Absolute Conveyance. It is the express intent of Seller and Buyer that the conveyance of the Assigned Rights and Obligations by Seller to Buyer be an absolute sale of the Assigned Rights and Obligations. It is, further, not the intention of the parties that such conveyance be deemed the grant or pledge of a security interest in the Loan by Seller to Buyer to secure a debt or other obligation of Seller.
Appears in 2 contracts
Sources: Mortgage Loan Sale Agreement, Mortgage Loan Sale Agreement (Resource Real Estate Opportunity REIT, Inc.)