Sale and Purchase of Mortgage Loans. (a) Subject to the terms and conditions of this Agreement, the Seller hereby sells, transfers and assigns to the Depositor agrees to purchase, on the date of issuance of the Securities, which is expected to be on or about November 30, 2006 (the “Closing Date”), and the Depositor hereby purchases, the Mortgage Loans having an aggregate principal balance as of November 1, 2006 (the “Cut-off Date”), of $456,337,191.70, including all related Mortgage Files and any Insurance Proceeds, REO Property, Liquidation Proceeds and other recoveries relating to the Mortgage Loans, and all income, revenues, issues products, revisions, substitutions, replacements, profits, rents and all cash and non-cash proceeds of the foregoing.
Sale and Purchase of Mortgage Loans. (a) Subject to the terms and conditions of this Agreement, the Seller agrees to sell, and the Depositor agrees to purchase, on the date of issuance of the Securities, which is expected to be on or about May 27, 2005 (the “Closing Date”), the Mortgage Loans having an aggregate principal balance as of May 1, 2005 (the “Cut-off Date”), of $985,673,426.69, including all related Mortgage Files and any Insurance Proceeds, REO Property, Liquidation Proceeds and other recoveries relating to the Mortgage Loans, and all income, revenues, issues products, revisions, substitutions, replacements, profits, rents and all cash and non-cash proceeds of the foregoing.
Sale and Purchase of Mortgage Loans. (a) Subject to the terms and conditions of this Agreement, the Seller agrees to sell, and the Depositor agrees to purchase, on the date of issuance of the Securities, which is expected to be on or about [ ] (the “Closing Date”), the Mortgage Loans having an aggregate principal balance as of [ ] (the “Cut-off Date”), of $[ ], including all related [Mortgage Files and any Insurance Proceeds, REO Property, Liquidation Proceeds] and other recoveries relating to the Mortgage Loans, and all income, revenues, issues products, revisions, substitutions, replacements, profits, rents and all cash and non-cash proceeds of the foregoing.
Sale and Purchase of Mortgage Loans. (a) Subject to the terms and conditions of this Agreement, SFM agrees to sell, and SAXON agrees to purchase, on the date of the issuance of the Certificates, which is expected to be on or about March 7, 2007 (the “Closing Date”), the Mortgage Loans having an aggregate principal balance as of February 1, 2007 (the “Cut-off Date”) (or, in the case of Mortgage Loans originated after the Cut-off Date but on or prior to the date of this Agreement, the date of origination), of approximately $622,167,806.96.
Sale and Purchase of Mortgage Loans. (a) Any redemption of a Class of Notes pursuant to Article X of the Indenture may be funded through the sale of some or all of the Mortgage Loans and REO Properties remaining in the Trust at a price equal to not less than (A) the total outstanding balance of the related Class plus any sums due to the Insurer or (B) the greater of (x) the aggregate Purchase Price of all such Mortgage Loans in the related Group, plus the appraised value of each such REO Property in the related Group, if any, to be sold, such appraisal to be conducted by an appraiser mutually agreed upon by the Trust, the purchaser and the Indenture Trustee in their reasonable discretion (and approved by the Insurer in its reasonable discretion) and (y) the aggregate fair market value of all of the assets to be sold (as determined by the Trust, the purchaser, the Insurer (to the extent the Insurer is not the purchaser) and the Indenture Trustee) as of the close of business on the third Business Day next preceding the date upon which notice of any such Note Redemption is furnished to Noteholders.
Sale and Purchase of Mortgage Loans. Subject to the terms and conditions of this Agreement, Seller agrees to sell, and Purchaser, subject to the terms and conditions hereof, agrees to purchase, all Mortgage Loans listed on Schedule A, having an approximate aggregate principal balance as of the Cut-off Date of $148,583,000.
Sale and Purchase of Mortgage Loans. 61 SECTION 10.03. [RESERVED]...........................................................................62 ARTICLE XI [RESERVED]
Sale and Purchase of Mortgage Loans. (a) [Purchase and Sale of Initial Mortgage Loans.] Subject to the terms and conditions of this Agreement, the Seller agrees to sell, and the Depositor agrees to purchase, on the date of issuance of the Securities, which is expected to be on or about [ ] (the “Closing Date”), the [Initial] Mortgage Loans [(exclusive of the servicing rights related thereto)] having an aggregate principal balance as of [ ] (the “Cut-off Date”), of approximately $[ ].
Sale and Purchase of Mortgage Loans. SECTION 10.01. TERMINATION UPON EARLY REDEMPTION OF THE NOTES OR LIQUIDATION OF ALL MORTGAGE LOANS; RIGHT OF SERVICER AND INSURER TO PURCHASE MORTGAGE LOANS.......................................55
Sale and Purchase of Mortgage Loans. (a) Any redemption of the Notes pursuant to Article X of the Indenture may be funded through the sale of some or all of the Mortgage Loans and REO Properties remaining in the Trust at a price equal to not less than the greater of (A) the aggregate Purchase Price of all such Mortgage Loans, plus the appraised value of each such REO Property, if any, to be sold, such appraisal to be conducted by an appraiser mutually agreed upon by the Trust, the purchaser and the Indenture Trustee in their reasonable discretion (and approved by the Insurer in its reasonable discretion) and (B) the aggregate fair market value of all of the assets to be sold (as determined by the Trust, the purchaser, the Insurer (to the extent the Insurer is not the purchaser) and the Indenture Trustee) as of the close of business on the third Business Day next preceding the date upon which notice of any such Note Redemption is furnished to Noteholders.
