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

• Buyer may reject any such shortfalls, any amount received from a Takeout Investor and not release the related Purchased Asset, Mortgage-Backed Security with respect to a Purchased Asset or Related Mortgage Loan if (a) Buyer does not receive a Purchase Advice in respect of any wire transfer, (b) Buyer does not receive the full Takeout Price, without set-off or (c) the amount received is not sufficient to pay the related Repurchase Price in full.

• Neither Seller nor Guarantor shall direct the Takeout Investor to pay to Buyer an amount less than the full Takeout Price or modify or otherwise change the wire instructions for payment of the Takeout Price provided to Takeout Investor by Buyer.

• Alternatively, in lieu of rejecting an amount received by Buyer from a Takeout Investor, at Buyer’s option, if the amount received from the Takeout Investor does not equal or exceed the related Repurchase Price, Buyer may accept the amount received from the Takeout Investor and demand payment of such remaining amount from Seller and Seller, upon receipt of such demand from Buyer, shall immediately pay Buyer such remaining amount.

• Buyer shall apply all amounts received from a Takeout Investor for the account of Seller in accordance with Section 4.8, subject to Section 4.13.

• Provided that no Event of Default, Event of Early Termination or Potential Default has occurred and is continuing, Seller may repurchase a Purchased Asset by paying, or causing a Takeout Investor to pay, to Buyer by depositing cash into the Funding Deposit Account in accordance with Buyer’s wire instructions set forth on Exhibit F, subject to Sections 4.6 and 4.7, the Repurchase Price.

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 a securities broker-dealer, Agency or other institution, acceptable to the Lender, which has made a Takeout Commitment.

Takeout Investor means (x) for 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, unless such member is disapproved by Agent in its sole discretion or (iii) any other Person approved by Agent in its reasonable discretion and (y) for Jumbo Mortgage Loans, either (i) Barclays Bank PLC or (ii) any other Person approved by Agent in its sole discretion.

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

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.

Takeout Investor. The applicable Conduit.