Common use of Takeout Commitment Clause in Contracts

Takeout Commitment. The Mortgage Loan is subject to a legally valid and binding Takeout Commitment and satisfies all of the requirements related to such Takeout Commitment.

Takeout Commitment. The Each Mortgage Loan is subject to a legally valid and binding Takeout Commitment which is a valid, binding and satisfies all of subsisting obligation enforceable in accordance with its terms unless otherwise waived by the requirements related to such Takeout CommitmentLender.