Common use of Conveyance of Subsequent Mortgage Loans by the Seller Clause in Contracts

Conveyance of Subsequent Mortgage Loans by the Seller. Subject to the conditions set forth in Section 1.05 and Section 1.06, in consideration of the Trustee's delivery to or upon the order of the Seller of an amount equal to $________ (i.e., the aggregate Cut-off Date Principal Balance of the Subsequent Mortgage Loans), the Seller does hereby sell, transfer, assign and otherwise convey to the Depositor, without recourse (subject to the Seller's obligations hereunder) all of the Seller's right, title and interest in and to the Subsequent Mortgage Loans, including all interest and principal received or receivable by the Seller on or with respect to each Subsequent Mortgage Loan after the related Cut-off Date and all interest and principal payments on each Subsequent Mortgage Loan received prior to such related Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Loan on or before such related Cut-off Date, and the Depositor simultaneously does hereby sell, transfer, assign, set over and otherwise convey to the Trustee for the benefit of the Certificateholders, without recourse, all the right, title and interest of the Depositor in and to each Subsequent Mortgage Loan, including all interest and principal received or receivable by the Depositor on or with respect to each Subsequent Mortgage Loan after the related Cut-off Date and all interest and principal payments on each Subsequent Mortgage Loan received prior to such related Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Loan on or before such related Cut-off Date.

Conveyance of Subsequent Mortgage Loans by the Seller. Subject to the conditions set forth in Section 1.05 and Section 1.06, in consideration of the Trustee's delivery to or upon the order of the Seller of an amount equal to $________ (i.e., an amount not greater than the aggregate Cut-off Date Principal Balance of the Subsequent Mortgage Loans), the Seller does hereby sell, transfer, assign and otherwise convey to the Depositor, without recourse (subject to the Seller's obligations hereunder) all of the Seller's right, title and interest in and to the Subsequent Mortgage Loans, including all interest and principal received or receivable by the Seller on or with respect to each Subsequent Mortgage Loan after the related Cut-off Date and all interest and principal payments on each Subsequent Mortgage Loan received prior to before such related Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Loan on or before by such related Cut-off Date, and the Depositor simultaneously does hereby sell, transfer, assign, set over and otherwise convey to the Trustee for the benefit of the Certificateholders, without recourse, all the right, title and interest of the Depositor in and to each Subsequent Mortgage Loan, including all interest and principal received or receivable by the Depositor on or with respect to each Subsequent Mortgage Loan after the related Cut-off Date and all interest and principal payments on each Subsequent Mortgage Loan received prior to before such related Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Loan on or before by such related Cut-off Date.

Conveyance of Subsequent Mortgage Loans by the Seller. Subject to the conditions set forth in Section 1.05 and Section 1.06, in consideration of the Trustee's delivery to or upon the order of the Seller of an amount equal to $________ [ ] (i.e., an amount not greater than the aggregate Cut-off Date Principal Balance of the Subsequent Mortgage Loans), the Seller does hereby sell, transfer, assign and otherwise convey to the Depositor, without recourse (subject to the Seller's obligations hereunder) all of the Seller's right, title and interest in and to the Subsequent Mortgage Loans, including all interest and principal received or receivable by the Seller on or with respect to each Subsequent Mortgage Loan after the related Cut-off Date and all interest and principal payments on each Subsequent Mortgage Loan received prior to before such related Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Loan on or before by such related Cut-off Date, and the Depositor simultaneously does hereby sell, transfer, assign, set over and otherwise convey to the Trustee for the benefit of the Certificateholders, without recourse, all the right, title and interest of the Depositor in and to each Subsequent Mortgage Loan, including all interest and principal received or receivable by the Depositor on or with respect to each Subsequent Mortgage Loan after the related Cut-off Date and all interest and principal payments on each Subsequent Mortgage Loan received prior to before such related Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Loan on or before by such related Cut-off Date.

Conveyance of Subsequent Mortgage Loans by the Seller. Subject to the conditions set forth in Section 1.05 and Section 1.06, in consideration of the Trustee's delivery to or upon the order of the Seller of an amount equal to $__________ (i.e., an amount not greater than the aggregate Cut-off Date Principal Balance of the Subsequent Mortgage Loans), the Seller does hereby sell, transfer, assign and otherwise convey to the Depositor, without recourse (subject to the Seller's obligations hereunder) all of the Seller's right, title and interest in and to the Subsequent Mortgage Loans, including all interest and principal received or receivable by the Seller on or with respect to each Subsequent Mortgage Loan after the related Cut-off Date and all interest and principal payments on each Subsequent Mortgage Loan received prior to before such related Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Loan on or before by such related Cut-off Date, and the Depositor simultaneously does hereby sell, transfer, assign, set over and otherwise convey to the Trustee for the benefit of the Certificateholders, without recourse, all the right, title and interest of the Depositor in and to each Subsequent Mortgage Loan, including all interest and principal received or receivable by the Depositor on or with respect to each Subsequent Mortgage Loan after the related Cut-off Date and all interest and principal payments on each Subsequent Mortgage Loan received prior to before such related Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Loan on or before by such related Cut-off Date.

Conveyance of Subsequent Mortgage Loans by the Seller. Subject to the conditions set forth in Section 1.05 and Section 1.06, in consideration of the Trustee's delivery to or upon the order of the Seller of an amount equal to $________ (i.e., the aggregate Cut-off Date Principal Balance of the Subsequent Mortgage Loans), the Seller does hereby sell, transfer, assign and otherwise convey to the Depositor, without recourse (subject to the Seller's obligations hereunder) all of the Seller's right, title and interest in and to the Subsequent Mortgage Loans, including all interest and principal received or receivable by the Seller on or with respect to each Subsequent Mortgage Loan after the related Cut-off Date and all interest and principal payments on each Subsequent Mortgage Loan received prior to before such related Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Loan on or before by such related Cut-off Date, and the Depositor simultaneously does hereby sell, transfer, assign, set over and otherwise convey to the Trustee for the benefit of the Certificateholders, without recourse, all the right, title and interest of the Depositor in and to each Subsequent Mortgage Loan, including all interest and principal received or receivable by the Depositor on or with respect to each Subsequent Mortgage Loan after the related Cut-off Date and all interest and principal payments on each Subsequent Mortgage Loan received prior to before such related Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Loan on or before by such related Cut-off Date.

Conveyance of Subsequent Mortgage Loans by the Seller. Subject to the conditions set forth in Section 1.05 and Section 1.06, in consideration of the Trustee's delivery to or upon the order of the Seller of an amount equal to $____________ (i.e., an amount not greater than the aggregate Cut-off Date Principal Balance of the Subsequent Mortgage Loans), the Seller does hereby sell, transfer, assign and otherwise convey to the Depositor, without recourse (subject to the Seller's obligations hereunder) all of the Seller's right, title and interest in and to the Subsequent Mortgage Loans, including all interest and principal received or receivable by the Seller on or with respect to each Subsequent Mortgage Loan after the related Cut-off Date and all interest and principal payments on each Subsequent Mortgage Loan received prior to before such related Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Loan on or before by such related Cut-off Date, and the Depositor simultaneously does hereby sell, transfer, assign, set over and otherwise convey to the Trustee for the benefit of the Certificateholders, without recourse, all the right, title and interest of the Depositor in and to each Subsequent Mortgage Loan, including all interest and principal received or receivable by the Depositor on or with respect to each Subsequent Mortgage Loan after the related Cut-off Date and all interest and principal payments on each Subsequent Mortgage Loan received prior to before such related Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Loan on or before by such related Cut-off Date.

Conveyance of Subsequent Mortgage Loans by the Seller. Subject to the conditions set forth in Section 1.05 and Section 1.06, in consideration of the Trustee's delivery to or upon the order of the Seller of an amount equal to $________ (i.e., an amount not greater than the aggregate Cut-off Date Principal Balance of the Subsequent Mortgage Loans), the Seller does hereby sell, transfer, assign and otherwise convey to the Depositor, without recourse (subject to the Seller's obligations hereunder) all of the Seller's right, title and interest in and to the Subsequent Mortgage Loans, including all interest and principal received or receivable by the Seller on or with respect to each Subsequent Mortgage Loan after the related Cut-off Date and all interest and principal payments on each Subsequent Mortgage Loan received prior to before such related Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Loan on or before by such related Cut-off Date, and the Depositor simultaneously does hereby sell, transfer, assign, set over and otherwise convey to the Trustee for the benefit of the Certificateholders, without recourse, all the right, title and interest of the Depositor in and to each Subsequent Mortgage Loan, including all interest and principal received or receivable by the Depositor on or with respect to each Subsequent Mortgage Loan after the related Cut-off Date and all interest and principal payments on each Subsequent Mortgage Loan received prior to before such related Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Loan on or before by such related Cut-off Date.

Conveyance of Subsequent Mortgage Loans by the Seller. Subject to the conditions set forth in Section 1.05 and Section 1.06, in consideration of the Trustee's delivery to or upon the order of the Seller of an amount equal to $________ 27,026,307.59 (i.e., an amount not greater than the aggregate Cut-off Date Principal Balance of the Subsequent Mortgage Loans), the Seller does hereby sell, transfer, assign and otherwise convey to the Depositor, without recourse (subject to the Seller's obligations hereunder) all of the Seller's right, title and interest in and to the Subsequent Mortgage Loans, including all interest and principal received or receivable by the Seller on or with respect to each Subsequent Mortgage Loan after the related Cut-off Date and all interest and principal payments on each Subsequent Mortgage Loan received prior to before such related Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Loan on or before by such related Cut-off Date, and the Depositor simultaneously does hereby sell, transfer, assign, set over and otherwise convey to the Trustee for the benefit of the Certificateholders, without recourse, all the right, title and interest of the Depositor in and to each Subsequent Mortgage Loan, including all interest and principal received or receivable by the Depositor on or with respect to each Subsequent Mortgage Loan after the related Cut-off Date and all interest and principal payments on each Subsequent Mortgage Loan received prior to before such related Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Loan on or before by such related Cut-off Date.

Conveyance of Subsequent Mortgage Loans by the Seller. Subject to the conditions set forth in Section 1.05 and Section 1.06, in consideration of the Trustee's delivery to or upon the order of the Seller of an amount equal to $[________ ] (i.e., an amount not greater than the aggregate Cut-off Date Principal Balance of the Subsequent Mortgage Loans), the Seller does hereby sell, transfer, assign and otherwise convey to the Depositor, without recourse (subject to the Seller's obligations hereunder) all of the Seller's right, title and interest in and to the Subsequent Mortgage Loans, including all interest and principal received or receivable by the Seller on or with respect to each Subsequent Mortgage Loan after the related Cut-off Date and all interest and principal payments on each Subsequent Mortgage Loan received prior to before such related Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Loan on or before by such related Cut-off Date, and the Depositor simultaneously does hereby sell, transfer, assign, set over and otherwise convey to the Trustee for the benefit of the Certificateholders, without recourse, all the right, title and interest of the Depositor in and to each Subsequent Mortgage Loan, including all interest and principal received or receivable by the Depositor on or with respect to each Subsequent Mortgage Loan after the related Cut-off Date and all interest and principal payments on each Subsequent Mortgage Loan received prior to before such related Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Loan on or before by such related Cut-off Date.

Conveyance of Subsequent Mortgage Loans by the Seller. Subject to the conditions set forth in Section 1.05 and Section 1.06, in consideration of the Trustee's delivery to or upon the order of the Seller of an amount equal to $________ (i.e., the aggregate Cut-off Date Principal Asset Balance of the Subsequent Mortgage Additional Home Equity Loans), the Seller does hereby sell, transfer, assign and otherwise convey to the Depositor, without recourse (subject to the Seller's obligations hereunder) all of the Seller's right, title and interest in and to the Subsequent Mortgage Additional Home Equity Loans, including all interest and principal received or receivable by the Seller on or with respect to each Subsequent Mortgage Additional Home Equity Loan after the related Subsequent Cut-off Date and all interest and principal payments on each Subsequent Mortgage Additional Home Equity Loan received prior to such related Subsequent Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Additional Home Equity Mortgage Loan on or before such related Subsequent Cut-off Date, and the Depositor simultaneously does hereby sell, transfer, assign, set over and otherwise convey to the Owner Trustee for the benefit of the CertificateholdersNoteholders, without recourse, all the right, title and interest of the Depositor in and to each Subsequent Mortgage Additional Home Equity Loan, including all interest and principal received or receivable by the Depositor on or with respect to each Subsequent Mortgage Additional Home Equity Loan after the related Subsequent Cut-off Date and all interest and principal payments on each Subsequent Mortgage Additional Home Equity Loan received prior to such related Subsequent Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Additional Home Equity Loan on or before such related Subsequent Cut-off Date.

Conveyance of Subsequent Mortgage Loans by the Seller. Subject to the conditions set forth in Section 1.05 and Section 1.06, in consideration of the Trustee's delivery to or upon the order of the Seller of an amount equal to $________ (i.e., the aggregate Cut-off Date Principal Asset Balance of the Subsequent Mortgage Additional Home Equity Loans), the Seller does hereby sell, transfer, assign and otherwise convey to the Depositor, without recourse (subject to the Seller's obligations hereunder) all of the Seller's right, title and interest in and to the Subsequent Mortgage Additional Home Equity Loans, including all interest and principal received or receivable by the Seller on or with respect to each Subsequent Mortgage Additional Home Equity Loan after the related Subsequent Cut-off Date and all interest and principal payments on each Subsequent Mortgage Additional Home Equity Loan received prior to such related Subsequent Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Additional Home Equity Mortgage Loan on or before such related Subsequent Cut-off Date, and the Depositor simultaneously does hereby sell, transfer, assign, set over and otherwise convey to the Trustee for the benefit of the Certificateholders, without recourse, all the right, title and interest of the Depositor in and to each Subsequent Mortgage Additional Home Equity Loan, including all interest and principal received or receivable by the Depositor on or with respect to each Subsequent Mortgage Additional Home Equity Loan after the related Subsequent Cut-off Date and all interest and principal payments on each Subsequent Mortgage Additional Home Equity Loan received prior to such related Subsequent Cut-off Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on each Subsequent Mortgage Additional Home Equity Loan on or before such related Subsequent Cut-off Date.