Common use of Payment and Transfer Clause in Contracts

Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ], for the account of CSFB Buyer/PennyMac Loan Services, LLC Seller-Inbound Account, Citibank, ABA No. 021 000 089 or such other account as Buyer shall specify to Seller in writing. Seller acknowledges that it has no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer may reasonably request. All Purchased Mortgage Loans shall be evidenced by an Asset Confirm. Any Repurchase Price received by Buyer after 2:00 p.m. (New York City time) shall be deemed received on the next succeeding Business Day.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Pennymac Financial Services, Inc.), Master Repurchase Agreement (Pennymac Financial Services, Inc.)

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Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ]00000000, for the account of CSFB Buyer/PennyMac Loan Services, LLC Seller-Inbound Account, Citibank, ABA No. 021 000 089 or such other account as Buyer shall specify to Seller in writing. Seller acknowledges that it has no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer may reasonably request. All Purchased Mortgage Loans shall be evidenced by an Asset Confirm. Any Repurchase Price received by Buyer after 2:00 p.m. (New York City time) shall be deemed received on the next succeeding Business Day.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Pennymac Financial Services, Inc.), Master Repurchase Agreement (Pennymac Financial Services, Inc.)

Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ]00000000, for the account of CSFB Buyer/PennyMac Loan Services, LLC Seller-Inbound Corp.-Inbound Account, Citibank, ABA No. 021 000 089 or such other account as Buyer shall specify to Seller in writing. Seller acknowledges that it has no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer may reasonably request. All Purchased Mortgage Loans shall be evidenced by an Asset Confirma Trust Receipt. Any Repurchase Price received by Buyer after 2:00 p.m. (New York City time) shall be deemed received on the next succeeding Business Day.

Appears in 2 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller Sellers hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ]3064-6005, for the account of CSFB Buyer/PennyMac Loan Services, LLC American Home Seller-Inbound Account, Citibank, ABA No. 021 000 089 or such other account as Buyer shall specify to Seller Sellers in writing. Seller acknowledges Sellers acknowledge that it has they have no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans Assets transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer may reasonably request. All Purchased Mortgage Loans Assets shall be evidenced by an Asset Confirma Trust Receipt and Certification. Any Repurchase Price received by Buyer after 2:00 p.m. (New York City time) shall be deemed received on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (American Home Mortgage Investment Corp)

Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ]00000000, for the account of CSFB Buyer/PennyMac Loan Services, LLC SellerExcel-Inbound Account, Citibank, ABA No. 021 000 089 or such other account as Buyer shall specify to Seller in writing. Seller acknowledges that it has no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer may reasonably request. All Purchased Mortgage Loans shall be evidenced by an Asset Confirma Trust Receipt. Any Repurchase Price received by Buyer after 2:00 4:00 p.m. (New York City time) shall be deemed received on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Impac Mortgage Holdings Inc)

Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller Sellers hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ], for the account of CSFB Buyer/PennyMac Loan Services, LLC Seller-Inbound Account, Citibank066213630, ABA No. 021 000 089 000000000, Name of Bank: JPMorgan Chase, Bank City and State: New York, NY, Acct Name: Column Financial, Inc. or such other account as Buyer shall specify to Seller Sellers in writing. Each Seller acknowledges that it has no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans Assets transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer may reasonably request. All Purchased Mortgage Loans Assets shall be evidenced by an Asset Confirma Trust Receipt. Any Repurchase Price received by Buyer after 2:00 p.m. (New York City time) shall be deemed received on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Arbor Realty Trust Inc)

Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off set‑off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ]00000000, for the account of CSFB BuyerCS BUYER/PennyMac Loan Services, LLC Seller-Inbound AccountREVERSE MORTG INBOUND, Citibank, ABA No. 021 000 089 or such other account as Buyer shall specify to Seller in writing. Each Seller Party acknowledges that it has no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans Repurchase Assets transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer may reasonably request. All Purchased Mortgage Loans Repurchase Assets shall be evidenced by an Asset Confirma Trust Receipt or Certificate. Any Repurchase Price received by Buyer after 2:00 p.m. (New York City time) shall be deemed received on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Walter Investment Management Corp)

Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall be made in United States Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ], for the account of CSFB Buyer/PennyMac Loan Services, LLC Seller-Inbound Account, Citibank066213630, ABA No. 021 000 089 000000000, Name of Bank: JPMorgan Chase, Bank City and State: New York, NY, Acct Name: Column Financial, Inc. or such other account as Buyer shall specify to Seller in writing. Seller acknowledges that it has no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans Assets transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer may reasonably request. All Purchased Mortgage Loans Assets shall be evidenced by an Asset Confirma Trust Receipt. Any Repurchase Price received by Buyer after 2:00 4:00 p.m. (New York City time) shall be deemed received on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Care Investment Trust Inc.)

Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ]00000000, for the account of CSFB Buyer/PennyMac Loan Services, LLC SellerExcel Repledge-Inbound Account, Citibank, ABA No. 021 000 089 or such other account as Buyer shall specify to Seller in writing. Seller acknowledges that it has no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer may reasonably request. All Purchased Mortgage Loans shall be evidenced by an Asset Confirma Trust Receipt. Any Repurchase Price received by Buyer after 2:00 4:00 p.m. (New York City time) shall be deemed received on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Impac Mortgage Holdings Inc)

Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ]3074 3796, for the account of CSFB Buyer/PennyMac Loan Services, LLC Chimera Investment Corporation Seller-Inbound Account, Citibank, ABA No. 021 000 089 or such other account as Buyer shall specify to Seller in writing. Seller acknowledges that it has no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer may reasonably request. All Purchased Mortgage Loans shall be evidenced by an Asset Confirma Trust Receipt and Certification. Any Repurchase Price received by Buyer after 2:00 p.m. (New York City time) shall be deemed received on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Chimera Investment Corp)

Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ]3053-5137, for the account of CSFB Buyer/PennyMac Loan Services, LLC Homebanc Seller-Inbound Account, Citibank, ABA No. 021 000 089 or such other account as Buyer shall specify to Seller in writing. Seller acknowledges that it has no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer may reasonably request. All Purchased Mortgage Loans shall be evidenced by an Asset Confirma Trust Receipt and Certification. Any Repurchase Price received by Buyer after 2:00 3:00 p.m. (New York City Eastern time) shall be deemed received on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Homebanc Corp)

Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller Sellers hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ]00000000, for the account of CSFB Buyer/PennyMac Loan ServicesHoldings, LLC Seller-Inbound LLC/PennyMac Operating Partnership, L.P.-Inbound Account, Citibank, ABA No. 021 000 089 or such other account as Buyer shall specify to Seller Sellers in writing. Each Seller acknowledges that it has no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans Assets transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer may reasonably request. All Purchased Mortgage Loans Assets and Contributed Assets shall be evidenced by an Asset Confirma Trust Receipt. Any Repurchase Price received by Buyer after 2:00 p.m. (New York City time) shall be deemed received on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller Sellers hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ]3058-2646, for the account of CSFB Buyer/PennyMac Loan Services, LLC SellerNew Century Sellers-Inbound Account, Citibank, ABA No. 021 000 089 or such other account as Buyer shall specify to Seller Sellers in writing. Each Seller acknowledges that it has no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer may reasonably request. All Purchased Mortgage Loans shall be evidenced by an Asset Confirma Trust Receipt and Certification. Any Repurchase Price received by Buyer after 2:00 4:00 p.m. (New York City time) shall be deemed received on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (New Century Financial Corp)

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Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ]00000000, for the account of CSFB Buyer/PennyMac Loan Services, LLC SellerGreen Tree Servicing LLC-Inbound Account, Citibank, ABA No. 021 000 089 or such other account as Buyer shall specify to Seller in writing. Seller acknowledges that it has no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer may reasonably request. All Purchased Mortgage Loans shall be evidenced by an Asset Confirma Trust Receipt. Any Repurchase Price received by Buyer after 2:00 p.m. (New York City time) shall be deemed received on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Walter Investment Management Corp)

Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ], for the account of CSFB Buyer/PennyMac Loan Services[ ], LLC Seller-Inbound Account, Citibank[BANK], ABA No. 021 000 089 [ ], Attn: [ ] or such other account as Buyer shall specify to Seller in writing. Seller acknowledges that it has no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer may reasonably request. All Purchased Mortgage Loans shall be evidenced by an Asset Confirma Trust Receipt and Certification. Any Repurchase Price received by Buyer after 2:00 p.m. (New York City time) time shall be deemed received on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (United Financial Mortgage Corp)

Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller Sellers hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ]3059 0128, for the account of CSFB Buyer/PennyMac Loan Services, LLC Encore Seller-Inbound Account, Citibank, ABA No. 021 000 089 or such other account as Buyer shall specify to Seller Sellers in writing. Seller acknowledges Sellers acknowledge that it has they have no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer may reasonably request. All Purchased Mortgage Loans shall be evidenced by an Asset Confirma Trust Receipt and Certification. Any Repurchase Price received by Buyer after 2:00 3:00 p.m. (New York City time) shall be deemed received on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (ECC Capital CORP)

Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ]30000000, for the account of CSFB Buyer/PennyMac Loan Services, LLC Seller-Inbound Five Oaks Acquisition Corp.-Inbound Account, Citibank, ABA No. 021 000 089 or such other account as Buyer shall specify to Seller in writing. Seller acknowledges that it has no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer may reasonably request. All Purchased Mortgage Loans shall be evidenced by an Asset Confirma Trust Receipt. Any Repurchase Price received by Buyer after 2:00 4:00 p.m. (New York City time) shall be deemed received on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Five Oaks Investment Corp.)

Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller Sellers hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ]3058 9442, for the account of CSFB Buyer/PennyMac Loan Services, LLC MortgageIT Seller-Inbound Account, Citibank, ABA No. 021 000 089 or such other account as Buyer shall specify to Seller Sellers in writing. Seller acknowledges Sellers acknowledge that it has they have no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer may reasonably request. All Purchased Mortgage Loans shall be evidenced by an Asset Confirma Trust Receipt and Certification. Any Repurchase Price received by Buyer after 2:00 p.m. (New York City time) shall be deemed received on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (MortgageIT Holdings, Inc.)

Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ], for the account of CSFB Buyer/PennyMac Loan ServicesBank of New York, LLC Seller-Inbound Account, Citibank, ABA Account No. 021 000 089 021-000.018, GLA 11569 SER, Attn: Xxxx-Xxxx-Xxxx or such other account as Buyer shall specify to Seller in writing. Seller acknowledges that it has no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer may reasonably request. All Purchased Mortgage Loans shall be evidenced by an Asset Confirma Trust Receipt and Certification. Any Repurchase Price received by Buyer after 2:00 p.m. (New York City time) shall be deemed received on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Staten Island Bancorp Inc)

Payment and Transfer. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at the following account maintained by Buyer: Account No. [ ]00-000-000, for the account of CSFB Buyer/PennyMac Loan Services, LLC Seller-Family Lending Seller - Inbound Account, CitibankDeutsche Bank, ABA No. 021 000 089 001 033 or such other account as Buyer shall specify to Seller in writing. Seller acknowledges that it has no rights of withdrawal from the foregoing account. All Purchased Mortgage Loans transferred by one party hereto to the other party shall be in the case of a purchase by Buyer in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as Buyer the transferee may reasonably request. All Purchased Mortgage Loans shall be evidenced by an Asset Confirma Trust Receipt and Certification. Any Repurchase Price received by Buyer after 2:00 p.m. (New York City time) shall be deemed received on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Standard Pacific Corp /De/)

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