SALE AND PURCHASE OF INITIAL PORTFOLIO Sample Clauses

SALE AND PURCHASE OF INITIAL PORTFOLIO. 2.1 Subject to CLAUSE 2.2, in consideration of the Purchase Price (which shall be paid in accordance with CLAUSE 3.3) and the covenant of the Mortgages Trustee to hold the Trust Property upon trust, with and subject to all the trusts, powers and provisions of the Mortgages Trust Deed, the Seller hereby agrees to sell to the Mortgages Trustee with full title guarantee, the Initial Portfolio on the Initial Closing Date.
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SALE AND PURCHASE OF INITIAL PORTFOLIO. 2.1 Subject to Clause 2.2, in consideration of the Purchase Price (which shall be paid in accordance with Clause 3.3) and the covenant of the Mortgages Trustee to hold the Trust Property upon trust, with and subject to all the trusts, powers and provisions of the Mortgages Trust Deed, the Seller hereby agrees to sell to the Mortgages Trustee with full title guarantee (or in relation to rights and assets situated in or governed by the law of Scotland, with absolute warrandice), the Initial Portfolio.
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SALE AND PURCHASE OF INITIAL PORTFOLIO. 2.1 Subject to the fulfilment of the conditions set out in Clause 2.2 and Clause 3.1 on or before the Initial Closing Date in consideration of:
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SALE AND PURCHASE OF INITIAL PORTFOLIO. 2.1 Subject to the fulfilment of the conditions set out in Sections 2.2, 3.1 and 4.4 on or before the First Purchase Date, in consideration of the payment of the Purchase Price for the Initial Portfolio as set forth in this Section 2.1, the Seller hereby agrees to sell, transfer, assign and convey to the Guarantor all of its right, title, interest and benefit in and to the Loans, the Related Security and the other assets comprised in the Initial Portfolio on a fully-serviced basis on the First Purchase Date. The Purchase Price for the Initial Portfolio will be satisfied by payment by the Guarantor to the Seller in same day funds an amount equal to such Purchase Price by depositing such amount into the Seller’s Account or, if the Seller so elects in writing to the Guarantor on or before the First Purchase Date, the Guarantor shall credit the Seller’s Capital Account Ledger with an amount equal to all (or the portion of the Purchase Price for the Initial Portfolio not paid in cash) of such Purchase Price payable to the Seller.
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SALE AND PURCHASE OF INITIAL PORTFOLIO. 2.1 Sale of Initial Portfolio Subject to the fulfilment of the conditions set out in Sections 2.2 (Conditions to Sale of Initial Portfolio) and Section 3.1 (Deliveries on First Transfer Date) on or before the First Transfer Date, in consideration of the payment of the Purchase Price for the Initial Portfolio as set forth in this Section 2.1, the Seller hereby agrees to sell, transfer, assign and convey to the Guarantor all of its right, title, interest and benefit in and to the Loans and their Related Security in the Initial Portfolio (excluding registered or recorded title to the Related Security which will continue to be held by the Seller subject to Article 6 (Actions Upon a Registered Title Event and Related Matters)) on a fully-serviced basis. The Purchase Price for the Initial Portfolio will be satisfied by payment to the Seller in same day funds an amount equal to the Purchase Price by depositing such amount into the Seller’s Account or, if the Seller so elects in writing to the Purchaser on or before the applicable Transfer Date, the Purchaser shall credit the Seller’s Capital Account Ledger with an amount equal to all (or the portion of the Purchase Price not paid in cash) of the Purchase Price.
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SALE AND PURCHASE OF INITIAL PORTFOLIO. 2.1 Subject to the fulfilment of the conditions set out in Clauses 2.2 and 3.1 and compliance with the Eligibility Criteria set out in Clause 4.4 on or before the First Transfer Date, in consideration of the Initial Purchase Price which will be satisfied by a combination of:
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SALE AND PURCHASE OF INITIAL PORTFOLIO. 2.1 Subject to fulfilment of the conditions referred to in Clauses 3.1 and 4.4, if the Seller shall serve a properly completed New Portfolio Notice in duplicate on the Fund with a copy to the Representative, the Seller agrees that on the date for completion of the sale specified in such New Portfolio Notice, the Seller shall sell, with full title guarantee, to the Fund the Loans and their Related Security which, in the case of the Initial Portfolio occurred on the First Assignment Date. The Fund countersigned such New Portfolio Notice relating to the Initial Portfolio pursuant to Clause 4.2 and on or before the First Assignment Date the relevant Purchase Price provided to the Seller for the sale of the Loans and their Related Security comprised in the Initial Portfolio to the Fund was paid by a combination of;
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Related to SALE AND PURCHASE OF INITIAL PORTFOLIO

  • Sale and Purchase Upon the basis of the representations and warranties and subject to the terms and conditions herein set forth, the Company agrees to issue and sell to the respective Underwriters and each of the Underwriters, severally and not jointly, agrees to purchase from the Company the number of Firm Shares set forth opposite the name of such Underwriter in Schedule A attached hereto, subject to adjustment in accordance with Section 8 hereof, in each case at a purchase price of $____ per Share. The Company is advised by you that the Underwriters intend (i) to make a public offering of their respective portions of the Firm Shares as soon after the effective date of the Registration Statement as in your judgment is advisable and (ii) initially to offer the Firm Shares upon the terms set forth in the Prospectus. You may from time to time increase or decrease the public offering price after the initial public offering to such extent as you may determine. In addition, the Company hereby grants to the several Underwriters the option to purchase, and upon the basis of the representations and warranties and subject to the terms and conditions herein set forth, the Underwriters shall have the right to purchase, severally and not jointly, from the Company, ratably in accordance with the number of Firm Shares to be purchased by each of them, all or a portion of the Additional Shares as may be necessary to cover over-allotments made in connection with the offering of the Firm Shares, at the same purchase price per share to be paid by the Underwriters to the Company for the Firm Shares. This option may be exercised by UBS Securities LLC ("UBS") on behalf of the several Underwriters at any time and from time to time on or before the thirtieth day following the date of the Prospectus, by written notice to the Company. Such notice shall set forth the aggregate number of Additional Shares as to which the option is being exercised and the date and time when the Additional Shares are to be delivered (such date and time being herein referred to as the "additional time of purchase"); provided, however, that the additional time of purchase shall not be earlier than the time of purchase (as defined below) nor earlier than the second business day after the date on which the option shall have been exercised nor later than the tenth business day after the date on which the option shall have been exercised. The number of Additional Shares to be sold to each Underwriter shall be the number which bears the same proportion to the aggregate number of Additional Shares being purchased as the number of Firm Shares set forth opposite the name of such Underwriter on Schedule A hereto bears to the total number of Firm Shares (subject, in each case, to such adjustment as you may determine to eliminate fractional shares), subject to adjustment in accordance with Section 8 hereof.

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