Common use of Xxxx of Sale/Loan Transmittal Summary Form Clause in Contracts

Xxxx of Sale/Loan Transmittal Summary Form. The Seller shall deliver to the Purchaser: (i) a Xxxx of Sale that has been duly authorized and executed by an authorized officer of the Seller and the Eligible Lender Trustee for the benefit of the Seller, covering the applicable Loans offered by the Seller and accepted by the Purchaser as set forth thereon, selling, assigning and conveying to the Purchaser and its assignees all right, title (and with respect to legal title, to the Eligible Lender Trustee on behalf of the Purchaser) and interest of the Seller and the Eligible Lender Trustee for the benefit of the Seller, including the insurance interest of the Eligible Lender Trustee for the benefit of the Seller, in each of the related Loans, and stating that the representations and warranties made by the Seller in Sections 5(A) and (B) of this Master Terms Sale Agreement are true and correct on and as of the date of the Xxxx of Sale; and (ii) the Loan Transmittal Summary Form, attached to the Xxxx of Sale, identifying each of the Eligible Loans which is the subject of the Xxxx of Sale and setting forth the unpaid Principal Balance of each such Loan.