Common use of CONDITIONS TO PURCHASE Clause in Contracts

CONDITIONS TO PURCHASE. The obligations of TMHL to purchase any Eligible Loans are subject to the satisfaction prior to or on each applicable Purchase Date (or on such other date as expressly provided for herein) of the following conditions, any one or more of which may be waived in writing by TMHL: (a) All of the representations and warranties of the Correspondent set forth in the Guides shall be true and correct as of the applicable Purchase Date, and no event shall have occurred which, with notice or the passage of time, would constitute a Default or breach under this Agreement or under the Guides. (b) On each Purchase Date, TMHL shall have received the documents and instruments required to be delivered to TMHL on or before such Purchase Date pursuant to the Guides, duly executed by all signatories other than TMHL as required pursuant to the respective terms thereof. (c) All other terms and conditions to be performed on or prior to the applicable Purchase Date (or such other date as expressly provided for herein) by the Correspondent shall have been duly complied with and performed in all respects pursuant to this Agreement, the applicable Approval Notification Letter and the Guides.

CONDITIONS TO PURCHASE. The obligations of TMHL TMA to purchase any Eligible Loans are subject to the satisfaction prior to or on each applicable Purchase Date (or on such other date as expressly provided for herein) of the following conditions, any one or more of which may be waived in writing by TMHLTMA: (a) All of the representations and warranties of the Correspondent set forth in the Guides shall be true and correct as of the applicable Purchase Date, and no event shall have occurred which, with notice or the passage of time, would constitute a Default or breach under this Agreement or under the Guides. (b) On each Purchase Date, TMHL TMA shall have received the documents and instruments required to be delivered to TMHL TMA on or before such Purchase Date pursuant to the Guides, duly executed by all signatories other than TMHL TMA as required pursuant to the respective terms thereof. (c) All other terms and conditions to be performed on or prior to the applicable Purchase Date (or such other date as expressly provided for herein) by the Correspondent shall have been duly complied with and performed in all respects pursuant to this Agreement, the applicable Approval Notification Letter and the Guides.

CONDITIONS TO PURCHASE. The obligations of TMHL Purchaser to purchase any Eligible Mortgage Loans are subject to the satisfaction prior to or on each applicable Purchase Date (or on such other date as expressly provided for herein) of the following conditions, any one or more of which may be waived in writing by TMHLPurchaser: (a) All of the representations and warranties of the Correspondent Company set forth in the Guides shall be true and correct as of the applicable Purchase Date, and no event shall have occurred which, with notice or the passage of time, would constitute a Default or breach under this Agreement or under the Guides. (b) On each Purchase Date, TMHL Purchaser shall have received the documents and instruments required to be delivered to TMHL Purchaser on or before such Purchase Date pursuant to the Guides, duly executed by all signatories other than TMHL Purchaser as required pursuant to the respective terms thereof. (c) All other terms and conditions to be performed on or prior to the applicable Purchase Date (or such other date as expressly provided for herein) by the Correspondent Company shall have been duly complied with and performed in all respects pursuant to this Agreement, the applicable Approval Notification Commitment Confirmation Letter and the Guides.