PAYMENT, TRANSFER AND CUSTODY. (a) On the Purchase Date for each Transaction, ownership of the Purchased Loans shall be transferred to Buyer or its designee (including the Custodian) against the simultaneous transfer of the Purchase Price to an account of Seller specified in the Confirmation relating to such Transaction.
Appears in 4 contracts
Samples: Master Repurchase Agreement (RAIT Financial Trust), Master Repurchase Agreement (RAIT Financial Trust), Master Repurchase Agreement (Ny Credit Corp.)
PAYMENT, TRANSFER AND CUSTODY. (a) On Subject to the terms and conditions of this Agreement, on the Purchase Date for each Transaction, ownership of the Purchased Loans and all other Repurchase Assets shall be transferred by the applicable Seller to Buyer or its designee (including the Custodian) against the simultaneous transfer of the Purchase Price to an account of designated by the applicable Seller specified in the Confirmation relating to such Transaction.
Appears in 4 contracts
Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.), Master Repurchase Agreement (Angel Oak Mortgage REIT, Inc.), Master Repurchase Agreement (Angel Oak Mortgage, Inc.)
PAYMENT, TRANSFER AND CUSTODY. (a) On Subject to the terms and conditions of this Agreement, on the Purchase Date for each Transaction, ownership of the Purchased Loans and all other Repurchase Assets shall be transferred by the applicable Seller to Buyer or its designee (including the Custodian) against the simultaneous transfer of the Purchase Price to an account of designated by the applicable Seller specified in the Confirmation or Purchase Price Increase Confirmation relating to such Transaction.
Appears in 1 contract
Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.)
