Purchase and Sale of Contracts. At the Closing Date, Seller shall sell, transfer, assign and deliver to Purchaser, and Purchaser shall purchase, accept, and receive from Seller, a Pool of Contracts, subject to the terms of this Agreement. At any time after the Closing Date, Seller may, from time to time, submit additional Contracts or Pools of Contracts to Purchaser for purchase in accordance with, and subject to, the terms and provisions of this Agreement.
Purchase and Sale of Contracts. A. From time to xxxx Xxxxxx may offer for sale to Pinnacle Contracts originated by Seller and Pinnacle may purchase from Seller all of Seller’s rights, title and interest in and to such Contracts and which are in substance acceptable to Pinnacle and consistent with the Credit Policy. Neither this Agreement nor any past conduct between Pinnacle and Seller shall obligate Pinnacle to purchase any Contract from Seller or obligate Seller to offer any Contract for sale to Pinnacle.
Purchase and Sale of Contracts. (a) From time to time after the Effective Date, each Seller agrees to sell, transfer, assign, set over and otherwise convey to Purchaser, and Purchaser agrees to purchase and accept from such Seller, without recourse, on a Settlement Date, all such Eligible Contracts and related Contract Assets and Contract Files as may be designated by such Seller in accordance with this Section 2 to be transferred by such Seller to Purchaser on such date (each such sale, transfer and assignment, a “Purchase”). Each Seller and Purchaser shall effect such transfers in accordance with this Section 2 or as otherwise mutually agreed by such Seller and Purchaser.
Purchase and Sale of Contracts. Section 2.01 Purchase and Sale of Contracts, Certificates and Other Assets.
Purchase and Sale of Contracts. Subject to the terms and conditions herein, CAC hereby agrees to sell, and Green Tree hereby agrees to purchase from CAC, all of the Manufactured Housing Retail Finance Contracts (including all related lien perfection instruments, guaranties, dealer agreements and related loan documents) presently held by CAC which were first purchased by or originated by CAC after December 31, 1995 and before February 28, 1998, and set forth on Schedule 1 hereto (the "Contracts Sold Hereunder"), except that Green Tree does not agree hereby to purchase any of the Carved-Out CAC Loans, and any CAC Loans originated by CAC on and after the Effective Date of the Financing Alliance Agreement shall be sold to Green Tree pursuant to Article 3 of the Financing Alliance Agreement rather than pursuant to this Agreement. The conveyance of the Contracts Sold Hereunder shall be consummated on March 13, 1998; provided that all conditions precedent specified in Exhibit X hereto are satisfied (the "Consummation Date").
Purchase and Sale of Contracts. A. Subject to the terms and conditions set forth in this Agreement, on the Closing Date, Seller agrees to convey, sell, assign, transfer and deliver to Buyer, without recourse, all of Seller's right, title and interest in the Contracts described in the Schedule of Contracts, in exchange for payment by Buyer to Seller of the Purchase Price. Buyer agrees to accept from Seller as of the Closing Date, all of Seller's right title, and interest in the Contracts without recourse to Seller. Seller and Buyer intend that the sale of the Contracts will constitute a sale of each Contract.
Purchase and Sale of Contracts. A. From time to time after the date of this Agreement, in Buyer's sole discretion, Buyer and Seller may enter into one or more Contract Sales in accordance with the terms and conditions set forth in this Agreement. Notwithstanding anything to the contrary herein, Buyer shall have no obligation to enter into any Contract Sale hereunder. The aggregate Principal Balance of Contracts purchased hereunder and held by Buyer at any given time shall not exceed $50,000,000.00. All Contracts sold hereunder shall be of a nature and quality acceptable to Buyer in its sole discretion.
Purchase and Sale of Contracts. (a) On the Closing Date, and simultaneously with the transactions to be consummated pursuant to the Trust Agreement, the Sale and Servicing Agreement and the Indenture, the Seller shall irrevocably sell, transfer, assign and otherwise convey to the Purchaser, without recourse (subject to the obligations herein), all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the following:
Purchase and Sale of Contracts. Subject to the terms and conditions set forth herein, CAC hereby agrees to sell, and Green Tree hereby agrees to purchase from CAC, all of the Manufactured Housing Retail Finance Contracts (including all related lien perfection instruments, guaranties, dealer agreements and related loan documents) presently held by CAC set forth on Schedule 1 hereto (the "Contracts Sold Hereunder"), except that Green Tree does not agree hereby to purchase any of the Carved-Out CAC Loans. The conveyance of the Contracts Sold Hereunder shall be consummated effective as of June 30, 1999; provided that all conditions precedent specified in Exhibit X hereto are satisfied (the "Consummation Date"). The Parties hereto agree that, unless otherwise designated by Green Tree, the purchaser of Contracts Sold Hereunder which were originated in Nevada shall be GTFC, the purchaser of Contracts Sold Hereunder which were originated in Pennsylvania shall be GTCDC, the purchaser of Contracts Sold Hereunder which were originated in New York shall be GTCC, the purchaser of Contracts Sold Hereunder which were originated in Alabama shall be GTFCA and the purchaser of Contracts Sold Hereunder which were originated in Minnesota shall be GTFLC.
Purchase and Sale of Contracts. The Buyer will purchase the Assigned Contracts listed on Schedule 1.1 from the Seller, and the Seller will sell, assign and deliver all of its right, title and interest in the Assigned Contracts to the Buyer, for the consideration specified in Section 1.3.
