buyer's wire instructions or the Buyer has approved such wire transfer instructions in writing in its sole discretion, or (ii) the Payee Number set forth on Xxxxxx Xxx Form 1068 (Fixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Xxxxxx Mae Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, is identical to the Payee Number that has been identified by the Buyer in writing as the Buyer's Payee Number or the Buyer has approved the related Payee Number in writing in its sole discretion; With respect to any Takeout Commitment with an Agency for which the Agency is swapping the related Mortgage Loans for a mortgage backed security, the applicable Agency documents list the Buyer as sole subscriber.

Takeout Payments. With respect to each Mortgage Loan subject to a Takeout Commitment, the Seller shall arrange that all payments under the related Takeout Commitment shall be paid directly to the Buyer at the account set forth in Section 9 hereof, or to an account approved by the Buyer in writing prior to such payment. With respect to any Agency Takeout Commitment, if applicable, (i) with respect to the wire transfer instructions as set forth in Xxxxxxx Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to the Buyer's ’s wire instructions or the Buyer has approved such wire transfer instructions in writing in its sole discretion, or (ii) the Payee Number set forth on Xxxxxx Xxx Form 1068 (Fixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Asset Schedule) or Xxxxxx Mae Form 1069 (Adjustable-Rate Mortgage Loan Asset Schedule), as applicable, is identical to the Payee Number that has been identified by the Buyer in writing as the Buyer's ’s Payee Number or the Buyer has approved the related Payee Number in writing in its sole discretion; With respect to any Takeout Commitment with an Agency for which the Agency is swapping the related Mortgage Loans for a mortgage backed security, the applicable Agency documents list the Buyer as sole subscriber.

Takeout Payments. With respect to each Mortgage Loan subject to a Takeout Commitment, the Seller shall arrange that all payments under the related Takeout Commitment shall be paid directly to the Buyer at the account set forth in Section 9 hereof, or to an account approved by the Buyer in writing prior to such payment. With respect to any Agency Takeout Commitment, if applicable, (i1) with respect to the wire transfer instructions as set forth in Xxxxxxx Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to the Buyer's ’s wire instructions or the Buyer has approved such wire transfer instructions in writing in its sole discretion, or (ii2) the Payee Number set forth on Xxxxxx Xxx Mae Form 1068 (Fixed-Rate, Graduated-Payment, or Growing-Growing- Equity Mortgage Loan Schedule) or Xxxxxx Mae Xxx Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, is identical to the Payee Number that has been identified by the Buyer in writing as the Buyer's ’s Payee Number or the Buyer has approved the related Payee Number in writing in its sole discretion; With respect to any Takeout Commitment with an Agency for which the Agency is swapping the related Mortgage Loans for a mortgage backed security, the applicable Agency documents list the Buyer as sole subscriber.

Takeout Payments. With respect to each Mortgage Loan subject to a Takeout Commitment, the Seller shall arrange that all payments under the related Takeout Commitment shall be paid directly to the Buyer at the account Settlement Account as set forth in Section 9 hereofthe Custodial Agreement, or to an account approved by the Buyer in writing prior to such payment. With respect to any Agency Takeout Commitment, if applicable, (i1) with respect to the wire transfer instructions as set forth in Xxxxxxx Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to the Buyer's ’s wire instructions or the Buyer has approved such wire transfer instructions in writing in its sole discretion, or (ii2) the Payee Number set forth on Xxxxxx Xxx Mae Form 1068 (Fixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Xxxxxx Mae Xxx Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, is identical to the Payee Number that has been identified by the Buyer in writing as the Buyer's ’s Payee Number or the Buyer has approved the related Payee Number in writing in its sole discretion; With respect to any Takeout Commitment with an Agency for which the Agency is swapping the related Mortgage Loans for a mortgage backed security, the applicable Agency documents list the Buyer as sole subscriber.

Takeout Payments. With respect to each Mortgage Loan subject to a Takeout Commitment, the Seller Sellers shall arrange that all payments under the related Takeout Commitment shall be paid directly to the Buyer at the account Settlement Account as set forth in Section 9 hereofthe Custodial Agreement, or to an account approved by the Buyer in writing prior to such payment. With respect to any Agency Takeout Commitment, if applicable, (i1) with respect to the wire transfer instructions as set forth in Xxxxxxx Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to the Buyer's ’s wire instructions or the Buyer has approved such wire transfer instructions in writing in its sole discretion, or (ii2) the Payee Number set forth on Xxxxxx Xxx Mae Form 1068 (Fixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Xxxxxx Mae Xxx Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, is identical to the Payee Number that has been identified by the Buyer in writing as the Buyer's ’s Payee Number or the Buyer has approved the related Payee Number in writing in its sole discretion; With respect to any Takeout Commitment with an Agency for which the Agency is swapping the related Mortgage Loans for a mortgage backed security, the applicable Agency documents list the Buyer as sole subscriber.

Takeout Payments. With respect to each Mortgage Loan subject to Purchased Asset that is an Agency Takeout Loan, an Early Purchase Program Loan, a Third Party Takeout CommitmentLoan, the or a Security, Seller shall arrange ensure that the related Takeout Price and all other payments under the related Takeout Commitment (or, in the case of a Security, the related Trade Assignment) shall be paid directly to the Buyer at the account set forth Third Party Loan Purchase Proceeds Account in accordance with Section 9 hereof, or to an account approved by the Buyer in writing prior to such payment7. With respect to any each Purchased Asset that is an Agency Takeout Commitment, if applicableLoan, (i1) with respect to the wire transfer instructions as set forth in Xxxxxxx Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to the Buyer's ’s designated wire instructions or the Buyer has approved such wire transfer instructions in writing in its sole discretion, or (ii2) the Payee Number set forth on Xxxxxx Xxx Form 1068 (Fixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Asset Schedule) or Xxxxxx Mae Form 1069 (Adjustable-Rate Mortgage Loan Asset Schedule), as applicable, is identical to the Payee Number that has been identified by the Buyer in writing as the Buyer's ’s Payee Number or the Buyer has approved the related Payee Number in writing in its sole discretion; . With respect to any Takeout Commitment with each Purchased Asset that is an Agency for which the Agency is swapping the related Mortgage Loans for a mortgage backed securityEarly Purchase Program Loan, the applicable Agency documents list the Buyer as sole subscriber.

Takeout Payments. With respect to each Mortgage Loan subject to a Takeout Commitment, the Seller shall arrange that all payments under the related Takeout Commitment shall be paid directly to the Buyer at the account set forth in Section 9 hereof, or to an account approved by the Buyer in writing prior to such payment. With respect to any Agency Takeout Commitment, if applicable, (i1) with respect to the wire transfer instructions as set forth in Xxxxxxx Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to the Buyer's ’s wire instructions or the Buyer has approved such wire transfer instructions in writing in its sole discretion, or (ii2) the Payee Number set forth on Xxxxxx Xxx Mae Form 1068 (Fixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Xxxxxx Mae Xxx Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, is identical to the Payee Number that has been identified by the Buyer in writing as the Buyer's ’s Payee Number or the Buyer has approved the related Payee Number in writing in its sole discretion; With respect to any Takeout Commitment with an Agency for which the Agency is swapping the related Mortgage Loans for a mortgage backed security, the applicable Agency documents list the Buyer as sole subscriber.

Takeout Payments. With respect to each Mortgage Loan subject to a Takeout Commitment, the Seller Sellers shall arrange that all payments under the related Takeout Commitment shall be paid directly to the Buyer at the account Settlement Account as set forth in Section 9 hereofthe Custodial Agreement, or to an account approved by the Buyer in writing prior to such payment. With respect to any Agency Takeout Commitment, if applicable, (i1) with respect to the wire transfer instructions as set forth in Xxxxxxx Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to the Buyer's wire instructions or the Buyer has approved such wire transfer instructions in writing in its sole discretion, or (ii2) the Payee Number set forth on Xxxxxx Xxx Mae Form 1068 (Fixed-Rate, Graduated-Payment, or Growing-Growing- Equity Mortgage Loan Schedule) or Xxxxxx Mae Xxx Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, is identical to the Payee Number that has been identified by the Buyer in writing as the Buyer's Payee Number or the Buyer has approved the related Payee Number in writing in its sole discretion; With respect to any Takeout Commitment with an Agency for which the Agency is swapping the related Mortgage Loans for a mortgage backed security, the applicable Agency documents list the Buyer as sole subscriber.