Common use of Purchased Assets Clause in Contracts

Purchased Assets. (i) Seller has not assigned, pledged, or otherwise conveyed or encumbered any Purchased Asset to any other Person, and immediately prior to the sale of such Purchased Asset to Buyer, Seller was the sole owner of such Purchased Asset and had good and marketable title thereto, free and clear of all Liens, in each case except for Liens to be released simultaneously with the sale to Buyer hereunder.

Appears in 9 contracts

Samples: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (UWM Holdings Corp), Master Repurchase Agreement (loanDepot, Inc.)

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Purchased Assets. (i) As of the date hereof, Seller has not assigned, pledged, or otherwise conveyed or encumbered any Purchased Mortgage Asset (or any interest therein) to any other Person, and immediately prior to the sale of such Purchased Mortgage Asset to Buyer, Seller was the sole owner of such Purchased Mortgage Asset and had good and marketable title thereto, free and clear of all Liens, in each case except for Liens to be released simultaneously with the sale to Buyer hereunder.

Appears in 4 contracts

Samples: Master Repurchase Agreement (CBRE Realty Finance Inc), Master Repurchase Agreement (Gramercy Capital Corp), Repurchase Agreement (Gramercy Capital Corp)

Purchased Assets. (i) Seller has not assigned, pledged, or otherwise conveyed or encumbered any Purchased Asset to any other PersonPerson other than in accordance with this Agreement, and immediately prior to the sale of such Purchased Asset to Buyer, Seller was the sole owner of such Purchased Asset and had good and marketable title thereto, free and clear of all Liens, in each case except for Liens to be released simultaneously with the sale to Buyer hereunder or created in favor of Buyer hereunder.

Appears in 3 contracts

Samples: Master Repurchase Agreement (RMR Mortgage Trust), Master Repurchase Agreement (Granite Point Mortgage Trust Inc.), Master Repurchase Agreement (RAIT Financial Trust)

Purchased Assets. (i) As of the date hereof, Seller has not assigned, pledged, or otherwise conveyed or encumbered any Purchased Mortgage Asset (or any interest therein) to any other Person, and immediately prior to the sale of such Purchased Mortgage Asset to Buyerthe Buyers, Seller was the sole owner of such Purchased Mortgage Asset and had good and marketable title thereto, free and clear of all Liens, in each case except for Liens to be released simultaneously with the sale to Buyer the Buyers hereunder.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Gramercy Capital Corp), Master Repurchase Agreement (Gramercy Capital Corp)

Purchased Assets. (i) Seller has not assigned, pledged, or otherwise conveyed or encumbered any Purchased Asset to any other PersonPerson other than in accordance with this Agreement, and immediately prior to the sale of such Purchased Asset to Buyer, Seller was the sole owner of such Purchased Asset and had good and marketable title thereto, free and clear of all Liens (other than Permitted Liens), in each case except for Liens to be released simultaneously with the sale to Buyer hereunderhereunder or created pursuant to the Facility Documents.

Appears in 2 contracts

Samples: Master Repurchase Agreement (FS Credit Real Estate Income Trust, Inc.), Master Repurchase Agreement (FS Credit Real Estate Income Trust, Inc.)

Purchased Assets. (i) Seller has not assigned, pledged, or otherwise conveyed or encumbered any Purchased Asset Mortgage Loan to any other Person, and immediately prior to the sale of such Purchased Asset Mortgage Loan to Buyer, Seller was the sole owner of such Purchased Asset Mortgage Loan and had good and marketable title thereto, free and clear of all Liens, in each case except for Liens to be released simultaneously with the sale to Buyer hereunder.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Horton D R Inc /De/), Master Repurchase Agreement (Pennymac Financial Services, Inc.)

Purchased Assets. (i) The Seller has not assigned, pledged, or otherwise conveyed or encumbered any Purchased Asset to any other Person, and immediately prior to the sale of such Purchased Asset Mortgage Loan to the Buyer, the Seller was the sole owner of such Purchased Asset and had good and marketable title thereto, free and clear of all Liens, excluding Liens in favor of the Buyer, in each case except for Liens to be released simultaneously with the sale to the Buyer hereunderhereunder and Liens in favor of the Buyer.

Appears in 1 contract

Samples: Master Repurchase Agreement (Fieldstone Investment Corp)

Purchased Assets. (i) Seller has not assigned, pledged, or otherwise conveyed or encumbered any Purchased Asset to any other Person, and immediately prior to the sale of such Purchased Asset related thereto to Buyer, Seller was the sole owner of such Purchased Asset and had good and marketable title thereto, free and clear of all Liens, in each case except for Liens to be released simultaneously with the sale to Buyer hereunder.Purchased

Appears in 1 contract

Samples: Master Repurchase Agreement (Finance of America Companies Inc.)

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Purchased Assets. (i) Seller has not assigned, pledged, or otherwise conveyed or encumbered any Purchased Asset Mortgage Loan to any other Person, and immediately prior to the sale of such Purchased Asset Mortgage Loan to Buyer, Seller was the sole owner of such Purchased Asset Mortgage Loan and had good and marketable title thereto, free and clear of all Liens, in each case except for Liens to be released simultaneously with the sale to Buyer hereunder and Liens granted in favor of Buyer hereunder.

Appears in 1 contract

Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.)

Purchased Assets. (i1) Seller has not assigned, pledged, or otherwise conveyed or encumbered any Purchased Asset to any other PersonPerson other than in accordance with this Agreement, and immediately prior to the sale of such Purchased Asset to Buyer, Seller was the sole owner of such Purchased Asset and had good and marketable title thereto, free and clear of all Liens (other than Permitted Liens), in each case except for Liens to be released simultaneously with the sale to Buyer hereunderhereunder or created pursuant to the Facility Documents.

Appears in 1 contract

Samples: Master Repurchase Agreement (FS Credit Real Estate Income Trust, Inc.)

Purchased Assets. (i) Seller has not assigned, pledged, or otherwise conveyed or encumbered any Purchased Asset to any other Person, and immediately prior to the sale of such Purchased Asset to Buyer, Seller was the sole owner of such Purchased Asset and had LEGAL02/40558019v11 good and marketable title thereto, free and clear of all Liens, in each case except for Liens to be released simultaneously with the sale to Buyer hereunder.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

Purchased Assets. (i) The Seller has not assigned, pledged, or otherwise conveyed or encumbered any Purchased Eligible Asset to any other Person, and immediately prior to the sale of such Purchased Eligible Asset to the Buyer, the Seller was the sole owner of such Purchased Eligible Asset and had good and marketable title thereto, free and clear of all Liens, in each case except for assignments and Liens to be released simultaneously with the sale to the Buyer hereunder.

Appears in 1 contract

Samples: Master Repurchase Agreement (Anthracite Capital Inc)

Purchased Assets. (i) Seller has not assigned, pledged, or otherwise conveyed or encumbered any Purchased Asset to any other Person, and immediately prior to the sale of such Purchased Asset related thereto to Buyer, Seller was the sole owner of such Purchased Asset and had good and marketable title thereto, free and clear of all Liens, in each case except for Liens to be released simultaneously with the sale to Buyer hereunder.

Appears in 1 contract

Samples: Master Repurchase Agreement (Finance of America Companies Inc.)

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