Common use of Assignment of Mortgage Loans by the Purchaser; Pass-Through Transfers Clause in Contracts

Assignment of Mortgage Loans by the Purchaser; Pass-Through Transfers. (a) The Purchaser may, subject to the terms of this Agreement, sell and transfer one or more of the Mortgage Loans; provided, however, that the transferee will not be deemed to be the Purchaser hereunder unless such transferee shall agree in writing to be bound by the terms of this Agreement and an original counterpart of the document evidencing such agreement shall have been executed by the Purchaser and the transferee and delivered to Countrywide. Notwithstanding the foregoing, no transfer shall be effective if such transfer would result in there being more than four (4) “Purchasers” outstanding hereunder with respect to any Mortgage Loan Package. Any trust to which Mortgage Loans may be transferred pursuant to Section 6.07(b) hereunder shall constitute a single Purchaser for the purposes of the preceding sentence.

Appears in 6 contracts

Samples: Master Mortgage Loan Purchase Agreement (GSR Mortgage Loan Trust 2007-4f), Master Mortgage Loan Purchase Agreement (GSR Mortgage Loan Trust 2007-Oa1), Master Mortgage Loan Purchase Agreement (GSR Mortgage Loan Trust 2006-9f)

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Assignment of Mortgage Loans by the Purchaser; Pass-Through Transfers. (a) The Purchaser may, subject to the terms of this Agreement, sell and transfer one or more of the Mortgage Loans; provided, however, that the transferee will not be deemed to be the Purchaser hereunder unless such transferee shall agree in writing to be bound by the terms of this Agreement and an original counterpart of the document evidencing such agreement shall have been executed by the Purchaser and the transferee and delivered to Countrywide. Notwithstanding the foregoing, no transfer shall be effective if such transfer would result in there being more than four (4) "Purchasers" outstanding hereunder with respect to any Mortgage Loan Package. Any trust to which Mortgage Loans may be transferred pursuant to Section 6.07(b) hereunder shall constitute a single Purchaser for the purposes of the preceding sentence.

Appears in 5 contracts

Samples: Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-3), Master Servicing and Trust Agreement (Gsaa Home Equity Trust 2004-8), Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-4)

Assignment of Mortgage Loans by the Purchaser; Pass-Through Transfers. (a) The Purchaser may, subject to the terms of this Agreement, sell and transfer one or more of the Mortgage Loans; provided, however, that the transferee will not be deemed to be the Purchaser hereunder unless such transferee shall agree in writing to be bound by the terms of this Agreement and an original counterpart of the document evidencing such agreement shall have been executed by the Purchaser and the transferee and delivered to CountrywideGreenpoint. Notwithstanding the foregoing, no transfer shall be effective if such transfer would result in there being more than four five (45) "Purchasers" outstanding hereunder with respect to any Mortgage Loan Package. Any trust to which Mortgage Loans may be transferred pursuant to Section 6.07(b) hereunder shall constitute a single Purchaser for the purposes of the preceding sentence.

Appears in 4 contracts

Samples: Trust Agreement (GSAA Home Equity Trust 2005-4), Trust Agreement (Gsaa Home Equity Trust 2004-6), Master Servicing and Trust Agreement (GS Mortgage GSAA Home Eq. Trust 2004-7)

Assignment of Mortgage Loans by the Purchaser; Pass-Through Transfers. (a) The Purchaser may, subject to the terms of this Agreement, sell and transfer one or more of the Mortgage Loans; provided, however, that the transferee will not be deemed to be the Purchaser hereunder unless such transferee shall agree in writing to be bound by the terms of this Agreement and an original counterpart of the document evidencing such agreement shall have been executed by the Purchaser and the transferee and delivered to CountrywideIndymac. Notwithstanding the foregoing, no transfer shall be effective if such transfer would result in there being more than four five (45) "Purchasers" outstanding hereunder with respect to any Mortgage Loan Package. Any trust to which Mortgage Loans may be transferred pursuant to Section 6.07(b) hereunder shall constitute a single Purchaser for the purposes of the preceding sentence.

Appears in 2 contracts

Samples: Master Servicing and Trust Agreement (Gsaa Home Equity Trust 2004-8), Trust Agreement (GSAA Home Equity Trust 2005-4)

Assignment of Mortgage Loans by the Purchaser; Pass-Through Transfers. (a) The Purchaser may, subject to the terms of this Agreement, sell and transfer one or more of the Mortgage Loans; provided, however, that the transferee will not be deemed to be the Purchaser hereunder unless such transferee shall agree in writing to be bound by the terms of this Agreement and an original counterpart of the document evidencing such agreement shall have been executed by the Purchaser and the transferee and delivered to Countrywide. Notwithstanding the foregoing, no transfer shall be effective if such transfer would result in there being more than four three (43) “Purchasers” outstanding hereunder with respect to any Mortgage Loan Package. Any trust to which Mortgage Loans may be transferred pursuant to Section 6.07(b8.07(b) hereunder shall constitute a single Purchaser for the purposes of the preceding sentence.

Appears in 1 contract

Samples: Master Mortgage Loan Purchase and Servicing Agreement (Citigroup Mortgage Loan Trust Inc., Series 2007-Ar7)

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Assignment of Mortgage Loans by the Purchaser; Pass-Through Transfers. (a) The Purchaser may, subject to the terms of this Agreement, sell and transfer one or more of the Mortgage Loans; provided, however, that the transferee will not be deemed to be the Purchaser hereunder unless such transferee shall agree in writing to be bound by the terms of this Agreement and an original counterpart of the document evidencing such agreement shall have been executed by the Purchaser and the transferee and delivered to Countrywide. Notwithstanding the foregoing, no transfer shall be effective if such transfer would result in there being more than four three (43) "Purchasers" outstanding hereunder with respect to any Mortgage Loan Package. Any trust to which Mortgage Loans may be transferred pursuant to Section 6.07(b8.07(b) hereunder shall constitute a single Purchaser for the purposes of the preceding sentence.

Appears in 1 contract

Samples: Master Mortgage Loan Purchase and Servicing Agreement (Luminent Mortgage Trust 2006-6)

Assignment of Mortgage Loans by the Purchaser; Pass-Through Transfers. (a) The Purchaser may, subject to the terms of this Agreement, sell and transfer one or more of the Mortgage Loans; provided, however, that the transferee will not be deemed to be the Purchaser hereunder unless such transferee shall agree in writing to be bound by the terms of this Agreement and an original counterpart of the document evidencing such agreement shall have been executed by the Purchaser and the transferee and delivered to Countrywide. Notwithstanding the foregoing, no transfer shall be effective if such transfer would result in there being more than four (4) "Purchasers" outstanding hereunder with respect to any Mortgage Loan Package. Any trust to which Mortgage Loans may be transferred pursuant to Section 6.07(b) hereunder shall constitute a single Purchaser for the purposes of the preceding sentence.

Appears in 1 contract

Samples: Trust Agreement (GSAA Home Equity Trust 2005-4)

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