Common use of SALE AND PURCHASE OF INITIAL PORTFOLIO Clause in Contracts

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.

SALE AND PURCHASE OF INITIAL PORTFOLIO. 2.1 Subject to CLAUSE Clause 2.2, in consideration of the Purchase Price (which shall be paid in accordance with CLAUSE 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.

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 and assign to the Mortgages Trustee with full title guarantee, the Initial Portfolio on the Initial Closing Date.