Common use of Conveyance of the Underlying Securities Clause in Contracts

Conveyance of the Underlying Securities. The Sponsor hereby agrees to transfer, assign, set over and otherwise convey to the Depositor, on October 24, 2007 (the “Closing Date”), all the right, title and interest of the Sponsor in and to the Underlying Securities identified on Schedule A attached hereto, and the Depositor agrees to pay to the Sponsor the purchase price of 100% of the principal balance thereof. On the Closing Date, the Sponsor shall cause the Underlying Securities to be transferred to the Grantor Trust Trustee, as grantor trust trustee on behalf of Grantor Trust Certificateholders (as defined in the Grantor Trust Agreement).

Appears in 2 contracts

Samples: Purchase Agreement (Bear Stearns Structured Products Inc. Trust 2007-R3), Purchase Agreement (Bear Stearns Structured Products Inc. Trust 2007-R3)

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Conveyance of the Underlying Securities. The Sponsor hereby agrees to transfer, assign, set over and otherwise convey to the Depositor, on October 24August 31, 2007 (the "Closing Date"), all the right, title and interest of the Sponsor in and to the Underlying Securities identified on Schedule A attached hereto, and the Depositor agrees to pay to the Sponsor the purchase price of 100% of the principal balance thereof. On the Closing Date, the Sponsor shall cause the Underlying Securities to be transferred to the Grantor Trust Trustee, as grantor trust trustee on behalf of Grantor Trust Certificateholders (as defined in the Grantor Trust Agreement).

Appears in 1 contract

Samples: Purchase Agreement (Morgan Stanley Structured Trust I 2007-1)

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Conveyance of the Underlying Securities. The Sponsor hereby agrees to transfer, assign, set over and otherwise convey to the Depositor, on October 24, 2007 (the "Closing Date"), all the right, title and interest of the Sponsor in and to the Underlying Securities identified on Schedule A attached hereto, and the Depositor agrees to pay to the Sponsor the purchase price of 100% of the principal balance thereof. On the Closing Date, the Sponsor shall cause the Underlying Securities to be transferred to the Grantor Trust Trustee, as grantor trust trustee on behalf of Grantor Trust Certificateholders (as defined in the Grantor Trust Agreement).

Appears in 1 contract

Samples: Purchase Agreement (Bear Stearns Structured Products Inc. Trust 2007-R3)

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