Common use of Delivery Commitments Clause in Contracts

Delivery Commitments. (a) As provided in the Guides, the Service Center will publish Rate and Fee Schedules for Bank Funded Loans and Closed Loans. Rate and Fee Schedules are subject to change as provided for in the Guides. The Pittsburgh Bank PFIs will contact the Service Center to obtain and fill Delivery Commitments. The Service Center will provide reports and loan data transmissions concerning all Delivery Commitment activities of the Pittsburgh Bank PFIs to the Pittsburgh Bank at the times and in the manner provided in the FHLB Guide. The funding and purchasing of Program Loans will be processed through a PFI’s DDA with the Pittsburgh Bank. The Service Center shall compute any Pairoff Fees (or any similar fees) that are owed to the Pittsburgh Bank by any PFI and will report these amounts to the Pittsburgh Bank. The Pittsburgh Bank shall be responsible for collecting Pairoff Fees (or any similar fees) from its PFIs and disbursing the same to itself and its Participants (including the MPF Provider), as applicable. (b) On any Business Day, the Pittsburgh Bank may give a Liquidity Option Notice to the MPF Provider as provided for in the FHLB Guide. Upon receipt, the MPF Provider shall set the MPF Program system so that no Delivery Commitments will be issued to the Pittsburgh Bank’s PFIs until the next Business Day.

Delivery Commitments. (a) As provided in the Guides, the Service MPF Program Center will publish Rate and Fee Schedules for Bank Funded Loans and Closed all Program Loans. Rate and Fee Schedules are subject to change as provided for in the Guides. The Pittsburgh Bank PFIs Delivery Commitments will contact be managed as specified in the Service Center to obtain Guides and fill Delivery Commitmentsthe FHLB Guide. The Service MPF Program Center will provide reports and loan data transmissions concerning all Delivery Commitment activities of the Pittsburgh Bank PFIs to the Pittsburgh Bank at the times and in the manner provided in the FHLB Guide. The funding and purchasing of Program Loans will be processed through a PFI’s DDA with the Pittsburgh Bank. The Service MPF Program Center shall compute any Pairoff Fees (or any similar fees) that are owed to the Pittsburgh Bank by any PFI and will report these amounts to the Pittsburgh Bank. The Pittsburgh Bank shall be responsible for collecting Pairoff Fees (or any similar fees) from its PFIs and disbursing the same to itself and via deposit to its Clearing Account, to its Participants (including the MPF Provider), as applicable. (b) On any Business Day, the Pittsburgh Bank may give a Liquidity Option Notice to the MPF Provider as provided for in the FHLB Guide. Upon receipt, the MPF Provider shall set the MPF Program system so that no Delivery Commitments will be issued to the Pittsburgh Bank’s PFIs until the next Business Day.