Common use of The Bank Has No Obligation to Commit Clause in Contracts

The Bank Has No Obligation to Commit. The fact that the Bank has executed or delivered this Contract or any Master Commitment does not mean that the Bank must accept any offer for a Delivery Commitment or make a commitment to fund or purchase any mortgage through or from the PFI.

Appears in 2 contracts

Samples: Financial Institution Agreement (Federal Home Loan Bank of Chicago), Financial Institution Agreement (Federal Home Loan Bank of Chicago)

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The Bank Has No Obligation to Commit. The fact that the Bank has executed or delivered this Contract or any Master Commitment does not mean that the Bank must accept any offer for a Delivery Commitment or make a commitment to fund or purchase any mortgage through or from the PFI.

Appears in 2 contracts

Samples: Financial Institution Agreement, Participating Financial Institution Agreement (Federal Home Loan Bank of New York)

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The Bank Has No Obligation to Commit. The fact that the Bank has executed or delivered this Contract or any Master Commitment does not mean that the Bank must accept any offer offer for a Delivery Commitment or make a commitment to fund or purchase any mortgage through or from the PFI.

Appears in 2 contracts

Samples: Financial Institution Agreement, Financial Institution Agreement

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