Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Seller, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 257 contracts
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-8xs), Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-8xs), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the SellerCompany, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller Company pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 163 contracts
Samples: Flow Seller’s Warranties and Servicing Agreement (Lehman XS Trust Series 2007-2n), Flow Seller’s Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-3), Servicing Agreement (Structured Asset Securities Corp Trust 2005-6)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the SellerCompany, who is in the business of selling and servicing loans, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller Company pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 142 contracts
Samples: Servicing Agreement, Servicing Agreement, Servicing Agreement (Thornburg Mortgage Securities Trust 2005-4)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are is in the ordinary course of business of the Seller, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 83 contracts
Samples: Mortgage Loan Flow Purchase, Sale & Servicing Agreement, Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Sequoia Mortgage Trust 2013-1), Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Sequoia Mortgage Trust 2012-3)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the SellerCompany, which is in the business of selling and servicing loans, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller Company pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 63 contracts
Samples: Mortgage Loan Purchase and Interim Servicing Agreement (Five Oaks Investment Corp.), Flow Seller’s Warranties and Servicing Agreement (GSR Mortgage Loan Trust 2007-5f), Master Seller’s Warranties and Servicing Agreement (GSR Mortgage Loan Trust 2007-Ar1)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement and the related Purchase Price and Terms Agreement are in the ordinary course of business of the Seller, and the transfer, assignment and conveyance of the Mortgage Notes and Notes, the Mortgages and/or the Servicing Rights by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 19 contracts
Samples: Master Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar), Master Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-10xs), Master Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Seller, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 8 contracts
Samples: Master Mortgage Loan Purchase and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-A4), Master Mortgage Loan Purchase and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Af1), Master Mortgage Loan Purchase and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-Af1)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are is in the ordinary course of business of the Seller, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;.
Appears in 7 contracts
Samples: Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Structured Asset Sec Mort Pass Thru Cert Ser 2002-21a), Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2004-14), Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Structured Asset Securities Corp)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are is in the ordinary course of business of the Seller, and the transfer, assignment and conveyance of the each Mortgage Notes Note and the Mortgages related Mortgage Documents by the Seller pursuant to this Agreement are is not subject to the bulk transfer laws or any similar statutory provisions in effect in any applicable jurisdiction;.
Appears in 6 contracts
Samples: Mortgage Loan Purchase and Sale Agreement (Fieldstone Investment Corp), Mortgage Loan Purchase and Sale Agreement (Technical Olympic Usa Inc), Mortgage Loan Purchase and Sale Agreement (Technical Olympic Usa Inc)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the SellerCompany, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller Company pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;.
Appears in 6 contracts
Samples: Mortgage Loan Repurchase and Servicing Agreement (PHH Corp), Mortgage Loan Repurchase and Servicing Agreement (PHH Corp), Mortgage Loan Purchase and Servicing Agreement (PHH Corp)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the SellerCompany, who is in the business of selling and servicing loans, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller Company pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;.
Appears in 4 contracts
Samples: Flow Sale and Servicing Agreement (Lares Asset Securitization, Inc.), Flow Sale and Servicing Agreement (Luminent Mortgage Trust 2006-7), Flow Sale and Servicing Agreement (Luminent Mortgage Trust 2006-6)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Seller, and the such Trust. The transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller relevant Trust pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He2), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He4), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He4)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Seller, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages Receivables by the Seller Bank pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;.
Appears in 4 contracts
Samples: Purchase and Servicing Agreement (Morgan Stanley Auto Loan Trust 2003-Hb1), Flow Purchase and Servicing Agreement (Morgan Stanley Auto Loan Trust 2004-Hb2), Purchase and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the SellerSeller or the Servicer, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 3 contracts
Samples: Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-6ar), Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-8ar), Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-5ar)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Seller, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 3 contracts
Samples: Sale Agreement (Etrade Mortgage Backed Securities Corp), Mortgage Loan Purchase Agreement (Chevy Chase Preferred Capital Corp), Mortgage Loan Purchase Agreement (Chevy Chase Preferred Capital Corp)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement and the related Purchase Price and Terms Letter are in the ordinary course of business of the SellerSeller and the Servicer, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement and the related Purchase Price and Terms Letter are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-He2), Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Nc3), Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-He5)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Seller, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mortgage Pass THR Certs Ser 2003-Sea), Bulk Continuing Loan Purchase Agreement (Austin Funding Com Corp), Loan Purchase Agreement (Westmark Group Holdings Inc)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Seller, who is in the business of selling and servicing mortgage loans, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 2 contracts
Samples: Mortgage Loan Purchase and Interim Servicing Agreement (Five Oaks Investment Corp.), Mortgage Loan Purchase Agreement (Sequoia Mortgage Trust 2013-1)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the SellerCompany, who is in the business of selling and servicing loans, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller Company and the related Sellers pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 2 contracts
Samples: Flow Sale and Servicing Agreement (ABFC 2006-Opt2 Trust), Flow Sale and Servicing Agreement (ABFC 2006-Opt3 Trust)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the each Seller, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller Sellers pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (GSAMP Trust 2006-He4), Pooling and Servicing Agreement (GSAMP Trust 2006-He5)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Additional Seller, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Additional Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;.
Appears in 2 contracts
Samples: Mortgage Loan Purchase and Servicing Agreement (PHH Corp), Mortgage Loan Purchase and Servicing Agreement (PHH Corp)
Ordinary Course of Business. The consummation of the --------------------------- transactions contemplated by this Agreement are in the ordinary course of business of the Seller, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 2 contracts
Samples: Asset Sale Agreement (Fremont Mortgage Securities Corp), Asset Sale Agreement (National Mortgage Securities Corp)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the SellerCompany, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages Participation Interests by the Seller Company pursuant to this Agreement are is not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;; and
Appears in 1 contract
Samples: Loan Participation Agreement (Wells Fargo Real Estate Investment Corp.)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the SellerCompany, which is in the business of selling loans, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller Company pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Flow Sale and Servicing Agreement (Asset Backed Funding Corp)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the SellerSeller and the Originator, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller or the Originator pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the such Seller, and the . The transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the such Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Certs Ser 2003-He2)
Ordinary Course of Business. The consummation of the --------------------------- transactions contemplated by this Agreement are in the ordinary course of business of the SellerPurchaser, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller Purchaser pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Seller's Warranties and Servicing Agreement (Structured Asset Securities Corporation)
Ordinary Course of Business. The consummation of the --------------------------- transactions contemplated by this Agreement are in the ordinary course of business of the SellerCompany, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller Company pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Seller's Warranties and Servicing Agreement (Structured Asset Securities Corporation)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Seller, who is in the business of originating, acquiring, selling and servicing mortgage loans, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Am1)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the SellerSeller and the Servicer, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-1ar)
Ordinary Course of Business. The consummation of the transactions --------------------------- contemplated by this Agreement are in the ordinary course of business of the SellerCompany, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller Company pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Seller's Warranties Agreement (Preferred Credit Corp)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the such Seller, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the such Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Seller, who is in the business of selling loans, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mortgage Pass THR Certs Ser 2003-Sea)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are is in the ordinary course of business of the Seller, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;.
Appears in 1 contract
Samples: Mortgage Loan Purchase and Sale Agreement (Commercial Mortgage Acceptance Corp)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Seller, who is in the business of selling and servicing loans, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Mortgage Loan Purchase and Warranties Agreement (ABFC 2006-Opt1 Trust)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are is in the ordinary course of business of the Seller, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages Servicing Rights by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar in violation of statutory provisions in effect in any applicable jurisdiction;.
Appears in 1 contract
Ordinary Course of Business. The consummation of the transactions --------------------------- contemplated by this Agreement are in the ordinary course of business of the Seller, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Asset Sale Agreement (Southpoint Residential Mortgage Securities Corp)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the SellerCompany, who is in the business of selling and servicing loans, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller Company pursuant to this Agreement are not subject Subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Servicing Agreement (Thornburg Mortgage Securities Trust 2005-4)
Ordinary Course of Business. The consummation of the ---------------------------- transactions contemplated by this Agreement are in the ordinary course of business of the SellerCompany, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller Company pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Mortgage Loan Sale, Warranties and Servicing Agreement (Structured Asset Securities Corporation)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are is in the ordinary course of business of the Seller, and the transfer, assignment and conveyance sale of the Mortgage Notes and the Mortgages Participation Interest by the Seller pursuant to this Agreement are is not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Participation and Servicing Agreement (Check Mart of New Mexico Inc)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the SellerParticipant, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement Participant are not subject to the bulk transfer Laws or any similar statutory provisions in effect in any applicable jurisdiction;provisions.
Appears in 1 contract
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the SellerPurchaser, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller Purchaser pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the SellerCompany, who is in the business of acquiring and selling mortgage loans, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller Company pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (SunTrust Acquisition Closed-End Seconds Trust, Series 2007-1)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Seller, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;.
Appears in 1 contract
Samples: Mortgage Loan Purchase and Warranties Agreement (Flagstar Capital Corp)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Seller_____, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller _____ pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the SellerCompany, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages being sold by the Seller Company pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Certs Ser 2003-He2)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the SellerCompany, who is in the business of originating, acquiring, selling and servicing mortgage loans, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller Company pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Mortgage Loan Flow Purchase, Sale and Servicing Agreement (SunTrust Real Estate Trust, LLC)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are is in the ordinary course of business of Seller and is not a sale of all or substantially all of the assets of Seller, and the . The transfer, assignment and conveyance of the Mortgage Notes and the Mortgages Servicing Rights by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction, the laws of which apply to such transfer, assignment and conveyance;
Appears in 1 contract
Samples: Servicing Rights Purchase and Sale Agreement (Commercial Federal Corp)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Sellerits business, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Master Servicing and Trust Agreement (GSAA Home Equity Trust 2006-16)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of it and its affiliates, which are in the Sellerbusiness of originating, acquiring, selling and servicing mortgage loans, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller it pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Master Bulk Sale and Servicing Agreement (Banc of America Funding Corp)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the SellerCompany, who is in the business of selling loans, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller Company pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Mortgage Loan Sale and Servicing Agreement (Banc of America Funding 2006-H Trust)
Ordinary Course of Business. The consummation of the transactions contemplated by this Agreement and the Interim Servicing Agreement are in the ordinary course of business of the Seller, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Appears in 1 contract
Samples: Flow Mortgage Loan Purchase and Warranties Agreement (GSAA Home Equity Trust 2006-2)
Ordinary Course of Business. The consummation of the --------------------------- transactions contemplated by this Agreement are in the ordinary course of business of the Seller, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;.
Appears in 1 contract
Samples: Continuing Loan Purchase Agreement (United Panam Financial Corp)
