Ability to Perform; Solvency. The Purchaser does not believe, nor does it have any reason or cause to believe, that it cannot perform each and every covenant contained in this Agreement. The Purchaser is solvent and the purchase of the Mortgage Loans will not cause the Purchaser to become insolvent. The purchase of the Mortgage Loans is not undertaken with the intent to hinder, delay or defraud any of the Purchaser's creditors.
Appears in 2 contracts
Samples: Mortgage Loan Purchase Agreement (Bay View Capital Corp), Mortgage Loan Purchase Agreement (Bay View Capital Corp)
Ability to Perform; Solvency. The Purchaser does not believe, nor does it have any reason or cause to believe, that it cannot perform each and every covenant contained in this Agreement. The Purchaser is solvent and the purchase acquisition of the Mortgage Loans will not cause the Purchaser to become insolvent. The purchase of the Mortgage Loans is not undertaken with the intent to hinder, delay or defraud any of the Purchaser's creditors.
Appears in 2 contracts
Samples: Assignment and Recognition Agreement (Morgan Stanley ABS Capital I Inc. IXIS Real Estate Capital Trust 2007-He1), Assignment and Recognition Agreement (Natixis Real Estate Capital Trust 2007-He2)
