Takeout Investor definition

Takeout Investor means any institution which has made a Takeout Commitment and has been approved by Buyer, in its sole and absolute discretion.

Takeout Investor. A securities dealer or other financial institution, acceptable to Participant, who has made a Takeout Commitment.

Takeout Investor. An Agency or a Conduit, as applicable.

Examples of Takeout Investor in a sentence

• Each Mortgage Loan is insured as to payment defaults by a policy of primary mortgage guaranty insurance in the amount required where applicable, and by an insurer approved, by the applicable Take-out Investor, if applicable, and all provisions of such primary mortgage guaranty insurance have been and are being complied with, such policy is in full force and effect, and all premiums due thereunder have been paid.

• This Agreement is for the exclusive benefit of the parties hereto and their respective successors and assigns and shall not be deemed to give any legal or equitable right to any other person, including the Takeout Investor and Custodian.

• Each Takeout Commitment (if any) has been delivered by the Seller and constitutes a valid, binding and existing obligation of a Takeout Investor, enforceable against the Seller and the Takeout Investor, respectively, in accordance with its terms (subject to bankruptcy laws and other similar laws of general application affecting rights of creditors and subject to the application of the rules of equity, including those relating to specific performance).

• Upon repurchase by Seller, or purchase by a Takeout Investor, of any Purchased Mortgage Loan, if there exists in the Inbound Account Shortfall Proceeds with respect to such Mortgage Loan, then Buyer may withdraw from the Haircut Account the amount of any Shortfall Proceeds and such amount shall be deducted from the Net Account Funded Amount.

• Such repurchase may occur simultaneously with a sale of the Purchased Mortgage Loan to a Takeout Investor.

More Definitions of Takeout Investor

Takeout Investor means a third party which has agreed to purchase Loans or Securities pursuant to a Takeout Commitment.

Takeout Investor means (x) for non-Jumbo Mortgage Loans or mortgage-backed securities backed by such non-Jumbo Mortgage Loans, either (i) Barclays Capital, Inc., or any successor thereto, (ii) any member of the Mortgage Backed Securities Division of the Fixed Income Clearing Corporation listed in Exhibit F, (iii) any Agency, or (iv) any other Person approved by Agent in its sole discretion and (y) for Jumbo Mortgage Loans, Barclays Bank PLC.

Takeout Investor means (i) an Agency or (ii) any other party identified by the Seller that has made a Takeout Commitment.

Takeout Investor means any investor pre-approved in writing by Buyer, in its sole discretion, to purchase Mortgage Loans from Seller and who issues a Takeout Commitment relating to a Mortgage Loan. Takeout Investors approved by Buyer are listed in an electronic form by the Buyer or electronically submitted by the Seller to the Buyer.

Takeout Investor means either (i) Barclays Capital Inc., or any successor thereto, or (ii) any other Person approved by Agent in its sole discretion.

Takeout Investor. The applicable Conduit.

Takeout Investor. Any of (i) Bank of America, N.A., (ii) Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated or (iii) any other Approved Investor with which there is a duly executed and enforceable Trade Assignment in favor of Purchaser.