Common use of Initiation; Confirmation Clause in Contracts

Initiation; Confirmation. (i) Each Seller shall deliver a Transaction Request to the Buyer on or prior to 2:00 p.m. on the date one (1) Business Day prior to entering into any Transaction. Such Transaction Request shall include a Mortgage Loan Schedule with respect to the Mortgage Loans to be sold in such requested Transaction. The Buyer shall confirm the terms of each Transaction by issuing a written confirmation to the related Seller promptly after the parties enter into such Transaction in the form of Exhibit I attached hereto (a "Confirmation"). Such Confirmation shall set forth (A) the Purchase Date, (B) the Purchase Price, (C) the Repurchase Date, (D) the Pricing Rate applicable to the Transaction, (E) the applicable Purchase Price Percentages, (F) the LIBOR Period and (G) additional terms or conditions not inconsistent with this Repurchase Agreement.

Initiation; Confirmation. (i) Each The Seller shall deliver a Transaction Request to the Buyer on or prior to 2:00 p.m. 12:00 Noon on the date one (1) Business Day prior to entering into any Transaction. Such Transaction Request shall include a Mortgage Loan Schedule with respect to the Mortgage MH Loans to be sold in such requested Transaction. The Buyer shall confirm the terms of each Transaction by issuing a written confirmation to the related Seller promptly after the parties enter into such Transaction in the form of Exhibit I attached hereto (a "Confirmation"). Such Confirmation shall set forth (A) the Purchase Date, (B) the Purchase Price, (C) the Repurchase Date, (D) the Pricing Rate applicable to the Transaction, (E) the applicable Purchase Price Percentages, (F) the LIBOR Period and (G) additional terms or conditions not inconsistent with this Repurchase Agreement.

Initiation; Confirmation. (i) Each The Seller shall deliver a Transaction Request to the Buyer on or prior to 2:00 p.m. 10:00 a.m. on the date one (1) Business Day prior to entering into any Transaction. Such Transaction Request shall include a Mortgage Loan Schedule with respect to the Mortgage Loans to be sold in such requested Transaction. The Buyer shall confirm the terms of each Transaction by issuing a written confirmation to the related Seller promptly after the parties enter into such Transaction in the form of Exhibit I attached hereto (a "“Confirmation"”). Such Confirmation shall set forth (A) the Purchase Date, (B) the Purchase Price, (C) the Repurchase Date, (D) the Pricing Rate applicable to the Transaction, (E) the applicable Purchase Price Percentages, (F) the LIBOR Period and (G) additional terms or conditions not inconsistent with this Repurchase Agreement.

Initiation; Confirmation. (i) Each Seller shall deliver a Transaction Request to the Buyer on or prior to 2:00 p.m. on the date one (1) Business Day prior to entering into any Transaction. Such Transaction Request shall include a Mortgage Loan Asset Schedule with respect to the Mortgage Loans to be sold in such requested Transaction. The Buyer shall confirm the terms of each Transaction by issuing a written confirmation to the related Seller promptly after the parties enter into such Transaction in the form of Exhibit I attached hereto (a "“Confirmation"”). Such Confirmation shall set forth (A) the Purchase Date, (B) the Purchase Price, (C) the Repurchase Date, (D) the Pricing Rate applicable to the Transaction, (E) the applicable Purchase Price Percentages, (F) the LIBOR Period and (G) additional terms or conditions not inconsistent with this Repurchase Agreement.