Common use of Takeout Commitments Clause in Contracts

Takeout Commitments. The Borrowers shall promptly deliver to the Lender a Takeout Assignment for each Takeout Commitment relating to any Mortgage Loan.

Appears in 2 contracts

Sources: Master Loan and Security Agreement (American Home Mortgage Holdings Inc), Loan and Security Agreement (American Home Mortgage Holdings Inc)

Takeout Commitments. The Borrowers shall promptly deliver to the Lender Agent a Takeout Assignment for each Takeout Commitment relating to any Mortgage Loan.

Appears in 1 contract

Sources: Master Loan and Security Agreement (American Home Mortgage Investment Corp)