Common use of Takeout Payments Clause in Contracts

Takeout Payments. With respect to each Committed Mortgage Loan, Seller shall arrange that all payments under the related Takeout Commitment be paid directly to Buyer at the account set forth in Schedule 4 hereof, or to an account approved by Buyer in writing prior to such payment. With respect to any Takeout Commitment to an Agency, if applicable, (1) 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 Buyer’s wire instructions or Buyer has approved such wire transfer instructions in writing in its sole discretion, or (2) the Payee Number set forth on Xxxxxx Mae Form 1068 (Fixed‑Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Xxxxxx Xxx Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, will be identical to the Payee Number that has been identified by Buyer in writing as Buyer’s Payee Number or 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 Buyer as sole subscriber, unless otherwise agreed to in writing by Buyer, in Buyer’s sole discretion.

Takeout Payments. With respect to each Committed Mortgage LoanLoan which is the subject of a Takeout Commitment with a Takeout Investor, Seller shall arrange that all payments under the related Takeout Commitment be paid directly to Buyer at the account set forth in Schedule 4 hereof, or to an account approved by Buyer in writing prior to such paymentJoint Securities Account Control Agreement. With respect to any Takeout Commitment to an Agency, if applicable, (1) with respect to the wire transfer instructions as set forth in Xxxxxxx Freddie Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to Buyer’s wire instructions or Buyer has approved such wire transfer instructions in writing in its sole discretion, or (2) the Payee Number payee number set forth on Xxxxxx Mae Xxx Form 1068 (Fixed‑RateFixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Xxxxxx Xxx Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, will be identical to the Payee Number payee number that has been identified by Buyer in writing as Buyer’s Payee Number payee number or Buyer will have previously approved the related Payee Number payee number in writing in its sole discretion; with respect to any Takeout Commitment with an Agency, the Applicable Agency Documents applicable agency documents will list Buyer as sole subscriber, unless otherwise agreed to in writing by BuyerXxxxx, in BuyerXxxxx’s sole discretion.

Takeout Payments. With respect to each Committed Mortgage Loan, Seller Sellers shall arrange that all payments under the related Takeout Commitment be paid directly to Buyer at the account set forth in Schedule 4 hereof, or to an account approved by Buyer in writing prior to such payment. With respect to any Takeout Commitment to an Agency, if applicable, (1) 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 Buyer’s wire instructions or Buyer has approved such wire transfer instructions in writing in its sole discretion, or (2) the Payee Number set forth on Xxxxxx Mae Xxx Form 1068 (Fixed‑Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Asset Schedule) or Xxxxxx Xxx Mae Form 1069 (Adjustable-Rate Mortgage Loan Asset Schedule), as applicable, will be identical to the Payee Number that has been identified by Buyer in writing as Buyer’s Payee Number or 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 applicable agency documents will list Buyer as sole subscriber, unless otherwise agreed to in writing by Buyer, in Buyer’s sole discretion.

Takeout Payments. With respect to each Committed Mortgage Loan, Seller shall arrange that all payments under the related Takeout Commitment be paid directly to Buyer at the account set forth in Schedule 4 hereof, or to an account approved by Buyer in writing prior to such payment. With respect to any Takeout Commitment to an Agency, if applicable, (1) 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 Buyer’s wire instructions or Buyer has approved such wire transfer instructions in writing in its sole discretion, or (2) the Payee Number set forth on Xxxxxx Mae Form 1068 (Fixed‑Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Asset Schedule) or Xxxxxx Xxx Form 1069 (Adjustable-Rate Mortgage Loan Asset Schedule), as applicable, will be identical to the Payee Number that has been identified by Buyer in writing as Buyer’s Payee Number or 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 applicable agency documents will list Buyer as sole subscriber, unless otherwise agreed to in writing by Buyer, in Buyer’s sole discretion.

Takeout Payments. With respect to each Committed Mortgage Loan, 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 Schedule 4 Section 9 hereof, or to an account approved by the Buyer in writing prior to such payment. With respect to any Agency Takeout Commitment to an AgencyCommitment, if applicable, (1) 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 Buyer’s wire instructions or the Buyer has approved such wire transfer instructions in writing in its sole discretion, or (2) the Payee Number set forth on Xxxxxx Mae Form 1068 (Fixed‑RateFixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Xxxxxx Xxx Form 1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, will be is identical to the Payee Number that has been identified by Buyer in writing as Buyer’s Payee Number or the Buyer will have previously has approved the related Payee Number in writing in its sole discretion; with With respect to any Takeout Commitment with an Agency, the Applicable Agency Documents will applicable agency documents list Buyer as sole subscriber, subscriber unless otherwise agreed subject to an intercreditor agreement in writing by form and substance acceptable to the Buyer, in Buyer’s sole discretion.