Allocation of Mortgages to a Delivery Commitment. Each Mortgage must be consistent with the then unallocated amount under an outstanding Delivery Commitment which shall be identified by the Originator with respect to such Mortgage. Upon the Bank’s funding of its purchase of such Mortgage, as applicable, such Mortgage shall be allocated to the specified Delivery Commitment. Upon such allocation, such Mortgage shall not be reallocated to another Delivery Commitment.
Appears in 2 contracts
Sources: Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago), Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago)