Transferred Loans. (a) Seller will transfer to Buyer as of the Effective Time, subject to the terms and conditions of this Agreement, all of Seller's right, title and interest in (including accrued but unpaid interest and late charges and collateral relating thereto) the loans identified on Exhibit 2.4(a) hereto and loans originated at the Branches by Seller after the date of this Agreement in accordance with Section 7.9 ("Transferred Loans"). The following shall be adjustments to the Transferred Loans:
Transferred Loans. The full original principal amount of each Transferred Loan (net of any discounts) has been fully advanced or disbursed to the borrower named therein, there is no requirement for future advances, and any and all requirements as to completion of any on-site or off-site improvements and as to disbursements of any escrow funds therefor have been satisfied; except where the terms of the Transferred Loans have not required advances or disbursements and except for future advances or commitments documented as part of the terms of the Transferred Loans. All costs, fees and expenses incurred in making, closing or recording the Transferred Loan were paid, and the borrower is not entitled to a refund in respect of any amounts so paid. There is no obligation on the part of Seller to make supplemental payments in addition to those made by the borrower.
Transferred Loans. The mortgage and non-mortgage loans (including participation interests) listed on Exhibit 3.1(a) attached hereto (the "Transferred Loans"); (b)
Transferred Loans. (a) The “
Transferred Loans. Except as set forth in Schedule 7.2.12, as of the date hereof no Transferred Loan is in default.
Transferred Loans. (a) Seller agrees to transfer to Purchaser as of the Effective Time, subject to the terms and conditions of this Agreement, all of Seller’s right, title and interest in (including collateral relating thereto) the Transferred Loans. The Transferred Loans shall be transferred by means of a blanket (collective) assignment; provided, however, that, to the extent required by law, Seller shall provide Purchaser with a power of attorney authorizing Purchaser to execute individual assignments of the Transferred Loans on behalf of Seller, and to the extent necessary, shall use its commercially reasonable efforts to procure for Purchaser an assignment from the Receiver authorizing Purchaser to execute such assignments, or shall, at the request of Purchaser, to the extent practicable, execute assignments for each such Transferred Loan.
Transferred Loans. 6 (b) Mortgages . . . . . . . . . . . . . . . . . 6 (c)
Transferred Loans. (a) Seller agrees to transfer to Purchaser as of the Effective Time, subject to the terms and conditions of this Agreement, all of Seller’s right, title and interest in (including collateral relating thereto) the Transferred Loans, which shall include any and all escrows of property Taxes and insurance with respect to such Transferred Loans. The Transferred Loans shall be transferred by means of a blanket (collective) assignment; provided, however, that, to the extent required by law, Seller shall provide Purchaser with a power of attorney authorizing Purchaser to execute individual assignments of the Transferred Loans on behalf of Seller, and to the extent necessary, shall use its commercially reasonable efforts to procure for Purchaser an assignment from the Receiver authorizing Purchaser to execute such assignments, or shall, at the request of Purchaser, to the extent practicable, execute assignments for each such Transferred Loan.
Transferred Loans. Upon the terms and subject to the conditions of this Agreement, Buyer shall assume, effective as of the Closing, and shall pay, perform and discharge when due, any and all obligations, liabilities and commitments of the Seller of any nature, whether known or unknown, express or implied, primary or secondary, direct or indirect, liquidated, absolute, accrued, contingent or otherwise and whether due or to become due, in each case to the extent arising out of and relating to the Transferred Loans, on and after the Closing (collectively, the “Assumed Liabilities”).
Transferred Loans. Section 4.4 of the Disclosure Letter sets forth the amounts outstanding under the Transferred Loans as of the Execution Date.
