Common use of Purchase of Subsequent Mortgage Loans Clause in Contracts

Purchase of Subsequent Mortgage Loans. (a) Subject to the satisfaction of the conditions set forth in paragraph (b) below in consideration of the delivery on a Subsequent Sales Date to or upon the order of the Depositor of all or a portion of the Pre-Funded Amount, as the case may be, the Depositor shall on such Subsequent Sales Date sell, transfer, assign, set over and otherwise convey without recourse, to the Trust Fund, and the Trustee shall purchase on behalf of the Trust Fund, all the Depositor’s right, title and interest in and to the Subsequent Mortgage Loans, together with the related Mortgage Loan Files, covered by the Subsequent Sales Agreement delivered on such date.

Appears in 10 contracts

Samples: Pooling and Servicing Agreement (Saxon Asset Securities Trust 2002-1), Pooling and Servicing Agreement (Saxon Asset Securities Trust 2005-4), Pooling and Servicing Agreement (Saxon Asset Securities Co)

AutoNDA by SimpleDocs

Purchase of Subsequent Mortgage Loans. (a) Subject to the satisfaction of the conditions set forth in paragraph (b) below in consideration of the delivery on a Subsequent Sales Date to or upon the order of the Depositor of all or a portion of the Pre-Funded Amount, as the case may be, the Depositor shall on such Subsequent Sales Date sell, transfer, assign, set over and otherwise convey without recourse, to the Trust Fund, and the Trustee shall purchase on behalf of the Trust Fund, all the Depositor’s 's right, title and interest in and to the Subsequent Mortgage Loans, together with the related Mortgage Loan Files, covered by the Subsequent Sales Agreement delivered on such date.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Saxon Asset Securities Trust 2002-2), Pooling and Servicing Agreement (Aegis Asset Backed Securities Corp), Pooling and Servicing Agreement (Saxon Asset Securities Co)

Purchase of Subsequent Mortgage Loans. (a) Subject to the satisfaction of the conditions set forth in paragraph (b) below below, in consideration of the delivery on a Subsequent Sales Date to or upon the order of the Depositor of all or a portion of the applicable Pre-Funded AmountAmount(s), as the case may be, the Depositor shall on such Subsequent Sales Date sell, transfer, assign, set over and otherwise convey without recourse, to the Trust FundIssuer, and the Trustee Issuer shall purchase on behalf of the Trust Fundpurchase, all the Depositor’s right, title and interest in and to the Subsequent Mortgage Loans, together with the related Mortgage Loan Files, covered by the Subsequent Sales Agreement delivered on such date.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Saxon Asset Securities Co), Sale and Servicing Agreement (Saxon Asset Securities Trust 2005-2), Sale and Servicing Agreement (Saxon Asset Securities Trust 2005-3)

Purchase of Subsequent Mortgage Loans. (a) Subject to the satisfaction of the conditions set forth in paragraph (b) below below, in consideration of the delivery on a Subsequent Sales Date to or upon the order of the Depositor of all or a portion of the applicable Pre-Funded Amount, as the case may be, the Depositor shall on such Subsequent Sales Date sell, transfer, assign, set over and otherwise convey without recourse, to the Trust FundIssuer, and the Trustee Issuer shall purchase on behalf of the Trust Fundpurchase, all the Depositor’s right, title and interest in and to the Subsequent Mortgage Loans, together with the related Mortgage Loan Files, covered by the Subsequent Sales Agreement delivered on such date.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Saxon Asset Securities Trust 2004-3), Sale and Servicing Agreement (Saxon Asset Securities Trust 2004-2)

Purchase of Subsequent Mortgage Loans. (a) Subject to the satisfaction of the Subsequent Delivery Requirements and the conditions set forth in paragraph (b) below below, in consideration of the delivery on a Subsequent Sales Date to or upon the order of the Depositor of all or a portion of the applicable Pre-Funded Amount, as the case may be, the Depositor shall on such Subsequent Sales Date sell, transfer, assign, set over and otherwise convey without recourse, to the Trust FundIssuer, and the Trustee Issuer shall purchase on behalf of the Trust Fundpurchase, all the Depositor’s right, title and interest in and to the Subsequent Mortgage Loans, together with the related Mortgage Loan Files, covered by the Subsequent Sales Agreement delivered on such date.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Sast 2006-3)

AutoNDA by SimpleDocs

Purchase of Subsequent Mortgage Loans. (a) Subject to the satisfaction of the conditions set forth in paragraph (b) below in consideration of the delivery on a Subsequent Sales Date to or upon the order of the Depositor of all or a portion of the Pre-Funded Amount, as the case may be, the Depositor shall on such Subsequent Sales Date sell, transfer, assign, set over and otherwise convey without recourse, to the Trust FundIssuer, and the Trustee Issuer shall purchase on behalf of the Trust Fundpurchase, all the Depositor’s right, title and interest in and to the Subsequent Mortgage Loans, together with the related Mortgage Loan Files, covered by the Subsequent Sales Agreement delivered on such date.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Saxon Asset Securities Co)

Purchase of Subsequent Mortgage Loans. (a) Subject to the satisfaction of the conditions set forth in paragraph (b) below below, in consideration of the delivery on a Subsequent Sales Date to or upon the order of the Depositor of all or a portion of the Pre-Funded Amount, as the case may be, the Depositor shall on such Subsequent Sales Date sell, transfer, assign, set over and otherwise convey without recourse, to the Trust FundIssuer, and the Trustee Issuer shall purchase on behalf of the Trust Fundpurchase, all the Depositor’s right, title and interest in and to the Subsequent Mortgage Loans, together with the related Mortgage Loan Files, covered by the Subsequent Sales Agreement delivered on such date.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Saxon Asset Securities Trust 2005-1)

Time is Money Join Law Insider Premium to draft better contracts faster.