Examples of Takeout Broker Dealer in a sentence
The Seller shall arrange for the sale of the Purchased Agency Securities to a Takeout Broker Dealer, the proceeds of such sale to be credited to Buyer’s account as further provided herein to satisfy the Repurchase Price with respect to the Purchased Agency Securities.
If not required by Buyer prior to entering into a Transaction, Seller shall enter into an Agency Security Purchase Commitment with a Takeout Broker Dealer for each Purchased Agency Security upon Buyer’s request.
Unless otherwise mutually agreed in writing, all transfers of funds to be made by the Seller, the Takeout Investor or Takeout Broker Dealer hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the Settlement Account or such other account as Buyer shall specify to Seller, Takeout Investor or Takeout Broker Dealer in writing.
Should Seller, for any reason, cease to be in good standing with any of the foregoing, or, if in order to remain in good standing, should Seller be required by any Takeout Investor, Takeout Broker Dealer or Xxxxxx Xxx or Xxxxxxx Mac to provide any notification to the relevant Takeout Investor, Takeout Broker Dealer, Xxxxxx Mae or Xxxxxxx Mac or to the Department of Housing and Urban Development, FHA or VA, such Seller shall also notify Buyer immediately in writing of such notification.
Such Agency Security Purchase Commitment shall be irrevocable in full force and effect and fully enforceable against such Takeout Broker Dealer.
Should Seller, for any reason, cease to be in good standing with any of the foregoing, or, if in order to remain in good standing, should Seller be required by any Takeout Investor, Takeout Broker Dealer or Fxxxxx Mxx or Fxxxxxx Mac to provide any notification to the relevant Takeout Investor, Takeout Broker Dealer, Fxxxxx Mae or Fxxxxxx Mac or to the Department of Housing and Urban Development, FHA or VA, such Seller shall also notify Buyer immediately in writing of such notification.
Unless otherwise mutually agreed in writing, all transfers of funds to be made by the Seller, the Takeout Investor or Takeout Broker Dealer hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Administrative Agent at the Settlement Account or such other account as Administrative Agent shall specify to Seller, Takeout Investor or Takeout Broker Dealer in writing.
Unless otherwise mutually agreed in writing, all transfers of funds to be made by the Seller, the Takeout Investor or Takeout Broker Dealer hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer into the Settlement Account or such other account as Buyer shall specify to Seller, Takeout Investor or Takeout Broker Dealer in writing.
Such Agency Securit y Purchase Commitment shall be irrevocable in full force and effect and fully enforceable against such Takeout Broker Dealer.
The Seller shall arrange for the sale of the Purchased Agency Securities to a Takeout Broker Dealer, the proceeds of such sale to be credited to Buyer’s or Securities Custodian’s account as further provided herein to satisfy the Repurchase Price with respect to the Purchased Agency Securities.