Minimum Purchase Price. (a) On the Purchase Date, Program Lender shall assign and convey all Seasoned Loans originated by Program Lender included in the Pool to FMC, or a Purchaser Trust, in consideration of receipt of the Minimum Purchase Price therefor. For purposes of this Agreement the term "Minimum Purchase Price" shall mean the sum of the consideration outlined in this Section 2.04(a) and 2.04(b). With respect to all Bank of America Conforming Loans that are not Bank of America XXXX ISLP Program Loans, Minimum Purchase Price shall mean the sum of:
Appears in 3 contracts
Samples: Program Agreements, Second Amendment to Program Agreements (First Marblehead Corp), Program Agreements (First Marblehead Corp)
Minimum Purchase Price. (a) On the Purchase Date, Program Lender shall assign and convey all Seasoned Loans originated by Program Lender included in the Pool to FMC, or a Purchaser Trust, in consideration of receipt of the Minimum Purchase Price therefor. For purposes of this Agreement the term "Minimum Purchase Price" shall mean the sum of the consideration outlined in this Section 2.04(a) and 2.04(b). With respect to all Bank of America Conforming Loans that are not Bank of America XXXX ISLP Program Loans, Minimum Purchase Price shall mean the sum of:
Appears in 1 contract
Samples: Program Agreements
