Terms of this Commitment Sample Clauses

Terms of this Commitment. The Mortgage Loans are to be sold in a whole loan format on a servicing-released basis. At the option of and pursuant to criteria established by Greenwich, the Mortgage Loans may be divided into two or more groups (each group individually, a "Loan Package") and in such event the purchase and sale of each Loan Package will be separately documented if requested by Greenwich. At your expense, and as a condition to the closing on the Settlement Date, the original mortgage notes properly endorsed, mortgages, modification, extension and/or assumption agreements, assignments of mortgage, intervening assignments of mortgage, title insurance policies and mortgage insurance policies shall be delivered to Manufacturers and Traders Trust Company (the "Custodian"), at least three (3) business days prior to the Settlement Date ("Delivery Date").
Sample 1
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Terms of this Commitment. The Mortgage Loans are to be sold in a whole loan format on a servicing retained basis pursuant to the Master Bulk Sale and Servicing Agreement, dated as of June 1, 2007, by and among BANA, AHM and American Home Mortgage Servicing, Inc. (the “Servicer”), as may be amended by mutual agreement of the parties (the “Agreement”). No later than five (5) Business Days before the Closing Date, the original Mortgage Notes properly endorsed and Assignments of Mortgage or deeds of trust shall be delivered to U.S. Bank National Association as custodian pursuant to the Custody Agreement, dated as of June 1, 2007 (the “Custodian”). Upon receipt of certification from the Custodian, BANA shall remit the payment of the Purchase Price to AHM on the Closing Date as determined in paragraph 6 below. Within a reasonable time period subsequent to the Closing Date, all Mortgages or deeds of trust, modifications, extension and/or assumption agreements, Assignments of Mortgage and title insurance policies with respect to each Mortgage Loan (such documents, along with the notes and assignments cited above, shall constitute the “Collateral Files”) shall be delivered to the Custodian. The Custodian shall hold the Collateral Files for the benefit of BANA, its assignees or designees.
Sample 1

Related to Terms of this Commitment

  • The Commitment Subject to the terms and conditions of this Agreement, Lender agrees to make term loans to Borrower from time to time from the Closing Date and to, but not including, the Termination Date in an aggregate principal amount not exceeding the Commitment. The Commitment is not a revolving credit commitment, and Borrower does not have the right to repay and reborrow hereunder. Each Loan requested by Borrower to be made on a single Business Day shall be for a minimum principal amount set forth in the Supplement, except to the extent the remaining Commitment is a lesser amount.

  • Terms of this Agreement The Parties acknowledge that this Agreement and all of the respective terms of this Agreement shall be treated as Confidential Information of both Parties.

  • Amendment of this Contract No provision of this Contract may be changed, waived, discharged or terminated orally, but only by an instrument in writing signed by the party against which enforcement of the change, waiver, discharge or termination is sought.

  • The Commitments Subject to the terms and conditions set forth herein:

  • Duration of this Agreement The Term of this Agreement shall be as specified in Schedule A hereto.

  • Effectiveness and Term of this Agreement 12.1 This Agreement shall come into effect upon the satisfaction of all of the following conditions:

  • Effectiveness of this Amendment The following shall have occurred before this Amendment is effective:

  • Amendment of this Agreement No provision of this Agreement may be changed, waived, discharged or terminated orally, but only by an instrument in writing signed by the party against whom enforcement of the change, waiver, discharge or termination is sought, and no amendment of this Agreement shall be effective until approved in a manner consistent with the 1940 Act and rules and regulations thereunder and any applicable SEC exemptive order therefrom.

  • Construction of this Amendment; Participation Agreement (a). This Amendment shall be interpreted to be consistent with, and to facilitate compliance with and reliance on, Rule 30e-3 under the 1940 Act and Rule 498A (including paragraph (j) thereof) under the 1933 Act and any interpretations of those Rules by the Securities and Exchange Commission, its staff, courts, or other appropriate legal authorities.

  • The Letter of Credit Commitment (i) Subject to the terms and conditions set forth herein, (A) each L/C Issuer agrees, in reliance upon the agreements of the Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Effective Date until the Letter of Credit Expiration Date, to issue Letters of Credit for the account of the Borrower or its Subsidiaries, and to amend or extend Letters of Credit previously issued by it, in accordance with subsection (b) below, and (2) to honor drawings properly drawn under the Letters of Credit; and (B) the Lenders severally agree to participate in Letters of Credit issued for the account of the Borrower or its Subsidiaries and any drawings thereunder; provided that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (y) the Total Outstandings shall not exceed the Aggregate Commitments and (z) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Commitment. Each request by the Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by the Borrower that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and subject to the terms and conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed. All Existing Letters of Credit shall be deemed to have been issued pursuant hereto, and from and after the Effective Date shall be subject to and governed by the terms and conditions hereof. The Borrower agrees to promptly notify the Administrative Agent of the designation of any Lender or Affiliate of a Lender as an L/C Issuer.

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