Common use of Assignment of Purchase Agreement Clause in Contracts

Assignment of Purchase Agreement. The Mortgage Loan Seller for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, hereby grants, sells, transfers, assigns, delivers, sets-over and conveys to the Purchaser all the right, title and interest of the Mortgage Loan Seller in, to and under the Mortgage Loans pursuant to each agreement between the Mortgage Loan Seller and the originators of the Mortgage Loans (where such originators are Persons other than the Mortgage Loan Seller) pursuant to which the Mortgage Loan Seller acquired rights in such Mortgage Loan (which agreements are set forth on Schedule II attached hereto), including, without limitation, all of the Mortgage Loan Seller's right, title and interest in any claims, insurance policies, escrow accounts, demands, causes of action and any other collateral arising out of and/or executed and/or delivered in or to, together with any other documents or instruments executed and/or delivered in connection with or otherwise related to the Mortgage Loans, without recourse, representation or warranty except as set forth herein.

Appears in 3 contracts

Samples: Mortgage Loan Purchase Agreement (Merrill Lynch Mort Invest Inc Mort Pass THR Cert Ser 1999 C1), Mortgage Loan Purchase Agreement (Merrill Lynch Mort Invest Inc Mort Pass THR Cert Ser 1999 C1), Mortgage Loan Purchase Agreement (Merrill Lynch Mort Invest Inc Mort Pass THR Cert Ser 1999 C1)

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Assignment of Purchase Agreement. The Mortgage Loan Seller for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, hereby grants, sells, transfers, assigns, delivers, sets-over and conveys to the Purchaser all the right, title and interest of the Mortgage Loan Seller in, to and under the Mortgage Loans pursuant to each agreement between the Mortgage Loan Seller and the originators of the Mortgage Loans (where such originators are Persons other than the Mortgage Loan Seller) pursuant to which the Mortgage Loan Seller acquired rights in such Mortgage Loan (which agreements are set forth on Schedule II I attached hereto), including, without limitation, all of the Mortgage Loan Seller's right, title and interest in any claims, insurance policies, escrow accounts, demands, causes of action and any other collateral arising out of and/or executed and/or delivered in or to, together with any other documents or instruments executed and/or delivered in connection with or otherwise related to the Mortgage Loans, without recourse, representation or warranty except as set forth herein.. [End of Article III]

Appears in 1 contract

Samples: Mortgage Loan Purchase and Sale Agreement (Painewebber Mortgage Acceptance Corp V)

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Assignment of Purchase Agreement. The Mortgage Loan Seller for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, hereby grants, sells, transfers, assigns, delivers, sets-over and conveys to the Purchaser all the right, title and interest of the Mortgage Loan Seller in, to and under the Mortgage Loans pursuant to each agreement between the Mortgage Loan Seller and the originators of the Mortgage Loans (where such originators are Persons other than the Mortgage Loan Seller) pursuant to which the Mortgage Loan Seller acquired rights in such Mortgage Loan (which agreements are set forth on Schedule II I attached hereto), including, without limitation, all of the Mortgage Loan Seller's right, title and interest in any claims, insurance policies, escrow accounts, demands, causes of action and any other collateral arising out of and/or executed and/or delivered in or to, together with any other documents or instruments executed and/or delivered in connection with or otherwise related to the Mortgage Loans, without recourse, representation or warranty except as set forth herein. [End of Article III] ARTICLE IV.

Appears in 1 contract

Samples: Mortgage Loan Purchase and Sale Agreement (Painewebber Mortgage Acceptance Corp V)

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