Examples of Sale Closing Date in a sentence
On the Loan Sale Closing Date, replace the sentence above with a list containing the information referenced above, and delete this instruction.] ATTACHMENT B to Loan Sale Agreement REPURCHASE PERCENTAGES Loan Pool Number[s]: [Sale Number XXX-00-00000] Xxxxxxxxxx Percentages represent Seller’s allocation of a Buyer’s Bid Amount among the Loans purchased in a Loan Pool or Loan Pool Combination.
The Closing will occur on the Loan Sale Closing Date, and, at Seller’s option, be either by mail or conducted in person at a place designated by Seller.
As of the Loan Sale Closing Date, Buyer is responsible for having itself substituted as loss payee on all Loan related insurance in which the Failed Bank or Seller is currently listed as a loss payee.
Such sale, assignment, transfer and conveyance by Seller and the purchase, acceptance and assumption by Buyer will occur at and as of the Loan Sale Closing Date, and will be on the terms and subject to the conditions set forth in this Agreement, including, without limitation, the payment by Buyer of the Purchase Price.
Any loss after the Loan Sale Closing Date to a Borrower, a participant in a Participated Loan, or to Buyer or to the value or collectability of any Loan due to Seller’s cancellation of any insurance is the sole responsibility of Buyer.