Examples of Acceptable Commitment in a sentence
In the event that the Company fails to deliver an Acceptable Commitment to the Purchaser within 60 days, all rights and obligations of the Company to service the Mortgage Loans shall automatically terminate and become the Purchaser’s.
In the event that the Company fails to deliver an Acceptable Commitment to the Purchaser within 60 days, all rights and obligations of the Company to service the Mortgage Loans shall automatically terminate and become the Purchaser's.
In the event an Acceptable Commitment is later cancelled or terminated for any reason before the Net Proceeds are applied in connection therewith but after the end of the original 365-day period, then such Net Proceeds will be deemed to constitute Excess Proceeds on the date of such cancellation or termination.
Term Defined in Section Acceleration Notice 6.02 Acceptable Commitment 4.12(3) Affiliate Transaction 4.14 Appendix 2.01 Applicable Law 12.18 Asset Sale Offer 4.12(3) Benefited Party 10.01 Change of Control Amount 4.16(a) Change of Control Offer 4.16(a) Covenant Defeasance 8.03 Defaulted Interest 2.14 Term Defined in Section defeasance trust 8.04(a) DTC 2.05 Escrow Account 4.19(a) Escrow Release 4.19(a) Escrowed Property 4.19(a) Event of Default 6.01 Excess Proceeds.
The Company may satisfy its Obligations under this Section 3.12 with respect to any Net Cash Proceeds by making an Asset Sale Offer prior to the expiration of 360 days from the relevant Asset Sale (or, in the event an Acceptable Commitment has been entered into as set forth in Section 3.12(b) above, the later date of the 360th day following the Asset Sale or the expiration of the 90-day period set forth in Section 3.12(b) above).