Common use of Purchase of Mortgage Loans Clause in Contracts

Purchase of Mortgage Loans. (a) Sale and Conveyance of Mortgage Loans. From time to time the Seller may offer to sell to the Purchaser, and the Purchaser elect to purchase from the Seller, Mortgage Loans in one or more Transactions pursuant to the terms and conditions of the Program Documents. The agreement of the Seller to sell to the Purchaser, and of the Purchaser to purchase from the Seller, Mortgage Loans on a particular Closing Date shall be evidenced by the execution of a Purchase Price and Terms Letter. The obligation of the Purchaser to purchase any Mortgage Loan from the Seller on any particular Closing Date shall be subject to the satisfaction of the conditions precedent to the Purchaser's obligation to purchase set forth in Section 2(b). The sale of each Mortgage Loan shall be reflected in the Seller's balance sheet and other financial statements as a sale of assets by the Seller.

Purchase of Mortgage Loans. (a) Sale and Conveyance of Mortgage Loans. From time to time the Seller xxxx Xxxxxx may offer to sell to the Purchaser, and the Purchaser may elect to purchase from the Seller, Mortgage Loans in one or more Transactions pursuant to the terms and conditions of the Program Documents. The agreement of the Seller to sell to the Purchaser, Purchaser and of the Purchaser to purchase from the Seller, Mortgage Loans on a particular Closing Date shall be evidenced by the execution of a Purchase Price and Terms Letter. The obligation of the Purchaser to purchase any Mortgage Loan from the Seller on any particular Closing Date shall be subject to the satisfaction of the conditions precedent to the Purchaser's ’s obligation to purchase set forth in Section 2(b). The sale of each Mortgage Loan shall be reflected in the Seller's ’s balance sheet and other financial statements as a sale of assets by the Seller.

Purchase of Mortgage Loans. (a) Sale and Conveyance of Mortgage Loans. From time to time the Seller may offer to sell to the Purchaser, and the Purchaser may elect to purchase from the xx xxxxxxxx form Seller, Mortgage Loans in one or more Transactions pursuant to the terms and conditions of the Program Documents. The agreement of the Seller to sell to the Purchaser, Purchaser and of the Purchaser to purchase from the Seller, Mortgage Loans on a particular Closing Date shall be evidenced by the execution of a Purchase Price and Terms Letter. The obligation of the Purchaser to purchase any Mortgage Loan from the Seller on any particular Closing Date shall be subject to the satisfaction of the conditions precedent to the Purchaser's obligation to purchase set forth in Section 2(b). The sale of each Mortgage Loan shall be reflected in the Seller's balance sheet and other financial statements as a sale of assets by the Seller.

Purchase of Mortgage Loans. (a) Sale and Conveyance of Mortgage Loans. From time to time time, the Seller may offer to sell to the Purchaser, and the Purchaser elect to purchase from the Seller, Mortgage Loans in one or more Transactions pursuant to the terms and conditions of the Program Documents. The agreement of the Seller to sell to the Purchaser, and of the Purchaser to purchase from the Seller, Mortgage Loans on a particular Closing Date shall be evidenced by the execution of a Purchase Price and Terms Letter. The obligation of the Purchaser to purchase any Mortgage Loan from the Seller on any particular Closing Date shall be subject to the satisfaction of the conditions precedent to the Purchaser's obligation to purchase set forth in Section 2(b). The sale of each Mortgage Loan shall be reflected in the Seller's balance sheet and other financial statements as a sale of assets by the Seller.