Examples of Purchaser Mortgage in a sentence
The Asset Purchaser will use the net proceeds from the IC Loan, together with the Initial Savings Participation (if any) and any Asset Purchaser Principal Receipts, to pay to the relevant Seller the Initial Purchase Price for the purchase of the Relevant New Mortgage Receivables and Relevant Further Advance Mortgage Receivables pursuant to the Asset Purchaser Mortgage Receivables Purchase Agreement from time to time.
Upon or promptly after the Distribution Date, the Parties shall file and record, at the expense of Owner, the Purchaser Mortgage.
UNIT-III : Sale of Immovable Property, Definition of Sale and Contract to Sell, Rights and liabilities of Buyer and Seller, Marshalling by Subsequent Purchaser, Mortgage of Immovable Property, Definition of Mortgage, Kinds of Mortgage, Right of Redemption of Mortgagor and Equity of Redemption, Accession to mortgaged property, Subrogation, Priority, Cessation of Interest, Marshalling and Contribution, Prohibition of Tacking, Charge.
Furthermore, on each Asset Purchaser Accession Date, a new Asset Purchaser will enter into an Asset Purchaser Mortgage Receivables Purchase Agreement with the relevant Seller.
But this kind of description is not efficient enough to provide a good understanding of the teaching-learning process.
The Servicer is solvent.Section 2.01 The Servicer hereby recognizes that the Serviced Loans have been previously transferred to the Trustee in a securitization transaction pursuant to a Pooling and Servicing Agreement, dated as of May 1, 2006 (the Pooling Agreement), among the Purchaser, Mortgage Asset Securitization Transactions, Inc., the Trustee and Wells Fargo Bank, N.A., as master servicer (the Master Servicer), trust administrator (the Trust Administrator) and as custodian.
In addition, pursuant to the relevant Asset Purchaser Mortgage Receivables Purchase Agreement, Fortis Bank (Nederland) N.V. will be obliged to assign on each Monthly Payment Date any and all claims of the relevant Seller under Revolving Credit Mortgage Loans to the extent not previously assigned.
ASSET PURCHASER MORTGAGE RECEIVABLES PURCHASE AGREEMENTS On the Programme Closing Date each Seller and the relevant Asset Purchaser will enter into an Asset Purchaser Mortgage Receivables Purchase Agreement.
Under the relevant Asset Purchaser Mortgage Receivables Purchase Agreement on each Mortgage Purchase Date the relevant Seller (i) may sell New Mortgage Receivables and the Beneficiary Rights relating thereto, to the relevant Asset Purchaser and (ii) will sell all Further Advance Receivables relating to Further Advances granted by this Seller in the preceding Mortgage Collection Period and the Beneficiary Rights relating thereto to such Asset Purchaser, subject to certain conditions.
See Asset Purchaser Mortgage Receivables Purchase Agreement below.