Takeout Price definition

Takeout Price means as to each Takeout Commitment the purchase price (expressed as a percentage of par) set forth therein.

Takeout Price means, with respect to a Purchased Asset, the purchase price to be paid for such Asset by the Takeout Investor pursuant to the related Takeout Commitment.

Takeout Price means the price at which the Approved Investor has agreed to purchase a Purchased Asset from the Seller.

Examples of Takeout Price in a sentence

• Seller shall not direct the Approved Investor to pay to Buyer an amount less than the full Takeout Price or modify or otherwise change the wire instructions for payment of the Takeout Price provided to Approved Investor by Buyer.

• 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.

• Seller shall direct each Approved Investor purchasing a Purchased Asset to pay directly to Buyer, by wire transfer of immediately available funds, the applicable Takeout Price in full and without set-off on the date set forth in the applicable Purchase Commitment.

• Neither Seller nor Guarantor shall direct the Approved Investor to pay to Buyer an amount less than the full Takeout Price or modify or otherwise change the wire instructions for payment of the Takeout Price provided to Approved Investor by Buyer.

• For Pooled Mortgage Loans, the Purchase Price shall be the Type Purchase Price Percentage multiplied by the Takeout Price.

More Definitions of Takeout Price

Takeout Price. The purchase price to be paid for a Related Mortgage Loan or related Mortgage-Backed Security by the related Approved Investor pursuant to the related Purchase Commitment.

Takeout Price means the price at which the Approved Investor has agreed to purchase a Purchased Mortgage Loan from Seller.

Takeout Price the price at which a Designated Investor will acquire a particular Mortgage Loan as set forth on the related Takeout Commitment plus the amount of any accrued but unpaid interest on the related Mortgage Note.

Takeout Price means the purchase price of an Underlying Loan based on the required yield under the applicable mandatory delivery Purchase Commitment held by Borrower.

Takeout Price means, with respect to any Loan purchased hereunder, an amount equal to the sum of (i) 100% of the Loan principal balance thereof as of the date of purchase, (ii) accrued interest thereon at the applicable Loan Rate or Loan Rates from the date to which interest was last paid by the Obligor to the next date on which a Monthly Payment is due under the Mortgage following the date of purchase, (iii) expenses reasonably incurred or to be incurred by the Buyer in respect of the breach or defect giving rise to the purchase obligation, including any expenses arising out of the enforcement of the purchase obligation. "30-Day Delinquent Loan" means a Loan on which any Monthly Payment is more than thirty (30) days contractually past due.

Takeout Price means, with respect to any Loan or REO Property purchased hereunder, an amount equal to the sum of (i) 100% of the Loan Principal Balance thereof as of the date of purchase, (ii) accrued interest thereon at the applicable Loan Rate or Loan Rates from the date to which interest was last paid by the Obligor to the next date on which a Monthly Payment is due under the Mortgage following the date of purchase, (iii) any Servicing Expenses or unpaid Servicing Fees due to the Servicer with respect to the Loan or REO Property under the Servicing Agreement and (iv) expenses reasonably incurred or to be incurred by the Servicer or the Trustee in respect of the breach or defect giving rise to the purchase obligation, including any expenses arising out of the enforcement of the purchase obligation.

Takeout Price per Warrant shall be equal to the greater of: