CONVEYANCE OF MORTGAGE LOANS; POSSESSION OF MORTGAGE FILES. (a) The Company, simultaneously with the execution and delivery of the Reference Agreement, shall hereby sell, transfer and assign, without recourse, to the Initial Owner the Ownership Interest comprising all the right, title and interest of the Company in and to the Mortgage Loans, including all interest at the applicable Mortgage Loan Remittance Rate and principal received on or with respect to the Mortgage Loans after the Cut-off Date set forth in the applicable Reference Agreement (other than payments of principal and interest due on the Mortgage Loans on or before the Cut-off Date) on a servicing retained basis.
Appears in 5 contracts
Samples: Custodial Agreement (GSR 2006-Ar2), Sale and Servicing Agreement (GSR Mortgage Loan Trust 2007-Ar1), Sale and Servicing Agreement (GSR Mortgage Loan Trust 2007-Oa1)
CONVEYANCE OF MORTGAGE LOANS; POSSESSION OF MORTGAGE FILES. (a) The Company, simultaneously with the execution and delivery of the Reference Agreement, shall hereby sell, transfer and assign, without recourse, subject to this Agreement and related Reference Agreement, to the Initial Owner the Ownership Interest comprising all the right, title and interest of the Company in and to the Mortgage Loans, including all interest at the applicable Mortgage Loan Remittance Rate and principal received on or due with respect to the Mortgage Loans after the Cut-off Date set forth in the applicable Reference Agreement (other than payments of principal and interest due on the Mortgage Loans on or before the Cut-off Date) on a servicing retained basis.
Appears in 2 contracts
Samples: Reference Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar3), Reference Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar4)
CONVEYANCE OF MORTGAGE LOANS; POSSESSION OF MORTGAGE FILES. (a) The Company, simultaneously with the execution and delivery of the a Reference Agreement, shall hereby sell, transfer and assign, without recourse, to the relevant Initial Owner Owner, the Ownership Interest comprising all the right, title and interest of the Company in and to the Mortgage Loans, including all interest at the applicable Mortgage Loan Remittance Rate and principal received on or with respect to the Mortgage Loans after the applicable Cut-off Date set forth in the applicable Reference Agreement (other than payments of principal and interest due on the Mortgage Loans on or before the applicable Cut-off Date) on a servicing retained basis.
Appears in 2 contracts
Samples: Reconstitution Agreement (HarborView 2007-7), Assignment and Assumption Agreement (Luminent Mortgage Trust 2006-6)
