Common use of Program; Initiation of Transactions Clause in Contracts

Program; Initiation of Transactions. a. From time to time, Buyer will purchase from Seller certain Mortgage Loans that have either been originated by Seller or purchased by Seller from a Correspondent Seller. This Agreement is a commitment by Buyer to enter into Transactions with Seller for an aggregate amount equal to the Maximum Regular Way Committed Purchase Price. This Agreement is not a commitment by Buyer to enter into Transactions with Seller for amounts exceeding the Maximum Regular Way Committed Purchase Price, but rather, sets forth the procedures to be used in connection with periodic requests for Buyer to enter into Transactions with Seller. Seller hereby acknowledges that, beyond the Maximum Regular Way Committed Purchase Price, Buyer is under no obligation to agree to enter into, or to enter into, any Transaction pursuant to this Agreement. All Purchased Mortgage Loans shall exceed or meet the Underwriting Guidelines, and shall be serviced by Servicer. The aggregate Purchase Price of Purchased Mortgage Loans subject to outstanding Transactions shall not exceed the Maximum Regular Way Purchase Price.

Program; Initiation of Transactions. a. From time to time, Buyer Administrative Agent (for the benefit of Buyers) will purchase from Seller certain Mortgage Loans that have been either been originated by Seller or purchased by Seller from a Correspondent Sellerother originators. This Agreement is a commitment by Buyer Committed Buyers to enter into Transactions with Seller for with respect to an aggregate amount equal up to their respective Pro Rata Portions of the Maximum Regular Way Committed Purchase Price. This Agreement is not a commitment by Buyer Administrative Agent on behalf of Buyers to enter into Transactions with Seller for amounts exceeding the Maximum Regular Way Committed Purchase Price, but rather, sets forth the procedures to be used in connection with periodic requests for Buyer Administrative Agent on behalf of Buyers to enter into Transactions with Seller. Seller hereby acknowledges that, beyond the Maximum Regular Way Committed Purchase Price, Buyer Administrative Agent on behalf of Buyers is under no obligation to agree to enter into, or to enter into, any Transaction pursuant to this Agreement. All Purchased Mortgage Loans shall exceed or meet the Underwriting Guidelines, and shall be serviced by Seller or Servicer, as applicable. The aggregate Purchase Price of Purchased Mortgage Loans subject to outstanding Transactions shall not exceed the Maximum Regular Way Committed Purchase Price.

Program; Initiation of Transactions. a. From time to time, Buyer will in the sole discretion of Buyers, Administrative Agent (for the benefit of Buyers) may facilitate the purchase by Buyers from Seller certain Mortgage Loans and Contributed Assets that have either been originated by Seller or and/or purchased by Seller from a Correspondent Seller. This Agreement is a commitment by Buyer to enter into Transactions with Seller for an aggregate amount equal to the Maximum Regular Way Committed Purchase PriceParties. This Agreement is not a commitment by Buyer Administrative Agent on behalf of Bxxxxx to enter into Transactions with Seller for amounts exceeding the Maximum Regular Way Committed Purchase Price, but rather, rather sets forth the procedures to be used in connection with periodic requests for Buyer Administrative Agent on behalf of Buyers to enter into Transactions with Seller. Seller hereby acknowledges that, beyond the Maximum Regular Way Committed Purchase Price, Buyer that Administrative Agent on behalf of Bxxxxx is under no obligation to agree to enter into, or to enter into, any Transaction pursuant to this Agreement. All Purchased Mortgage Loans and Contributed Assets shall exceed or meet the Underwriting Asset Guidelines, and shall be serviced by Seller or Servicer, as applicable. The aggregate sum of (i) the Aggregate Purchase Price Price-Base and (ii) the Aggregate Purchase Price-Incremental for all Non-Participated Purchase Price-Incremental for all outstanding Transactions shall not exceed the Maximum Aggregate Purchase Price. The Aggregate Purchase Price-Incremental of Purchased Mortgage Loans and Contributed Assets subject to outstanding Transactions shall not exceed the Maximum Regular Way Aggregate Purchase Price-Incremental.

Program; Initiation of Transactions. a. From time to time, Buyer Administrative Agent (for the benefit of Buyers) will facilitate the purchase by Buyers from either Seller certain Mortgage Loans that have been either been originated by either Seller or purchased by either Seller from a Correspondent Sellerother originators. This Agreement is a commitment by Administrative Agent on behalf of Committed Buyer to enter into Transactions with Seller Sellers for an aggregate amount equal to the Maximum Regular Way Committed Purchase PricePrice on or before the Termination Date. This Agreement is not a commitment by Buyer Administrative Agent on behalf of Buyers to enter into Transactions with Seller Sellers for amounts exceeding the Maximum Regular Way Committed Purchase Price, Price or after the Termination Date but rather, rather sets forth the procedures to be used in connection with periodic requests for Buyer Administrative Agent on behalf of Buyers to enter into Transactions with SellerSellers. Each Seller hereby acknowledges that, beyond the Maximum Regular Way Committed Purchase PricePrice or after the Termination Date, Buyer Administrative Agent on behalf of Buyers is under no obligation to agree to enter into, or to enter into, any Transaction pursuant to this Agreement. All Purchased Mortgage Loans shall exceed or meet the applicable Underwriting Guidelines, and shall be serviced by Servicer. The aggregate Purchase Price of Purchased Mortgage Loans subject to outstanding Transactions shall not exceed the Maximum Regular Way Aggregate Purchase Price.

Program; Initiation of Transactions. a. From time to time, Buyer Administrative Agent (for the benefit of Buyers) will purchase by Buyers from Seller certain Mortgage Loans that have either been originated by Seller or purchased by Seller from a Correspondent SellerSeller and certain Eligible Servicer Advances. This Agreement is a commitment by Buyer Administrative Agent on behalf of the Committed Buyers to enter into Transactions with respect to Mortgage Loans with Seller for an aggregate amount equal to the Maximum Regular Way Committed Purchase Price. This Agreement is not a commitment by Buyer Administrative Agent on behalf of Buyers to enter into Transactions with respect to Mortgage Loans with Seller for amounts exceeding the Maximum Regular Way Committed Purchase Price, but rather, sets forth the procedures to be used in connection with periodic requests for Buyer Administrative Agent on behalf of Buyers to enter into Transactions with Seller. Seller hereby acknowledges that, beyond the Maximum Regular Way Committed Purchase Price, Buyer Administrative Agent on behalf of Buyers is under no obligation to agree to enter into, or to enter into, any Transaction with respect to Mortgage Loans pursuant to this Agreement. All Purchased Mortgage Loans shall exceed or meet the Underwriting Guidelines, and shall be serviced by Servicer. The aggregate Purchase Price of Purchased Mortgage Loans subject to outstanding Transactions shall not exceed the Maximum Regular Way Purchase Price.

Program; Initiation of Transactions. a. From time to time, in the sole discretion of Administrative Agent for the benefit of Buyer, (i) Administrative Agent on behalf of Buyer will may purchase from Seller all right, title and interest in and to certain Eligible Mortgage Loans (including, without limitation, the Servicing Rights) that have been either been originated by Seller or or, if approved by Administrative Agent on behalf of Buyer, purchased by Seller from other originators, and (ii) Administrative Agent on behalf of Buyer may purchase from Seller all right, title and interest in and to certain Agency Securities (if applicable). The Mortgage Loans shall be sold on a Correspondent Seller. This Agreement is a commitment by Buyer to enter into Transactions with Seller for an aggregate amount equal to the Maximum Regular Way Committed Purchase Priceservicing-released basis. This Agreement is not a commitment by Buyer Administrative Agent to enter into Transactions with Seller for amounts exceeding the Maximum Regular Way Committed Purchase Price, but rather, rather sets forth the procedures to be used in connection with periodic requests for Buyer Administrative Agent to enter into Transactions with Seller. Seller hereby acknowledges that, beyond the Maximum Regular Way Committed Purchase Price, Buyer that Administrative Agent is under no obligation to agree to enter into, or to enter into, any Transaction pursuant to this Agreement. All Purchased Mortgage Loans shall exceed or meet the Underwriting GuidelinesGuidelines as of the Effective Date as amended as set forth herein, and shall be serviced by ServicerServicer on the behalf of Administrative Agent. The aggregate Aggregate Purchase Price of Purchased Mortgage Loans subject to outstanding Transactions shall not exceed the Maximum Regular Way Aggregate Purchase Price.

Program; Initiation of Transactions. a. From time to time, Buyer Buyers and/or Administrative Agent on behalf of Buyers will purchase from Seller certain Mortgage Loans that have been either been originated by Seller or purchased by Seller from a Correspondent Sellerother originators. This Agreement is a commitment by Buyer Committed Buyers and Administrative Agent on behalf of Committed Buyers to enter into Transactions with Seller for up to an aggregate amount equal to the Maximum Regular Way Committed Purchase Price. This Agreement is not a commitment by Buyer Committed Buyers or Administrative Agent on behalf of Committed Buyers to enter into Transactions with Seller for amounts exceeding the Maximum Regular Way Committed Purchase Price, but rather, sets forth the procedures to be used in connection with periodic requests for Buyer Buyers or Administrative Agent on behalf of Buyers to enter into Transactions with Seller. Seller hereby acknowledges that, beyond the Maximum Regular Way Committed Purchase Price, neither any Buyer nor Administrative Agent on behalf of Buyers is under no any obligation to agree to enter into, or to enter into, any Transaction pursuant to this Agreement. All Purchased Mortgage Loans shall exceed or meet the Underwriting Guidelines, and shall be serviced by a Servicer. The aggregate Purchase Price of Purchased Mortgage Loans subject to outstanding Transactions shall not exceed the Maximum Regular Way Aggregate Purchase Price.