Subsequent Transfer Agreement between MLCC Mortgage Investors, Inc. and Bankers Trust of California, N.A. regarding consummation for purchase and sale of subsequent mortgage loans dated 00/99. 3 pages.
The Massachusetts Subsequent Transfer Agreement between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. is a legal contract specifically focused on the consummation of the purchase and sale of mortgage loans. This agreement outlines the terms and conditions under which LCC Mortgage Investors, Inc. transfers the ownership rights of mortgage loans to Bankers Trust of CA, N.A. Key features of the Massachusetts Subsequent Transfer Agreement include: 1. Purchase and Sale of Mortgage Loans: This agreement facilitates the transfer of ownership rights and financial responsibilities associated with a portfolio of mortgage loans from LCC Mortgage Investors, Inc. to Bankers Trust of CA, N.A. 2. Consummation of the Transaction: The agreement outlines the specific steps and procedures necessary to complete the transfer of the mortgage loans from LCC Mortgage Investors, Inc. to Bankers Trust of CA, N.A., ensuring that all legal and contractual obligations are met. 3. Transfer Consideration and Payment: The agreement establishes the agreed-upon consideration to be paid by Bankers Trust of CA, N.A. in exchange for the mortgage loans. It also defines the payment terms and any conditions related to the transfer of funds. 4. Representations and Warranties: Both LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. make certain representations and warranties regarding the mortgage loans being transferred. These representations provide assurances regarding the quality, validity, and legality of the loans. 5. Covenants and Indemnification: The agreement outlines the covenants made by both parties, including commitments to take necessary actions, maintain certain records, and comply with applicable laws. It also details the indemnification provisions, which allocate responsibility for any losses, damages, or legal claims arising from the transfer of mortgage loans. 6. Governing Law and Jurisdiction: The Massachusetts Subsequent Transfer Agreement states the governing law of the agreement and designates the jurisdiction in which disputes will be resolved. If there are variations or different types of the Massachusetts Subsequent Transfer Agreement between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A., specific names for these variations may depend on the unique terms, conditions, or purposes of each agreement. Common types could include variations based on specific loan types (e.g., residential, commercial), variations depending on the size or value of the loan portfolio, or variations that address specific regulatory requirements. It is essential to review the individual agreements to accurately name any specific variations that may exist.
The Massachusetts Subsequent Transfer Agreement between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. is a legal contract specifically focused on the consummation of the purchase and sale of mortgage loans. This agreement outlines the terms and conditions under which LCC Mortgage Investors, Inc. transfers the ownership rights of mortgage loans to Bankers Trust of CA, N.A. Key features of the Massachusetts Subsequent Transfer Agreement include: 1. Purchase and Sale of Mortgage Loans: This agreement facilitates the transfer of ownership rights and financial responsibilities associated with a portfolio of mortgage loans from LCC Mortgage Investors, Inc. to Bankers Trust of CA, N.A. 2. Consummation of the Transaction: The agreement outlines the specific steps and procedures necessary to complete the transfer of the mortgage loans from LCC Mortgage Investors, Inc. to Bankers Trust of CA, N.A., ensuring that all legal and contractual obligations are met. 3. Transfer Consideration and Payment: The agreement establishes the agreed-upon consideration to be paid by Bankers Trust of CA, N.A. in exchange for the mortgage loans. It also defines the payment terms and any conditions related to the transfer of funds. 4. Representations and Warranties: Both LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. make certain representations and warranties regarding the mortgage loans being transferred. These representations provide assurances regarding the quality, validity, and legality of the loans. 5. Covenants and Indemnification: The agreement outlines the covenants made by both parties, including commitments to take necessary actions, maintain certain records, and comply with applicable laws. It also details the indemnification provisions, which allocate responsibility for any losses, damages, or legal claims arising from the transfer of mortgage loans. 6. Governing Law and Jurisdiction: The Massachusetts Subsequent Transfer Agreement states the governing law of the agreement and designates the jurisdiction in which disputes will be resolved. If there are variations or different types of the Massachusetts Subsequent Transfer Agreement between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A., specific names for these variations may depend on the unique terms, conditions, or purposes of each agreement. Common types could include variations based on specific loan types (e.g., residential, commercial), variations depending on the size or value of the loan portfolio, or variations that address specific regulatory requirements. It is essential to review the individual agreements to accurately name any specific variations that may exist.