Purchase Commitment definition

Purchase Commitment means a written commitment, in form and substance satisfactory to Lender, issued in favor of Borrower by an Investor under which that Investor commits to purchase Mortgage Loans or Mortgage-backed Securities.

Purchase Commitment has the meaning set forth in Section 1.02(a).

Purchase Commitment. A trade ticket or other written commitment, in form and substance satisfactory to Buyer, issued in favor of Seller by an Approved Investor pursuant to which that Approved Investor commits to purchase one or more Purchased Mortgage Loans, along with the related correspondent or whole loan purchase agreement by and between Seller and the Approved Investor, in form and substance satisfactory to Buyer, governing the terms and conditions of any such purchases.

Examples of Purchase Commitment in a sentence

• Unless otherwise expressly set out in the Agreement, Verizon may change its Charges as follows: (a) for voice Services, upon seven days’ notice to Customer; and (b) for all other Services upon 30 days’ notice to Customer to take effect, (i) immediately for Services with no Purchase Commitment, or (ii) for Services with a Purchase Commitment at any time after the expiration of the Volume Commitment Period and/or Service Commitment (as applicable).

• The Lender and SPV hereby notify the Department of Education (the “Department”) that they intend to participate in the Loan Purchase Commitment Program authorized under section 459A of the HEA.

• During the Term of this Agreement, Reseller and BluBØX shall agree by the last day of the current year on the next year’s Purchase Commitment level.

• For all other Customers, Company must obtain a Customer Purchase Commitment upon request from Microsoft.

• By submitting an order, Company (i) represents that any Customer Purchase Commitment provided is complete and accurate in all respects and (ii) agrees to pay Microsoft for all orders it submits for Products.

More Definitions of Purchase Commitment

Purchase Commitment means a Service Commitment or a Volume Commitment. A Service may be subject to both a Service Commitment and a Volume Commitment if specified in the USSA or Order.

Purchase Commitment means a commitment from a secondary market lender, pursuant to an agreement with M/I Financial Corp., either with respect to a particular mortgage loan or with respect to mortgage loans meeting specified criteria, to purchase such mortgage loan or loans without recourse (except for Mortgage Loan Repurchase Obligations) for an amount not less than the difference of (a) the face amount of the note evidencing such mortgage loan(s), minus (b) the sum of (i) the points agreed upon between M/I Financial Corp. and such secondary market lender, and (ii) the amount of funds (for example, without limitation, escrow funds and origination fees), other than points, received by M/I Financial Corp. at the loan closing from the mortgagor.

Purchase Commitment means a commitment by an investor to purchase CLO Securities that complies with the purchaser eligibility requirements and criteria specified in the terms of the CLO Securities and that is acceptable to DBSI in its sole discretion and “Purchase Commitments” means each Purchase Commitment together with each other Purchase Commitment.

Purchase Commitment shall have the meaning set forth in Section 4.2(b).

Purchase Commitment means a written commitment held by a Company from an Approved Investor to buy Collateral and that specifies (a) the type or item(s) of Collateral, (b) a purchase date or purchase deadline date and (c) a purchase price or the criteria by which the purchase price will be determined (provided that a Purchase Commitment covering Interest Only Loans is not required to state a purchase price or such price criteria.)

Purchase Commitment shall have the meaning set forth in Section 7.2 hereof.

Purchase Commitment has the meaning set forth in Section 3.3.