Loan Purchase Agreement. (a) On or prior to the date Contract Services delivers a Loan Schedule to Mortgage Services, Contract Services shall designate, or cause to be designated, Mortgage Services as a designee for the purchase of New Loans and related Loan Assets under the applicable Underwriting/Insurance Agreement.
Loan Purchase Agreement. Section 6.03. Agreement to Sell and Purchase the New Loans; Assignment ofClaims Section 6.04. Loan Purchase Price
Loan Purchase Agreement. The Company shall not enter into the Loan Purchase Agreement contemplated by the Mortgage Loan Letter of Intent (the "Loan Purchase Agreement") without the prior written consent of PennCorp, which shall not be unreasonably withheld. The Company shall not agree to a new Purchase Price Percentage (as defined in the Mortgage Loan Letter of Intent) under the circumstances contemplated by the Mortgage Loan Letter of Intent without the prior written consent of PennCorp, which shall not be unreasonably withheld. The Company shall not agree to any Due Diligence Purchase Price Adjustment (as defined in the Mortgage Loan Letter of Intent) without the prior written consent of PennCorp, which shall not beunreasonably withheld. The Company shall not consent to any modification, amendment or waiver under the Loan Purchase Agreement without the prior written consent of PennCorp. The Company shall perform in all material respects its covenants and agreements under the Loan Purchase Agreement including, without limitation, its agreement to provide Morgan Stanley wixx xxcx xxxxxmation relating to the Loan Portfolio as Morgan Stanley rexxxxxxly xxxxx require.
Loan Purchase Agreement. The transactions contemplated under the Loan Purchase Agreement shall have closed and Buyer shall have otherwise performed or complied in all material ways with all covenants required by the Loan Purchase Agreement to be performed or complied with by it.
Loan Purchase Agreement. If at any time any Lender sells any Loans pursuant Section 1(a) of the Loan Purchase Agreement, the Loans so purchased shall automatically and without any further action cease to be governed by the terms and conditions of this Agreement and shall be governed by and subject to the terms of the Reimbursement and Credit Agreement. The purchaser of such Loans shall not be a “Lender” hereunder and shall have no rights or obligations hereunder.” 2.06 Amendment of Section 7.12. Section 7.12 of the Credit Agreement is hereby amended by deleting it in its entirety and inserting the following in lieu thereof: “Section 7.12
Loan Purchase Agreement. The Company will use its best commercially reasonable efforts, reasonably and in good faith, to include covenants, representations, and warranties covering the following items in its Mortgage Loan purchase agreements with respect to the acquisition of the Pledged Mortgage Loans, and cause such purchase agreements to include, except as disclosed to Bank in writing: (i) standard representations and warranties as to the due organization of the seller and the seller’s authorization to sell the loans; (ii) representations and warranties regarding the mortgage loans being purchased, and the documentation for the same consistent with general commercial standards, but in any event, having representations and warranties consistent with the requirements for Mortgage Loans set forth in this Agreement; (iii) standard remedies for breach of contract; (iv) covenant that the seller will buy back from the Company (or any assignee) any mortgage loan which does not comply with representations and warranties regarding it; and (vi) covenant that the seller will indemnify and hold the Company, and any assignee, harmless against any and all damages which the indemnified party may suffer on account of any mortgage loan which does not meet representations and warranties.
Loan Purchase Agreement. Execute and deliver to Seller the Loan Purchase Agreement, together with all such documents as are contemplated under the Loan Purchase Agreement; and
Loan Purchase Agreement. After giving effect to all changes in the Loan Purchase Agreement made by this Amendment, all conditions precedent in the Loan Purchase Agreement are satisfied.
Loan Purchase Agreement. On the Initial Borrowing Date, The Limited shall have duly authorized executed and delivered the Loan Purchase Agreement in the form of Exhibit J (as amended, modified or supplemented from time to time, the "Loan Purchase Agreement").
Loan Purchase Agreement. The Loan Purchase Agreement, duly executed ----------------------- and delivered by the Seller, New Century Financial, and the Note Issuer; and
