Confirmations; Transactions Sample Clauses

Confirmations; Transactions. (a) In the event that the Buyer agrees to purchase any Purchased Assets set forth in a Transaction Request, on each Purchase Date, the Buyer shall forward to the Sellers a confirmation (a “Confirmation”) by Electronic Transmission setting forth with respect to each Transaction funded on such date, (1) the mortgage loan number, (2) the Purchase Price for such Purchased Assets, (3) the Market Value of the related Mortgage Loans as of the date of such Confirmation, (4) the outstanding principal amount of the related Mortgage Loans, (5) the Repurchase Date, (6) the Pricing Rate and (7) the Purchased Amount. The Buyer shall forward to the Sellers a revised Confirmation by Electronic Transmission notifying such Seller as to any changes made by the Buyer in the Market Value, Pricing Rate, Repurchase Date or Final Repurchase Date pursuant to the terms hereof. (b) On each date that all the documents set forth in Section 2 of the Custodial Agreement are received by the Custodian with respect to any Wet-Ink Mortgage Loan, and the Custodian delivers to the Buyer a Trust Receipt attaching a Mortgage Loan Schedule and Exception Report with respect to any such Eligible Asset, the Buyer shall forward to the Sellers a new Confirmation by Electronic Transmission setting forth the following information, updated to reflect the revised Pricing Rate, and, if applicable, Market Value as a result of the conversion of such Mortgage Loan, (1) the mortgage loan number, (2) the Purchase Price for such Purchased Assets, (3) the Market Value of the related Mortgage Loans, (4) the outstanding principal amount of the related Mortgage Loans, (5) the Repurchase Date, (6) the Final Repurchase Date and (7) the Pricing Rate. (c) In the event any Seller disagrees with any terms of any Confirmation, such Seller shall notify the Buyer in writing of such disagreement within one (1) Business Day after receipt of such Confirmation unless a corrected Confirmation is sent by the Buyer. An objection sent by such Seller must state specifically that it is an objection, must specify the provision(s) being objected to by such Seller, must set forth such provision(s) in the manner that such Seller believes they should be stated, and must be received by the Buyer no more than one (1) Business Day after the Confirmation was received by such Seller. (d) Any Confirmation by the Buyer shall be deemed to have been received by the Sellers on the date actually received by any Seller. (e) Except as set forth in Sec...