Common use of Payment of Purchase Price for the Mortgage Loans Clause in Contracts

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.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ffh3), Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ffh3), Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2006-Ff8)

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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 Class A Certificates and the Residual Certificates, Mezzanine Certificates and (ii) the Class C Certificates, the Class P Certificates, the Class R Certificates and the Class P Certificates Dividend Account Certificate (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 Accountsdesignee. 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 's counsel, fees of the rating agencies requested to rate the Certificates, accountant’s 's fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp First Franklin Mort Ln Tr 03 Ff1), Pooling and Servicing Agreement (Financial Asset Secs Corp First Franklin Mort Ln Tr 2002-Ff4), Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2003-Ff2)

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 's counsel, fees of the rating agencies requested to rate the Certificates, accountant’s 's fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2004-Ffh4), Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ff4)

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 Class A Certificates, the Mezzanine Certificates, the Class R Certificates and the Residual Certificates, Class B Certificates and (ii) the Class C Certificates and Certificates, 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 Accountsdesignee. 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 's counsel, fees of the rating agencies requested to rate the Certificates, accountant’s 's fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2004-Ff2), Pooling and Servicing Agreement (Financial Asset Sec Corp First Frank Mort Loan Tr 2004-Ffh1)

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 Class A Certificates, the Mezzanine Certificates and the Residual Certificates, Class R Certificates and (ii) the Class C Certificates and Certificates, the Class P Certificates and the Dividend Account Certificate (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 Accountsdesignee. 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 's counsel, fees of the rating agencies requested to rate the Certificates, accountant’s 's fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Financial Asset Secs Corp Asset Backed Cert Sers 2003 Ff5), Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2003-Ff4)

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 Class A Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates and the Residual Certificates, Class S Certificates and (ii) the Class C Certificates, the Class P Certificates and the Class P R Certificates (collectively the “Retained "Option One Certificates") which Retained Option One 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. Option One Mortgage Securities Corp. The Seller 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 's counsel, fees of the rating agencies requested to rate the Certificates, accountant’s 's fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Option One Mort Accept Corp Asset Backed Cert Series 2000-3), Pooling and Servicing Agreement (Option One Mort Accept Corp Asset Backed Cert Series 2000-3)

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 Class A Certificates, the Mezzanine Certificates, the Residual Certificates and the Residual Certificates, Class B Certificates and (ii) the Class C Certificates and Certificates, 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 Accountsdesignee. 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 's counsel, fees of the rating agencies requested to rate the Certificates, accountant’s 's fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2004-Ff5)

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 Class A Certificates, the Mezzanine Certificates, the Class Residual Certificates and the Residual Certificates, Class B Certificates and (ii) the Class C Certificates and Certificates, 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 Accountsdesignee. 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 's counsel, fees of the rating agencies requested to rate the Certificates, accountant’s 's fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2004-Ffh2)

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 Class AF Certificates, (ii) the Class C AV Certificates, the Class M-1 Certificates, the Class M-2 Certificates and the Class M-3 Certificates and (ii) transfer of the Class C Certificates, the Class P Certificates, and the Class R Certificates (collectively the “Retained "GCFP Certificates”) "), which Retained GCFP Certificates shall be registered in the name of Greenwich Capital Financial ProductsMarkets, 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 's counsel, fees of the rating agencies requested to rate the Certificates, accountant’s 's fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Finan as Sec Cp SDVW Hm Eq Ln Tr 2001-2 as Bk Cer Ser 2001-2)

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 $3,029,821.47 and the Residual Certificates, (ii) a 0.50% percentage interest in the Class C Certificates, the Class P Certificates and the Class P R Certificates (collectively the “Retained "Option One Certificates") which Retained Option One 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. Option One Mortgage Securities Corp. 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 's counsel, fees of the rating agencies Rating Agencies requested to rate the Certificates, accountant’s 's fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mortgage Accept Corp Asset-Backed Cert Se 2002-6)

Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans originated by Mortgage Lenders Network USA 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 a portion of the net sale proceeds of the Adjustable-Floating Rate Certificates and the Residual Certificates, Certificates and (ii) a certain percentage of 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 Accountsdesignee. 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Soundview Home Loan Trust 2007-1)

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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 Class A Certificates, the Class M-1 Certificates, the Class M-2 Certificates and the Residual Certificates, Class M-3 Certificates and (ii) the Class C Certificates, the Class P Certificates and the Class P R Certificates (collectively the “Retained "Option One Certificates") which Retained Option One 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. Option One Mortgage Securities Corp. 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 's counsel, fees of the rating agencies requested to rate the Certificates, accountant’s 's fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mortgage Acceptance Corp Ass Back Cert Ser 2000 4)

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 Class A Certificates, the Class M-1 Certificates and the Residual Certificates, Class M-2 Certificates and (ii) the Class C Certificates, the Class P Certificates, the Class R Certificates and the Class P Certificates Dividend Account Certificate (collectively the “Retained "Option One Certificates") which Retained Option One Certificates shall be registered in the name of Greenwich Capital Financial Products, Inc. Option One Mortgage Securities Corp. or its designee and (iii) any investment income earned on amounts on deposit in the Pre-Funding Accountsdesignee. The Seller Option One 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 's counsel, fees of the rating agencies requested to rate the Certificates, accountant’s 's fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp First Franklin Mort Ln Tr 2000 Ff1)

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 Class A Certificates, the Mezzanine Certificates, the Class R Certificates and the Residual Certificates, Class B Certificates and (ii) the Class C Certificates and Certificates, the Class P Certificates and the Dividend Account Certificate (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 Accountsdesignee. 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 's counsel, fees of the rating agencies requested to rate the Certificates, accountant’s 's fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp Asset Back Certs Ser 2003 Ffh2)

Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans originated by Mortgage Lenders Network USA 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 a portion of the net sale proceeds of the Adjustable-Floating Rate Certificates and the Residual Certificates, Certificates and (ii) a certain percentage of the Class C Certificates, the Class P Certificates and the Class P FL 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 Accountsdesignee. 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Soundview Home Loan Trust 2007-1)

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-Floating 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Soundview Home Loan Trust 2005-4, Asset-Backed Certificates, Series 2005-4)

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 Class A Certificates, the Mezzanine Certificates and the Residual Certificates, Class S Certificates and (ii) the Class C Certificates, the Class P Certificates, the Class X Certificates and the Class P R 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 Accountsdesignee. 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 's counsel, fees of the rating agencies requested to rate the Certificates, accountant’s 's fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2003-FFC)

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 Class A Certificates, the Mezzanine Certificates, the Class R Certificates and the Residual Certificates, Class B-1 Certificates and (ii) the Class C Certificates and Certificates, the Class P Certificates and the Dividend Account Certificate (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 Accountsdesignee. 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 's counsel, fees of the rating agencies requested to rate the Certificates, accountant’s 's fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp Asset Backed Cert Ser 2003 Ffh1)

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