Examples of Loan in a sentence
The transfer of each Mortgage Loan shall be reflected on the Seller’s balance sheets and other financial statements as the sale of such Mortgage Loan by the Seller to the Purchaser.
The Purchaser intends to treat the transfer of each Mortgage Loan from the Seller as a purchase for tax purposes.
No Mortgage Loan has a shared appreciation feature, any other contingent interest feature or a negative amortization feature or an equity participation by the Seller.
The Seller intends to treat the transfer of each Mortgage Loan to the Purchaser as a sale for tax purposes.
The Purchaser shall be responsible for maintaining, and shall maintain, a set of records for each Mortgage Loan which shall be clearly marked to reflect the transfer of ownership of each Mortgage Loan by the Seller to the Purchaser pursuant to this Agreement.