Purchase and Sale of Loans. The Seller may from time to time sell and assign to the Company, and the Company may from time to time Purchase from the Seller, all the Seller’s right, title and interest in, to and under the Loans listed on the Loan Schedule with respect to the related PA Supplement. The principal terms of the Purchase and sale of Loans for each Series shall be set forth in the related PA Supplement.
Purchase and Sale of Loans. Following the date of this Adoption Agreement, the Seller agrees to participate in the Department’s Purchase Program for Eligible Loans made pursuant to the Federal Family Education Loan Program under the Master Loan Sale Agreement and to deliver to the Department such Loans in the aggregate principal amounts as evidenced by Bills of Sale executed by the Seller and acknowledged and accepted by the Department pursuant to the Master Loan Sale Agreement. The Seller agrees to sell to the Department and the Department agrees to purchase from the Seller such Loans on the terms and subject to the conditions of the Master Loan Sale Agreement as the same may be supplemented or amended from time to time. Each of the Seller and the Department hereby acknowledges and agrees to all terms and provisions of the Master Loan Sale Agreement which relate to the selling of Loans which are incorporated herein in their entirety as if such had been set forth herein in their entirety, as the same may be supplemented or amended from time to time.
Purchase and Sale of Loans. On the Closing Date, the Seller shall sell, assign, transfer, convey and deliver, or cause to be assigned, transferred, conveyed and delivered, to the Purchaser (or such subsidiaries of the Purchaser as the Purchaser shall designate), (A) the Loans, (B) the Transferred Rights with respect to the Loans and (C) all Loan Documents related to the Loans.
Purchase and Sale of Loans. On the applicable Transfer Date and in accordance with the terms and conditions of this Agreement, Purchaser agrees to purchase and Seller agrees sell, from time to time, all of Seller's right, title and interest in and to the Loans listed in the Confirmation applicable to such Loans.
Purchase and Sale of Loans. (a) Subject to the terms and conditions and in reliance on the representations, warranties and agreements hereinafter set forth, the Seller agrees to sell to the Purchaser and the Purchaser agrees to purchase from the Seller, from time to time on one or more Purchase Dates occurring after the Effective Date, all of the Seller’s right, title and interest in and to the Loans identified on the Loan Schedule (together with the Guarantor Repurchase Loans (as defined below), the “Purchased Loans”).
Purchase and Sale of Loans. (A) Delivery of Loans on or before the business day immediately preceding each Settlement Date, the Seller shall deliver to the Buyer the following for each Loan purchased:
Purchase and Sale of Loans. On the Closing Date, Seller shall -------------------------- convey, assign, transfer, set over and deliver to Buyer, and Buyer shall purchase and take from Seller, all of Seller's right, title and interest in each of the Loans, including, without limitation:
Purchase and Sale of Loans. Subject to and in accordance with the terms and conditions of this Agreement, Seller hereby agrees to sell, assign, transfer and convey, without recourse, to Buyer on a date mutually agreeable to the Seller and Buyer which is on or before fifteen (15) days after the Feasibility Period or on such other date as Seller and Buyer may agree to in writing (the “Closing Date”), and Buyer hereby agrees to purchase, accept and assume on the Closing Date, all rights, titles, obligations and interests of Seller, as of the Closing Date, in, to and under the Loans. Simultaneously with the execution of this Agreement, Buyer shall deposit with Seller the amount of $125,000.00 as an exxxxxx money deposit payment in immediately available funds (the “Deposit”). Seller shall hold the Deposit and shall apply and/or disburse it in accordance with the provisions of this Agreement. Seller may commingle the Deposit with its other funds. Buyer shall not be entitled to receive, and Seller shall not be required to pay, directly or indirectly, any interest or other earnings accrued on the Deposit.
Purchase and Sale of Loans. 2 (A) Delivery of Loans..............................................................2 (B) Purchase and Sale..............................................................3 (C)
Purchase and Sale of Loans. (a) On the terms and subject to the conditions set forth in this Agreement, including the conditions set forth in Article V, on or after the Closing Date and prior to a Seller Termination Event, the Seller, from time to time, hereby agrees to (i) irrevocably sell, transfer and otherwise convey to the Purchaser the Sale Assets (each, a "Sale"), absolutely and not as collateral security, without recourse (except as expressly provided herein) and (ii) transfer, or cause the deposit into, the Collection Account all Collections received by the Seller on account of the Sale Assets on and after the Sale Date with respect to such Sale Assets, in each case, within two Business Days of the receipt thereof. The Purchaser hereby agrees to purchase all of the Seller's right, title and interest in and to the Sale Assets. The Purchaser hereby assumes from the Seller and agrees to perform all obligations (then existing or thereafter arising) of the Seller under the Sale Assets. The Seller hereby agrees to protect and defend the Purchaser's ownership interest in the Sale Assets against any claim asserting the continuing ownership thereof by the Seller. For the avoidance of doubt, notwithstanding any other terms herein, the Sale Assets may be transferred by the Seller to the Purchaser on any Business Day after the Closing Date.
