Common use of Rate Lock Clause in Contracts

Rate Lock. The interest rate or Margin, as the case may be, and terms for each Mortgage will be set forth in the Commitment for such Mortgage and will be fixed at Rate Lock except as otherwise set forth in the applicable Commitment; provided, however, that without the approval of F▇▇▇▇▇▇ Mac and the Seller (as evidenced by the execution and delivery by F▇▇▇▇▇▇ Mac and Seller of any applicable Commitment or adjustment letter or amendment thereto), a Commitment will not contain terms inconsistent with this Agreement.

Rate Lock. The interest rate or Margin, as the case may be, and terms for each Mortgage will be set forth in the Commitment for such Mortgage and will be fixed at Rate Lock except as otherwise set forth in the applicable Commitment; provided, however, that without the approval of F▇▇▇▇▇▇▇ Mac and the Seller (as evidenced by the execution and delivery by F▇▇▇▇▇▇▇ Mac and Seller of any applicable Commitment or adjustment letter or amendment thereto), a Commitment will not contain terms inconsistent with this Agreement.