Common use of Assignment and Conveyance of Mortgage Loans Clause in Contracts

Assignment and Conveyance of Mortgage Loans. Upon Purchaser's payment of the Purchase Proceeds in accordance with Section 2.08 of the Agreement, Greenpoint shall sell, transfer, assign and convey to Purchaser, without recourse, but subject to the terms of the Purchase Confirmation and the Agreement, all of the right, title and interest of Greenpoint in and to the Mortgage Loans, excluding the servicing rights relating thereto. Each Mortgage Loan shall be serviced by Greenpoint pursuant to the terms of the Agreement.

Appears in 4 contracts

Samples: Servicing Agreement (GS Mortgage GSAA Home Eq. Trust 2004-7), Trust Agreement (Gsaa Home Equity Trust 2004-6), Servicing Agreement (Gsaa Home Equity Trust 2004-8)

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Assignment and Conveyance of Mortgage Loans. Upon Purchaser's payment of the Purchase Proceeds in accordance with Section 2.08 of the Agreement, Greenpoint GreenPoint shall sell, transfer, assign and convey to Purchaser, without recourse, but subject to the terms of the Purchase Confirmation and the Agreement, all of the right, title and interest of Greenpoint GreenPoint in and to the Mortgage Loans, excluding the servicing rights relating thereto. Each Mortgage Loan shall be serviced by Greenpoint GreenPoint pursuant to the terms of the Agreement.

Appears in 1 contract

Samples: Servicing Agreement (GSAA Home Equity Trust 2006-1)

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