Common use of Purchase Documentation Clause in Contracts

Purchase Documentation. Unless the Asset Portfolio being financed with the Advance is an Owned Asset Portfolio, Lender shall have received certified copies of all documentation related to Borrower's acquisition of the Asset Portfolio (including the Sale Agreement, any assignments to Borrower related thereto and the related closing statement) and the REO Affiliate's acquisition of title to REO Property together with evidence that all such documents (including the applicable Sale Agreement) have been duly authorized, executed and delivered by the parties thereto, provided that to the extent any such documents are being executed and delivered on the Effective Date, Borrower shall deliver forms of all such documents on or prior to the Effective Date with the original documents to be delivered within three Business Days following the Effective Date; and

Purchase Documentation. Unless the Asset Portfolio being financed with the Advance is an Owned Asset Portfolio, Lender shall have received certified copies of all documentation related to Borrower's acquisition of the Asset Portfolio (including the Sale Agreement, any assignments to Borrower related thereto and the related closing statement) and the REO Affiliate's acquisition of title to REO Property together with evidence that all such documents (including the applicable Sale Agreement) have been duly authorized, executed executed, and delivered by the parties thereto, provided that to the extent any such documents are being executed and delivered on the Effective Date, Borrower shall deliver forms of all such documents on or prior to the Effective Date with the original documents to be delivered within three Business Days following the Effective Date; and