{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "a-commitment", "type": "definition", "offset": [6, 18]}, {"key": "of-seller", "type": "clause", "offset": [19, 28]}, {"key": "loans-to", "type": "clause", "offset": [80, 88]}, {"key": "an-agency", "type": "clause", "offset": [196, 205]}, {"key": "agency-security", "type": "clause", "offset": [213, 228]}, {"key": "related-agency", "type": "definition", "offset": [248, 262]}, {"key": "each-case", "type": "definition", "offset": [303, 312]}, {"key": "to-seller", "type": "definition", "offset": [368, 377]}, {"key": "the-foregoing", "type": "definition", "offset": [399, 412]}, {"key": "with-respect-to", "type": "clause", "offset": [429, 444]}, {"key": "applicable-agency-documents", "type": "definition", "offset": [489, 516]}, {"key": "sole-subscriber", "type": "clause", "offset": [531, 546]}], "samples": [{"hash": "j7B1tNTrkT1", "uri": "/contracts/j7B1tNTrkT1#take-out-commitment", "label": "Master Repurchase Agreement (Pennymac Financial Services, Inc.)", "score": 25.2614650726, "published": true}, {"hash": "jF4I6Fuz901", "uri": "/contracts/jF4I6Fuz901#take-out-commitment", "label": "Master Repurchase Agreement (Pennymac Financial Services, Inc.)", "score": 24.3456535339, "published": true}, {"hash": "dDzKQtdms1J", "uri": "/contracts/dDzKQtdms1J#take-out-commitment", "label": "Master Repurchase Agreement (Pennymac Financial Services, Inc.)", "score": 22.3237514496, "published": true}], "snippet": "means a commitment of Seller to either (a) sell one or more identified Mortgage Loans to a Take-out Investor or (b) (i) swap one or more identified Mortgage Loans with a Take-out Investor that is an Agency for an Agency Security, and (ii) sell the related Agency Security to a Take-out Investor, and in each case, the corresponding Take-out Investor\u2019s commitment back to Seller to effectuate any of the foregoing, as applicable. With respect to any Take-out Commitment with an Agency, the applicable agency documents list Buyer as sole subscriber.", "size": 23, "hash": "6ad98c1ea4e3c58ae5fc0435b57d0d80", "id": 1}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [6, 21]}, {"key": "eligible-mortgage-loan", "type": "clause", "offset": [26, 48]}, {"key": "master-commitment", "type": "definition", "offset": [60, 77]}, {"key": "an-investor", "type": "clause", "offset": [81, 92]}, {"key": "of-mortgage-loans", "type": "clause", "offset": [112, 129]}, {"key": "individual-commitment", "type": "clause", "offset": [136, 157]}, {"key": "such-investor", "type": "clause", "offset": [277, 290]}, {"key": "the-administrative-agent", "type": "definition", "offset": [316, 340]}, {"key": "reasonable-discretion", "type": "clause", "offset": [349, 370]}], "samples": [{"hash": "isDw2Hwy1md", "uri": "/contracts/isDw2Hwy1md#take-out-commitment", "label": "Credit Agreement (M I Homes Inc)", "score": 21.0, "published": true}, {"hash": "lYmnu0q0RzL", "uri": "/contracts/lYmnu0q0RzL#take-out-commitment", "label": "Credit Agreement (M I Homes Inc)", "score": 19.3258037567, "published": true}, {"hash": "jApKIiQDpTq", "uri": "/contracts/jApKIiQDpTq#take-out-commitment", "label": "Credit Agreement (M I Homes Inc)", "score": 19.0, "published": true}], "snippet": "means with respect to any Eligible Mortgage Loan, a written master commitment of an Investor to purchase a pool of Mortgage Loans or an individual commitment of an Investor to purchase an individual Mortgage Loan under which such Eligible Mortgage Loan(s) will be delivered to such Investor on terms satisfactory to the Administrative Agent, in its reasonable discretion.", "size": 21, "hash": "4da5d2015aef757364e16b9b1f68d589", "id": 2}, {"snippet_links": [{"key": "a-commitment", "type": "definition", "offset": [6, 18]}, {"key": "seller-party-subsidiary", "type": "definition", "offset": [38, 61]}, {"key": "to-sell", "type": "clause", "offset": [78, 85]}, {"key": "mortgage-loans", "type": "definition", "offset": [109, 123]}, {"key": "rental-properties", "type": "clause", "offset": [125, 142]}, {"key": "reo-properties", "type": "clause", "offset": [146, 160]}], "samples": [{"hash": "30JgsrUt97A", "uri": "/contracts/30JgsrUt97A#take-out-commitment", "label": "Master Repurchase Agreement (Altisource Residential Corp)", "score": 27.893907547, "published": true}, {"hash": "hGjHWdF4xhR", "uri": "/contracts/hGjHWdF4xhR#take-out-commitment", "label": "Master Repurchase Agreement (Altisource Residential Corp)", "score": 27.25872612, "published": true}, {"hash": "lr4bvTC4Z1G", "uri": "/contracts/lr4bvTC4Z1G#take-out-commitment", "label": "Master Repurchase Agreement (Altisource Residential Corp)", "score": 24.3442840576, "published": true}], "snippet": "means a commitment of any Seller or a Seller Party Subsidiary, as applicable, to sell one or more identified Mortgage Loans, Rental Properties or REO Properties to a Take-out Investor.", "size": 20, "hash": "fcda3543389754533098437d04933398", "id": 3}, {"snippet_links": [{"key": "a-commitment", "type": "definition", "offset": [6, 18]}, {"key": "of-seller", "type": "clause", "offset": [19, 28]}, {"key": "loans-to", "type": "clause", "offset": [68, 76]}, {"key": "all-cash-transaction", "type": "clause", "offset": [116, 136]}, {"key": "to-seller", "type": "definition", "offset": [196, 205]}, {"key": "the-foregoing", "type": "definition", "offset": [220, 233]}], "samples": [{"hash": "lO5JZzhqc02", "uri": "/contracts/lO5JZzhqc02#take-out-commitment", "label": "Master Repurchase Agreement and Securities Contract (loanDepot, Inc.)", "score": 34.9712524414, "published": true}, {"hash": "4RKLNVFyV3", "uri": "/contracts/4RKLNVFyV3#take-out-commitment", "label": "Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.)", "score": 34.1827507019, "published": true}, {"hash": "cJkPnUOvmE0", "uri": "/contracts/cJkPnUOvmE0#take-out-commitment", "label": "Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.)", "score": 33.1697463989, "published": true}], "snippet": "means a commitment of Seller to sell one or more Purchased Mortgage Loans to a Take-out Investor in an arms-length, all cash transaction, and the corresponding Take-out Investor\u2019s commitment back to Seller to effectuate the foregoing.", "size": 19, "hash": "08d234f9d3b02307ccfd818849ae43a3", "id": 4}, {"snippet_links": [{"key": "a-commitment", "type": "definition", "offset": [6, 18]}, {"key": "of-seller", "type": "clause", "offset": [19, 28]}, {"key": "loans-to", "type": "clause", "offset": [80, 88]}, {"key": "an-agency", "type": "clause", "offset": [196, 205]}, {"key": "agency-security", "type": "clause", "offset": [213, 228]}, {"key": "related-agency", "type": "definition", "offset": [248, 262]}, {"key": "each-case", "type": "definition", "offset": [303, 312]}, {"key": "to-seller", "type": "definition", "offset": [368, 377]}, {"key": "the-foregoing", "type": "definition", "offset": [399, 412]}, {"key": "with-respect-to", "type": "clause", "offset": [429, 444]}, {"key": "applicable-agency-documents", "type": "definition", "offset": [489, 516]}, {"key": "administrative-agent", "type": "definition", "offset": [522, 542]}, {"key": "other-person", "type": "definition", "offset": [551, 563]}, {"key": "as-required", "type": "clause", "offset": [564, 575]}, {"key": "agreement-or", "type": "definition", "offset": [600, 612]}, {"key": "joint-securities-account-control-agreement", "type": "definition", "offset": [613, 655]}, {"key": "sole-subscriber", "type": "clause", "offset": [659, 674]}], "samples": [{"hash": "daQlXVACXtg", "uri": "/contracts/daQlXVACXtg#take-out-commitment", "label": "Master Repurchase Agreement (loanDepot, Inc.)", "score": 35.1950721741, "published": true}, {"hash": "ko2KpSV7nDm", "uri": "/contracts/ko2KpSV7nDm#take-out-commitment", "label": "Master Repurchase Agreement (loanDepot, Inc.)", "score": 34.6043815613, "published": true}, {"hash": "luLP4RFactp", "uri": "/contracts/luLP4RFactp#take-out-commitment", "label": "Master Repurchase Agreement (loanDepot, Inc.)", "score": 33.1451072693, "published": true}], "snippet": "means a commitment of Seller to either (a) sell one or more identified Mortgage Loans to a Take-out Investor or (b) (i) swap one or more identified Mortgage Loans with a Take-out Investor that is an Agency for an Agency Security, and (ii) sell the related Agency Security to a Take-out Investor, and in each case, the corresponding Take-out Investor\u2019s commitment back to Seller to effectuate any of the foregoing, as applicable. With respect to any Take-out Commitment with an Agency, the applicable agency documents list Administrative Agent or such other Person as required under the Intercreditor Agreement or Joint Securities Account Control Agreement as sole subscriber.", "size": 15, "hash": "611f44ec06650e867455d21543bcb7e6", "id": 5}, {"snippet_links": [{"key": "a-person", "type": "clause", "offset": [30, 38]}, {"key": "the-improvements", "type": "clause", "offset": [80, 96]}, {"key": "to-repay", "type": "clause", "offset": [130, 138]}, {"key": "construction-loan", "type": "definition", "offset": [151, 168]}, {"key": "to-acquire", "type": "definition", "offset": [174, 184]}, {"key": "real-property-and-improvements", "type": "clause", "offset": [204, 234]}, {"key": "to-provide", "type": "definition", "offset": [242, 252]}, {"key": "equity-financing", "type": "clause", "offset": [265, 281]}], "samples": [{"hash": "Jc7rEpRjuz", "uri": "/contracts/Jc7rEpRjuz#take-out-commitment", "label": "Credit Agreement (Cbre Group, Inc.)", "score": 33.5995903015, "published": true}, {"hash": "jSt9OBVIeIp", "uri": "/contracts/jSt9OBVIeIp#take-out-commitment", "label": "Credit Agreement (Cbre Group, Inc.)", "score": 32.1615333557, "published": true}, {"hash": "b8Uy9j68TEO", "uri": "/contracts/b8Uy9j68TEO#take-out-commitment", "label": "Credit Agreement (Cbre Group, Inc.)", "score": 28.8329906464, "published": true}], "snippet": "means a written obligation of a person either (a) to purchase real property and the improvements thereon for an amount sufficient to repay the interim construction loan used to acquire and construct such real property and improvements or (b) to provide debt and/or equity financing the proceeds of which are to be used to repay the interim construction loan used to acquire and construct real property and improvements thereon.", "size": 12, "hash": "840d1570b43f8c86357691e22a4b9437", "id": 6}, {"snippet_links": [{"key": "a-person", "type": "clause", "offset": [30, 38]}, {"key": "the-improvements", "type": "clause", "offset": [80, 96]}, {"key": "to-repay", "type": "clause", "offset": [130, 138]}, {"key": "construction-loan", "type": "definition", "offset": [151, 168]}, {"key": "to-acquire", "type": "definition", "offset": [174, 184]}, {"key": "real-property-and-improvements", "type": "clause", "offset": [204, 234]}, {"key": "to-provide", "type": "definition", "offset": [243, 253]}, {"key": "equity-financing", "type": "clause", "offset": [266, 282]}], "samples": [{"hash": "fkYGjc8rcBF", "uri": "https://www.sec.gov/Archives/edgar/data/1138118/000119312510227483/dex41.htm", "label": "Indenture (Cb Richard Ellis Group Inc)", "score": 12.7775497437, "published": false}, {"hash": "lebhuF3t35X", "uri": "https://www.sec.gov/Archives/edgar/data/1138118/000119312509135658/dex41.htm", "label": "Indenture (Cb Richard Ellis Group Inc)", "score": 12.0, "published": false}, {"hash": "6yDcOidIU8l", "uri": "https://ir.cbre.com/financial-reports/sec-filings/content/0001193125-09-135658/0001193125-09-135658.pdf", "label": "ir.cbre.com", "score": 11.6023273468, "published": false}], "snippet": "means a written obligation of a Person either (1) to purchase real property and the improvements thereon for an amount sufficient to repay the interim construction loan used to acquire and construct such real property and improvements, or (2) to provide debt and/or equity financing the proceeds of which are to be used to repay the interim construction loan used to acquire and construct real property and improvements thereon.", "size": 9, "hash": "3b65feecaec36ac01241a971877814b7", "id": 7}, {"snippet_links": [{"key": "bona-fide", "type": "clause", "offset": [8, 17]}, {"key": "loan-commitment", "type": "definition", "offset": [54, 69]}, {"key": "forward-sale", "type": "definition", "offset": [73, 85]}, {"key": "backed-security", "type": "clause", "offset": [95, 110]}, {"key": "in-favor-of", "type": "clause", "offset": [129, 140]}, {"key": "the-borrowers", "type": "definition", "offset": [160, 173]}, {"key": "approved-investor", "type": "definition", "offset": [185, 202]}, {"key": "prior-to-the", "type": "clause", "offset": [247, 259]}, {"key": "satisfaction-of", "type": "clause", "offset": [289, 304]}, {"key": "certain-terms-and-conditions", "type": "clause", "offset": [305, 333]}, {"key": "subject-mortgage-loan", "type": "definition", "offset": [359, 380]}, {"key": "related-mortgage", "type": "definition", "offset": [384, 400]}, {"key": "specified-price", "type": "definition", "offset": [422, 437]}, {"key": "subject-to", "type": "definition", "offset": [463, 473]}], "samples": [{"hash": "7AjM4xvlGeT", "uri": "/contracts/7AjM4xvlGeT#take-out-commitment", "label": "Credit Agreement (American Home Mortgage Investment Corp)", "score": 18.0, "published": true}, {"hash": "2Qx2rCdQdai", "uri": "/contracts/2Qx2rCdQdai#take-out-commitment", "label": "Credit Agreement (American Home Mortgage Investment Corp)", "score": 18.0, "published": true}], "snippet": "means a bona fide current, unused and unexpired whole loan commitment or forward sale mortgage-backed security commitment issued in favor of and held by any of the Borrowers made by an Approved Investor, under which said Approved Investor agrees, prior to the expiration thereof, upon the satisfaction of certain terms and conditions therein, to purchase the subject Mortgage Loan or related Mortgage-Backed Security at a specified price, which commitment is not subject to any term or condition which is not customary in commitments of like nature or which, in the reasonably anticipated course of events, cannot be fully complied with prior to the expiration thereof.", "size": 8, "hash": "80686317fa9355bb91dfa98e17347588", "id": 8}, {"snippet_links": [{"key": "mandatory-commitment", "type": "definition", "offset": [8, 28]}, {"key": "best-efforts-commitment", "type": "definition", "offset": [34, 57]}], "samples": [{"hash": "dNmXg2OaX1O", "uri": "/contracts/dNmXg2OaX1O#take-out-commitment", "label": "Mortgage Warehousing Agreement (M/I Homes, Inc.)", "score": 32.4168395996, "published": true}, {"hash": "fIG0b05HPIv", "uri": "/contracts/fIG0b05HPIv#take-out-commitment", "label": "Mortgage Warehousing Agreement (M/I Homes, Inc.)", "score": 32.3963050842, "published": true}, {"hash": "4JH482wblfQ", "uri": "/contracts/4JH482wblfQ#take-out-commitment", "label": "Mortgage Warehousing Agreement (M I Homes Inc)", "score": 27.4887065887, "published": true}], "snippet": "means a Mandatory Commitment or a Best Efforts Commitment.", "size": 7, "hash": "c71c4032d4e024236b4faf1c8059e25c", "id": 9}, {"snippet_links": [{"key": "written-commitment", "type": "definition", "offset": [46, 64]}, {"key": "issued-by", "type": "clause", "offset": [66, 75]}, {"key": "mortgage-loans", "type": "definition", "offset": [118, 132]}, {"key": "of-the-sellers", "type": "clause", "offset": [142, 156]}, {"key": "from-time-to-time", "type": "clause", "offset": [157, 174]}, {"key": "specified-price", "type": "definition", "offset": [180, 195]}, {"key": "subject-to", "type": "definition", "offset": [268, 278]}, {"key": "prior-to-the", "type": "clause", "offset": [449, 461]}, {"key": "priority-security-interest", "type": "clause", "offset": [513, 539]}, {"key": "granted-to", "type": "clause", "offset": [549, 559]}, {"key": "the-administrative-agent", "type": "definition", "offset": [560, 584]}], "samples": [{"hash": "lo9Z35DJMGI", "uri": "/contracts/lo9Z35DJMGI#take-out-commitment", "label": "Custodial Agreement", "score": 22.0047912598, "published": true}, {"hash": "dK6LLcyguTd", "uri": "/contracts/dK6LLcyguTd#take-out-commitment", "label": "Custodial Agreement (American Home Mortgage Investment Corp)", "score": 21.0, "published": true}], "snippet": "means a current, valid, binding, enforceable, written commitment, issued by an Approved Take-Out Investor to purchase mortgage loans from one of the Sellers from time to time at a specified price (or a specified spread to an agreed-upon index) which commitment is not subject to any term or condition (i) that is not customary in commitments of like nature or (ii) that, in the reasonably anticipated course of events, cannot be fully complied with prior to the expiration thereof, in which a perfected and first-priority security interest has been granted to the Administrative Agent.", "size": 6, "hash": "d5ed2f162ba213554419e937ec63a972", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIcdGFrZS1vdXQtY29tbWl0bWVudCMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"title": "Take-out Commitment", "snippet": "means a commitment of Seller to either (a) sell one or more identified Mortgage Loans to a Take-out Investor or (b) (i) swap one or more identified Mortgage Loans with a Take-out Investor that is an Agency for an Agency Security, and (ii) sell the related Agency Security to a Take-out Investor, and in each case, the corresponding Take-out Investor\u2019s commitment back to Seller to effectuate any of the foregoing, as applicable. With respect to any Take-out Commitment with an Agency, the applicable agency documents list Buyer as sole subscriber.", "size": 255, "id": "take-out-commitment", "examples": ["Each <strong>Take-out Commitment</strong> is a legal, valid and binding obligation of Seller enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors\u2019 rights generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).", "Each Takeout Commitment is a legal, valid and binding obligation of Seller enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors\u2019 rights generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).", "For purposes of this paragraph all interest payments shall be deemed to accrue at the applicable rate set forth in the related Takeout Commitment.", "Each Takeout Commitment (if any) has been delivered by the Seller and constitutes a valid, binding and existing obligation of a Takeout Investor, enforceable against the Seller and the Takeout Investor, respectively, in accordance with its terms (subject to bankruptcy laws and other similar laws of general application affecting rights of creditors and subject to the application of the rules of equity, including those relating to specific performance).", "With respect to any Takeout Commitment with an Agency for which the Agency is swapping the related Purchased Mortgage Loans for a mortgage backed security, the applicable Agency documents list Buyer or its designee as sole subscriber.", "The Seller shall ensure that each Mortgage Loan sold to the Buyer in a Transaction hereunder which is subject to a Takeout Commitment with a third party purchaser is eligible for sale to such third party purchaser or Agency pursuant to the related purchase agreement.", "Each Mortgage Loan that is subject to a Takeout Commitment with an Agency as the Approved Investor had a principal balance at its origination that did not exceed such Agency\u2019s conforming loan limits as of the Purchase Date.", "On a timely basis, as required by the Good Delivery standards, Seller shall deliver to Purchaser all pool information relating to each Agency Security referred to in a Takeout Commitment that has been assigned to Purchaser.", "Any related Takeout Commitment constitutes a valid, binding and enforceable mandatory delivery commitment by a Takeout Buyer to purchase on the Settlement Date and at a given Takeout Price the principal amount of the Agency Security described therein.", "If a Takeout Commitment requires the Mortgage Loan to be guaranteed by VA, the Mortgage Loan is fully-eligible for VA guaranty, and is, or within 60 days after disbursement of the proceeds by the Seller will be, fully guaranteed by VA."], "related": [["takeout-commitment", "Takeout Commitment", "Takeout Commitment"], ["group-commitment", "Group Commitment", "Group Commitment"], ["revolver-commitment", "Revolver Commitment", "Revolver Commitment"], ["aggregate-revolving-commitment", "Aggregate Revolving Commitment", "Aggregate Revolving Commitment"], ["us-revolving-commitment", "U.S. Revolving Commitment", "U.S. Revolving Commitment"]], "related_snippets": [], "updated": "2026-03-14T06:33:37+00:00"}, "json": true, "cursor": ""}}