Purchase and Sale of Loans. The Seller may from time to time sell and assign to the Company, and the Company may from time to time Purchase from the Seller, all the Seller’s right, title and interest in, to and under the Loans listed on the Loan Schedule with respect to the related PA Supplement. The principal terms of the Purchase and sale of Loans for each Series shall be set forth in the related PA Supplement.
Purchase and Sale of Loans. Following the date of this Adoption Agreement, the Seller agrees to participate in the Department’s Purchase Program for Eligible Loans made pursuant to the Federal Family Education Loan Program under the Master Loan Sale Agreement and to deliver to the Department such Loans in the aggregate principal amounts as evidenced by Bills of Sale executed by the Seller and acknowledged and accepted by the Department pursuant to the Master Loan Sale Agreement. The Seller agrees to sell to the Department and the Department agrees to purchase from the Seller such Loans on the terms and subject to the conditions of the Master Loan Sale Agreement as the same may be supplemented or amended from time to time. Each of the Seller and the Department hereby acknowledges and agrees to all terms and provisions of the Master Loan Sale Agreement which relate to the selling of Loans which are incorporated herein in their entirety as if such had been set forth herein in their entirety, as the same may be supplemented or amended from time to time.
Purchase and Sale of Loans. (a) On the terms and subject to the conditions set forth in this Agreement, including the conditions set forth in Article V, on or after the Closing Date and prior to a Seller Termination Event, the Seller, from time to time, hereby agrees to (i) irrevocably sell, transfer and otherwise convey to the Purchaser the Sale Assets (each, a "Sale"), absolutely and not as collateral security, without recourse (except as expressly provided herein) and (ii) transfer, or cause the deposit into, the Collection Account all Collections received by the Seller on account of the Sale Assets on and after the Sale Date with respect to such Sale Assets, in each case, within two Business Days of the receipt thereof. The Purchaser hereby agrees to purchase all of the Seller's right, title and interest in and to the Sale Assets. The Purchaser hereby assumes from the Seller and agrees to perform all obligations (then existing or thereafter arising) of the Seller under the Sale Assets. The Seller hereby agrees to protect and defend the Purchaser's ownership interest in the Sale Assets against any claim asserting the continuing ownership thereof by the Seller. For the avoidance of doubt, notwithstanding any other terms herein, the Sale Assets may be transferred by the Seller to the Purchaser on any Business Day after the Closing Date.
(b) In connection with each Sale hereunder, the Seller or the Purchaser shall deliver written notice thereof to the Administrative Agent substantially in the form set forth on Schedule A hereto (each, a "Sale Notice"), designating the date of the proposed Sale (the "Sale Date") without recourse (except as expressly provided herein) and attaching a supplement to the Schedule of Loans attached hereto as Schedule B identifying the Sale Assets proposed to be sold. On the terms and subject to the conditions set forth in this Agreement and the LSA, the Seller shall sell to the Purchaser, and the Purchaser shall purchase, on the applicable Sale Date, all of the Seller's right, title and interest in and to each Loan then reported by the Seller on the Schedule of Loans attached to the related Sale Notice, together with all other Related Security and all proceeds of the foregoing. For the avoidance of doubt, each Sale Notice and each attached Schedule of Loans may be delivered in electronic form and, when delivered in accordance with the terms hereof, each such Schedule of Loans shall automatically be deemed to update any previously delivered Schedule of Loans...
Purchase and Sale of Loans. On the Closing Date, the Seller shall sell, assign, transfer, convey and deliver, or cause to be assigned, transferred, conveyed and delivered, to the Purchaser (or such subsidiaries of the Purchaser as the Purchaser shall designate), (A) the Loans, (B) the Transferred Rights with respect to the Loans and (C) all Loan Documents related to the Loans.
Purchase and Sale of Loans. On the applicable Transfer Date and in accordance with the terms and conditions of this Agreement, Purchaser agrees to purchase and Seller agrees sell, from time to time, all of Seller's right, title and interest in and to the Loans listed in the Confirmation applicable to such Loans.
Purchase and Sale of Loans. 2
(A) Delivery of Loans 2 (B) Purchase and Sale 3 (C) Purchase Price 3 (D) Payment of Purchase Price 3 (E) OMITTED. 3 (F) Premium Rebate 3
Purchase and Sale of Loans. On the Closing Date, Seller shall convey, assign, transfer, set over and deliver to Buyer, and Buyer shall purchase and take from Seller, all of Seller's right, title and interest in each of the Loans, including, without limitation:
2.1.1. The outstanding principal balance thereof, accrued interest and all other sums due as of and after the Cut-Off Date, all related promissory notes or other writings evidencing the Loans (the "Notes" or a "Note"), and the related original mortgages, deeds of trust, security agreements and assignments ("Security Instruments");
Purchase and Sale of Loans. Pursuant to this Agreement, Seller hereby agrees to sell, assign, transfer, convey and deliver to Purchaser, and Purchaser hereby agrees to purchase from Seller, all of Seller's right, title and interest in and to the Loans, including the related Servicing Rights.
Purchase and Sale of Loans. Section 3.1 Conveyance of Mortgage Loans; Possession and Ownership.....................................12 Section 3.2 Price and Closing Methodology..............................................................12 Section 3.3
Purchase and Sale of Loans. 2.1. Terms and Conditions of Sale 10 2.2. Closing and Payment of Purchase Price 10 2.3. Allocation of Payments Made on Loans 10 2.4. Adjustments to Purchase Price; Offsets Against Deposits 10 2.5. Rebates and Refunds 11 2.6. Interest Conveyed 11 2.7. Retained Claims and Release 12 2.8. Other Taxes 12 3.1. Delivery of Documents 13 3.2. Recordation of Documents 16 3.3. Transfer of Servicing 16
