Seller Request Clause Samples
A Seller Request clause defines the process by which the seller can formally make requests to the buyer, typically for information, approvals, or actions necessary to fulfill their obligations under the contract. This clause usually outlines the method of communication, any required documentation, and the timeframe within which the buyer must respond. Its core practical function is to ensure clear and efficient communication between the parties, reducing delays and misunderstandings during the execution of the agreement.
Seller Request. At any time during a Consignment Period, the Seller may require the immediate removal of all or some of the Products, with 7 day’s written notice to the Consignor. All costs of removing the Products will be borne by the Consignor. If the Consignor does not remove the designated Products within 14 days of their receipt of the Seller’s written notice requesting removal, the Seller may deem the Products aban- doned and will obtain full title to the abandoned Products with no further conditions. The Seller may thereafter dispose of the abandoned Products in its sole discretion. If the Seller does not request removal of all of the Products in its possession, those Products remaining in the Seller’s stock on hand will be deemed sold to the Seller pursuant to a Product Sale, and the Seller shall remit payment to the Consignor according to the terms of section 6.
Seller Request. At any time during a Consignment Period, the Seller may require the immediate removal of all or some of the Products, with reasonable written notice to the Consignor. All costs of removing the Products
Seller Request. (i) Any request to enter into a Transaction shall be made by notice to the Agent at the initiation of the Seller. To request a Transaction, the Seller shall deliver to the Agent and the Custodian the Mortgage Loan Transmission File for each of the Eligible Loans subject to the Transaction by electronic transmission.
(ii) With respect to any eMortgage Loan, Seller shall cause (i) the Authoritative Copy of the related eNote to be a Transferable Record and held in the eVault as a secure electronic file, (ii) the Controller status of the related eNote to be transferred to Agent by the Controller Status Transfer Deadline, (iii) the Delegatee status of the related eNote to be transferred to the Custodian by the Controller Status Transfer Deadline, in each case on the MERS eRegistry, (iv) the Location status of the related eNote to be transferred to the Custodian’s eVault, and (v) the Servicing Agent status of the related eNote to remain blank (collectively, the “eNote Delivery Requirements”). In addition, all Basic Papers that are Electronic Records must be delivered to the Agent electronically, and all other Basic Papers must be delivered as otherwise required by this Agreement.
Seller Request. Section 3.1(a) of the Repurchase Agreement is amended and restated in its entirety as follows:
(a) Any request to enter into a Transaction shall be made by notice to the Agent at the initiation of the Seller. To request a Transaction, the Seller shall deliver to the Agent and the Custodian the Mortgage Loan Transmission File for each of the Eligible Loans subject to the Transaction by electronic transmission. The Seller shall submit no more than six (6) Mortgage Transmission Files on any Business Day, unless otherwise agreed by the Agent.
Seller Request. At any time during a Consignment Period, the Seller may require the immediate removal of all or some of the Products, with reasonable written notice to the Consignor. All costs of removing the Products will be borne by the Seller. If the Consignor does not remove the designated Products within 30 days of its receipt of the Seller's written notice requesting that removal, the Seller may deem these Products abandoned and obtain full title to these abandoned Products with no further conditions.