Assignment and Conveyance Agreement definition

Assignment and Conveyance Agreement. As defined in Subsection 6.01.

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Assignment and Conveyance Agreement. As defined in Section 2.

Assignment and Conveyance Agreement. The agreement substantially in the form of Exhibit A attached hereto. Assignment, Assumption and Recognition Agreement: The agreement substantially in the form of Exhibit B attached hereto.

Examples of Assignment and Conveyance Agreement in a sentence

Within one (1) Business Day of receipt from Seller, Purchaser shall agree to, acknowledge and return to Seller the Assignment and Conveyance Agreement for the purchase of such Transferred Loans.
On the related Transfer Date, Purchaser shall pay to Seller the Net Purchase Price for each Transferred Loan identified in the related Assignment and Conveyance Agreement.
The purchase by Purchaser from Seller of the Loans for such Commitment Period is expected to occur on each Transfer Date as set forth in the related Assignment and Conveyance Agreement, and each Transfer Date shall occur during the Commitment Period set forth above.
As of the related Transfer Date, the characteristics of each Loan being sold pursuant to this Purchase Commitment, the related Assignment and Conveyance Agreement and the Purchase Agreement shall satisfy the minimum Eligibility Criteria attached as schedule hereto and shall comply in all material respects with the Underwriting Guidelines and Credit Policies.
Subject to the terms, provisions and conditions of this Purchase Commitment and the Purchase Agreement and with respect to each Transfer Date, Seller shall prepare and deliver to Purchaser the related Assignment and Conveyance Agreement that identifies each Transferred Loan for the Commitment Period being purchased and sold pursuant hereto on such Transfer Date.

More Definitions of Assignment and Conveyance Agreement

Assignment and Conveyance Agreement. The agreement substantially in the form of Exhibit A attached hereto.

Assignment and Conveyance Agreement. With respect to each Mortgage Loan Package and each Closing Date, an assignment and conveyance of the Mortgage Loans purchased on the related Closing Date in the form annexed hereto as Exhibit B.

Assignment and Conveyance Agreement. With respect to each Transaction, the agreement between the Purchaser and the Company conveying to the Purchaser all the right, title and interest of the Company in and to the related Mortgage Loans listed on the related Mortgage Loan Schedule, a form of which is attached hereto as Exhibit A.

Assignment and Conveyance Agreement. As defined in Subsection

Assignment and Conveyance Agreement. An assignment and conveyance agreement with respect to the Mortgage Loans purchased on a Closing Date in the form annexed hereto as Exhibit K.

Assignment and Conveyance Agreement means, with respect to each Loan and each Transfer Date, an Assignment and Conveyance Agreement for the Loans purchased on the related Transfer Date in the form annexed hereto as Exhibit A.

Assignment and Conveyance Agreement. With respect to each Mortgage Loan that has a prepayment penalty feature, each such prepayment penalty is enforceable and, subject to Section 9.04, will be enforced by the Seller for the benefit of the Purchaser, and each prepayment penalty is permitted pursuant to federal, state and local law. Each such prepayment penalty is in an amount equal to the maximum amount permitted under applicable law and no such prepayment penalty may provide for a term in excess of five (5) years with respect to Mortgage Loans originated prior to October, 1, 2002. With respect to Mortgage Loans originated on or after October 1, 2002, the duration of the prepayment period shall not exceed three (3) years from the date of the Mortgage Note unless the Mortgage Loan was modified to reduce the prepayment period to no more than three (3) years from the date of such Mortgage Note and the Mortgagor was notified in writing of such reduction in prepayment period. With respect to any Mortgage Loan that contains a provision permitting imposition of a prepayment penalty upon a prepayment prior to maturity: (i) the Mortgage Loan provides some benefit to the Mortgagor (e.g., a rate or fee reduction) in exchange for accepting such prepayment penalty, (ii) the Mortgage Loan's originator had a written policy of offering the Mortgagor or requiring third-party brokers to offer the Mortgagor, the option of obtaining a mortgage loan that did not require payment of such a penalty and (iii) the prepayment penalty was adequately disclosed to the Mortgagor in the loan documents pursuant to applicable state, local and federal law. This representation is a Deemed Material Breach Representation;