Common use of Obligations of the Seller Upon Sale Clause in Contracts

Obligations of the Seller Upon Sale. (a) In connection with the transfer pursuant to Section 2.1 hereof, the Seller further agrees, at its own expense, on or prior to the Closing Date with respect to each Contract, (a) to indicate in its books and records that the Contracts have been sold to the Purchaser or to the Issuer, as assignee of the Purchaser, pursuant to this Agreement and (b) to deliver to the Purchaser an electronic file containing a true and complete list of all such Contracts specifying for each such Contract, as of the related Cut-off Date: (i) its account number and (ii) the Cut-off Date Principal Balance and such other information specified in the definition of "List of Contracts" in the Indenture. Such electronic file, which forms a part of Exhibit B to the Indenture shall also be marked as Schedule I to this Agreement and is hereby incorporated into and made a part of this Agreement.

Obligations of the Seller Upon Sale. (a) In connection with the transfer pursuant to Section 2.1 hereof, the Seller further agrees, at its own expense, on or prior to the Closing Date with respect to each ContractAsset, (a) to indicate in its books and records that the Contracts Assets have been sold to the Purchaser or to the Issuer, as assignee of the Purchaser, pursuant to this Agreement and (b) to deliver to the Purchaser an electronic file containing a true and complete list of all such Contracts Assets specifying for each such ContractAsset, as of the related Cut-off Date: (i) its account number and (ii) the Cut-off Date Principal Balance and such other information specified in the definition of "List of Contracts" or of "Mortgage Loan Schedule," as applicable, in the [Indenture] [Pooling and Servicing Agreement]. Such electronic file, which forms a part of Exhibit B to the Indenture file shall also be marked as Schedule I to this Agreement and is hereby incorporated into and made a part of this Agreement.