Transfers of Mortgage Loans at Election of Transferor. Subject to the conditions below, the Transferor may require the transfer of Mortgage Loans from the Trust to the Transferor as of the close of business on a Payment Date (the "Transfer Date"). In connection with any transfer, the Transferor Interest shall be reduced by the aggregate Asset Balances as of their Transfer Date of the Mortgage Loans transferred. On the fifth Business Day (the "Transfer Notice Date") before the Transfer Date designated in the notice, the Transferor shall give the Owner Trustee, the Indenture Trustee, the Master Servicer, and the Credit Enhancer a notice of the proposed transfer that contains a list of the Mortgage Loans to be transferred. These transfers of Mortgage Loans shall be permitted if the following conditions are satisfied:
Appears in 20 contracts
Samples: Sale and Servicing Agreement (Cwabs Inc), Sale and Servicing Agreement (Cwabs Inc), Sale and Servicing Agreement (Cwabs Inc)
Transfers of Mortgage Loans at Election of Transferor. Subject to the conditions below, the Transferor may require the transfer of Mortgage Loans in a Loan Group from the Trust to the Transferor as of the close of business on a Payment Date (the "Transfer Date"). In connection with any transfer, the related Allocated Transferor Interest shall be reduced by the aggregate Asset Balances as of their Transfer Date of the Mortgage Loans transferred. On the fifth Business Day (the "Transfer Notice Date") before the Transfer Date designated in the notice, the Transferor shall give the Owner Trustee, the Indenture Trustee, the Master Servicer, and the Credit Enhancer a notice of the proposed transfer that contains a list of the Mortgage Loans to be transferred. These transfers of Mortgage Loans shall be permitted if the following conditions are satisfied:
Appears in 16 contracts
Samples: Sale and Servicing Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2005-F), Sale and Servicing Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2005-E), Sale and Servicing Agreement (CWABS Revolving Home Equity Loan Trust Series, 2004-Q)
Transfers of Mortgage Loans at Election of Transferor. Subject to the conditions below, the Transferor may require the transfer of Mortgage Loans in a Loan Group from the Trust to the Transferor as of the close of business on a Payment Date (the "Transfer Date"). In connection with any transfer, the related Transferor Interest shall be reduced by the aggregate Asset Balances as of their Transfer Date of the Mortgage Loans transferred. On the fifth Business Day (the "Transfer Notice Date") before the Transfer Date designated in the notice, the Transferor shall give the Owner Trustee, the Indenture Trustee, the Master Servicer, and the Credit Enhancer a notice of the proposed transfer that contains a list of the Mortgage Loans to be transferred. These transfers of Mortgage Loans shall be permitted if the following conditions are satisfied:
Appears in 11 contracts
Samples: Sale and Servicing Agreement (CWABS Revolving Home Equity Loan Trust, Series 2004-M), Sale and Servicing Agreement (CWABS Revolving Home Equity Loan Trust, Series 2004-F), Sale and Servicing Agreement (CWABS Revolving Home Equity Loan Trust, Series 2004-N)
Transfers of Mortgage Loans at Election of Transferor. Subject to the conditions below, the Transferor may require the transfer of Mortgage Loans from the Trust to the Transferor as of the close of business on a Payment Date (the "“Transfer Date"”). In connection with any transfer, the Transferor Interest shall be reduced by the aggregate Asset Principal Balances as of their Transfer Date of the Mortgage Loans transferred. On the fifth Business Day (the "“Transfer Notice Date"”) before the Transfer Date designated in the notice, the Transferor shall give the Owner Trustee, the Indenture Trustee, the Master Servicer, and the Credit Enhancer Insurer a notice of the proposed transfer that contains a list of the randomly selected Mortgage Loans to be transferred. These transfers of Mortgage Loans shall be permitted if the following conditions are satisfied:
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Terwin Securitization LLC), Sale and Servicing Agreement (First Horizon Asset Securities Inc)
Transfers of Mortgage Loans at Election of Transferor. Subject to the conditions set forth below, the Transferor may may, but shall not be obligated to, require the transfer of Mortgage Loans from the Trust to the Transferor as of the close of business on a Payment Distribution Date (the "Transfer Date"). In connection with any transfer, the Transferor Interest shall be reduced by the aggregate Asset Balances as of their Transfer Date of the Mortgage Loans transferred. On the fifth [fifth] Business Day (the "Transfer Notice Date") before prior to the Transfer Date designated in the such notice, the Transferor shall give the Owner Trustee, the Indenture Trustee, the Master Servicer, and Servicer[and the Credit Enhancer Enhancer] a notice of the proposed transfer that contains a list of the Mortgage Loans to be transferred. These Such transfers of Mortgage Loans shall be permitted if upon satisfaction of the following conditions are satisfiedconditions:
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