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

Conveyance of the Subsequent Mortgage Loans. The Trustee shall distribute funds from the Pre-Funding Account for the purchase of the Subsequent Mortgage Loans upon the satisfaction of the conditions set forth in Section 2.02 of the Purchase Agreement. The Sponsor shall deliver a Mortgage File (as described in Section 2.01) with respect to such Subsequent Mortgage Loans.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (NovaStar Certificates Financing CORP), Pooling and Servicing Agreement (NovaStar Certificates Financing CORP), Pooling and Servicing Agreement (NovaStar Certificates Financing CORP)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.