Common use of Consideration provided by Seller Clause in Contracts

Consideration provided by Seller. The Seller in its capacity as a Beneficiary shall provide consideration to the Mortgages Trustee for the Seller Share in the Trust Property: (a) on the Initial Closing Date, by assigning to the Mortgages Trustee the Initial Mortgage Portfolio upon payment by the Mortgages Trustee to the Seller of the Initial Purchase Price for the Initial Mortgage Portfolio in accordance with the terms of the Mortgage Sale Agreement; (b) on each date after the Initial Closing Date on which (i) New Mortgage Loans are acquired by the Mortgages Trustee from the Seller in accordance with the Mortgage Sale Agreement and (ii) the consideration provided to the Seller for that sale is or includes the covenant of the Mortgages Trustee to hold the Trust Property on trust for Funding (as to the Funding Share) and the Seller (as to the Seller Share) in accordance with the terms of this Deed, by the sale on such date by the Seller of such New Mortgage Loans either for the payment by the Mortgages Trustee of the Initial Purchase Price paid on such date or (if no Initial Purchase Price is paid) without payment on such date; and (c) on each date on which the Seller increases the Seller Share of the Trust Property in accordance with Clause 5 (Increasing the Seller Share of the Trust Property) below, the Seller will pay the consideration to the Mortgages Trustee specified in that Clause.

Consideration provided by Seller. The Seller in its capacity as a Beneficiary shall provide consideration to the Mortgages Trustee for the Seller Share in the Trust Property: (a) on the Initial Closing Date, by selling and assigning to the Mortgages Trustee the Initial Mortgage Portfolio upon payment by the Mortgages Trustee to the Seller of the Initial Purchase Price for the Initial Mortgage Portfolio in accordance with the terms of the Mortgage Sale Agreement; (b) on each date after the Initial Closing Date on which (i) New Mortgage Loans are acquired by the Mortgages Trustee from the Seller in accordance with the Mortgage Sale Agreement and (ii) the consideration provided to the Seller for that sale is or includes the covenant of the Mortgages Trustee to hold the Trust Property on trust for Funding (as to the Funding Share) and the Seller (as to the Seller Share) in accordance with the terms of this Deed, by the sale on such date by the Seller of such New Mortgage Loans either for the payment by the Mortgages Trustee of the Initial Purchase Price paid on such date or (if no Initial Purchase Price is paid) without payment on such date; and (c) on each date on which the Seller increases the Seller Share of the Trust Property in accordance with Clause 5 (Increasing and Decreasing the Seller Share of the Trust Property) below, the Seller will pay the consideration to the Mortgages Trustee specified in that Clause.

Consideration provided by Seller. The Seller in its capacity as a Beneficiary shall provide consideration to the Mortgages Trustee for the Seller Share in the Trust Property: (aA) on the Initial Closing Date, by selling and assigning to the Mortgages Trustee the Initial Mortgage Portfolio upon payment by the Mortgages Trustee to the Seller of the Initial Purchase Price for the Initial Mortgage Portfolio in accordance with the terms of the Mortgage Sale Agreement; (bB) on each date after the Initial Closing Date on which (i) New Mortgage Loans are acquired by the Mortgages Trustee from the Seller in accordance with the Mortgage Sale Agreement and (ii) the consideration provided to the Seller for that sale is or includes the covenant of the Mortgages Trustee to hold the Trust Property on trust for Funding, the Seller and, upon the acquisition by Funding (as to 2, by way of assignment, from the Funding Share) and Seller of a portion of the Seller's beneficial interest in the Mortgages Trust in accordance with the terms of the Seller (as to the Seller ShareMortgages Trust) Assignment Agreement, Funding 2, in accordance with the terms of this Deed, by the sale on such date by the Seller of such New Mortgage Loans either for the payment by the Mortgages Trustee of the Initial Purchase Price paid on such date or (if no Initial Purchase Price is paid) without payment on such date; and (cC) on each date on which the Seller increases the Seller Share of the Trust Property in accordance with Clause 5 (Increasing and Decreasing the Seller Share of the Trust Property) below, the Seller will pay the consideration to the Mortgages Trustee specified in that Clause.

Consideration provided by Seller. The Seller in its capacity as a Beneficiary shall provide consideration to the Mortgages Trustee for the Seller Share in the Trust Property: (aA) on the Initial Closing Date, by selling and assigning to the Mortgages Trustee the Initial Mortgage Portfolio upon payment by the Mortgages Trustee to the Seller of the Initial Purchase Price for the Initial Mortgage Portfolio in accordance with the terms of the Mortgage Sale Agreement; (bB) on each date after the Initial Closing Date on which (i) New Mortgage Loans are acquired by the Mortgages Trustee from the Seller in accordance with the Mortgage Sale Agreement and (ii) the consideration provided to the Seller for that sale is or includes the covenant of the Mortgages Trustee to hold the Trust Property on trust for Funding (as to the Funding Share) and Funding, the Seller (as to and, upon the acquisition by Funding 2 from the Seller Share) of part of the Seller Share in accordance with the terms of the Seller Share Assignment Agreement, Funding 2, in accordance with the terms of this Deed, by the sale on such date by the Seller of such New Mortgage Loans either for the payment by the Mortgages Trustee of the Initial Purchase Price paid on such date or (if no Initial Purchase Price is paid) without payment on such date; and (cC) on each date on which the Seller increases the Seller Share of the Trust Property in accordance with Clause 5 (Increasing and Decreasing the Seller Share of the Trust Property) below, the Seller will pay the consideration to the Mortgages Trustee specified in that Clause.