Takeout Settlement Date definition

Takeout Settlement Date means, with respect to a Takeout Commitment, the date set forth therein on which the sale of the related Mortgage Loans to a Takeout Investor will occur or the date set forth therein on which the sale of the related Agency Security to the Takeout Investor will be settled on a delivery-versus-payment basis.
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Takeout Settlement Date a date set by the Takeout Investor for the payment of the proceeds for acquired Mortgage Loans pursuant to the Takeout Commitment, which in no event shall exceed forty-five (45) days after the Acquisition Date, with respect to Individually Committed Loans and sixty (60) days with respect to Pooled Loans.
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Examples of Takeout Settlement Date in a sentence

  • Seller shall arrange for the Takeout Settlement Date with respect to such Agency Security to occur within one (1) Business Day of delivery of such Agency Security to the Buyer or the Custodian, Each settlement of Agency Securities with Takeout Investors shall be effected by the Custodian and the Seller in accordance with the provisions of Schedule IV and Schedule V to this Annex I.

  • Seller shall arrange for the Takeout Settlement Date with respect to such Agency Security to occur within one (1) Business Day of delivery of such Agency Security to the Buyer or the Custodian.

  • Seller shall arrange for the Takeout Settlement Date with respect to such Agency Security to occur [***] of delivery of such Agency Security to the Buyer or the Collateral Agent.