PURCHASE AND SALE OF SERVICING Sample Clauses

PURCHASE AND SALE OF SERVICING. ADVANCE RECEIVABLES
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PURCHASE AND SALE OF SERVICING. ADVANCE RECEIVABLES 10 3.1 Assignment and Conveyance of Servicing Advance Receivables 10 3.2 Servicing Advance Receivables Purchase Price 11 3.3 Servicing Advances 11 3.4 Reimbursement of Servicing Advances 12 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF SELLER 12 4.1 General Representations 12 4.2 Title to Transferred Assets 12 4.3 Right to receive Servicing Fees 12 4.4 Servicing Agreements and Underlying Documents 12 4.5 Mortgage Pool Information, Related Matters 12 4.6 Enforceability of Servicing Agreements 13 4.7 Compliance With Servicing Agreements 13 4.8 No Recourse 14 4.9 The Mortgage Loans 14 4.10 Servicing Advance Receivables 16 4.11 Servicing Agreement Consents and Other Third Party Approvals 16 TABLE OF CONTENTS (continued) Page
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PURCHASE AND SALE OF SERVICING. ADVANCE RECEIVABLES 10 3.1 Assignment and Conveyance of Servicing Advance Receivables 10 3.2 Servicing Advance Receivables Purchase Price 11 3.3 Servicing Advances 11 3.4 Reimbursement of Servicing Advances 12 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF SELLER 12 4.1 General Representations 12 4.2 Title to Transferred Assets 12 4.3 Right to receive Servicing Fees 12 4.4 Servicing Agreements and Underlying Documents 12 4.5 Mortgage Pool Information, Related Matters 12 4.6 Enforceability of Servicing Agreements 13 4.7 Compliance With Servicing Agreements 13 4.8 No Recourse 14 4.9 The Mortgage Loans 14 4.10 Servicing Advance Receivables 16 4.11 Servicing Agreement Consents and Other Third Party Approvals 16 TABLE OF CONTENTS (continued) Page 4.12 Servicing Advance Financing Agreements 17 4.13 Anti-Money Laundering Laws 17 4.14 Servicer Ratings 17 4.15 Eligible Servicer 17 4.16 HAMP 17 ARTICLE 5 CONDITIONS PRECEDENT 17 5.1 Conditions to the Purchase of the Rights to MSRs and the Advance SPEs 17 ARTICLE 6 SERVICING MATTERS 18 6.1 Seller as Servicer 18 6.2 Servicing 18 6.3 Collections from Obligors and Remittances 18 6.4 Servicing Practices 19 6.5 Servicing Reports 19 6.6 Escrow Accounts 19 6.7 Notices and Financial Information 19 6.8 Defaults under Deferred Servicing Agreements 19 6.9 Continuity of Business 20 6.10 Optional Termination or Clean Up Calls 20 6.11 Amendments to Deferred Servicing Agreements; Transfer of Servicing Rights 20 6.12 Assumption of Servicing Duties; Transfer of Rights to MSRs and Servicing Rights 20 6.13 Termination Event 21 6.14 Servicing Transfer 21 6.15 Incorporation of Provisions from Subservicing Agreement 21 ARTICLE 7 SELLER SERVICING FEES; COSTS AND EXPENSES 21 7.1 Seller Monthly Servicing Fee 21 7.2 Performance Fee 21 7.3 Costs and Expenses 22 7.4 Ancillary Income 22 7.5 Calculation and Payment 22 TABLE OF CONTENTS (continued) Page 7.6 No Offset 23 7.7 Servicing Fee Reset Date 23 ARTICLE 8 INDEMNIFICATION 23 8.1 Seller Indemnification of Purchasers 23 8.2 Purchasers Indemnification of Seller 23 8.3 Indemnification Procedures 24 8.4 Tax Treatment 25 8.5 Survival 25 8.6 Additional Indemnification 25 8.7 Specific Performance 25 ARTICLE 9 GRANT OF SECURITY INTEREST 26 9.1 Granting Clause 26 ARTICLE 10 MISCELLANEOUS PROVISIONS 27 10.1 Further Assurances 27 10.2 Compliance with Applicable Laws; Licenses 27
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PURCHASE AND SALE OF SERVICING. Advance receivables
Sample 1Sample 2
PURCHASE AND SALE OF SERVICING. ADVANCE RECEIVABLES 10 3.1 Assignment and Conveyance of Servicing Advance Receivables 10 3.2 Servicing Advance Receivables Purchase Price 11 3.3 Servicing Advances 11 3.4 Reimbursement of Servicing Advances 12 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF SELLER 12 4.1 General Representations 12 4.2 Title to Transferred Assets 12 4.3 Right to receive Servicing Fees 12
Sample 1

Related to PURCHASE AND SALE OF SERVICING

  • Purchase and Sale of Services During each Contract Year, SABINE shall make available to Customer, and Customer shall purchase and pay for in an amount equal to the Fee, the Services as described in Section 3.1(b).

  • Purchase and Sale of the Units At the Closing, upon the terms and subject to the conditions set forth in this Agreement, the Seller shall sell, assign, transfer, deliver and convey to the Buyer, free and clear of any Liens, and the Buyer shall purchase, accept and acquire from the Seller, the Units.

  • Purchase and Sale of the Note Subject to the terms and conditions of this Agreement, and in reliance upon the representations and warranties set forth in this Agreement, you agree to purchase from the Company, and the Company agrees to issue and sell to you, a Note, in the aggregate principal amount of not less than $100,000, you have designated on the signature page of this Agreement, upon delivery by you, at or prior to the Closing Date, of the purchase price specified in Section 3. The Company will initially issue to you one Note registered in your name and payable to you in the aggregate principal amount of the Note being purchased by you.

  • Purchase and Sale of the Purchased Assets 2 Section 2.1 Assets of Seller to be Transferred to Buyer 2 Section 2.2 Excluded Assets 3 ARTICLE III PURCHASE PRICE FOR THE PURCHASED ASSETS 4 Section 3.1 Purchase Price 4 Section 3.2 Closing Payments 4 Section 3.3 Post-Closing Payments. 4 Section 3.4 Pre-Closing Statement; Post-Closing Purchase Price Adjustment. 5 Section 3.5 Covenants Regarding Stock Consideration. 7 Section 3.6 Allocation of Purchase Price 8 Section 3.7 Withholding 8 Section 3.8 Electronic Transfer of Certain Assets 8 Section 3.9 Employee and Independent Contractor Matters 9 Section 3.10 Inability to Assign Assigned Contracts. 10 Section 3.11 Payments to Members 10 Section 3.12 Paying Agent 11

  • Purchase and Sale of Receivables On the Closing Date, subject to the terms and conditions of this Agreement, the Seller agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Seller, the Receivables and the other property relating thereto (as defined below).

  • Purchase and Sale of Stock Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to Purchaser, an aggregate of 37,500 shares of the Common Stock of the Company (the "Stock") at $0.01 per share, for an aggregate purchase price of $375.00, payable in cash. The closing hereunder, including payment for and delivery of the Stock, shall occur at the offices of the Company immediately following the execution of this Agreement, or at such other time and place as the parties may mutually agree (the "Closing").

  • Purchase and Sale Agreement The Participating Investors and the selling Key Holder agree that the terms and conditions of any Proposed Key Holder Transfer in accordance with Subsection 2.2 will be memorialized in, and governed by, a written purchase and sale agreement with the Prospective Transferee (the “Purchase and Sale Agreement”) with customary terms and provisions for such a transaction, and the Participating Investors and the selling Key Holder further covenant and agree to enter into such Purchase and Sale Agreement as a condition precedent to any sale or other transfer in accordance with this Subsection 2.2.

  • Purchase and Sale of the Notes (a) The Issuer agrees to issue and sell the Notes to the several Underwriters as provided in this Agreement, and each Underwriter, on the basis of the representations, warranties and agreements set forth herein and subject to the conditions set forth herein, agrees, severally and not jointly, to purchase from the Issuer the respective principal amount of Notes set forth opposite such Underwriter’s name in Schedule 1 hereto at a price equal to [ ]% of the principal amount of the Notes, plus accrued interest, if any, from [ ], [ ], to the Closing Date (as defined below).

  • Purchase and Sale of the Assets (a) Purchase and Sale of the Assets. Subject to the terms and conditions of this Agreement and on the basis of the representations, warranties, covenants and agreements herein contained:

  • Purchase and Sale of Units The Purchaser hereby subscribes for and purchases from the Company, and the Company hereby issues and sells to the Purchaser, 20,000 units (the “Initial Units”) at a purchase price of approximately $.004348 per Initial Unit for an aggregate purchase price of $86.84. Each Initial Unit consists of one share of Common Stock and one warrant (an “Initial Warrant”) to purchase one additional share of Common Stock for $7.00 in accordance with the terms of the Warrant Agreement to be entered into by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent, which shall be substantially in the form attached hereto as Exhibit A (the “Warrant Agreement”). The Initial Units, together with the underlying Common Stock and the Initial Warrants, are referred to herein as the “Securities.”

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