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) Delivery of Loans On or before the business day immediately preceding each Settlement Date, the Seller shall deliver to the Buyer the following for each Loan purchased:
(i) Those Loans described by the Buyer on each Schedule of Loans delivered which are purchased by Buyer pursuant to this Agreement.
(ii) The agree-upon priority liens and/or Mortgages, or a true certified copy thereof, on Mortgaged Property.
(iii) The original Note(s) and the Mortgage(s), or a true certified copy of the Mortgage, endorsed by an authorized officer of Seller to the Buyer as following: "Pay to the Order of MorCap, Inc., Without Recourse" (unless otherwise notified in writing by Buyer); together with an individual Assignment of Mortgage to Buyer and original of all interviewing assignments, if any of the Seller's beneficial interest in the Mortgage, showing a complete chain of title of the Loan from origination to the Seller, including warehouse assignment, with evidencing of recording thereon, or a release of any intervening assignee's interest, if any, to the extent that such assignment was not recorded.
(iv) Any and all documents, instruments, collateral agreements, and assignments and endorsements for all documents, instruments and collateral agreements, referred to in the Notes and/or Mortgages or related thereto, including, without limitation, current insurance policies (private mortgage insurance, if applicable; flood insurance, if applicable; hazard insurance; title insurance; and other applicable insurance policies) covering the Mortgaged Property or relating to the Notes and all files, books, papers, ledger cards, reports and records including, without limitation, loan application. Borrower financial statements, separate assignment of rents, if any, credit reports and appraisals, relating to the Loans (the "Related Assets"). In all cases, the Related Assets shall be in the original documents.
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. 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
Purchase and Sale of Loans. 2 (A) Delivery of Loans..............................................................2 (B) Purchase and Sale..............................................................3 (C)
Purchase and Sale of Loans. Seller shall sell to Buyer, and Buyer shall purchase from Seller, all Loans which (i) have been originated by Seller,
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
