Examples of Seller ELT in a sentence
No party hereto intends the transactions contemplated hereby to be, or for any purpose to be characterized as, a loan from Purchaser to Seller (or from Purchaser ELT to Seller ELT).
Seller and Seller ELT shall execute all other documents and take all other steps as may be reasonably requested by Purchaser or Purchaser ELT from time to time to effect the sale hereunder of a Portfolio of Eligible Loans.
All right, title, and interest of Seller (and, with respect to legal title thereto, of Seller ELT on behalf of the Seller) in and to such promissory notes and related documentation are hereby transferred and assigned to the Purchaser (and, with respect to legal title thereto, to Purchaser ELT on behalf of the Purchaser).
By its execution of this Loan Transfer Document, the Seller (and, with respect to legal title, Seller ELT on behalf of the Seller) hereby endorses in blank, unrestricted form and without recourse, except as provided for in the Loan Purchase Agreement, all promissory notes and related documents purchased by the Purchaser (and, with respect to legal title, by Purchaser ELT on behalf of the Purchaser) pursuant to the Loan Purchase Agreement and this Loan Transfer Document.
Seller is the sole owner of (and Seller ELT is the sole holder of legal title to) such Eligible Loan and has full right and authority to sell and assign the same free and clear of all liens, pledges or encumbrances, and upon the endorsement and delivery of promissory notes evidencing such Eligible Loan to Purchaser ELT pursuant to this Agreement, Purchaser ELT will acquire full right, title and interest in such Eligible Loan free and clear of all liens, pledges or encumbrances whatsoever.
Each party hereto intends that the transactions hereunder constitute the sales of the Student Loans by Seller to Purchaser (and by Seller ELT to Purchaser ELT).
Upon payment of the Repurchase Price, Purchaser and Purchaser ELT shall take all necessary action to release and re-convey to Seller (and Seller ELT) all of their respective interests in such Eligible Loan free and clear of any lien or security interest created by Purchaser or Purchaser ELT.
Upon payment of such amount, Purchaser and Purchaser ELT shall take all necessary action to release and re-convey to Seller (and Seller ELT) all of their respective interests in such Student Loan free and clear of any lien or security interest created by Purchaser or Purchaser ELT.
Katz 0000 Xxxxxx Xxxxxx, Suite 100 San Diego, CA 92121 Facsimile: (000) 000-0000 e-mail: xxxxx@xxxxxxxxxxxxx.xxx with a copy to Seller ELT If to Seller ELT: [ ] [ ] [ ] If to Purchaser: Goal Capital Funding Trust c/o Goal Financial, LLC Attention: Xx. Xxxx X.
Each party hereto intends that the transactions hereunder constitute the sales of the Eligible Loans by Seller to Purchaser (and by Seller ELT to Purchaser ELT).