Common use of Purchase Price and Terms Agreement Clause in Contracts

Purchase Price and Terms Agreement. With respect to each purchase of a Mortgage Loan Package hereunder, that certain letter agreement by and between the Seller and the Purchaser setting forth the general terms, conditions and portfolio characteristics for each Mortgage Loan Package to be purchased hereunder as of any Closing Date. Purchaser: Xxxxxx Brothers Bank, FSB or its successor in interest or assigns or any successor to the Purchaser under this Agreement as herein provided; provided, however, that, for the purpose of compliance with Regulation AB, references to the Purchaser shall be deemed to include any assignees or designees of the Purchaser, such as any Depositor, a master servicer or a trustee.