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.
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Sources: Correspondent Loan Purchase and Sale Agreement, Correspondent Loan Purchase and Sale Agreement
Purchase Advice. CHL will issue a Purchase Advice for those Mortgage Loan Loans 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.
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