Common use of PRE-CLOSING AND CLOSING PROCEDURES Clause in Contracts

PRE-CLOSING AND CLOSING PROCEDURES. Section 2.01 Due Diligence by the Purchaser............................. 12 Section 2.02 Identification of Mortgage Loan Package.................... 12 Section 2.03 Post-Closing Due Diligence................................. 12 Section 2.04 Credit Document Deficiencies Identified During Due Diligence.................................................. 13 Section 2.05 Delivery of Collateral Files............................... 13 Section 2.06 Purchase Confirmation...................................... 14 Section 2.07 Closing.................................................... 14 Section 2.08 Payment of the Purchase Proceeds........................... 14 Section 2.09 Entitlement to Payments on the Mortgage Loans.............. 14 Section 2.10 Payment of Costs and Expenses.............................. 15 Section 2.11 MERS Mortgage Loans and the MERS System.................... 15

Appears in 1 contract

Samples: Master Mortgage Loan Purchase and Servicing Agreement (Luminent Mortgage Trust 2006-6)

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PRE-CLOSING AND CLOSING PROCEDURES. Section 2.01 Books and Records; Transfers of Mortgage Loans...............................................13 Section 2.02 Due Diligence by the Purchaser............................. 12 ...............................................................13 Section 2.02 2.03 Identification of Mortgage Loan Package.................... 12 Section 2.03 Post-Closing Due Diligence................................. 12 ......................................................14 Section 2.04 Credit Document Deficiencies Identified During Due Diligence.................................................. 13 .................................14 Section 2.05 Delivery of Collateral Files............................... 13 .................................................................14 Section 2.06 Purchase Confirmation...................................... 14 ........................................................................16 Section 2.07 Closing.................................................... 14 ......................................................................................16 Section 2.08 Payment of the Purchase Proceeds........................... 14 .............................................................16 Section 2.09 Entitlement to Payments on the Mortgage Loans.............. 14 ................................................17 Section 2.10 Payment of Costs and Expenses.............................. 15 ................................................................17 Section 2.11 MERS Mortgage Loans and the MERS System.................... 15......................................................17 ARTICLE III

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (GSAA Home Equity Trust 2006-17)

PRE-CLOSING AND CLOSING PROCEDURES. Section 2.01 Due Diligence by the Purchaser............................. 12 10 Section 2.02 Identification of Mortgage Loan Package.................... 12 11 Section 2.03 Post-Closing Due Diligence................................. 12 11 Section 2.04 Credit Document Deficiencies Identified During Due Diligence.................................................. 13 12 Section 2.05 Delivery of Collateral Files............................... 13 12 Section 2.06 Purchase Confirmation...................................... 14 13 Section 2.07 Closing.................................................... 14 13 Section 2.08 Payment of the Purchase Proceeds........................... 14 13 Section 2.09 Entitlement to Payments on the Mortgage Loans.............. 14 13 Section 2.10 Payment of Costs and Expenses.............................. 15 14 Section 2.11 MERS Mortgage Loans and the MERS System.................... 1514

Appears in 1 contract

Samples: Master Mortgage Loan Purchase and Servicing Agreement (Banc of America Funding Corp)

PRE-CLOSING AND CLOSING PROCEDURES. Section 2.01 Books and Records; Transfers of Mortgage Loans...............................................12 Section 2.02 Due Diligence by the Purchaser............................. 12 ...............................................................13 Section 2.02 2.03 Identification of Mortgage Loan Package.................... 12 Section 2.03 Post-Closing Due Diligence................................. 12 ......................................................13 Section 2.04 Credit Document Deficiencies Identified During Due Diligence.................................................. .................................13 Section 2.05 Delivery of Collateral Files............................... 13 .................................................................14 Section 2.06 Purchase Confirmation...................................... ........................................................................14 Section 2.07 Closing.................................................... ......................................................................................14 Section 2.08 Payment of the Purchase Proceeds........................... .............................................................14 Section 2.09 Entitlement to Payments on the Mortgage Loans.............. ................................................14 Section 2.10 Payment of Costs and Expenses.............................. 15 ................................................................14 Section 2.11 MERS Mortgage Loans and the MERS System.................... 15......................................................14

Appears in 1 contract

Samples: Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-1)

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PRE-CLOSING AND CLOSING PROCEDURES. 13 Section 2.01 Due Diligence by the Purchaser............................. 12 .......................................................................13 Section 2.02 Identification of Mortgage Loan Package.................... 12 ........................................................14 Section 2.03 Post-Closing Due Diligence................................. 12 .............................................................................14 Section 2.04 Credit Document Deficiencies Identified During Due Diligence.................................................. 13 ....................15 Section 2.05 Delivery of Collateral Files............................... 13 ..............................................................................15 Section 2.06 Purchase Confirmation...................................... 14 .....................................................................................16 Section 2.07 Closing.................................................... 14 . ............................................................................................................16 Section 2.08 Payment of the Purchase Proceeds........................... 14 . .................................................................16 Section 2.09 Entitlement to Payments on the Mortgage Loans.............. 14 ............................................17 Section 2.10 Payment of Costs and Expenses.............................. 15 . .....................................................................17 Section 2.11 MERS Mortgage Loans and the MERS System.................... 15..............................................17

Appears in 1 contract

Samples: Master Mortgage Loan Purchase and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar4)

PRE-CLOSING AND CLOSING PROCEDURES. Section 2.01 Due Diligence by the Purchaser............................. 12 .............................. 10 Section 2.02 Identification of Mortgage Loan Package.................... 12 ..................... 11 Section 2.03 Post-Closing Due Diligence................................. 12 .................................. 11 Section 2.04 Credit Document Deficiencies Identified During Due Diligence.................................................. 13 ..................................... 11 Section 2.05 Delivery of Collateral Files............................... 13 ................................ 11 Section 2.06 Purchase Confirmation...................................... 14 ....................................... 12 Section 2.07 Closing.................................................... 14 ..................................................... 12 Section 2.08 Payment of the Purchase Proceeds........................... 14 ............................ 13 Section 2.09 Entitlement to Payments on the Mortgage Loans.............. 14 ............... 13 Section 2.10 Payment of Costs and Expenses.............................. 15 ............................... 13 Section 2.11 MERS Mortgage Loans and the MERS System.................... 15..................... 13

Appears in 1 contract

Samples: Master Mortgage Loan Purchase and Servicing Agreement (Banc of America Funding 2006-D Trust)

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