Common use of Reconstitution Agreements Clause in Contracts

Reconstitution Agreements. In connection with each Permitted Reconstitution, the applicable Seller(s) shall execute and deliver a Reconstitution Agreement containing terms and conditions that are consistent with the terms and conditions set forth herein and, in the case of a Securitization Transaction, that are customary for publicly offered or privately placed, rated or unrated securities backed by mortgage loans similar to the Mortgage Loans included in such Securitization Transaction.

Appears in 3 contracts

Samples: Mortgage Loan Purchase and Sale Agreement (Banc of America Funding 2006-5 Trust), Mortgage Loan Purchase and Sale Agreement (Banc of America Funding 2006-6 Trust), Mortgage Loan Purchase and Sale Agreement (Banc of America Funding 2006-J Trust)

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Reconstitution Agreements. In connection with each Permitted Reconstitution, the applicable Seller(s) Seller shall execute and deliver a Reconstitution Agreement containing terms and conditions that are consistent with the terms and conditions set forth herein and, in the case of a Securitization Transaction, that are customary for publicly offered or privately placed, rated or unrated securities backed by mortgage loans similar to the Mortgage Loans included in such Securitization Transaction.

Appears in 2 contracts

Samples: Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-Af1), Mortgage Loan Purchase and Sale Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-Af1)

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