Purchased Assets definition

Purchased Assets has the meaning set forth in Section 2.01.

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Purchased Assets has the meaning set forth in Section 2.1 of the Purchase Agreement.

Purchased Assets has the meaning set forth in Section 1.1.

Examples of Purchased Assets in a sentence

• Buyer shall not be required to give any warranties as to the Purchased Assets, Underlying Mortgage Loans or Underlying REO Properties with respect to any such disposition thereof.

• Buyer may specifically disclaim or modify any warranties of title or the like relating to the Purchased Assets, Underlying Mortgage Loans or Underlying REO Properties.

• To obtain physical possession of any Purchased Assets, Underlying Mortgage Loans and Underlying REO Properties and related Asset Files held by a Custodian, Repo Agent shall present to such Custodian a Trust Receipt.

• Such disposition of Purchased Assets, Underlying Mortgage Loans and Underlying REO Properties may be, at Buyer’s option, on either a servicing-released or a servicing-retained basis.

• The foregoing procedure for disposition of the Purchased Assets, Underlying Mortgage Loans or Underlying REO Properties and liquidation of the Repurchase Assets shall not be considered to adversely affect the commercial reasonableness of any sale thereof.

More Definitions of Purchased Assets

Purchased Assets shall have the meaning specified in Subsection 2.01(a).

Purchased Assets shall have the meaning given to such term in Section 2.1.

Purchased Assets means all of Seller’s right, title and interest, whether now owned and existing or hereafter arising in and to all of the Receivables, the Related Security, the Collections and all proceeds of the foregoing.

Purchased Assets is defined in Section 2.1.

Purchased Assets. (a) For any Transaction, each Asset sold by the related Seller to Buyer in such Transaction, and (b) for the Transactions in general, all Assets sold by the applicable Seller to Buyer, in each case including, to the extent relating to such Asset or Assets, all of such Seller’s right, title and interest in and to (i) Purchased Asset Documents, (ii) Servicing Rights, (iii) Servicing Files, (iv) mortgage guaranties and insurance (issued by Governmental Authorities or otherwise) and claims, payments and proceeds thereunder, (v) insurance policies, certificates of insurance and claims, payments and proceeds thereunder, (vi) the principal balance of such Assets, not just the amount advanced, (vii) amounts and property from time to time on deposit or credited to the Waterfall Account and the Waterfall Account itself, (viii) collection, escrow, reserve, collateral or lock–box accounts and all amounts and property from time to time on deposit therein, to the extent of the related Seller’s or the holder’s interest therein, (ix) Income paid or payable in connection with such Asset during the time such Asset is subject to a Transaction, until such Asset is repurchased by such Seller hereunder, (x) amounts and property from time to time on deposit in the Collection Accounts, together with the Collection Accounts themselves, (xi) security interests of such Seller in Derivatives Contracts entered into by Underlying Obligors, (xii) rights of such Seller under any letter of credit, guarantee, warranty, indemnity or other credit support or enhancement, (xiii) Interest Rate Protection Agreements relating to such Assets, (xiv) all supporting obligations of any kind, and (xv) all proceeds related to the sale, securitization or other disposition thereof; provided, that (A) Purchased Assets shall not include any obligations of any Seller or any Retained Interests, and (B) for purposes of the grant of security interest by any Seller to Buyer set forth in Section 11.01, together with the other provisions of Article 11, Purchased Assets shall include all of the following: general intangibles, accounts, chattel paper, deposit accounts, securities accounts, instruments, securities, financial assets, uncertificated securities, security entitlements and investment property (as such terms are defined in the UCC) and replacements, substitutions, conversions, distributions or proceeds relating to or constituting any of the items described in the preceding clauses (i) through (xv).

Purchased Assets shall have the meaning set forth in Section 2.1 of this Agreement.

Purchased Assets means all of the assets of the Seller used or useful in the operation of the Business, including the following assets, but specifically excluding the Excluded Assets: