FFB COMMITMENT TO PURCHASE THE NOTE Sample Clauses
The "FFB Commitment to Purchase the Note" clause establishes the obligation of FFB (presumably a financial institution or investor) to buy a promissory note from another party under specified terms. In practice, this clause outlines the conditions under which FFB must complete the purchase, such as meeting certain closing requirements or upon the occurrence of specific events. Its core function is to provide certainty and assurance to the note issuer that FFB will fulfill its commitment, thereby facilitating the transaction and reducing the risk of last-minute withdrawal or non-performance.
FFB COMMITMENT TO PURCHASE THE NOTE. Subject to the terms and conditions of this Agreement, FFB agrees to purchase the Note that is offered by the Borrower to FFB for purchase under this Agreement.