Common use of CLOSING; PAYMENT FOR THE SUBSEQUENT MORTGAGE LOANS Clause in Contracts

CLOSING; PAYMENT FOR THE SUBSEQUENT MORTGAGE LOANS. The closing of the purchase and sale of the Subsequent Mortgage Loans shall be held at the New York City office of Xxxxxxx Xxxxxxxx & Xxxx at 10:00 a.m. New York City time on the Closing Date. The closing shall be subject to each of the following conditions: (a) All of the representations and warranties of the Seller under this Agreement shall be true and correct in all material respects as of the date as of which they are made and no event shall have occurred which, with notice or the passage of time, would constitute a default under this Agreement; (b) The Purchaser shall have received, or the attorneys of the Purchaser shall have received in escrow (to be released from escrow at the time of closing), all Closing Documents as specified in Section 9 of this Agreement, in such forms as are agreed upon and acceptable to the Purchaser, duly executed by all signatories other than the Purchaser as required pursuant to the respective terms thereof; (c) The Seller shall have delivered and released to the Purchaser or to its designee, all documents (including without limitation, the Subsequent Mortgage Loans) required to be so delivered by the Seller pursuant to Section 2.01 of the Pooling and Servicing Agreement; and (d) All other terms and conditions of this Agreement and the Pooling and Servicing Agreement shall have been complied with. Subject to the foregoing conditions, the Purchaser shall deliver or cause to be delivered to the Seller on the Closing Date, against delivery and release by the Seller to the Trustee of all documents required pursuant to the Pooling and Servicing Agreement, the consideration for the Subsequent Mortgage Loans as specified in Section 3 of this Agreement, by delivery to the Seller of the Purchase Price in immediately available funds.

CLOSING; PAYMENT FOR THE SUBSEQUENT MORTGAGE LOANS. The closing of the purchase and sale of the Subsequent Mortgage Loans shall be held at the New York City office of Xxxxxxx Xxxxxxxx & Xxxx at 10:00 a.m. New York City time on the Closing Subsequent Transfer Date. The closing shall be subject to each of the following conditions: (a) All of the representations and warranties of the Seller under this Agreement shall be true and correct in all material respects as of the date as of which they are made and no event shall have occurred which, with notice or the passage of time, would constitute a default under this Agreement; (b) The Purchaser shall have received, or the attorneys of the Purchaser shall have received in escrow (to be released from escrow at the time of closing), all Closing Documents as specified in Section 9 of this Agreement, in such forms as are agreed upon and acceptable to the Purchaser, duly executed by all signatories other than the Purchaser as required pursuant to the respective terms thereof; (c) The Seller shall have delivered and released to the Purchaser or to its designee, all documents (including without limitation, the Subsequent Mortgage Loans) required to be so delivered by the Seller Purchaser pursuant to Section 2.01 of the Pooling and Servicing Agreement; and (d) All other terms and conditions of this Agreement and the Pooling and Servicing Agreement shall have been complied with. Subject to the foregoing conditions, the Purchaser shall deliver or cause to be delivered to the Seller on the Closing Subsequent Transfer Date, against delivery and release by the Seller to the Trustee of all documents required pursuant to the Pooling and Servicing Agreement, the consideration for the Subsequent Mortgage Loans as specified in Section 3 of this Agreement, by delivery to the Seller of the Purchase Price in immediately available funds.

CLOSING; PAYMENT FOR THE SUBSEQUENT MORTGAGE LOANS. The closing of the purchase and sale of the Subsequent Mortgage Loans shall be held at the New York City office of Xxxxxxx Xxxxxxxx Thacher Proffitt & Xxxx Wood at 10:00 a.m. New York City 00:00 x.x. Xxx Yorx Xxty time on the Closing Subsequent Transfer Date. The closing shall be subject to each of the following conditions: (a) All of the representations and warranties of the Seller under this Agreement shall be true and correct in all material respects as of the date as of which they are made and no event shall have occurred which, with notice or the passage of time, would constitute a default under this Agreement; (b) The Purchaser shall have received, or the attorneys of the Purchaser shall have received in escrow (to be released from escrow at the time of closing), all Closing Documents as specified in Section 9 of this Agreement, in such forms as are agreed upon and acceptable to the Purchaser, duly executed by all signatories other than the Purchaser as required pursuant to the respective terms thereof; (c) The Seller shall have delivered and released to the Purchaser or to its designee, all documents (including without limitation, the Subsequent Mortgage Loans) required to be so delivered by the Seller Purchaser pursuant to Section 2.01 of the Pooling and Servicing Agreement; and (d) All other terms and conditions of this Agreement and the Pooling and Servicing Agreement shall have been complied with. Subject to the foregoing conditions, the Purchaser shall deliver or cause to be delivered to the Seller on the Closing Subsequent Transfer Date, against delivery and release by the Seller to the Trustee of all documents required pursuant to the Pooling and Servicing Agreement, the consideration for the Subsequent Mortgage Loans as specified in Section 3 of this Agreement, by delivery to the Seller of the Purchase Price in immediately available funds.

CLOSING; PAYMENT FOR THE SUBSEQUENT MORTGAGE LOANS. The closing of the purchase and sale of the Subsequent Mortgage Loans shall be held at the New York City office of Xxxxxxx Xxxxxxxx & Xxxx at 10:00 a.m. New York City time on the Closing Subsequent Transfer Date. The closing shall be subject to each of the following conditions: (a) All of the representations and warranties of the Seller under this Agreement shall be true and correct in all material respects as of the date as of which they are made and no event shall have occurred which, with notice or the passage of time, would constitute a default under this Agreement; (b) All of the representations and warranties of the Originator under this Agreement shall be true and correct in all material respects as of the date as of which they are made and no event shall have occurred which, with notice or the passage of time, would constitute a default under this Agreement; (c) The Purchaser shall have received, or the attorneys of the Purchaser shall have received in escrow (to be released from escrow at the time of closing), all Closing Documents as specified in Section 9 of this Agreement, in such forms as are agreed upon and acceptable to the Purchaser, duly executed by all signatories other than the Purchaser as required pursuant to the respective terms thereof; (cd) The Seller shall have delivered or caused to be delivered and released to the Purchaser or to its designee, all documents (including without limitation, the Subsequent Mortgage Loans) required to be so delivered by the Seller Purchaser pursuant to Section 2.01 of the Pooling and Servicing Agreement; and (de) All other terms and conditions of this Agreement and the Pooling and Servicing Agreement shall have been complied with. Subject to the foregoing conditions, the Purchaser shall deliver or cause to be delivered to the Seller on the Closing Subsequent Transfer Date, against delivery and release by the Seller to the Trustee of all documents required pursuant to the Pooling and Servicing Agreement, the consideration for the Subsequent Mortgage Loans as specified in Section 3 of this Agreement, by delivery to the Seller of the Purchase Price in immediately available funds.

CLOSING; PAYMENT FOR THE SUBSEQUENT MORTGAGE LOANS. The closing of the purchase and sale of the Subsequent Mortgage Loans shall be held at the New York City office of Xxxxxxx Xxxxxxxx & Xxxx Wood at 10:00 a.m. AM New York City time on the Closing Subsequent Transfer Date. The closing shall be subject to each of the following conditions: (a) All of the representations and warranties of the Seller and the Originator under this Agreement shall be true and correct in all material respects as of the date as of which they are made and no event shall have occurred which, with notice or the passage of time, would constitute a default under this Agreement; (b) The Purchaser shall have received, or the attorneys of the Purchaser shall have received in escrow (to be released from escrow at the time of closing), all Closing Documents as specified in Section 9 of this Agreement, in such forms as are agreed upon and acceptable to the Purchaser, duly executed by all signatories other than the Purchaser as required pursuant to the respective terms thereof; (c) The Seller shall have delivered or caused to be delivered and released to the Purchaser or to its designee, all documents (including without limitation, the Subsequent Mortgage Loans) required to be so delivered by the Seller Purchaser pursuant to Section 2.01 of the Pooling and Servicing Agreement; and (d) All other terms and conditions of this Agreement and the Pooling and Servicing Agreement shall have been complied with. Subject to the foregoing conditions, the Purchaser shall deliver or cause to be delivered to the Seller on the Closing Subsequent Transfer Date, against delivery and release by the Seller to the Trustee of all documents required pursuant to the Pooling and Servicing Agreement, the consideration for the Subsequent Mortgage Loans as specified in Section 3 of this Agreement, by delivery to the Seller of the Purchase Price in immediately available funds.

CLOSING; PAYMENT FOR THE SUBSEQUENT MORTGAGE LOANS. The closing of the purchase and sale of the Subsequent Mortgage Loans shall be held at the New York City office of Xxxxxxx Xxxxxxxx Thacher Proffitt & Xxxx Wood at 10:00 a.m. New York City time on the Closing DateSubseqxxxx Xxxxxxxx Xxte. The closing shall be subject to each of the following conditions: (a) All of the representations and warranties of the Seller under this Agreement shall be true and correct in all material respects as of the date as of which they are made and no event shall have occurred which, with notice or the passage of time, would constitute a default under this Agreement; (b) The Purchaser shall have received, or the attorneys of the Purchaser shall have received in escrow (to be released from escrow at the time of closing), all Closing Documents as specified in Section 9 of this Agreement, in such forms as are agreed upon and acceptable to the Purchaser, duly executed by all signatories other than the Purchaser as required pursuant to the respective terms thereof; (c) The Seller shall have delivered or caused to be delivered and released to the Purchaser or to its designee, all documents (including without limitation, the Subsequent Mortgage Loans) required to be so delivered by the Seller Purchaser pursuant to Section 2.01 of the Pooling and Servicing Agreement; and (d) All other terms and conditions of this Agreement and the Pooling and Servicing Agreement shall have been complied with. Subject to the foregoing conditions, the Purchaser shall deliver or cause to be delivered to the Seller on the Closing Subsequent Transfer Date, against delivery and release by the Seller to the Trustee of all documents required pursuant to the Pooling and Servicing Agreement, the consideration for the Subsequent Mortgage Loans as specified in Section 3 of this Agreement, by delivery to the Seller of (i) the Purchase Price in immediately available fundsfunds and (ii) the New Century Certificates.