Common use of Sale and Purchase of Loans Clause in Contracts

Sale and Purchase of Loans. From time to time during the Term of this Agreement, E-LOAN shall sell, assign, transfer, convey and deliver to Correspondent, and Correspondent shall purchase from E-LOAN, without recourse and on a servicing released basis, all right, title and interest in and to Loans as provided in this Agreement.

Sale and Purchase of Loans. From time to time during the Term of this Agreement, E-LOAN shall sell, assign, transfer, convey and deliver to Correspondent, and Correspondent shall purchase from E-LOAN, without recourse and (except as provided herein)and on a servicing released basis, all right, title and interest in and to Loans as provided in this AgreementAgreement provided E-LOAN has met all terms and conditions herein.