Common use of SECURITY INTEREST; BUYER’S APPOINTMENT AS ATTORNEY-IN-FACT Clause in Contracts

SECURITY INTEREST; BUYER’S APPOINTMENT AS ATTORNEY-IN-FACT. (a) Sellers and Buyer intend that the Transactions hereunder be sales to Buyer of the Purchased Assets and not loans from Buyer to the Seller secured by the Purchased Assets. However, in order to preserve Buyer’s rights under this Agreement in the event that a court or

Appears in 2 contracts

Samples: Master Repurchase Agreement (Sutherland Asset Management Corp), Master Repurchase Agreement (Sutherland Asset Management Corp)

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SECURITY INTEREST; BUYER’S APPOINTMENT AS ATTORNEY-IN-FACT. (a) Sellers Seller and Buyer intend that the Transactions hereunder be sales to Buyer of the Purchased Assets Loans and not loans from Buyer to the Seller secured by the Purchased AssetsLoans. However, in order to preserve Buyer’s rights under this Agreement in the event that a court or,

Appears in 1 contract

Samples: Master Repurchase Agreement (PHH Corp)

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SECURITY INTEREST; BUYER’S APPOINTMENT AS ATTORNEY-IN-FACT. (a) Sellers Each Seller and Buyer intend that the Transactions hereunder be sales to Buyer of the Purchased Assets Loans and not loans from Buyer to the any Seller secured by the Purchased AssetsLoans. However, in order to preserve Buyer’s rights under this Agreement in the event that a court or

Appears in 1 contract

Samples: Master Repurchase Agreement (Aames Investment Corp)

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