SALE AND PURCHASE OF NEW PORTFOLIOS. 2.1 Subject to fulfilment of the conditions and undertakings set out in Clause 2.4 to 2.8, if the Seller shall, at any time and from time to time serve a properly completed New Portfolio Notice in duplicate on the LLP with a copy to the Security Trustee (such service to be in the Seller's sole discretion), the Seller agrees that on the date for completion of the sale specified in such New Portfolio Notice the Seller shall sell to the LLP the New Loans and their Related Security in the relevant New Portfolio with full title guarantee (or, in the case of any Scottish Loans and their Related Security in the relevant New Portfolio and situated in or governed by the law of Scotland, with absolute warrandice) (or, in the case of any Northern Irish Loans and their Related Security in the relevant New Portfolio and situated in or governed by the law of Northern Ireland, as beneficial owner).
Appears in 6 contracts
Samples: Mortgage Sale Agreement, Mortgage Sale Agreement, Mortgage Sale Agreement
