Examples of Package in a sentence
If ARC HOME terminates this Agreement, then ARC HOME has the option, in its sole discretion, to promptly return any pending Package to Broker without further obligation to accept, underwrite, approve, close or fund the Loan.
Such obligation to ARC HOME shall survive any sale or assignment of the related Package by ARC HOME to any third-party and shall be independently enforceable by the ARC HOME.
If a Package is submitted to, but not approved by, ARC HOME (regardless of whether Xxxxxx has submitted the Package to another lender), Xxxxxx agrees to timely provide the Borrower an Adverse Action Notice on behalf of Broker and ARC HOME in accordance with Applicable Law.
Xxxxxx acknowledges that in consideration of ARC HOME underwriting any Package submitted by Broker and funding any approved Loan hereunder, ARC HOME is relying upon Xxxxxx’s full and continuing cooperation, both before and after a Loan is or may be funded by ARC HOME.
Notwithstanding the foregoing, for Home Equity Lines of Credit, in the event a Package submitted to ARC HOME is not approved, ARC HOME agrees to timely provide, or make available to, the Borrower an Adverse Action Notice on behalf of the Broker and ARC HOME in accordance with Applicable Law.