Common use of Preliminary, Nonbinding Quote Clause in Contracts

Preliminary, Nonbinding Quote. At Borrower’s request, Lender shall quote an estimate of the interest rates for each proposed Advance. Lender’s quote shall be based on (i) in the case of a proposed Variable DMBS Advance or a Fixed Advance with an MBS execution, a solicitation of bids from institutional investors selected by Lender or, in the case of a Fixed Advance with a cash execution or a Variable Structured ARM Advance, the rate quoted by ▇▇▇▇▇▇ Mae for a cash execution and (ii) the proposed terms and amount of the Advance selected by Borrower. The quote shall not be binding upon Lender.

Preliminary, Nonbinding Quote. At Borrower’s request, Lender shall quote an estimate of the interest rates Cash Interest Rate (for each a proposed Fixed Advance) or DMBS Imputed Interest Rate (for a proposed Variable Advance). Lender’s quote shall be based on (i1) in the case of a proposed Variable DMBS Advance or a Fixed Advance with an MBS executionAdvance, a solicitation of bids from institutional investors selected by Lender in the case of an DMBS execution or, in the case of a Fixed Advance with a cash execution or a Variable Structured ARM Advance, the rate quoted by ▇▇▇▇▇▇ Mae ▇▇▇ for a cash execution and (ii2) the proposed terms and amount of the Advance selected by Borrower. The quote shall not be binding upon Lender.

Preliminary, Nonbinding Quote. At Borrower’s request, Lender shall quote an estimate of the interest rates Cash Interest Rate (for each a proposed Fixed Advance) or DMBS Imputed Interest Rate (for a proposed Variable Advance). Lender’s quote shall be based on (i) in the case of a proposed Variable DMBS Advance or a Fixed Advance with an MBS executionAdvance, a solicitation of bids from institutional investors selected by Lender in the case of an DMBS execution or, in the case of a Fixed Advance with a cash execution or a Variable Structured ARM Advance, the rate quoted by ▇▇▇▇▇▇ Mae ▇▇▇ for a cash execution and (ii) the proposed terms and amount of the Advance selected by Borrower. The quote shall not be binding upon Lender.