Common use of Purchase, Sale and Delivery of Certificates Clause in Contracts

Purchase, Sale and Delivery of Certificates. The closing for the purchase and sale of the Certificates contemplated hereby (the "Closing"), shall be made at the date, location and time of delivery set forth in Schedule I hereto, or such later date as shall be mutually acceptable to the Underwriters and the Depositor (such date and time of purchase and sale of the Certificates being herein called the "Specified Delivery Date"). Delivery of the Certificates will be made in book-entry form through the facilities of The Depository Trust Company ("DTC"). Each class of Certificates will be represented by one or more definitive global certificates to be deposited by or on behalf of the Depositor with DTC. Delivery of the Certificates shall be made to the several Underwriters against payment by the several Underwriters of the purchase price for the Certificates to or upon the order of the Depositor by wire transfer of immediately available funds or by such other method as may be acceptable to the Depositor. The Depositor agrees to have the Certificates available for inspection by the Underwriters in New York, New York, not later than 1:00 p.m. on the business day prior to the Specified Delivery Date.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Commercial Mortgage Pass Through Ser 2001-Ck3), Pooling and Servicing Agreement (Credit Suisse Fr Bs Mor Sec Cp Com Mor Ps Th Ce Ser 2001-Ck1)

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Purchase, Sale and Delivery of Certificates. The closing for the purchase and sale of the Certificates contemplated hereby (the "Closing"), shall be made at the date, location and time of delivery set forth in Schedule I II hereto, or such later date as shall be mutually acceptable to you, as the Underwriters Representative, and the Depositor (such date and time of purchase and sale of the Certificates being herein called the "Specified Delivery Date"). Delivery of the Certificates will be made in book-entry form through the facilities of The Depository Trust Company ("DTC"). Each class of Certificates will be represented by one or more definitive global certificates to be deposited by or on behalf of the Depositor with DTC. Delivery of the Certificates shall be made to the several Underwriters against payment by the several Underwriters of the purchase price for the Certificates to or upon the order of the Depositor by wire transfer of immediately available funds or by such other method as may be acceptable to the Depositor. The Depositor agrees to have the Certificates available for inspection by the Underwriters in New York, New York, not later than 1:00 p.m. on the business day prior to the Specified Delivery Date.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Commercial Mortgage Pass THR Cert Ser 2001-Ckn5), Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Sec Corp 2001-Ck6)

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