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.
Appears in 5 contracts
Samples: Mortgage Servicing Purchase and Sale Agreement (Merrill Lynch Mortgage Investors Trust, Series 2006-Af2), Mortgage Servicing Purchase and Sale Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-A4), Mortgage Servicing Purchase and Sale Agreement (Merrill Lynch Investors Trust, Series 2006-A2)
