Execution of Master Commitments. From time to time, the Bank and the PFI may jointly elect in writing to enter into one or more Master Commitments. There can be more than one Master Commitment outstanding at any time.
Appears in 4 contracts
Sources: Participating Financial Institution Agreement, Participating Financial Institution Agreement, Participating Financial Institution Agreement
Execution of Master Commitments. From time to time, the Bank and the PFI may jointly elect in writing to enter into one or more Master Commitments. There can be more than one Master Commitment outstanding at any time. Each Master Commitment will specify whether the mortgages thereunder will be either (i) Bank Funded Mortgages, or (ii) Closed Mortgages.
Appears in 2 contracts
Sources: Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago), Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago)