Common use of Possession of Mortgage Files Clause in Contracts

Possession of Mortgage Files. (a) Upon the delivery to each Transferor of the consideration set forth in Section 2.01, the ownership of each Transferor's Mortgage Notes, related Mortgages and the contents of the related Mortgage Files are vested in the related Transferee. (b) Pursuant to Section 2.04, each Transferor has delivered or caused to be delivered each Transferees' Mortgage File with respect to its Mortgage Loans to the related Transferee.

Appears in 5 contracts

Samples: Transfer Agreement (Eqcc Asset Backed Corp), Transfer Agreement (Eqcc Receivables Corp), Transfer Agreement (Eqcc Asset Backed Corp)

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Possession of Mortgage Files. (a) Upon the delivery to each the Transferor of the consideration set forth in Section 2.01, the ownership of each the Transferor's Mortgage Notes, related ------------ Mortgages and the contents of the related Mortgage Files are vested in the related Transferee. (b) Pursuant to Section 2.04, each the Transferor has delivered or caused ------------ to be delivered each Transferees' the Transferee's Mortgage File with respect to its Mortgage Loans to the related Transferee.

Appears in 1 contract

Samples: Transfer Agreement (Eqcc Receivables Corp)

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Possession of Mortgage Files. (a) Upon the delivery to each the Transferor of the consideration set forth in Section 2.01, the ownership of each the Transferor's Mortgage Notes, related Mortgages and the contents of the related Mortgage Files are vested in the related Transferee. (b) Pursuant to Section 2.04, each the Transferor has delivered or caused to be delivered each Transferees' the Transferee's Mortgage File with respect to its Mortgage Loans to the related Transferee.

Appears in 1 contract

Samples: Transfer Agreement (Eqcc Receivables Corp)

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