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 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.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Meritage Mortgage Loan Trust 2005-1 Asset-Backed Certificates, Series 2005-1), Pooling and Servicing Agreement (Meritage Mortgage Loan Trust 2005-2), Pooling and Servicing Agreement (Meritage Mortgage Loan Trust 2004-2)

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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 Class A Certificates, the Mezzanine Certificates, the Class B-1 B Certificates and the Class B-2 Certificates; and R Certificates (ii) the Class C Certificates, the Class P Certificates, the Class R Certificates and the Class R-X P 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.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Equifirst Mortgage Loan Trust 2004-2), Pooling and Servicing Agreement (Equifirst Mortgage Loan Trust 2004-3 Asset-Backed Certificates, Series 2004-3)

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 Class A Certificates, the Mezzanine Certificates, the Class B-1 Certificates and the Class B-2 Certificates; R Certificates and (ii) the Class C Certificates, the Class P Certificates, the Class R Certificates and the Class R-X P 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Securities Corp Asset Back Certs Ser 03-2)

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 Class A Certificates, the Mezzanine A-1 Certificates, the Class B-1 A-2 Certificates, the Class M-1 Certificates, the Class M-2A Certificates, the Class M-2B Certificates and the Class B-2 M-3 Certificates (collectively, the "Offered Certificates; ") and (ii) the Class C Certificates, the Class P Certificates, the Class R Certificates and the Class R-X Certificates (together, collectively the "Retained Non-Offered Certificates")) which Non-Offered 5 Certificates shall be registered in the name of Greenwich Capital Markets, Inc. or its designee. 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 Offered 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp Asset Backed Certs Ser 2002-2)

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 Class A Certificates, the Mezzanine Certificates, the Class B-1 Certificates and the Class B-2 Certificates; and R Certificates (ii) the Class C Certificates, the Class P Certificates, the Class R Certificates and the Class R-X P 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp Asset-Backed Certs Series 2004-1)

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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 Class A Certificates, the Mezzanine Certificates, the Class B-1 Certificates and the Class B-2 Certificates; R Certificates and (ii) the Class C Certificates, the Class P Certificates, the Class R Certificates and the Class R-X P 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp Ast Back Certs Ser 2003-1)

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 Class A Certificates, the Mezzanine Certificates, the Class B-1 Certificates and the Class B-2 B-1 Certificates; and (ii) the Class C Certificates, the Class P Certificates, the Class R Certificates and the Class R-X P 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp Meritage Mortgage Loan Trust 2004 1)

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