Common use of Failure to Transfer Clause in Contracts

Failure to Transfer. Any Seller Party fails to either (i) transfer the Purchased Assets or pledge the Contributed REO Properties, as applicable, to Administrative Agent for the benefit the applicable Buyer or (ii) transfer Contributed REO Properties to the REO Subsidiary on the applicable Purchase Date (provided the Administrative Agent, on behalf of the applicable Buyer, has tendered the related Purchase Price).

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

Failure to Transfer. Any Seller Party fails to either (i) transfer the Purchased Assets or pledge the Contributed REO Properties, as applicable, to Administrative Agent for the benefit the applicable Buyer or (ii) transfer Contributed REO Properties to the an REO Subsidiary on the applicable Purchase Date (provided the Administrative Agent, on behalf of the applicable Buyer, has tendered the related Purchase Price).

Failure to Transfer. Any Seller Party fails to either (i) transfer the Purchased Assets or pledge the Transaction Mortgage Loans or Contributed REO Properties, as applicable, to Administrative Agent for the benefit the applicable Buyer or (ii) transfer Transaction Mortgage Loans to the Transaction Subsidiary or transfer Contributed REO Properties to the REO Subsidiary on the applicable Purchase Date (provided the Administrative Agent, on behalf of the applicable Buyer, Buyer has tendered the related Purchase Price).