Purchase Advice Sample Clauses
The Purchase Advice clause outlines the process by which a buyer formally notifies a seller of their intention to purchase goods or services under an agreement. Typically, this clause specifies the required format, content, and timing for such notifications, ensuring that both parties are clear on when and how purchase requests are made. By establishing a standardized procedure for purchase communications, the clause helps prevent misunderstandings and ensures that orders are processed efficiently and accurately.
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Purchase Advice. In connection with each wire transfer to be made to Buyer by Seller or an Approved Investor, a written or electronic notification setting forth (a) the loan number assigned by Buyer or last name of the Mortgagor for each Mortgage Loan that is related to the Transaction in connection with which a payment is being made; (b) the amount of the wire transfer to be applied in the Transaction; and (c) the total amount of the wire.
Purchase Advice. CHL will issue a Purchase Advice for those Mortgage Loan which meet the purchase criteria of CHL. Except and until CHL issues a Purchase Advice, CHL shall have no obligation to purchase any Mortgage Loan. The purchase of any Mortgage Loan is subject to Correspondent’s compliance with the Transaction Documents, which representations, warranties, and covenants survive the purchase of the Mortgage Loan by CHL.
Purchase Advice. The document from Angel Oak to Seller communicating its intention to purchase a Loan in the form attached hereto as Exhibit B which form Angel Oak may modify from time to time without notice to Seller.