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

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 %

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-Cp1), Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-Cp1)

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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 27,827,967.25 2.53% 2001-1A $ 22,419,443.66 2.80 121,911,823.59 11.07% 2001-2 $ 202,270,184.52 25.28 24,203,207.85 2.20% 2002-3 $ 64,798,086.05 8.10 78,079,911.61 7.09% 2003-4 $ 16,307,283.71 2.04 363,975,674.42 33.06% 2003-5 $ 103,001,039.70 12.88 106,399,258.45 9.67% 2005-6 $ 114,131,510.58 14.27 116,106,916.87 10.55% 2005-7 $ 63,885,134.50 7.99 51,164,014.02 4.65% 2005-8 $ 66,706,812.10 8.34 111,387,501.87 10.12% 2005-9 $ 4,646,719.44 0.58 % 2007-5A $ 27,964,469.84 3.50 99,801,109.29 9.07%

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2006-3), Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2006-3)

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 Responsible Party $ 0.00 0 % Obligor $ 113,869,407.43 14.23 1,871,096.00 11.30% 2001-1A $ 22,419,443.66 2.80 91,976,872.78 0.14% 2001-2 $ 202,270,184.52 25.28 1,139,847.60 22.13% 2002-3 $ 64,798,086.05 8.10 180,097,433.17 6.78% 2003-4 $ 16,307,283.71 2.04 55,143,157.95 16.34% 2003-5 $ 103,001,039.70 12.88 133,010,558.74 14.27% 2005-6 $ 114,131,510.58 14.27 116,142,847.21 8.27% 2005-7 $ 63,885,134.50 7.99 67,325,906.92 7.43% 2005-8 $ 66,706,812.10 8.34 60,437,392.85 13.11% 2005-9 $ 4,646,719.44 0.58 % 2007-5A $ 27,964,469.84 3.50 106,667,324.59 0.23%

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-Fxd1)

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 0% Obligor $ 113,869,407.43 14.23 9,793,486.60 1% 2001-1A $ 22,419,443.66 2.80 57,564,014.92 8% 2001-2 $ 202,270,184.52 25.28 3,199,652.40 0% 2002-3 $ 64,798,086.05 8.10 69,000,013.56 9% 2003-4 $ 16,307,283.71 2.04 17,327,748.63 2% 2003-5 $ 103,001,039.70 12.88 11,605,273.38 2% 2005-6 $ 114,131,510.58 14.27 % 2005-7 $ 63,885,134.50 7.99 114,938,660.11 15% 2005-8 $ 66,706,812.10 8.34 271,121,140.29 36% 2005-9 $ 4,646,719.44 0.58 39,205,624.08 5% 2007-5A $ 27,964,469.84 3.50 169,095,327.87 22%

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-Hl1)

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 0% Obligor $ 113,869,407.43 14.23 3,019,838.33 0% 2001-1A $ 22,419,443.66 2.80 87,615,804.66 13% 2001-2 $ 202,270,184.52 25.28 3,666,712.65 1% 2002-3 $ 64,798,086.05 8.10 111,931,049.97 16% 2003-4 $ 16,307,283.71 2.04 79,540,875.42 12% 2003-5 $ 103,001,039.70 12.88 4,383,133.51 1% 2005-6 $ 114,131,510.58 14.27 115,485,245.88 17% 2005-7 $ 63,885,134.50 7.99 74,482,579.33 11% 2005-8 $ 66,706,812.10 8.34 99,702,257.69 15% 2005-9 $ 4,646,719.44 0.58 76,388,754.38 11% 2007-5A $ 27,964,469.84 3.50 29,661,130.60 4%

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-Fxd2)

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 0% Obligor $ 113,869,407.43 14.23 21,594,904.97 2% 2001-1A $ 22,419,443.66 2.80 211,049,872.13 18% 2001-2 $ 202,270,184.52 25.28 105,610,727.37 9% 2002-3 $ 64,798,086.05 8.10 124,629,677.69 11% 2003-4 $ 16,307,283.71 2.04 105,668,897.90 9% 2003-5 $ 103,001,039.70 12.88 4,200,611.04 0% 2005-6 $ 114,131,510.58 14.27 % 2005-7 $ 63,885,134.50 7.99 180,474,294.34 16% 2005-8 $ 66,706,812.10 8.34 195,552,913.85 17% 2005-9 $ 4,646,719.44 0.58 115,850,180.24 10% 2007-5A $ 27,964,469.84 3.50 96,074,060.26 8%

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-4)

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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 -- 0% Obligor $ 113,869,407.43 14.23 7,107,624.75 1% 2001-1A $ 22,419,443.66 2.80 166,447,618.44 17% 2001-2 $ 202,270,184.52 25.28 10,019,018.39 1% 2002-3 $ 64,798,086.05 8.10 97,494,767.63 10% 2003-4 $ 16,307,283.71 2.04 125,370,196.24 13% 2003-5 $ 103,001,039.70 12.88 84,390,587.76 9% 2005-6 $ 114,131,510.58 14.27 91,183,388.22 10% 2005-7 $ 63,885,134.50 7.99 70,771,381.49 7% 2005-8 $ 66,706,812.10 8.34 142,460,582.61 15% 2005-9 $ 4,646,719.44 0.58 % 2007-5A $ 27,964,469.84 3.50 161,237,761.14 17%

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-2)

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 14.23 135,842,147.64 9.06% 2001-1A $ 22,419,443.66 2.80 202,115,768.08 13.48% 2001-2 $ 202,270,184.52 25.28 94,219,460.76 6.28% 2002-3 $ 64,798,086.05 8.10 131,971,517.51 8.80% 2003-4 $ 16,307,283.71 2.04 134,316,579.23 8.96% 2003-5 $ 103,001,039.70 12.88 213,590,649.44 14.24% 2005-6 $ 114,131,510.58 14.27 131,131,649.49 8.74% 2005-7 $ 63,885,134.50 7.99 108,530,005.66 7.24% 2005-8 $ 66,706,812.10 8.34 274,008,976.46 18.27% 2005-9 $ 4,646,719.44 0.58 % 2007-5A $ 27,964,469.84 3.50 74,053,484.37 4.94%

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mortgage Loan Trust Series 2006-2)

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 0% Obligor $ 113,869,407.43 14.23 2,907,517.89 0% 2001-1A $ 22,419,443.66 2.80 174,167,057.62 18% 2001-2 $ 202,270,184.52 25.28 66,960,347.90 7% 2002-3 $ 64,798,086.05 8.10 96,174,141.66 10% 2003-4 $ 16,307,283.71 2.04 57,792,812.40 6% 2003-5 $ 103,001,039.70 12.88 4,145,533.96 0% 2005-6 $ 114,131,510.58 14.27 % 2005-7 $ 63,885,134.50 7.99 185,117,150.55 19% 2005-8 $ 66,706,812.10 8.34 196,575,164.00 20% 2005-9 $ 4,646,719.44 0.58 109,692,326.55 11% 2007-5A $ 27,964,469.84 3.50 84,485,130.37 9%

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-3)

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