Common use of Sale and Purchase of Mortgage Loans Clause in Contracts

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.

Appears in 2 contracts

Samples: Mortgage Loan Purchase Agreement (HomeBanc Mortgage Trust 2006-2), Mortgage Loan Purchase Agreement (Homebanc Corp)

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Sale and Purchase of Mortgage Loans. (a) Subject to the terms and conditions of this Agreement, the Seller hereby sellsagrees to sell, 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 30March 31, 2006 2005 (the “Closing Date”), and the Depositor hereby purchases, the Mortgage Loans having an aggregate principal balance as of November March 1, 2006 2005 (the “Cut-off Date”), of $456,337,191.70176,016,494, 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.

Appears in 2 contracts

Samples: Mortgage Loan Purchase Agreement (Homebanc Corp), Mortgage Loan Purchase Agreement (HomeBanc Mortgage Trust 2005-2)

Sale and Purchase of Mortgage Loans. (a) Subject to the terms and conditions of this Agreement, the Seller hereby sellsagrees to sell, 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 August 30, 2006 2005 (the “Closing Date”), and the Depositor hereby purchases, the Mortgage Loans having an aggregate principal balance as of November August 1, 2006 2005 (the “Cut-off Date”), of $456,337,191.701,120,598,134, 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.

Appears in 2 contracts

Samples: Mortgage Loan Purchase Agreement (Homebanc Corp), Mortgage Loan Purchase Agreement (HomeBanc Mortgage Trust 2005-4)

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Sale and Purchase of Mortgage Loans. (a) Subject to the terms and conditions of this Agreement, the Seller hereby sellsagrees to sell, 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 2005 (the “Closing Date”), and the Depositor hereby purchases, the Mortgage Loans having an aggregate principal balance as of November 1, 2006 2005 (the “Cut-off Date”), of $456,337,191.701,000,713,642, 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.

Appears in 2 contracts

Samples: Mortgage Loan Purchase Agreement (Homebanc Corp), Mortgage Loan Purchase Agreement (HomeBanc Mortgage Trust 2005-5)

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