Client-to-Client Funding Sample Clauses

Client-to-Client Funding. If Seller submits a Request to Bank for Bank to purchase a Participation Interest in a Mortgage Loan from Seller hereunder to pay off a Mortgage Loan in which Bank already holds an ownership interest pursuant to a separate agreement with a different mortgage company (each, a “Client-to-Client Funding”), then Seller: (a) shall provide any and all documents and information Bank requests regarding or related to such Participation Interest representing the Client-to- Client Funding; and (b) acknowledges and agrees that, without limiting any other provision in this Article 2 relating to the purchase of such Participation Interest, any such Client-to-Client Funding shall be conditioned upon the timely satisfaction of all other conditions Bank may in its sole and absolute discretion determine to be necessary or appropriate, including the consent of the original mortgage company to the Client-to-Client Funding and Bank’s agreement to the application of the funds advanced under the Client-to-Client Funding.
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Client-to-Client Funding. If Seller delivers a Request to Bank for Bank’s purchase of a Participation Interest in a Mortgage Loan to pay off a Mortgage Loan in which Bank already holds a participation interest pursuant to a separate agreement with a different mortgage company (each a “Client-to-Client Funding”), then Seller: (a) shall provide any and all information Bank requests regarding or related to that Participation Interest representing the Client-to-Client Funding; and (b) acknowledges and agrees that any such Client-to-Client Funding is conditioned upon the timely satisfaction of all conditions as Bank may in its sole and absolute discretion determine to be necessary or appropriate, including the consent of the original mortgage company to the Client-to-Client Funding and Bank’s agreement to the application of the funds advanced under the Client-to-Client Funding.
Sample 1

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