Common use of Failure to Transfer Clause in Contracts

Failure to Transfer. A Seller Party fails to transfer the Purchased Assets to Administrative Agent for the benefit of the applicable Buyer (or with respect to Contributed Assets, fails to transfer such Contributed Assets to the applicable Underlying Entity) on the applicable Purchase Date (provided the Administrative Agent, on behalf of the applicable Buyer, has tendered the related Purchase Price).

Failure to Transfer. A Any Seller Party fails to either (i) transfer the Purchased Assets to Administrative Agent for the benefit of the applicable Buyer Buyer, or (or ii) transfer the Contributed Assets to REO Subsidiary, subject to the additional qualifications with respect to Contributed Assets, fails Unrecorded REO Properties on or prior to transfer such Contributed Assets to the applicable Underlying Entity) on the applicable Purchase Date (provided the Administrative Agent, on behalf of the applicable Buyer, has tendered the related Purchase Price).