Closing Date Transactions. On each Closing Date, subject to the satisfaction of the terms and conditions herein: (a) Seller shall execute and deliver an Assignment Agreement with respect to the applicable Sold Percentage of the Excess MSRs on the related Mortgage Loans; (b) Seller shall deposit into the Reserve Account the amount, if any, necessary to make the amount on deposit therein equal to the Required Reserve Amount for such Closing Date: and (c) Purchaser shall remit to Seller the applicable Purchase Price by wire transfer of immediately available funds to the account designated by Seller.
Appears in 3 contracts
Samples: Flow and Bulk Purchase Agreement, Flow and Bulk Excess MSR Purchase Agreement (Cherry Hill Mortgage Investment Corp), Flow and Bulk Purchase Agreement (Cherry Hill Mortgage Investment Corp)
Closing Date Transactions. On each the Closing Date, subject to the satisfaction of the terms and conditions herein:
(a) Seller shall execute and deliver an Assignment Agreement with respect to the applicable Sold Percentage Percentages of the Excess MSRs on the related Initial Mortgage Loans;
(b) Seller shall deposit into the Reserve Account the amount, if any, necessary to make the amount on deposit therein equal to the Required Reserve Amount for such Closing Date: into the Reserve Account; and
(c) Purchaser shall remit to Seller the applicable Purchase Price by wire transfer of immediately available funds to the account designated by Seller.
Appears in 2 contracts
Samples: Excess MSR Acquisition and Recapture Agreement (Cherry Hill Mortgage Investment Corp), Excess MSRS Acquisition and Recapture Agreement (Cherry Hill Mortgage Investment Corp)
Closing Date Transactions. On each the Closing Date, subject to the satisfaction of the terms and conditions herein:
(a) Seller shall execute and deliver an Assignment Agreement with respect to the applicable Sold Percentage of the Excess MSRs on the related Initial Mortgage Loans;
(b) Seller shall deposit into the Reserve Account the amount, if any, necessary to make the amount on deposit therein equal to the Required Reserve Amount for such Closing Date: into the Reserve Account; and
(c) Purchaser shall remit to Seller the applicable Purchase Price by wire transfer of immediately available funds to the account designated by Seller.
Appears in 2 contracts
Samples: Excess MSR Acquisition and Recapture Agreement (Cherry Hill Mortgage Investment Corp), Excess MSRS Acquisition and Recapture Agreement (Cherry Hill Mortgage Investment Corp)
