Common Contracts
2 similar Letter Agreement contracts by New Century Financial Corp
NEW CENTURY MORTGAGE CORPORATIONLetter Agreement • August 13th, 2003 • New Century Financial Corp • Mortgage bankers & loan correspondents
In order to induce (i) SALOMON BROTHERS REALTY CORP. ("SBRC") to purchase Mortgage Loans from NC CAPITAL CORPORATION (the "Seller"), a wholly-owned subsidiary of NEW CENTURY MORTGAGE CORPORATION (the "Guarantor"), pursuant to the Purchase and Sale Agreement dated as of April 1, 2000 (the "Purchase and Sale Agreement") and related letter agreement, dated as of April 1, 2000 (the "Letter Agreement") and (ii) SALOMON SMITH BARNEY INC. ("SSB") to enter into a Global Master Repurchase Agreement with Seller with respect to certain residual securities issued in connection with the securitization of certain mortgage loans (the "Global PSA," and, collectively with the Purchase and Sale Agreement and the Letter Agreement, the "Agreements"), the Guarantor hereby absolutely, unconditionally and irrevocably guarantees the due and punctual payment of the Seller's obligations under the Agreements when and as due, whether at stated payment dates, at maturity, by acceleration or otherwise, and all othe
NEW CENTURY MORTGAGE CORPORATIONLetter Agreement • August 13th, 2003 • New Century Financial Corp • Mortgage bankers & loan correspondents
In order to induce (i) SALOMON BROTHERS REALTY CORP. ("SBRC") to purchase Mortgage Loans from NC CAPITAL CORPORATION (the "Seller"), a wholly-owned subsidiary of NEW CENTURY MORTGAGE CORPORATION (the "Guarantor"), pursuant to the Purchase and Sale Agreement dated as of January 1, 2002 (the "Purchase and Sale Agreement") and related letter agreement, dated as of January 1, 2002 (the "Letter Agreement") and (ii) SALOMON SMITH BARNEY INC. ("SSB") to enter into a Global Master Repurchase Agreement with Seller with respect to certain residual securities issued in connection with the securitization of certain mortgage loans (the "Global PSA," and, collectively with the Purchase and Sale Agreement and the Letter Agreement, the "Agreements"), the Guarantor hereby absolutely, unconditionally and irrevocably guarantees the due and punctual payment of the Seller's obligations under the Agreements when and as due, whether at stated payment dates, at maturity, by acceleration or otherwise, and all
