Common use of Payment of Purchase Price for the Mortgage Loans Clause in Contracts

Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date the "Purchase Price" consisting of (i) an amount, payable by transfer of immediately available funds, equal to the net sale proceeds received by the Purchaser for its sale of the Class 1A-1 Certificates, the Class 2A-1 Certificates, the Class 2A-2 Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates and the Class M-5 Certificates (collectively, the "Offered Certificates") and (ii) the delivery to the Seller or its designee of the Class C Certificates, the Class P Certificates and the Class R Certificates (collectively the "Non-Offered Certificates"), which Non-Offered Certificates shall be registered in the name of the Seller or its designee. The Seller shall pay, and be billed directly for, all reasonable expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus (the "Base Prospectus") and prospectus supplement (the "Prospectus Supplement" and, together with the Base Prospectus, the "Prospectus") relating to the Offered Certificates, blue sky registration fees and expenses, fees and expenses of Purchaser's counsel, fees of the rating agencies requested to rate the Certificates, accountant's fees and expenses and the initial fees and expenses of the Trustee, the Trust Administrator, the Custodian and the Master Servicer and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp Fremont Home Loan Trust 2003 A)

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Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date (the "Purchase Price" consisting ") by transfer of (i) an amount, payable by transfer of immediately available funds, funds in an amount equal to the net sale proceeds received by the Purchaser for its sale of the Class 1A-1 I-A-1 Certificates, the Class 2A-1 I-A-2 Certificates, the Class 2A-2 II-A-1 Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates and the Class M-5 M-3 Certificates (collectively, the "Offered Certificates") and (ii) the delivery to the Seller or its designee of the Class C Certificates, the Class P Certificates and Certificates, the Class R Certificates and the Dividend Account Certificate (collectively the "Non-Offered Option One Certificates"), ) which Non-Offered Option One Certificates shall be registered in the name of the Seller Option One Mortgage Securities Corp. or its designee. The Seller Option One shall pay, and be billed directly for, all reasonable expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus (the "Base Prospectus") and prospectus supplement (the "Prospectus Supplement" and, together with the Base Prospectus, the "Prospectus") relating to the Offered Certificates, blue sky registration fees and expenses, fees and expenses of Purchaser's counsel, fees of the rating agencies requested to rate the Certificates, accountant's fees and expenses and the initial fees and expenses of the Trustee, the Trust Administrator, the Custodian and the Master Servicer Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Assets Sec Corp First Frank Mort Ln Tr 2002-Ff1)

Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date (the "Purchase Price" consisting ") by transfer of (i) an amount, payable by transfer of immediately available funds, funds in an amount equal to the net sale proceeds received by the Purchaser for its sale of the Class 1A-1 A Certificates, the Class 2A-1 Certificates, the Class 2A-2 Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Mezzanine Certificates and the Class M-5 S Certificates (collectively, the "Offered Certificates") and (ii) the delivery to the Seller or its designee of the Class C Certificates, the Class P Certificates, the Class X Certificates and the Class R Certificates (collectively the "Non-Offered Retained Certificates"), ) which Non-Offered Retained Certificates shall be registered in the name of the Seller Greenwich Capital Financial Products, Inc. or its designee. The Seller shall pay, and be billed directly for, all reasonable expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus (the "Base Prospectus") and prospectus supplement (the "Prospectus Supplement" and, together with the Base Prospectus, the "Prospectus") relating to the Offered Certificates, blue sky registration fees and expenses, fees and expenses of Purchaser's counsel, fees of the rating agencies requested to rate the Certificates, accountant's fees and expenses and the initial fees and expenses of the Trustee, the Trust Administrator, the Custodian and the Master Servicer Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2003-FFC)

Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date (the "Purchase Price" consisting ") by transfer of (i) an amount, payable by transfer of immediately available funds, funds in an amount equal to the net sale proceeds received by the Purchaser for its sale of the Class 1A-1 Certificates, the Class 2A-1 Certificates, the Class 2A-2 A Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates and the Class M-5 S Certificates (collectively, the "Offered Certificates") and (ii) the delivery to the Seller or its designee of the Class C Certificates, the Class P Certificates and the Class R Certificates (collectively the "Non-Offered Option One Certificates"), ) which Non-Offered Option One Certificates shall be registered in the name of the Seller or its designee. Option One Mortgage Securities Corp. The Seller shall pay, and be billed directly for, all reasonable expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus (the "Base Prospectus") and prospectus supplement (the "Prospectus Supplement" and, together with the Base Prospectus, the "Prospectus") relating to the Offered Certificates, blue sky registration fees and expenses, fees and expenses of Purchaser's counsel, fees of the rating agencies requested to rate the Certificates, accountant's fees and expenses and the initial fees and expenses of the Trustee, the Trust Administrator, the Custodian and the Master Servicer Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mort Accept Corp Asset Backed Cert Ser 2000-2)

Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date (the "Purchase Price" consisting ") by transfer of (i) an amount, payable by transfer of immediately available funds, funds in an amount equal to the net sale proceeds received by the Purchaser for its sale of the Class 1A-1 Certificates, the Class 2A-1 Certificates, the Class 2A-2 A Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates and the Class M-5 M-3 Certificates (collectively, the "Offered Certificates") and (ii) the delivery to the Seller or its designee of the Class C Certificates, the Class P Certificates and the Class R Certificates (collectively the "Non-Offered Option One Certificates"), ) which Non-Offered Option One Certificates shall be registered in the name of the Seller or its designee. Option One Mortgage Securities Corp. The Seller shall pay, and be billed directly for, all reasonable expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus (the "Base Prospectus") and prospectus supplement (the "Prospectus Supplement" and, together with the Base Prospectus, the "Prospectus") relating to the Offered Certificates, blue sky registration fees and expenses, fees and expenses of Purchaser's counsel, fees of the rating agencies requested to rate the Certificates, accountant's fees and expenses and the initial fees and expenses of the Trustee, the Trust Administrator, the Custodian and the Master Servicer Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mortgage Acceptance Corp Ass Back Cert Ser 2000 4)

Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date (the "Purchase Price" consisting ") by transfer of (i) an amount, payable by transfer of immediately available funds, funds in an amount equal to the net sale proceeds received by the Purchaser for its sale of the Class 1A-1 A-1 Certificates, the Class 2A-1 Certificates, the Class 2A-2 A-2 Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates and the Class M-5 Certificates (collectively, the "Offered Certificates") and the Class R Certificates and (ii) the delivery to the Seller or its designee of the Class C Certificates, the Class P Certificates and the Class R R-X Certificates (collectively together with the Class R Certificates, the "Non-Offered Certificates"), ) which Non-Offered Certificates shall be registered in the name of the Seller Greenwich Capital Financial Products, Inc. or its designee. The Seller shall pay, and be billed directly for, all reasonable expenses incurred by the Purchaser in connection with the issuance of the CertificatesCertcificates, including, without limitation, printing fees incurred in connection with the prospectus (the "Base Prospectus") and prospectus supplement (the "Prospectus Supplement" and, together with the Base Prospectus, the "Prospectus") relating to the Offered Certificates, blue sky registration fees and expenses, fees and expenses of Purchaser's counsel, fees of the rating agencies requested to rate the Certificates, accountant's fees and expenses and the initial fees and expenses of the Trustee, the Trust Administrator, the Custodian Trustee and the Master Servicer its counsel and other out-of-of- pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fremont Home Loan Trust 2003-3 Asset Backed Certs)

Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date (the "Purchase Price" consisting of (i") an amount, payable by transfer of immediately available funds, funds in an amount equal to the net sale proceeds received by the Purchaser for its sale of the (i) Class 1A-1 A-1 Certificates, the Class 2A-1 A-2 Certificates, the Class 2A-2 M-1H Certificates, the Class M-1 M-1A Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates M-4A Certificates, the Class M-4F Certificates, the Class M-5A Certificates, and the Class M-5 M-5F Certificates (collectively, the "Offered Certificates") and (ii) the delivery to the Seller or its designee of the Class C Certificates, the Class P Certificates, the Class R Certificates and the Class R R-X Certificates (collectively the "Non-Offered Certificates"), ) which Non-Non- Offered Certificates shall be registered in the name of the Seller Greenwich Capital Markets, Inc. or its designee. The Seller shall pay, and be billed directly for, all reasonable expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus (the "Base Prospectus") and prospectus supplement (the "Prospectus Supplement" and, together with the Base Prospectus, the "Prospectus") relating to the Offered Certificates, blue sky registration fees and expenses, fees and expenses of Purchaser's counsel, fees of the rating agencies requested to rate the Certificates, accountant's fees and expenses and the initial fees and expenses of the Trustee, the Trust Administrator, the Custodian and the Master Servicer Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp Fremont Home Ln Tr 2003-2)

Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date (the "Purchase Price" consisting ”) by transfer of (i) an amount, payable by transfer of immediately available funds, funds in an amount equal to the net sale proceeds received by the Purchaser for its sale of the Class 1A-1 A Certificates, the Mezzanine Certificates, the Class 2A-1 Certificates, the Class 2A-2 Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates and the Class M-5 Certificates (collectively, the "Offered Certificates") and (ii) the delivery to the Seller or its designee of the Class C Certificates, the Class P B Certificates and the Class R Certificates (collectively ii) the "Non-Offered Class C Certificates and the Class P Certificates (together, the “Retained Certificates"), which Non-Offered Certificates shall be registered in the name of the Seller or its designee. The Seller shall pay, and be billed directly for, all reasonable expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus (the "Base Prospectus") and prospectus supplement (the "Prospectus Supplement" and, together with the Base Prospectus, the "Prospectus") relating to the Offered Class A Certificates and the Mezzanine Certificates, blue sky registration fees and expenses, fees and expenses of Purchaser's ’s counsel, fees of the rating agencies Rating Agencies requested to rate the Class A Certificates and the Mezzanine Certificates, accountant's ’s fees and expenses and the initial fees and expenses of the Trustee, the Trust Administrator, the Custodian and the Master Servicer Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Equifirst Mortgage Loan Trust 2005-1)

Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date (the "Purchase Price" consisting ") by transfer of (i) an amount, payable by transfer of immediately available funds, funds in an amount equal to the net sale proceeds received by the Purchaser for its sale of the Class 1A-1 A-1 Certificates, the Class 2A-1 Certificates, the Class 2A-2 A-2 Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates and the Class M-5 Certificates (collectively, the "Offered Certificates") and (ii) the delivery to the Seller or its designee of the Class C Certificates, the Class P Certificates, the Class R Certificates and the Class R R-X Certificates (collectively the "Non-Offered Certificates"), ) which Non-Non- Offered Certificates shall be registered in the name of the Seller Greenwich Capital Markets, Inc. or its designee. The Seller shall pay, and be billed directly for, all reasonable expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus (the "Base Prospectus") and prospectus supplement (the "Prospectus Supplement" and, together with the Base Prospectus, the "Prospectus") relating to the Offered Certificates, blue sky registration fees and expenses, fees and expenses of Purchaser's counsel, fees of the rating agencies requested to rate the Certificates, accountant's fees and expenses and the initial fees and expenses of the Trustee, the Trust Administrator, the Custodian and the Master Servicer Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Securities Corp Fremont Loan Tr 2003-1)

Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date (the "Purchase Price" consisting ") by transfer of (i) an amount, payable by transfer of immediately available funds, funds in an amount equal to the net sale proceeds received by the Purchaser for its sale of the Class 1A-1 Certificates, the Class 2A-1 Certificates, the Class 2A-2 A Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates and the Class M-5 M-3 Certificates (collectively, the "Offered Certificates") and (ii) the delivery to the Seller or its designee of the Class C Certificates, the Class P Certificates and the Class R Certificates (collectively the "Non-Offered Option One Certificates"), ) which Non-Offered Option One Certificates shall be registered in the name of the Seller or its designee. Option One Mortgage Securities Corp. The Seller Originator shall pay, and be billed directly for, all reasonable expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus (the "Base Prospectus") and prospectus supplement (the "Prospectus Supplement" and, together with the Base Prospectus, the "Prospectus") relating to the Offered Certificates, blue sky registration fees and expenses, fees and expenses of Purchaser's counsel, fees of the rating agencies requested to rate the Certificates, accountant's fees and expenses and the initial fees and expenses of the Trustee, the Trust Administrator, the Custodian and the Master Servicer Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mortgage Acceptance Corp Ass Back Cert Ser 2000 4)

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Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date (the "Purchase Price" consisting ") by transfer of (i) an amount, payable by transfer of immediately available funds, funds in an amount equal to the net sale proceeds received by the Purchaser for its sale of the Class 1A-1 Certificates, I-F1 Certificates and the Class 2A-1 Certificates, the Class 2A-2 II-A1 Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates and the Class M-5 M-3 Certificates (collectively, the "Offered Certificates") and (ii) the delivery to the Seller or its designee of the Class C Certificates, the Class P Certificates and the Class R Certificates (collectively the "Non-Offered Certificates"), which Non-Offered Certificates shall be registered in the name of the Seller or its designee. The Seller shall pay, and be billed directly for, all reasonable expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus (the "Base Prospectus") and prospectus supplement (the "Prospectus Supplement" and, together with the Base Prospectus, the "Prospectus") relating to the Offered Certificates, blue sky registration fees and expenses, fees and expenses of Purchaser's counsel, fees of the rating agencies requested to rate the Certificates, accountant's fees and expenses and the initial fees and expenses of the Trustee, the Trust Administrator, the Custodian and the Master Servicer Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Securities Corp Asset Back Cert Ser 2003-1)

Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date (the "Purchase Price" consisting ") by transfer of (i) an amount, payable by transfer of immediately available funds, funds in an amount equal to the net sale proceeds received by the Purchaser for its sale of the Class 1A-1 A Certificates, the Mezzanine Certificates, the Class 2A-1 Certificates, the Class 2A-2 Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates and the Class M-5 Certificates (collectively, the "Offered Certificates") and (ii) the delivery to the Seller or its designee of the Class C Certificates, the Class P B-1 Certificates and the Class R Certificates and (collectively ii) the Class C Certificates and the Class P Certificates (together, the "Non-Offered Retained Certificates"), which Non-Offered Certificates shall be registered in the name of the Seller or its designee. The Seller shall pay, and be billed directly for, all reasonable expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus (the "Base Prospectus") and prospectus supplement (the "Prospectus Supplement" and, together with the Base Prospectus, the "Prospectus") relating to the Offered Class A Certificates and the Mezzanine Certificates, blue sky registration fees and expenses, fees and expenses of Purchaser's counsel, fees of the rating agencies requested to rate the Class A Certificates and the Mezzanine Certificates, accountant's fees and expenses and the initial fees and expenses of the Trustee, the Trust Administrator, the Custodian and the Master Servicer Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Securities Corp Asset Back Certs Ser 03-2)

Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date (the "Purchase Price" consisting ") by transfer of (i) an amount, payable by transfer of immediately available funds, funds in an amount equal to the net sale proceeds received by the Purchaser for its sale of the Class 1A-1 A-1 Certificates, the Class 2A-1 Certificates, the Class 2A-2 A-2 Certificates, the Class M-1 Certificates, the Class M-2 M-2A Certificates, the Class M-3 Certificates, the Class M-4 M-2B Certificates and the Class M-5 M-3 Certificates (collectively, the "Offered Certificates") and (ii) the delivery to the Seller or its designee of the Class C Certificates, the Class P Certificates, the Class R Certificates and the Class R R-X Certificates (collectively the "Non-Offered Certificates"), ) which Non-Offered 5 Certificates shall be registered in the name of the Seller Greenwich Capital Markets, Inc. or its designee. The Seller shall pay, and be billed directly for, all reasonable expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus (the "Base Prospectus") and prospectus supplement (the "Prospectus Supplement" and, together with the Base Prospectus, the "Prospectus") relating to the Offered Certificates, blue sky registration fees and expenses, fees and expenses of Purchaser's counsel, fees of the rating agencies requested to rate the Certificates, accountant's fees and expenses and the initial fees and expenses of the Trustee, the Trust Administrator, the Custodian and the Master Servicer Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp Asset Backed Certs Ser 2002-2)

Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date (the "Purchase Price" consisting ") by transfer of (i) an amount, payable by transfer of immediately available funds, funds in an amount equal to the net sale proceeds received by the Purchaser for its sale of the Class 1A-1 A Certificates, the Class 2A-1 Certificates, the Class 2A-2 Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Mezzanine Certificates and the Class M-5 Certificates (collectively, the "Offered B-1 Certificates") ; and (ii) the delivery to the Seller or its designee of the Class C Certificates, the Class P R Certificates and the Class R P Certificates (collectively together, the "Non-Offered Retained Certificates"), which Non-Offered Certificates shall be registered in the name of the Seller or its designee. The Seller shall pay, and be billed directly for, all reasonable expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus (the "Base Prospectus") and prospectus supplement (the "Prospectus Supplement" and, together with the Base Prospectus, the "Prospectus") relating to the Offered Class A Certificates and the Mezzanine Certificates, blue sky registration fees and expenses, fees and expenses of Purchaser's counsel, fees of the rating agencies requested to rate the Class A Certificates and the Mezzanine Certificates, accountant's fees and expenses and the initial fees and expenses of the Trustee, the Trust Administrator, the Custodian and the Master Servicer Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp Meritage Mortgage Loan Trust 2004 1)

Payment of Purchase Price for the Mortgage Loans. In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date (the "Purchase Price" consisting ") by transfer of (i) an amount, payable by transfer of immediately available funds, funds in an amount equal to the net sale proceeds received by the Purchaser for its sale of the Class 1A-1 A Certificates, the Class 2A-1 Certificates, the Class 2A-2 Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates and the Class M-5 Certificates (collectively, the "Offered Certificates") and (ii) the delivery to the Seller or its designee of the Class C Certificates, the Class P Mezzanine Certificates and the Class R Certificates and (collectively ii) the Class C Certificates and the Class P Certificates (together, the "Non-Offered Retained Certificates"), which Non-Offered Certificates shall be registered in the name of the Seller or its designee. The Seller shall pay, and be billed directly for, all reasonable expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus (the "Base Prospectus") and prospectus supplement (the "Prospectus Supplement" and, together with the Base Prospectus, the "Prospectus") relating to the Offered Class A Certificates and the Mezzanine Certificates, blue sky registration fees and expenses, fees and expenses of Purchaser's counsel, fees of the rating agencies requested to rate the Class A Certificates and the Mezzanine Certificates, accountant's fees and expenses and the initial fees and expenses of the Trustee, the Trust Administrator, the Custodian and the Master Servicer Trustee and other out-of-pocket costs, if any.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp Ast Back Certs Ser 2003-1)

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