Common use of Conditions Precedent to Transfer Dates Clause in Contracts

Conditions Precedent to Transfer Dates. (a) Three (3) Business Days prior to each Transfer Date, the Trust shall give a Notice of Issue to the Note Purchaser, the Indenture Trustee and the Collateral Agent of such upcoming Transfer Date and provide an estimate of the number of Mortgage Loans and aggregate Principal Balance of such Mortgage Loans to be transferred on such Transfer Date. One (1) Business Day prior to each Transfer Date, the Trust shall provide the Note Purchaser, the Indenture Trustee and the Collateral Agent a final Mortgage Loan Schedule with respect to the Mortgage Loans to be transferred on such Transfer Date. On each Transfer Date, the Depositor shall convey to the Trust the Mortgage Loans and the other property and rights related thereto described in the related Assignment, and the Trust, only upon the satisfaction of each of the conditions set forth below on or prior to such Transfer Date, shall deposit or cause to be deposited cash in the amount of the Sale Amount received from the Note Purchaser in the General Operating Account in respect thereof, and the Servicer shall, promptly after such deposit, direct the Indenture Trustee to withdraw the amount deposited in respect of applicable Sale Amount from the General Operating Account, and distribute such amount to or at the direction of the Depositor.

Conditions Precedent to Transfer Dates. (a) Three (3) Five Business Days prior to each Transfer Date, the Trust shall give a Notice of Issue Borrowing to the Note Purchaser, the Indenture Trustee and the Collateral Agent of such upcoming Transfer Date and provide an estimate of the number of Mortgage Loans and aggregate Principal Balance of such Mortgage Loans to be transferred on such Transfer Date. One (1) Three Business Day Days prior to each Transfer Date, the Trust shall provide the Note Purchaser, the Indenture Trustee and the Collateral Agent a final Mortgage Loan Schedule with respect to the Mortgage Loans to be transferred on such Transfer Date. On each Transfer Date, the Depositor shall convey to the Trust the Mortgage Loans and the other property and rights related thereto described in the related Assignment, and the Trust, only upon the satisfaction of each of the conditions set forth below on or prior to such Transfer Date, shall deposit or cause to be deposited cash in the amount of the Sale Advance Amount received from the Note Purchaser in the General Operating Account in respect thereof, and the Servicer shall, promptly after such deposit, direct the Indenture Trustee to withdraw the amount deposited in respect of applicable Sale Advance Amount from the General Operating Account, and distribute such amount to or at the direction of the Depositor.

Conditions Precedent to Transfer Dates. (a) Three (3) Business Days prior to each Transfer Date, or in the case of Wet-Ink Mortgage Loans one (1) Business Day prior to each Transfer Date, the Trust shall give a Notice of Issue to the Note Purchaser, the Indenture Trustee and the Collateral Agent of such upcoming Transfer Date and provide an estimate of the number of Mortgage Loans and aggregate Principal Balance of such Mortgage Loans to be transferred on such Transfer Date. One (1) Business Day prior to each Transfer Date, the Trust shall provide the Note Purchaser, the Indenture Trustee and the Collateral Agent a final Mortgage Loan Schedule with respect to the Mortgage Loans to be transferred on such Transfer Date. On each Transfer Date, the Depositor shall convey to the Trust the Mortgage Loans and the other property and rights related thereto described in the related Assignment, and the Trust, only upon the satisfaction of each of the conditions set forth below on or prior to such Transfer Date, shall deposit or cause to be deposited cash in the amount of the Sale Amount received from the Note Purchaser in the General Operating Account in respect thereof, and the Servicer shall, promptly after such deposit, direct the Indenture Trustee to withdraw the amount deposited in respect of applicable Sale Amount from the General Operating Account, and distribute such amount to or at the direction of the Depositor.

Conditions Precedent to Transfer Dates. (a) Three (3) Five Business Days prior to each Transfer Date, the Trust shall give a Notice of Issue to the Note Purchaser, the Indenture Trustee and the Collateral Agent of such upcoming Transfer Date and provide an estimate of the number of Mortgage Loans and aggregate Principal Balance of such Mortgage Loans to be transferred on such Transfer Date. One (1) Three Business Day Days prior to each Transfer Date, the Trust shall provide the Note Purchaser, the Indenture Trustee and the Collateral Agent a final Mortgage Loan Schedule with respect to the Mortgage Loans to be transferred on such Transfer Date. On each Transfer Date, the Depositor shall convey to the Trust the Mortgage Loans and the other property and rights related thereto described in the related Assignment, and the Trust, only upon the satisfaction of each of the conditions set forth below on or prior to such Transfer Date, shall deposit or cause to be deposited cash in the amount of the Sale Amount received from the Note Purchaser in the General Operating Account in respect thereof, and the Servicer shall, promptly after such deposit, direct the Indenture Trustee to withdraw the amount deposited in respect of applicable Sale Amount from the General Operating Account, and distribute such amount to or at the direction of the Depositor.