Common use of Special Pool Purchase Contract Clause in Contracts

Special Pool Purchase Contract. Borrower acknowledges that Xxxxxx Mae is entering into an agreement with Lender (“Special Pool Purchase Contract”), pursuant to which, inter alia, (i) Lender shall agree to assign all of its rights under this Agreement to Xxxxxx Xxx, (ii) Xxxxxx Xxx shall accept the assignment of the rights, (iii) subject to the terms, limitations and conditions contained in the Special Pool Purchase Contract, Xxxxxx Mae shall agree to purchase a 100% participation interest in each Loan issued under this Agreement by issuing to Lender an DMBS, in the amount and for a term equal to the Loan purchased and backed by an interest in the Note and the Collateral Pool securing the Note, (iv) Lender shall agree to assign to Xxxxxx Xxx all of Lender’s interest in the Note and Collateral Pool securing the Note, and (v) Lender shall agree to service the loans evidenced by the Note.

Special Pool Purchase Contract. The Borrower acknowledges Parties acknowledge that Xxxxxx Mae Xxx is entering into an agreement with the Lender (“Special Pool Purchase Contract”), pursuant to which, inter alia, (i) the Lender shall agree to assign all of its rights under this Agreement to Xxxxxx XxxMae, (ii) Xxxxxx Xxx shall accept the assignment of the rights, (iii) subject to the terms, limitations and conditions contained set forth in the Special Pool Purchase Contract, Xxxxxx Mae shall agree to purchase a 100% participation interest in each Loan Advance issued under this Agreement by issuing to the Lender an DMBSa Xxxxxx Xxx MBS, in the amount and for a term equal to the Loan Advance purchased and backed by an interest in the Fixed Facility Note or the Variable Facility Note, as the case may be, and the Collateral Pool securing the NoteNotes, (iv) the Lender shall agree to assign to Xxxxxx Xxx Mae all of the Lender’s interest in the Note Notes and Collateral Pool securing the NoteNotes, and (v) the Lender shall agree to service the loans evidenced by the NoteNotes.

Special Pool Purchase Contract. The Borrower acknowledges Parties acknowledge that Xxxxxx Mae is entering into an agreement with the Lender (“Special Pool Purchase Contract”), pursuant to which, inter alia, (i) the Lender shall agree to assign all of its rights under this Agreement to Xxxxxx Xxx, (ii) Xxxxxx Xxx shall accept the assignment of the rights, (iii) subject to the terms, limitations and conditions contained set forth in the Special Pool Purchase Contract, Xxxxxx Mae shall agree to purchase a 100% participation interest in each Loan Advance issued under this Agreement by issuing to the Lender an DMBSa Xxxxxx Xxx MBS, in the amount and for a term equal to the Loan Advance purchased and backed by an interest in the Fixed Facility Note or the Variable Facility Note, as the case may be, and the Collateral Pool securing the NoteNotes, (iv) the Lender shall agree to assign to Xxxxxx Xxx Mae all of the Lender’s interest in the Note Notes and Collateral Pool securing the NoteNotes, and (v) the Lender shall agree to service the loans evidenced by the NoteNotes.

Special Pool Purchase Contract. The Borrower acknowledges Parties acknowledge that Xxxxxx Mae is entering into an agreement with the Lender (“"Special Pool Purchase Contract”"), pursuant to which, inter alia, (i) the Lender shall agree to assign all of its rights under this Agreement to Xxxxxx Xxx, (ii) Xxxxxx Xxx shall accept the assignment of the rights, (iii) subject to the terms, limitations and conditions contained set forth in the Special Pool Purchase Contract, Xxxxxx Mae shall agree to purchase a 100% participation interest in each Loan Advance issued under this Agreement by issuing to the Lender an DMBSa Xxxxxx Xxx MBS, in the amount and for a term equal to the Loan Advance purchased and backed by an interest in the Note and the Collateral Pool securing the NoteNotes, (iv) the Lender shall agree to assign to Xxxxxx Xxx Mae all of the Lender’s 's interest in the Note Notes and Collateral Pool securing the NoteNotes, and (v) the Lender shall agree to service the loans evidenced by the NoteNotes.