Takeout Commitment. Any related Takeout Commitment constitutes a valid, binding and enforceable mandatory delivery commitment by a Takeout Buyer to purchase on the Settlement Date and at a given Takeout Price the principal amount of the Agency Security described therein.
Appears in 6 contracts
Sources: Mortgage Loan Participation Sale Agreement (loanDepot, Inc.), Mortgage Loan Participation Sale Agreement (Mr. Cooper Group Inc.), Mortgage Loan Participation Sale Agreement (loanDepot, Inc.)
Takeout Commitment. Any related Takeout Commitment constitutes a valid, binding binding, and enforceable mandatory delivery commitment by a Takeout Buyer to purchase on the Settlement Date and at a given Takeout Price the principal amount of the Agency Security described therein.
Appears in 3 contracts
Sources: Mortgage Loan Participation Sale Agreement (Home Point Capital Inc.), Mortgage Loan Participation Sale Agreement (Home Point Capital Inc.), Mortgage Loan Participation Sale Agreement (Home Point Capital Inc.)