Delivery Commitment definition

Delivery Commitment. The commitment of the parties, evidenced by a writing or a machine - or electronically -generated transmission issued by the Bank to the PFI accepting the PFI’s oral delivery commitment offer made from time to time under this Contract and in accordance with the provisions of the Guides. Pursuant to the Delivery Commitment, the PFI commits to deliver mortgages to the Bank that satisfy the terms set forth in the Delivery Commitment within the period set forth therein, and the Bank commits to purchase such mortgages in accordance with the provisions of the Guides.
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Delivery Commitment means the optional or mandatory commitment of a Selling Company to sell a Warehouse Loan, Pipeline Loan or an interest in a Warehouse Loan or a Pipeline Loan to another Person.
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Delivery Commitment. A written confirmation of the Bank to the Originator in response to the Originator’s oral delivery commitment offer made from time to time under this Contract and in accordance with the provisions of the Guide, pursuant to which the Originator commits to deliver to the Bank Mortgages satisfying the terms set forth therein within the period set forth therein.
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Examples of Delivery Commitment in a sentence

  • Amendments apply to any mandatory Delivery Commitment having a date of PFI’s offer on or after the effective date of the amendment.

  • Upon such allocation, such Mortgage shall not be reallocated to another Delivery Commitment.

  • The MPF Provider will publish the purchase price for any particular Mortgage, which may be at par, at a premium or a discount, based upon the applicable Delivery Commitment and rate and fee schedule, all as more fully described in the Origination Guide.

  • Unless the Bank approves and the MPF Provider processes a waiver of this limitation, once a Delivery Commitment is allocated to a Master Commitment such Delivery Commitment shall not be reallocated to another Master Commitment.

  • The Parties acknowledge that (A) Buyer shall be damaged by the failure of Seller to meet the Minimum Delivery Commitment, (B) it would be impracticable or extremely difficult to determine the actual damages resulting therefrom, (C) the remedies specified herein are fair and reasonable and do not constitute a penalty and (D) the remedies specified in this section shall be Buyer’s sole and exclusive remedy in such Event of Default.

  • Rate and Fee Schedules for Closed Loans purchased in bulk transactions may be calculated by the MPF Provider separately for each Delivery Commitment.

  • The Service Center will provide regular reports of all Delivery Commitment activities of the Pittsburgh Bank’s PFIs to the Pittsburgh Bank, either electronically or by facsimile, including, without limitation, all requests for funding of individual Mortgage Loans made by Pittsburgh Bank’s PFIs. The Pittsburgh Bank shall fund all Mortgage Loans originated by its PFIs in accordance with the requirements of the Guides.

  • In the event Publisher shall accept such fractional collaborative Composition, Publisher will credit Writer’s Delivery Commitment in proportion to Writer’s fractional creative contribution in the collaborative Composition and compensate Writer in same proportion in accordance with the terms of this Agreement.

  • The MPF Provider’s Service Center will publish Rate and Fee Schedules for Agency Loans as provided for in the Guides which will be made available to the Pittsburgh Bank and its PFIs. Rate and Fee Schedules for Closed Loans shall be calculated by the MPF Provider for each Delivery Commitment when the Mortgage Loans have been analyzed and a settlement date has been agreed upon by the Pittsburgh Bank and its PFI and communicated to the MPF Provider.

  • Failure of the Facility’s Delivery Year Performance to meet the Minimum Delivery Commitment shall constitute an Event of Default.


More Definitions of Delivery Commitment

Delivery Commitment means the amount specified in Schedule 2 (Ship information), as cancelled or reduced pursuant to any provision of this Agreement, to be used partly to finance its Delivery Instalment.
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Related to Delivery Commitment

  • Initial Commitment means, for any Initial Lender, the obligation of such Initial Lender to make an Initial Loan hereunder, up to the principal amount shown on Schedule 1.01(a). The aggregate amount of the Initial Lenders’ Initial Commitments as of the Closing Date is $150,000,000.

  • Facility A Commitment means, with respect to each Facility A Lender, the commitment, if any, of such Lender to make Facility A Revolving Loans and to acquire participations in Facility A Letters of Credit, Facility A Protective Advances and Facility A Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility A Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility A Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility A Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility A Commitments is $1,000,000,000.

  • Commitment Increase Notice has the meaning assigned to such term in Section 2.19.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.