Common use of Takeout Commitment Clause in Contracts

Takeout Commitment. On a timely basis, as required by the Good Delivery standards, Seller shall deliver to Purchaser all pool information relating to each Agency Security referred to in a Takeout Commitment that has been assigned to Purchaser.

Appears in 9 contracts

Sources: Mortgage Loan Participation Sale Agreement (loanDepot, Inc.), Mortgage Loan Participation Sale Agreement (loanDepot, Inc.), Mortgage Loan Participation Sale Agreement (loanDepot, Inc.)

Takeout Commitment. On a timely basis, as required by the Good Delivery standards, Seller shall deliver to Purchaser all pool information required by the applicable Agency relating to each Agency Security referred to in a Takeout Commitment that has been assigned to Purchaser.

Appears in 2 contracts

Sources: Mortgage Loan Participation Sale Agreement (Mr. Cooper Group Inc.), Mortgage Loan Participation Sale Agreement (Mr. Cooper Group Inc.)