Common use of Transfer Date Clause in Contracts

Transfer Date. On the Transfer Date: (a) Purchaser shall assume all Servicing responsibilities, and Seller and/or the Current Servicer shall cease all Servicing responsibilities, related to the Mortgage Loans; and (b) Seller shall assign to Purchaser all of Seller's right, title and interest in and to the Mortgage Loans with respect to the Servicing transferred.

Appears in 5 contracts

Samples: Mortgage Servicing Purchase and Sale Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-Af1), Mortgage Servicing Purchase and Sale Agreement (Merrill Lynch Mortgage Investors Trust, Series 2006-Af2), Mortgage Servicing Purchase and Sale Agreement (Merrill Lynch Investors Trust, Series 2006-A2)

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