Sale Date. Each date on which the Servicer acquires the right, title and interest in and to the Servicing Rights attendant to Mortgage Loans.
Sale Date. On the Sale Date:
(a) All indicia of legal ownership to the Servicing, including all legal rights, obligations and duties with respect to the Servicing, shall be transferred to Purchaser as provided herein;
(b) The following documents shall be exchanged between the parties:
(i) this Agreement, duly executed by each of the parties hereto; and
(ii) the Interim Servicing Agreement, duly executed by each of the parties hereto.
(c) Seller shall assign to Purchaser its rights to receive the servicing fees and all incidental fees on the Mortgage Loans subject to the Interim Servicing Agreement; and
(d) Purchaser shall pay to Seller the portion of the Purchase Price due on the Sale Date.
Sale Date. On the Sale Date, the Mortgage File related to each Mortgage Loan will be delivered to Custodian; provided, that to the extent that any such documents have not been returned from the applicable public recording office, a true certified copy of the original thereof together with a certification that the original has been delivered for recording in the appropriate public recording office of the jurisdiction in which the Mortgaged Property is located shall be delivered to the Custodian, for the benefit of Purchaser. Seller shall, in connection with such delivery:
(a) with respect to each mortgage loan that is not a Cooperative Loan:
(i) cause the related Mortgage Note to be endorsed either “Pay to the order of U.S. Bank National Association, as custodian/trustee, without recourse” or “Pay to the order of __________________________, without recourse”; and
(ii) assign to either U.S. Bank National Association, as custodian/trustee, or blank, the related Mortgage by an Assignment of Mortgage signed by Seller or the originator of the Mortgage Loan, in either case showing a complete chain of title from Seller or such originator and in form and substance acceptable for recording (except with respect to Assignments of Mortgage in blank which shall be acceptable for recording upon insertion of the assignee’s name).
(b) and, with respect to each Cooperative Loan:
(i) cause the related Mortgage Note to be endorsed to “Pay to the order of U.S. Bank National Association, as custodian/trustee, without recourse” or “Pay to the order of __________________________, without recourse”; Pursuant to the Custodial Agreement, the Custodian shall notify the Purchaser and the Seller if any document or documents constituting a part of the Mortgage File are missing or defective in respect of the items reviewed by it pursuant to the Custodial Agreement. The Purchaser shall notify the Seller and the Custodian of any such omission or defect which it finds in respect of any Mortgage Loan. If such omission or defect materially and adversely affect the interests of the Purchaser in the Mortgage Loan, the Seller shall correct or cure such omission or defect within 60 days from the date the Seller was notified of such omission or defect and, if the Seller does not correct or cure such omission or defect within such period, then the Seller shall purchase such Mortgage Loan from the Purchaser within 10 days from the expiration of such 60-day period by depositing in immediately available funds th...
Sale Date. The sale date of a bond is the first day on which there is a binding contract in writing for the sale or exchange of the bond.
Sale Date. July 28, 2006.
Sale Date. (i) With respect to the Initial Receivables, each date from and including the Closing Date to the Effective Date on which such Initial Receivable was sold and/or contributed, assigned, transferred and conveyed by OLS, as receivables seller, to the Depositor pursuant to the terms of the Original Receivables Sale Agreement and (ii) with respect to any Additional Receivables, each date from and including the Effective Date to the Receivables Sale Termination Date on which such Additional Receivable is sold and/or contributed, assigned, transferred and conveyed by HLSS, as receivables seller, to the Depositor pursuant to the terms of this Agreement.
Sale Date. LeapFrog Products will be considered sold on the date of invoice or the date of shipment, whichever is earlier, and, if not sold but otherwise disposed of by lease, give-away, placement on consignment or otherwise on the date of shipment.
Sale Date. Sale Date" has the meaning set forth in the Master Separation and Sale Agreement.
Sale Date. Close of business on December 8, 2011, or such other date as may be mutually agreed to in writing by Seller and Purchaser. Seller: as defined in the introduction hereof.
