Common use of Purchase of Subsequent Mortgage Loans Clause in Contracts

Purchase of Subsequent Mortgage Loans. Throughout the term of this Agreement, by execution of a Transfer Supplement in the form attached hereto as Exhibit B, the Bank will sell to the Depositor and the Depositor shall purchase from the Bank pursuant to this Section 1.01(b), subject to satisfaction of conditions set forth in Section 2.01(b) of the Trust Agreement, the lesser of (calculated by aggregate Principal Balance): (x) all Eligible Mortgage Loans then offered for sale by the Bank and (y) the maximum Principal Balance of such Eligible Mortgage Loans with respect to which the aggregate Transfer Price (as specified in the Transfer Supplement) does not exceed the amount then on deposit in the principal subaccount of the Pre-Funding Account. Subject to the conditions set forth in this Section 1.01(b), in consideration of the Depositor's delivery on the related Transfer Date (as specified in the Transfer Supplement) to the Bank or its designee, or upon the order of the Bank, of the Transfer Price for the related Subsequent Mortgage Loans, the Bank shall, on each Transfer Date, sell, transfer, assign, set over and otherwise convey to the Depositor, without recourse, but subject to the other terms and provisions of this Agreement, all of the right, title and interest of the Bank in and to each Subsequent Mortgage Loan (including all interest and principal received or receivable on or with respect to such Mortgage Loans, but not including interest due and payable on such Mortgage Loans prior to the related Cut-off Date) identified on the Transfer Supplement and delivered by the Bank on such Transfer Date and all items in the related Mortgage File.

Purchase of Subsequent Mortgage Loans. Throughout the term of this Agreement, by execution of a Transfer Supplement in the form attached hereto as Exhibit B, the Bank Seller will sell to the Depositor and the Depositor shall purchase from the Bank Seller pursuant to this Section 1.01(b), subject to satisfaction of conditions set forth in Section 2.01(b) of the Trust Agreement, the lesser of (calculated by aggregate Principal Balance): (x) all Eligible Mortgage Loans then offered for sale by the Bank Seller and (y) the maximum Principal Balance of such Eligible Mortgage Loans with respect to which the aggregate Transfer Price (as specified in the Transfer Supplement) does not exceed the amount then on deposit in the principal subaccount of the Pre-Funding Account. Subject to the conditions set forth in this Section 1.01(b), in consideration of the Depositor's delivery on the related Transfer Date (as specified in the Transfer Supplement) to the Bank Seller or its designee, or upon the order of the BankSeller, of the Transfer Price for the related Subsequent Mortgage Loans, the Bank Seller shall, on each Transfer Date, sell, transfer, assign, set over and otherwise convey to the Depositor, without recourse, but subject to the other terms and provisions of this Agreement, all of the right, title and interest of the Bank Seller in and to each Subsequent Mortgage Loan (including all interest and principal received or receivable on or with respect to such Mortgage Loans, but not including interest due and payable on such Mortgage Loans prior to the related Cut-off Date) identified on the Transfer Supplement and delivered by the Bank Seller on such Transfer Date and all items in the related Mortgage File.

Purchase of Subsequent Mortgage Loans. Throughout the term of this Agreement, by execution of a Transfer Supplement in the form attached hereto as Exhibit B, the Bank Seller will sell to the Depositor and the Depositor shall purchase from the Bank Seller pursuant to this Section 1.01(b), subject to satisfaction of conditions set forth in Section 2.01(b) of the Trust Agreement, the lesser of (calculated by aggregate Principal Balance): (x) all Eligible Mortgage Loans then offered for sale by the Bank Seller and (y) the maximum Principal Balance of such Eligible Mortgage Loans with respect to which the aggregate Transfer Price (as specified in the Transfer Supplement) does not exceed the amount then on deposit in the principal subaccount Principal Subaccount of the Pre-Funding Account. Subject to the conditions set forth in this Section 1.01(b), in consideration of the Depositor's delivery on the related Transfer Date (as specified in the Transfer Supplement) to the Bank Seller or its designee, or upon the order of the BankSeller, of the Transfer Price for the related Subsequent Mortgage Loans, the Bank Seller shall, on each Transfer Date, sell, transfer, assign, set over and otherwise convey to the Depositor, without recourse, but subject to the other terms and provisions of this Agreement, all of the right, title and interest of the Bank Seller in and to each Subsequent Mortgage Loan (including all interest and principal received or receivable on or with respect to such Mortgage Loans, but not including interest due and payable on such Mortgage Loans prior to the related Cut-off Date) identified on the Transfer Supplement and delivered by the Bank Seller on such Transfer Date and all items in the related Mortgage File.

Purchase of Subsequent Mortgage Loans. Throughout the term of this Agreement, by execution of a Transfer Supplement in the form attached hereto as Exhibit B, the Bank will sell to the Depositor and the Depositor shall purchase from the Bank pursuant to this Section 1.01(b), subject to satisfaction of conditions set forth in Section 2.01(b) of the Trust Agreement, the lesser of (calculated by aggregate Principal Balance): (x) all Eligible Mortgage Loans then offered for sale by the Bank and (y) the maximum Principal Balance of such Eligible Mortgage Loans with respect to which the aggregate Transfer Price (as specified in the Transfer Supplement) does not exceed the amount then on deposit in the principal subaccount Principal Subaccount of the Pre-Funding Account. Subject to the conditions set forth in this Section 1.01(b), in consideration of the Depositor's delivery on the related Transfer Date (as specified in the Transfer Supplement) to the Bank or its designee, or upon the order of the Bank, of the Transfer Price for the related Subsequent Mortgage Loans, the Bank shall, on each Transfer Date, sell, transfer, assign, set over and otherwise convey to the Depositor, without recourse, but subject to the other terms and provisions of this Agreement, all of the right, title and interest of the Bank in and to each Subsequent Mortgage Loan (including all interest and principal received or receivable on or with respect to such Mortgage Loans, but not including interest due and payable on such Mortgage Loans prior to the related Cut-off Date) identified on the Transfer Supplement and delivered by the Bank on such Transfer Date and all items in the related Mortgage File.