Common use of Purchases Upon Conversion Clause in Contracts

Purchases Upon Conversion. The Holders of the Class R Certificates, by their acceptance of such Certificates shall agree that with respect to each Group II Contract that converts from a variable Contract Rate to a fixed Contract Rate during any Collection Period pursuant to the terms of such Contract that they will:

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Greenpoint Credit Corp), Pooling and Servicing Agreement (Greenpoint Credit Manufactured Housing Cont Tru Ser 2001-2), Pooling and Servicing Agreement (Greenpoint Credit Man Housing Cont Tr Pas THR Cert Ser 01 1)

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Purchases Upon Conversion. The Holders of the Class R Certificates, by their acceptance of such Certificates shall agree that with respect to each Group II Contract that converts from a variable Contract Rate to a fixed Contract Rate during any Collection Period pursuant to the terms of such Contract that they will:

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Greenpoint Financial Corp), Pooling and Servicing Agreement (Greenpoint Credit LLC), Pooling and Servicing Agreement (Greenpoint Credit LLC)

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Purchases Upon Conversion. 106 The Holders of the Class R Certificates, by their acceptance of such Certificates shall agree that with respect to each Group II Contract that converts from a variable Contract Rate to a fixed Contract Rate during any Collection Period pursuant to the terms of such Contract that they will:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenpoint Financial Corp)

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