Common use of Note Shipment Clause in Contracts

Note Shipment. Notwithstanding Section 7.1 of the Agreement, if the Mortgage Loan is subject to a CL Commitment, the parties agree that MBF shall retain the Mortgage Note for the benefit of CL.

Appears in 3 contracts

Sources: Mortgage Loan Repurchase Agreement (Sirva Inc), Mortgage Loan Repurchase Agreement (Sirva Inc), Mortgage Loan Purchase and Sale Agreement (National Credit & Guaranty CORP)