HYPOTHECATION OR PLEDGE OF PURCHASED ASSETS. Title to all Purchased Assets and Purchased Items shall pass to Buyer and Buyer shall have free and unrestricted use of all Purchased Assets and Purchased Items. Nothing in this Agreement shall preclude Buyer from engaging in repurchase transactions with the Purchased Assets and Purchased Items or otherwise pledging, repledging, transferring, hypothecating, or rehypothecating the Purchased Assets and Purchased Items, all on terms that Buyer may determine in its sole discretion. Nothing contained in this Agreement shall obligate Buyer to segregate any Purchased Assets and Purchased Items delivered to Buyer by Seller.
Appears in 9 contracts
Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (American Home Mortgage Investment Corp)
HYPOTHECATION OR PLEDGE OF PURCHASED ASSETS. Title to all Purchased Assets and Purchased Items shall pass to Buyer the Purchaser, and Buyer the Purchaser shall have free and unrestricted use of all Purchased Assets and Purchased Items. Nothing in this Agreement shall preclude Buyer the Purchaser from engaging in repurchase transactions with the Purchased Assets and Purchased Items or otherwise pledging, repledging, transferring, hypothecating, or rehypothecating the Purchased Assets and Purchased Items, all on terms that Buyer the Purchaser may determine in its sole discretion. Nothing contained in this Agreement shall obligate Buyer the Purchaser to segregate any Purchased Assets and Purchased Items delivered to Buyer the Purchaser by the Seller.
Appears in 2 contracts
Samples: Loan Purchase and Repurchase Agreement (Arbor Realty Trust Inc), Loan Purchase and Repurchase Agreement (Arbor Realty Trust Inc)
HYPOTHECATION OR PLEDGE OF PURCHASED ASSETS. Title to all Purchased Assets and Purchased Items shall pass to Buyer and Buyer shall have free and unrestricted use of all Purchased Assets and Purchased Items. Nothing in this Agreement shall preclude Buyer from engaging in repurchase transactions with the Purchased Assets and Purchased Items or otherwise pledging, repledging, transferring, hypothecating, or rehypothecating the Purchased Assets and Purchased Items, all on terms that Buyer may determine in its sole discretion; provided, that Buyer shall remain obligated to resell the Purchased Assets to Seller as provided herein. Nothing contained in this Agreement shall obligate Buyer to segregate any Purchased Assets and Purchased Items delivered to Buyer by Seller.
Appears in 1 contract
Samples: Master Repurchase Agreement (Oak Street Financial Services Inc)
HYPOTHECATION OR PLEDGE OF PURCHASED ASSETS. Title to all Purchased Assets and Purchased Items shall pass to Buyer and Buyer shall have free and unrestricted use of all Purchased Assets and Purchased Items. Nothing in this Agreement shall preclude Buyer from engaging in repurchase transactions with the Purchased Assets and Purchased Items or otherwise pledging, repledging, transferring, hypothecating, or rehypothecating the Purchased Assets and Purchased Items, all on terms that Buyer may determine in its sole discretion. Nothing contained in this Agreement shall obligate Buyer to segregate any Purchased Assets and or Purchased Items delivered to Buyer by Seller.
Appears in 1 contract
Samples: Master Repurchase Agreement (New Century Financial Corp)
HYPOTHECATION OR PLEDGE OF PURCHASED ASSETS. Title to all Purchased Assets and Purchased Items shall pass to the Buyer and the Buyer shall have free and unrestricted use of all Purchased Assets and Purchased Items. Nothing in this Agreement shall preclude the Buyer from engaging in repurchase transactions with the Purchased Assets and Purchased Items or otherwise pledging, repledging, transferring, hypothecating, or rehypothecating the Purchased Assets and Purchased Items, all on terms that the Buyer may determine in its sole discretion. Nothing contained in this Agreement shall obligate the Buyer to segregate any Purchased Assets and Purchased Items delivered to the Buyer by the Seller.
Appears in 1 contract
Samples: Master Repurchase Agreement (New Century Financial Corp)
HYPOTHECATION OR PLEDGE OF PURCHASED ASSETS. Title to all Purchased Assets and Purchased Items shall pass to Buyer and Buyer shall have free and unrestricted use of all Purchased Assets and Purchased Items. Nothing in this Agreement shall preclude Buyer from engaging in repurchase transactions with the Purchased Assets and Purchased Items or otherwise pledging, repledging, transferring, hypothecating, or rehypothecating the Purchased Assets and Purchased Items, all on terms that Buyer may determine in its sole discretion, but no such transaction shall relieve Buyer of its obligations to transfer Purchased Assets and Purchased Items to Seller pursuant to Section 3(l). Nothing contained in this Agreement shall obligate Buyer to segregate any Purchased Assets and Purchased Items delivered to Buyer by Seller.
Appears in 1 contract
