Common use of Selection Process Clause in Contracts

Selection Process. The Mortgage Loans will be selected on such Closing Date from among the outstanding fixed rate one- to four-family mortgage loans in the Company's portfolio at such Closing Date as to which the representations and warranties set forth in Section 3.03 could be made and the terms of the related Purchase Price and Term Letter satisfied and such selection will not be made in a manner so as to affect adversely the interests of the Purchaser;

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Banc of America Funding 2006-2 Trust), Sale and Servicing Agreement (Banc of America Funding 2006-3 Trust), Sale and Servicing Agreement (Banc of America Funding 2006-5 Trust)

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Selection Process. The Mortgage Loans will be selected on such Closing Date from among the outstanding fixed and adjustable rate one- to four-family mortgage loans in the Company's portfolio at such Closing Date as to which the representations and warranties set forth in Section 3.03 3.02 could be made and the terms of the related Purchase Price and Term Letter satisfied and such selection will not be made in a manner so as to affect adversely the interests of the Purchaser;.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Luminent Mortgage Trust 2007-1), Sale and Servicing Agreement (Luminent Mortgage Trust 2006-6), Sale and Servicing Agreement (Lares Asset Securitization, Inc.)

Selection Process. The Mortgage Loans will be selected on such Closing Date from among the outstanding fixed and adjustable rate one- to four-family mortgage loans in the Company's portfolio at such Closing Date as to which the representations and warranties set forth in Section 3.03 3.02 could be made and the terms of the related Purchase Price and Term Letter satisfied and such selection will not be made in a manner so as to affect adversely the interests of the Purchaser;

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Banc of America Funding 2006-D Trust), Sale and Servicing Agreement (Banc of America Funding 2006-H Trust)

Selection Process. The Mortgage Loans will be selected on such Closing Date from among the outstanding fixed rate one- to four-family mortgage loans in the Company's ’s portfolio at such Closing Date as to which the representations and warranties set forth in Section 3.03 could be made and the terms of the related Purchase Price and Term Letter satisfied and such selection will not be made in a manner so as to affect adversely the interests of the Purchaser;

Appears in 1 contract

Samples: Flow Sale and Servicing Agreement (GSR Mortgage Loan Trust 2007-4f)

Selection Process. The Mortgage Loans will be selected on such Closing Date from among the outstanding fixed and adjustable rate one- to four-family mortgage loans in the Company's and each Seller's portfolio at such Closing Date as to which the representations and warranties set forth in Section 3.03 could be made and the terms of the related Purchase Price and Term Letter satisfied and such selection will not be made in a manner so as to affect adversely the interests of the Purchaser;

Appears in 1 contract

Samples: Sale and Servicing Agreement (ABFC 2006-Opt3 Trust)

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Selection Process. The Mortgage Loans will be selected on such Closing Date from among the outstanding fixed and adjustable rate one- to four-family mortgage loans in the Company's ’s portfolio at such Closing Date as to which the representations and warranties set forth in Section 3.03 3.2 could be made and the terms of the related Purchase Price and Term Letter satisfied and such selection will not be made in a manner so as to affect adversely the interests of the Purchaser;

Appears in 1 contract

Samples: Sale and Servicing Agreement (FBR Securitization, Inc.)

Selection Process. The Mortgage Loans will be selected on such Closing Date from among the outstanding fixed and adjustable rate one- to four-family mortgage loans in the Company's ’s and each Seller’s portfolio at such Closing Date as to which the representations and warranties set forth in Section 3.03 could be made and the terms of the related Purchase Price and Term Letter satisfied and such selection will not be made in a manner so as to affect adversely the interests of the Purchaser;

Appears in 1 contract

Samples: Sale and Servicing Agreement (ABFC 2006-Opt2 Trust)

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