PRE-CLOSING AND CLOSING PROCEDURES. Section 2.01 Books and Records; Transfers of Mortgage Loans............ Section 2.02 Due Diligence by the Purchaser............................ Section 2.03 Identification of Mortgage Loan Package................... Section 2.04 Credit Document Deficiencies Identified During Due Diligence.................................................... Section 2.05
PRE-CLOSING AND CLOSING PROCEDURES. Section 2.01 Due Diligence by the Purchaser.
PRE-CLOSING AND CLOSING PROCEDURES. Section 2.01 Books and Records; Transfers of Mortgage Loans 10 Section 2.02 Due Diligence by the Purchaser. 11 Section 2.03 Identification of Mortgage Loan Package. 11 Section 2.04 Credit Document Deficiencies Identified During Due Diligence. 11 Section 2.05 Delivery of Collateral Files. 12 Section 2.06 Purchase Confirmation. 13 Section 2.07 Closing. 13 Section 2.08 Payment of the Purchase Proceeds. 14 Section 2.09 Entitlement to Payments on the Mortgage Loans. 14 Section 2.10 Payment of Costs and Expenses. 14 Section 2.11 MERS Mortgage Loans and the MERS System. 14
PRE-CLOSING AND CLOSING PROCEDURES. Section 2.01 Books and Records; Transfers of Mortgage Loans...............................................12 Section 2.02 Due Diligence by the Purchaser...............................................................13 Section 2.03 Identification of Mortgage Loan Package......................................................13 Section 2.04 Credit Document Deficiencies Identified During Due Diligence.................................13 Section 2.05 Delivery of Collateral Files.................................................................14 Section 2.06 Purchase Confirmation........................................................................14 Section 2.07 Closing......................................................................................14 Section 2.08 Payment of the Purchase Proceeds.............................................................14 Section 2.09 Entitlement to Payments on the Mortgage Loans................................................14 Section 2.10 Payment of Costs and Expenses................................................................14 Section 2.11 MERS Mortgage Loans and the MERS System......................................................14
PRE-CLOSING AND CLOSING PROCEDURES. Section 2.01
PRE-CLOSING AND CLOSING PROCEDURES. Section 2.01 Books and Records; Transfers of Mortgage Loans Section 2.02 Due Diligence by the Purchaser. Section 2.03 Identification of Mortgage Loan Package.
PRE-CLOSING AND CLOSING PROCEDURES. Section 2.01 Agreement to Purchase; Conveyance from Countrywide to Purchaser. Countrywide agrees to sell, and the Purchaser agrees to purchase, from time-to-time, Mortgage Loans having a Cut-off Date Balance in an amount as set forth in the related Trade Confirmation, or in such other amount as agreed by the Purchaser and Countrywide as evidenced by the actual aggregate principal balance of the Mortgage Loans accepted by the Purchaser on the related Closing Date. Countrywide, simultaneously with the payment of the Purchase Proceeds, shall execute and deliver to the Purchaser a Purchase Confirmation with respect to the related Mortgage Loan Package in the form attached hereto as Exhibit B. The Servicing File retained by Countrywide with respect to each Mortgage Loan pursuant to this Agreement shall be appropriately identified in Countrywide's computer system to reflect clearly the sale of such related Mortgage Loan to the Purchaser. Countrywide shall release from its custody the contents of any Servicing File retained by it only in accordance with the Servicing Agreement, except when such release is required in connection with a repurchase of any such Mortgage Loan pursuant to Section 3.03 of this Agreement.
PRE-CLOSING AND CLOSING PROCEDURES. Section 2.01 Possession of Credit Files. 13 Section 2.02 Closing. 14 Section 2.03 Closing Documents. 14
PRE-CLOSING AND CLOSING PROCEDURES. Section 2.01 Books and Records; Transfers of Mortgage Loans 13 Section 2.02 Due Diligence by the Purchaser 13 Section 2.03 Identification of Mortgage Loan Package 14 Section 2.04 Credit Document Deficiencies Identified During Due Diligence 14 Section 2.05 Delivery of Collateral Files 14 Section 2.06 Purchase Confirmation 16 Section 2.07 Closing 16 Section 2.08 Payment of the Purchase Proceeds 16 Section 2.09 Entitlement to Payments on the Mortgage Loans 17 Section 2.10 Payment of Costs and Expenses 17 Section 2.11 MERS Mortgage Loans and the MERS System 17 ARTICLE III REPRESENTATIONS AND WARRANTIES; REMEDIES FOR BREACH Section 3.01 Representations and Warranties Respecting Indymac 18 Section 3.02 Representations and Warranties Regarding Individual Mortgage Loans 20 Section 3.03 Remedies for Breach of Representations and Warranties 31 Section 3.04 Accrual of Cause of Action 33 ARTICLE IV ADMINISTRATION AND SERVICING OF MORTGAGE LOANS Section 4.01 Indymac to Act as Servicer 33 ARTICLE V COVENANTS BY INDYMAC Section 5.01 Indemnification by Indymac 33 Section 5.02 [Reserved] 33 Section 5.03 Merger or Consolidation of Indymac 34
PRE-CLOSING AND CLOSING PROCEDURES. 10 Section 2.01 Agreement to Purchase; Conveyance from Countrywide to Purchaser.......................................... 10 Section 2.02 Due Diligence by the Purchaser............................ 11 Section 2.03 Identification of Mortgage Loan Package................... 12 Section 2.04 Credit Document Deficiencies Identified During Due Diligence.......................................... 12 Section 2.05 Delivery of Collateral Files.............................. 12 Section 2.06 Purchase Confirmation..................................... 13 Section 2.07 Closing................................................... 13 Section 2.08 Purchase Proceeds......................................... 13 Section 2.09
