Common use of Commitment Default Clause in Contracts

Commitment Default. Notice within 2 Business Days of any ------------------ default under, or of the termination, invalidation or cancellation of, any Purchase Commitment or Master Commitment relating to any Mortgage Loan or Mortgage-backed Security constituting Collateral.

Appears in 2 contracts

Sources: Warehouse Credit Agreement (E Loan Inc), Warehouse Credit Agreement (E Loan Inc)

Commitment Default. Notice within 2 Business Days of any ------------------ default under, or of the termination, invalidation or cancellation of, any Purchase Commitment or Master Commitment relating to any Mortgage Loan or Mortgage-Mortgage backed Security constituting Collateral.

Appears in 2 contracts

Sources: Warehouse Credit Agreement (Mortgage Com Inc), Warehouse Credit Agreement (Mortgage Com Inc)

Commitment Default. Notice within 2 Business Days of any ------------------ default under, or of the termination, invalidation or cancellation of, any Purchase Commitment or Master Commitment relating to any Mortgage Loan or Mortgage-backed Security constituting Collateral.

Appears in 1 contract

Sources: Warehouse Credit Agreement (Imc Mortgage Co)

Commitment Default. Notice within 2 two (2) Business Days of any ------------------ default under, or of the termination, invalidation or cancellation of, any Purchase Commitment or Master Commitment relating to any Mortgage Loan or Mortgage-Mortgage backed Security constituting Collateral.

Appears in 1 contract

Sources: Warehouse Credit Agreement (E Loan Inc)