Examples of Takeout Agreements in a sentence
Each Jumbo Loan is either (i) eligible for at least two (2) Nonbinding Jumbo Takeout Agreements or (ii) subject to at least one (1) Binding Jumbo Takeout Commitment.
Each Jumbo Loan is subject to either (i) at least two (2) Nonbinding Jumbo Takeout Agreements or (ii) one (1) Binding Jumbo Takeout Commitment.
Seller warrants and will defend the right, title and interest of Buyer in and to all Mortgage Assets (excluding any Takeout Agreements, Takeout Commitments or Hedging Arrangements that by their express terms prohibit Seller’s assigning, pledging or granting a security interest in them if and to the extent that such prohibition is not made ineffective by UCC §§ 9-406 or 9-408) against all adverse claims and demands of all Persons whomsoever.
As a result of the amendments to the Purchase Commitment Agreement above, Union Bank will no longer have Student Loans periodically available under the Takeout Agreements to sell to Nelnet and accordingly, as of the Effective Date, the provisions of such Agreements in the sections entitled "Commitment to Purchase" and "Required Sales" shall be terminated.
Each Jumbo Loan is subject to either (i) at least two (2) Nonbinding Takeout Agreements or (ii) at least one (1) Binding Takeout Commitment.
Nelnet shall not be required to make any further payments in the annual amount of $175,000 or otherwise to Union Bank pursuant to the Takeout Agreements, and Union Bank shall refund to Nelnet on the date of this Amendment the prorated amount of such payment for the period from the Effective Date until April 1, 2005.
Each Jumbo Loan is subject to either (i) at least two (2) Nonbinding Jumbo Takeout Agreements or (ii) at least one (1) Binding Jumbo Takeout Commitment.
The Takeout Agreements shall remain in force and effect until terminated by mutual agreement of the parties, subject to the amendments thereto set forth below in this subsection 2(e).
Seller warrants and will defend the right, title and interest of Xxxxx in and to all Mortgage Assets (excluding any Takeout Agreements, Takeout Commitments or Hedging Arrangements that by their express terms prohibit Seller’s assigning, pledging or granting a security interest in them if and to the extent that such prohibition is not made ineffective by UCC §§ 9-406 or 9-408) against all adverse claims and demands of all Persons whomsoever.