Common use of Conveyance of the Initial Home Loans Clause in Contracts

Conveyance of the Initial Home Loans. (a) As of the Closing Date, in consideration of the Issuer's delivery of the Notes, Certificates and Residual Interest Instruments to the Seller or its designee, upon the order of the Seller, the Seller, as of the Closing Date and concurrently with the execution and delivery hereof, does hereby sell, transfer, assign, set over and otherwise convey to the Issuer, without recourse, but subject to the other terms and provisions of this Agreement, all of the right, title and interest of the Seller in and to the Trust Estate. The foregoing sale, transfer, assignment, set over and conveyance does not and is not intended to result in a creation or an assumption by the Issuer of any obligation of the Seller, the Transferor or any other person in connection with the Trust Estate or under any agreement or instrument relating thereto except as specifically set forth herein.

Conveyance of the Initial Home Loans. (a) As of the ------------------------------------ Closing Date, in consideration of the Issuer's delivery of the Notes, Certificates Notes and the Residual Interest Instruments Certificate to the Seller or its designee, upon the order of the Seller, the Seller, as of the Closing Date and concurrently with the execution and delivery hereof, does hereby sell, transfer, assign, set over and otherwise convey to the Issuer, without recourse, but subject to the other terms and provisions of this Agreement, all of the right, title and interest of the Seller in and to the Trust Estate. The foregoing sale, transfer, assignment, set over and conveyance does not and is not intended to result in a creation or an assumption by the Issuer of any obligation of the Seller, the Transferor or any other person Person in connection with the Trust Estate or under any agreement or instrument relating thereto except as specifically set forth herein.

Conveyance of the Initial Home Loans. (a) As of the ------------------------------------ Closing Date, in consideration of the Issuer's delivery of the Notes, Certificates and Residual Interest Instruments to the Seller or its designee, upon the order of the Seller, the Seller, as of the Closing Date and concurrently with the execution and delivery hereof, does hereby sell, transfer, assign, set over and otherwise convey to the Issuer, without recourse, but subject to the other terms and provisions of this Agreement, all of the right, title and interest of the Seller in and to the Trust Estate. The foregoing sale, transfer, assignment, set over and conveyance does not and is not intended to result in a creation or an assumption by the Issuer of any obligation of the Seller, the Transferor or any other person Person in connection with the Trust Estate or under any agreement or instrument relating thereto except as specifically set forth herein.