Take-Out Price definition

Take-Out Price with respect to any Mortgage Loan shall mean the specified -------------- price to be paid for such Mortgage Loan under the applicable Take-Out Commitment covering said Mortgage Loan.

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Take-Out Price means, at any time, the amount described and calculated as provided on SCHEDULE 4.2.

Take-Out Price means: --------------

Examples of Take-Out Price in a sentence

• The Securitization Take-Out Price for the Securitization Take-Out is estimated to be $ .

• The Seller will not deposit or otherwise credit, or cause or permit to be so deposited or credited, to any CNB Customer Deposit Account or the Program Agent’s Account, cash or cash proceeds other than (i) Collections of Pool Assets and (ii) solely with respect to any Investor Funding Account, the excess of the Take-Out Price with respect to any Mortgage Loan over the amount of the Asset related to such Mortgage Loan.

• The Servicer will not deposit or otherwise credit, or cause or permit to be so deposited or credited, to any CNB Customer Deposit Account or the Program Agent’s Account cash proceeds other than (i) Collections of Pool Assets and (ii) solely with respect to any Investor Funding Account, the excess of the Take-Out Price with respect to any Mortgage Loan over the amount of the Asset related to such Mortgage Loan.

• Will (or will cause the Originator to) instruct the related Investor with respect to each AOT Security constituting a Pool Asset to remit the Take-Out Price with respect to such AOT Security to an AOT Securities Account.

• The Seller will notify (or will cause the Servicer or the Originator to notify) the related Investor with respect to each AOT Security COLONIAL BANK WAREHOUSE LOAN PURCHASE AGREEMENT constituting a Pool Asset to remit the Take-Out Price with respect to such AOT Security to an AOT Securities Account.

More Definitions of Take-Out Price

Take-Out Price means, with respect to each Mortgage Loan, the -------------- Take-Out Commitment price, expressed as a percentage. In the event that the price set forth in a Take-Out Commitment is stated as a yield and not as a percentage of par, a yield so stated shall be converted to a percentage price by the use of the "Net Yield Tables for GNMA Mortgage Backed Securities" published by Financial Publishing Company or the "Mortgage Yield Conversion Tables" published by FNMA, as applicable and as agreed upon by the Bank.

Take-Out Price means, in the case of an all-cash transaction, the price per share of Common Stock received by the public shareholders of the Company in connection with the Sale of the Company. If,

Take-Out Price has the meaning assigned to such term in the Pricing Side Letter.

Take-Out Price means, as to each Take-out Commitment, the purchase price (expressed as a percentage of par) set forth therein.

Take-Out Price means, on any date of determination, (i) with respect to any Mortgage Loan subject to a Best Efforts Take-Out Commitment, the price the related Investor has agreed to pay for such Mortgage Loan, (ii) with respect to any Mortgage Loan subject to a Mandatory Take-Out Commitment, the weighted average of all prices the related Investor has agreed to pay to the related CNB Customer with respect to existing Mortgage Loans pursuant to outstanding Mandatory Take-Out Commitments, as most recently reported to the Servicer, and (iii) with respect to any AOT Mortgage Pool or AOT Security, the price the related Investor has agreed to pay for such AOT Mortgage Pool or AOT Security pursuant to the related Mandatory Take-Out Commitment.

Take-Out Price has the meaning specified in the Purchase Agreement.

Take-Out Price. With respect to an Auto Loan, the amount of funds to be advanced by the Take-Out Investor pursuant to the Take-Out Agreement relating to such Auto Loan.