Payment of Purchase Price for the Mortgage Loans. (a) In consideration of the sale of the Initial Mortgage Loans from each of the Sellers to the Purchaser on the Closing Date, the Purchaser agrees to transfer to the applicable Seller on the Closing Date the purchase price for the applicable Initial Mortgage Loans provided in the Adoption Annex attached as Annex 1 to this Agreement (the "Adoption Annex").
Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date (the "Purchase Price") by transfer of (i) immediately available funds in an amount equal to $247,393,872.71 and (ii) a 4.78% percentage interest in the Class C Certificates, the Class P Certificates and the Class R Certificates (collectively the "Option One Certificates") which Option One Certificates shall be registered in the name of Option One Mortgage Securities Corp. The Originator shall pay, and be billed directly for, all expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus relating to the Certificates, blue sky registration fees and expenses, fees and expenses of Purchaser's counsel, fees of the Rating Agencies requested to rate the Certificates, accountant's fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any.
Payment of Purchase Price for the Mortgage Loans. (a) In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to transfer to the Seller on the Closing Date the purchase price for the Mortgage Loans provided in the Adoption Annex.
Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date by transfer of immediately available funds, an amount equal to $490,096,740.94 (which amount includes accrued interest) (the “Purchase Price”). The Seller shall pay, and be billed directly for, all reasonable expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the Prospectus Supplement and the Private Placement Memorandum relating to the Certificates, fees and expenses of Purchaser’s counsel, fees of the rating agencies requested to rate the Certificates, accountant’s fees and expenses and other out-of-pocket costs, if any.
Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date by transfer of immediately available funds, as directed by the Seller, an amount equal to $375,592,893 in respect of the Mortgage Loans (the "Purchase Price"), net of an expense reimbursement amount of $181,000 (the "Expense Reimbursement Amount"), and to transfer to the Seller or its designee on the Closing Date, (i) a portion of the Class B-2 Certificates and (ii) the Class B-3, the Class B-4, the Class X, the Class N, and the Residual Certificates (collectively, the "Private Certificates"). The Expense Reimbursement Amount shall reimburse the Purchaser for the Purchaser's Securities and Exchange Commission registration statement fees and the Purchaser's registration statement administration fees allocable to the Trust. The Seller shall pay, and be billed directly for, all expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus relating to the Certificates, blue sky registration fees and expenses, fees and reasonable expenses of Purchaser's counsel, fees of the rating agencies requested to rate the Certificates, accountant's fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any. If the Purchaser shall determine that the Expense Reimbursement Amount is not sufficient to reimburse the Purchaser for all expenses incurred by it that are subject to reimbursement by the Seller hereunder as described above, the Seller shall promptly reimburse the Purchaser for such additional amounts upon written notice by the Purchaser to the Seller.
Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date (the “Purchase Price”) by transfer of (i) immediately available funds in an amount equal to the net sale proceeds of the Adjustable-Rate Certificates and the Residual Certificates, (ii) the Class C Certificates and the Class P Certificates (collectively the “Retained Certificates”) which Retained Certificates shall be registered in the name of Greenwich Capital Financial Products, Inc. or its designee and (iii) any investment income earned on amounts on deposit in the Pre-Funding Accounts. The Seller shall pay, and be billed directly for, all expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus relating to the Certificates, blue sky registration fees and expenses, fees and expenses of Purchaser’s counsel, fees of the rating agencies requested to rate the Certificates, accountant’s fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any.
Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees (i) to pay to the Seller on the Closing Date by transfer of immediately available funds, as directed by the Seller, an amount equal to $[__________] and (ii) deliver to or at the direction of the Seller on the Closing Date, the Class CE, Class P and Class R Certificates, in respect of the Mortgage Loans (collectively, the "Purchase Price"). The Seller shall pay, and be billed directly for, all reasonable expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus relating to the Certificates, blue sky registration fees and expenses, fees and reasonable expenses of Purchaser's counsel, fees of the rating agencies requested to rate the Certificates, accountant's fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any.
Payment of Purchase Price for the Mortgage Loans. (a) In consideration of the sale of the Mortgage Loans from each Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay each Seller on the Closing Date by transfer of (i) immediately available funds in the amount set forth below and (ii) a percentage interest, as specified below, in the Class C Certificates, the Class P Certificates and the Residual Certificates (collectively, the “Retained Certificates”) which such Certificates shall be registered in the name of the applicable Seller or a designee. Seller Cash Consideration Percentage Interest in Retained Certificates Originator $ 0.00 0 % Obligor $ 113,869,407.43 14.23 % 2001-1A $ 22,419,443.66 2.80 % 2001-2 $ 202,270,184.52 25.28 % 2002-3 $ 64,798,086.05 8.10 % 2003-4 $ 16,307,283.71 2.04 % 2003-5 $ 103,001,039.70 12.88 % 2005-6 $ 114,131,510.58 14.27 % 2005-7 $ 63,885,134.50 7.99 % 2005-8 $ 66,706,812.10 8.34 % 2005-9 $ 4,646,719.44 0.58 % 2007-5A $ 27,964,469.84 3.50 %
Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date (the "Purchase Price") by transfer of (i) immediately available funds in an amount equal to the net sale proceeds of the Class A Certificates, the Mezzanine Certificates, the Class B-1 Certificates and the Class B-2 Certificates; and (ii) the Class C Certificates, the Class P Certificates, the Class R Certificates and the Class R-X Certificates (together, the "Retained Certificates"). The Seller shall pay, and be billed directly for, all expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus (the "Base Prospectus") and prospectus supplement (the "Prospectus Supplement" and, together with the Base Prospectus, the "Prospectus") relating to the Class A Certificates and the Mezzanine Certificates, blue sky registration fees and expenses, fees and expenses of Purchaser's counsel, fees of the rating agencies requested to rate the Class A Certificates and the Mezzanine Certificates, accountant's fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any.
Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date (the "Mortgage Loan Purchase Price") by transfer of (i) immediately available funds in an amount equal to $33,599,728.54 and (ii) a 3.37% percentage interest in the Class C Certificates, the Class P Certificates and the Residual Certificates (collectively the "Option One Certificates") which Option One Certificates shall be registered in the name of Option One Mortgage Corporation or a designee of the Seller. The Seller has purchased Cap Contracts on behalf of itself and Option One Owner Trust 2001-1A, Option One Owner Trust 2001-1B, Option One Owner Trust 2001-2, Option One Owner Trust 2003-4, Option Owner Trust 2002-3 and Option One Owner Trust 2003-5 (the "Trust Sellers") in consideration of a distribution by dividend of net cash proceeds and the respective portions of retained Certificates (1) by the Trust Sellers to Option One Loan Warehouse Corporation ("Loan Warehouse Corporation") pursuant to (i) three Sale and Servicing Agreements, each dated April 1, 2001, among the Seller, Loan Warehouse Corporation, Xxxxx Fargo Bank, N.A (formerly known as Xxxxx Fargo Bank Minnesota, National Association). and those respective Trust Sellers, (ii) the Sale and Servicing Agreement, dated July 2, 2002, among the Seller, Loan Warehouse Corporation, Xxxxx Fargo Bank, N.A. (formerly known as Xxxxx Fargo Bank Minnesota, National Association) and Option One Owner Trust 2002-3, (iii) the Sale and Servicing Agreement, dated August 8, 2003, among the Seller, Loan Warehouse Corporation, Xxxxx Fargo Bank, N.A. (formerly known as Xxxxx Fargo Bank Minnesota, National Association) and Option One Owner Trust 2003-4, (iv) the Sale and Servicing Agreement, dated November 1, 2003, among the Seller, Loan Warehouse Corporation, Xxxxx Fargo Bank, N.A. (formerly known as Xxxxx Fargo Bank Minnesota, National Association) and Option One Owner Trust 2003-5, (v) three Trust Agreements, each dated April 1, 2002, between Loan Warehouse Corporation and Wilmington Trust Company pursuant to which those respective Trust Sellers were formed, (vi) the Trust Agreement, dated July 2, 2002, between Loan Warehouse Corporation and Wilmington Trust Company to which Option One Owner Trust 2002-3 was formed, (vii) the Trust Agreement, dated August 8, 2003, between Loan Warehouse Corporation and Wilmington Trust Company to which Option One O...
