Common use of Intention of the Parties Clause in Contracts

Intention of the Parties. It is the intention of the parties that the Purchaser is purchasing, and the Seller is selling, the Mortgage Loans rather than pledging such Mortgage Loans to secure a loan by the Purchaser to the Seller. Accordingly, the parties hereto each intend to treat the transaction as a sale by the Seller, and a purchase by the Purchaser, of the Mortgage Loans. The Purchaser will have the right to review the Mortgage Loans and the related Mortgage Files to determine the characteristics of the Mortgage Loans which will affect the Federal income tax consequences of owning the Mortgage Loans and the Seller will cooperate with all reasonable requests made by the Purchaser in the course of such review.

Appears in 46 contracts

Samples: Mortgage Loan Purchase Agreement (HarborView 2006-10), Assignment and Recognition Agreement (HarborView 2007-3), Mortgage Loan Purchase Agreement (Mortgage Loan Pass-Through Certificates Series 2003-1)

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Intention of the Parties. It is the intention of the parties that the Initial Purchaser is purchasing, and the Seller is selling, the Mortgage Loans rather than pledging such Mortgage Loans to secure and not a loan by debt instrument of the Purchaser to the SellerSeller or another security. Accordingly, the parties hereto each intend to treat the transaction for Federal income tax purposes as a sale by the Seller, and a purchase by the Purchaser, of the Mortgage Loans. The Initial Purchaser will shall have the right to review the Mortgage Loans and the related Mortgage Loan Files to determine the characteristics of the Mortgage Loans which will shall affect the Federal income tax consequences of owning the Mortgage Loans and the Seller will shall cooperate with all reasonable requests made by the Initial Purchaser in the course of such review.

Appears in 25 contracts

Samples: Assignment, Assumption and Recognition Agreement (Hsi Asset Securitization Corp), Reconstitution Agreement (Dsla 2006-Ar2), Pooling and Servicing Agreement (Sequoia Mortgage Trust 2007-2)

Intention of the Parties. It is the intention of the parties that the Purchaser is purchasing, and the Seller is selling, selling the Mortgage Loans rather than pledging such Mortgage Loans to secure and not a loan by debt instrument of the Purchaser to the SellerSeller or another security. Accordingly, the parties hereto each intend to treat the transaction for Federal income tax purposes as a sale by the Seller, and a purchase by the Purchaser, of the Mortgage Loans. The Purchaser will shall have the right to review the Mortgage Loans and the related Mortgage Loan Files to determine the characteristics of the Mortgage Loans which will shall affect the Federal income tax consequences of owning the Mortgage Loans and the Seller will shall cooperate with all reasonable requests made by the Purchaser in the course of such review.

Appears in 21 contracts

Samples: Master Mortgage Loan Purchase and Servicing Agreement, Master Mortgage Loan Purchase and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2006-Ar1), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He6)

Intention of the Parties. It is the intention of the parties that the Purchaser is purchasing, and the Seller is selling, the Mortgage Loans Home Equity Loans, rather than pledging such Mortgage Loans to secure a loan by the Purchaser to the SellerSeller secured by the Home Equity Loans. Accordingly, the parties hereto each intend to treat the transaction for Federal income tax purposes as a sale by the Seller, and a purchase by the Purchaser, of the Mortgage Home Equity Loans. The Purchaser will have the right to review the Mortgage Home Equity Loans and the related Mortgage Files Related Documents to determine the characteristics of the Mortgage Home Equity Loans which will affect the Federal income tax consequences of owning the Mortgage Home Equity Loans and the Seller will cooperate with all reasonable requests made by the Purchaser in the course of such review.

Appears in 15 contracts

Samples: Equity Loan Purchase Agreement (Home Equity Loan Trust 2006-Hsa3), Loan Purchase Agreement (Home Equity Loan Trust 2007-Hsa3), Home Equity Loan Purchase Agreement (MSCC HELOC Trust 2007-1)

Intention of the Parties. It is the intention of the parties that the Purchaser is purchasing, and the Seller is selling, the Mortgage Loans rather than pledging such Mortgage Loans to secure and not a loan by debt instrument of the Purchaser to the SellerSeller or another security. Accordingly, the parties hereto each intend to treat the transaction for Federal income tax purposes as a sale by the Seller, and a purchase by the Purchaser, of the Mortgage Loans. The Purchaser will shall have the right to review the Mortgage Loans and the related Mortgage Files to determine the characteristics of the Mortgage Loans which will shall affect the Federal income tax consequences of owning the Mortgage Loans and the Seller will shall cooperate with all reasonable requests made by the Purchaser in the course of such review.

Appears in 7 contracts

Samples: Purchase, Warranties and Servicing Agreement (STARM Mortgage Loan Trust 2007-3), Purchase, Warranties and Servicing Agreement (Starm Mortgage Loan Trust 2007-2), Warranties and Servicing Agreement (STARM Mortgage Loan Trust 2007-S1)

Intention of the Parties. It is the intention of the parties that the Purchaser is purchasing, and the Seller is selling, selling the Mortgage Loans rather than pledging such Mortgage Loans to secure and not a loan by debt instrument of the Purchaser to the SellerSeller or another security. Accordingly, the parties hereto each intend to treat the transaction for Federal income tax purposes as a sale by the Seller, and a purchase by the Purchaser, of the Mortgage Loans. The Purchaser will shall have the right to review the Mortgage Loans and the related Mortgage Files to determine the characteristics of the Mortgage Loans which will shall affect the Federal income tax consequences of owning the Mortgage Loans and the Seller will and the Servicer shall cooperate with all reasonable requests made by the Purchaser in the course of such review.

Appears in 6 contracts

Samples: Reconstituted Servicing Agreement (CSMC Mortgage-Backed Trust Series 2006-5), Mortgage Loan Purchase and Servicing Agreement (CSMC Mortgage-Backed Trust 2007-3), Mortgage Loan Purchase and Servicing Agreement (CSAB Mortgage-Backed Trust 2007-1)

Intention of the Parties. It is the intention of the parties that the Purchaser is purchasing, and the Seller Company is selling, selling the Mortgage Loans rather than pledging such Mortgage Loans to secure and the Servicing Rights, and not a loan by debt instrument of the Purchaser to the SellerCompany or another security. Accordingly, the parties hereto each intend to treat the transaction for federal income tax purposes as a sale by the SellerCompany, and a purchase by the Purchaser, of the Mortgage LoansLoans and the Servicing Rights. The Purchaser will shall have the right to review the Mortgage Loans and the related Mortgage Loan Files to determine the characteristics of the Mortgage Loans which will shall affect the Federal federal income tax consequences of owning the Mortgage Loans and the Seller will Servicing Rights and the Company shall cooperate with all reasonable requests made by the Purchaser in the course of such review.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Gs Mortgage Securities Corp Mort Pa Th Ce Se 2002-He), Servicing Agreement (GSAA Home Equity Trust 2006-19), Pooling and Servicing Agreement (Gsaa Home Equity Trust 2004-5)

Intention of the Parties. It is the intention of the parties that the Purchaser is purchasing, and the Seller is selling, selling the Mortgage Loans rather than pledging such Mortgage Loans to secure and not a loan by debt instrument of the Purchaser to the SellerSeller or another security. Accordingly, the parties hereto each intend to treat the transaction for federal income tax purposes as a sale by the Seller, and a purchase by the Purchaser, of the Mortgage Loans. The Purchaser will shall have the right to review the Mortgage Loans and the related Mortgage Loan Files to determine the characteristics of the Mortgage Loans which will shall affect the Federal federal income tax consequences of owning the Mortgage Loans and the Seller will shall cooperate with all reasonable requests made by the Purchaser in the course of such review.

Appears in 4 contracts

Samples: Assignment and Recognition Agreement (Morgan Stanley ABS Capital I Inc. IXIS Real Estate Capital Trust 2007-He1), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2006-6ar), Assignment and Recognition Agreement (Natixis Real Estate Capital Trust 2007-He2)

Intention of the Parties. It is the intention of the parties that the Purchaser is purchasing, and the Seller is selling, selling the Mortgage Loans rather than pledging such Mortgage Loans to secure and not a loan by debt instrument of the Purchaser to the SellerSeller or another security. Accordingly, the parties hereto each intend to treat the transaction for Federal income tax purposes as a sale by the Seller, and a purchase by the Purchaser, of the Mortgage Loans. The Purchaser will shall have the right to review the Mortgage Loans and the related Mortgage Files to determine the characteristics of the Mortgage Loans which will shall affect the Federal income tax consequences of owning the Mortgage Loans and the Seller will shall cooperate with all reasonable requests made by the Purchaser in the course of such review.

Appears in 3 contracts

Samples: Purchase and Servicing Agreement (MASTR Alternative Loan Trust 2007-1), Letter Agreement (MASTR Adjustable Rate Mortgages Trust 2007-3), Purchase and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2006-Oa2)

Intention of the Parties. It is the intention of the parties that the Purchaser is purchasing, and the Seller is selling, the Mortgage Loans Revolving Credit Loans, rather than pledging such Mortgage Loans to secure a loan by the Purchaser to the SellerSeller secured by the Revolving Credit Loans. Accordingly, the parties hereto each intend to treat the transaction for Federal income tax purposes as a sale by the Seller, and a purchase by the Purchaser, of the Mortgage Revolving Credit Loans. The Purchaser will have the right to review the Mortgage Revolving Credit Loans and the related Mortgage Files Related Documents to determine the characteristics of the Mortgage Revolving Credit Loans which will affect the Federal income tax consequences of owning the Mortgage Revolving Credit Loans and the Seller will cooperate with all reasonable requests made by the Purchaser in the course of such review.

Appears in 3 contracts

Samples: Credit Loan Purchase Agreement (Residential Funding Mortgage Securities Ii Inc), Credit Loan Purchase Agreement (Residential Funding Mortgage Securities Ii Inc), Credit Loan Purchase Agreement (Residential Funding Mortgage Securities Ii Inc)

Intention of the Parties. It is the intention of the parties that the Purchaser is purchasing, and the Seller Originator is selling, the Mortgage Loans rather than pledging such Mortgage Loans to secure a loan by the Purchaser to the SellerOriginator. Accordingly, the parties hereto each intend to treat the transaction as a sale by the SellerOriginator, and a purchase by the Purchaser, of the Mortgage Loans. The Purchaser will have the right to review the Mortgage Loans and the related Mortgage Files to determine the characteristics of the Mortgage Loans which will affect the Federal federal income tax consequences of owning the Mortgage Loans and the Seller Originator will cooperate with all reasonable requests made by the Purchaser in the course of such review.

Appears in 2 contracts

Samples: Loan Purchase Agreement (Fremont Mortgage Securities Corp), Mortgage Loan Purchase Agreement (Fremont Mortgage Securities Corp)

Intention of the Parties. It is the intention of the parties Parties that the Purchaser is purchasing, and the Seller is selling, selling the Mortgage Loans rather than pledging such Mortgage Loans to secure and not a loan by debt instrument of the Purchaser to the SellerSeller or another security. Accordingly, the parties hereto Parties each intend to treat the transaction for federal income tax purposes as a sale by the Seller, and a purchase by the Purchaser, of the Mortgage Loans. The Purchaser will shall have the right to review the Mortgage Loans and the related Mortgage Files Loan Documents to determine the characteristics of the Mortgage Loans which will shall affect the Federal federal income tax consequences of owning the Mortgage Loans and the Seller will shall cooperate with all reasonable requests made by the Purchaser in the course of such review.

Appears in 2 contracts

Samples: Mortgage Loan Purchase Agreement (Bay View Capital Corp), Mortgage Loan Purchase Agreement (Bay View Capital Corp)

Intention of the Parties. It is the intention of the parties that the Initial Purchaser is purchasing, and the Seller is Sellers are selling, the Mortgage Loans rather than pledging such Mortgage Loans to secure and not a loan by debt instrument of the Purchaser to the SellerSellers or another security. Accordingly, the parties hereto each intend to treat the transaction for Federal income tax purposes as a sale by the SellerSellers, and a purchase by the Purchaser, of the Mortgage Loans. The Initial Purchaser will shall have the right to review the Mortgage Loans and the related Mortgage Loan Files to determine the characteristics of the Mortgage Loans which will shall affect the Federal income tax consequences of owning the Mortgage Loans and the Seller will Sellers shall cooperate with all reasonable requests made by the Initial Purchaser in the course of such review.

Appears in 2 contracts

Samples: Assumption and Recognition Agreement (Greenwich Capital Acceptance Inc), Mortgage Loan Purchase and Interim Servicing Agreement (American Business Financial Services Inc /De/)

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Intention of the Parties. It is the intention of the parties that the Initial Purchaser is purchasing, and the Seller is selling, the Mortgage Loans rather than pledging such Mortgage Loans to secure and not a loan by debt instrument of the Purchaser to the SellerSeller or another security. Accordingly, the parties hereto each intend to treat the transaction for federal income tax purposes as a sale by the Seller, and a purchase by the Purchaser, of the Mortgage Loans. The Initial Purchaser will shall have the right to review the Mortgage Loans and the related Mortgage Files File to determine the characteristics of the Mortgage Loans which will shall affect the Federal federal income tax consequences of owning the Mortgage Loans and the Seller will shall cooperate with all reasonable requests made by the Initial Purchaser in the course of such review.

Appears in 2 contracts

Samples: Mortgage Loan Purchase Agreement (Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-5), Mortgage Loan Purchase Agreement (Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-H1)

Intention of the Parties. It is the intention of the parties that the Purchaser is purchasing, and the each Seller is selling, the Related Mortgage Loans rather than pledging such Mortgage Loans to secure a loan by the Purchaser to the Sellerapplicable Sellers. Accordingly, the parties hereto each intend to treat the transaction as a sale by the each Seller, and a purchase by the Purchaser, of the Mortgage Loans. The Purchaser will have the right to review the Mortgage Loans and the related Mortgage Files to determine the characteristics of the Mortgage Loans which will affect the Federal income tax consequences of owning the Mortgage Loans and the each Seller will cooperate with all reasonable requests made by the Purchaser in the course of such review.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Greenwich Capital Acceptance Inc)

Intention of the Parties. It is the intention of the parties that the Purchaser is purchasing, and the Seller Company is selling, an undivided 100% ownership interest in the Mortgage Loans rather than pledging such Mortgage Loans to secure and not a loan by debt instrument of the Purchaser to the SellerCompany or another security. Accordingly, the parties hereto each intend to treat the transaction for Federal income tax purposes as a sale by the SellerCompany, and a purchase by the Purchaser, of the Mortgage Loans. The Purchaser will shall have the right to review the Mortgage Loans and the related Mortgage Loan Files to determine the characteristics of the Mortgage Loans which will shall affect the Federal income tax consequences of owning the Mortgage Loans and the Seller will Company shall cooperate with all reasonable requests made by the Purchaser in the course of such review.

Appears in 1 contract

Samples: Trust Agreement (GS Mortgage GSAMP Trust 2004-Wf)

Intention of the Parties. It is the intention of the parties that the Purchaser is purchasing, and the each Seller is selling, the related Mortgage Loans rather than pledging such Mortgage Loans to secure a loan by the Purchaser to the such Seller. Accordingly, the parties hereto each intend to treat the transaction as a sale by the each Seller, and a purchase by the Purchaser, of the related Mortgage Loans. The Purchaser will have the right to review the Mortgage Loans and the related Mortgage Files to determine the characteristics of the Mortgage Loans which will affect the Federal income tax consequences of owning the Mortgage Loans and the each Seller will cooperate with all reasonable requests made by the Purchaser in the course of such review.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Greenwich Capital Acceptance Inc)

Intention of the Parties. It is the intention of the parties that the Purchaser is purchasing, and the Seller is selling, the Mortgage Loans Loans, rather than pledging such Mortgage Loans to secure a loan by the Purchaser to the SellerSeller secured by the Mortgage Loans. Accordingly, the parties hereto each intend to treat the transaction for federal income tax purposes as a sale by the Seller, and a purchase by the Purchaser, of the Mortgage Loans. The Purchaser will have the right to review the Mortgage Loans and the related Mortgage Files Related Documents to determine the characteristics of the Mortgage Loans which will affect the Federal federal income tax consequences of owning the Mortgage Loans and the Seller will cooperate with all reasonable requests made by the Purchaser in the course of such review.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Residential Funding Mortgage Securities Ii Inc)

Intention of the Parties. It is the intention of the parties that the Initial Purchaser is purchasing, and the Seller is selling, the Mortgage Loans rather than pledging such Mortgage Loans to secure and not a loan by debt instrument of the Purchaser to the SellerSeller or another security. Accordingly, the parties hereto each intend to treat the transaction for Federal income tax purposes as a sale by the Seller, and a purchase by the Purchaser, of the Mortgage Loans. The Initial Purchaser will shall have the right to review the Mortgage Loans and the related Mortgage Files to determine the characteristics of the Mortgage Loans which will shall affect the Federal income tax consequences of owning the Mortgage Loans and the Seller will shall cooperate with all reasonable requests made by the Initial Purchaser in the course of such review.

Appears in 1 contract

Samples: Assignment and Recognition Agreement (FBR Securitization, Inc.)

Intention of the Parties. It is the intention of the parties that the Purchaser is purchasing, and the Seller Originator is selling, the Mortgage Loans rather than pledging such Mortgage Loans to secure a loan by the Purchaser to the SellerOriginator. Accordingly, the parties hereto each intend to treat the transaction as a sale by the SellerOriginator, and a purchase by the Purchaser, of the Mortgage Loans. The Purchaser will have the right to review the Mortgage Loans and the related Mortgage Files to determine the characteristics of the Mortgage Loans which will affect the Federal federal income tax consequences of owning the Mortgage Loans and the Seller Originator will cooperate with all reasonable requests made by the Purchaser in the course of such review.. Fremont 2006-B Mortgage Loan Purchase Agreement

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Fremont Home Loan Trust 2006-B)

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