Phoenix Arizona Sample Mortgage Loan Purchase Agreement between Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC

• Category: Corporations - Public - Loans
• State: Multi-State
• City: Phoenix
• Control #: US-EG-9375
• Format: Word; Rich Text

Description

Mortgage Loan Purchase Agreement between Credit Suisse First Boston Mortgage Securities Corporation and Credit Suisse First Boston Mortgage Capital, LLC dated October 11, 1999. 17 pages. Phoenix Arizona Sample Mortgage Loan Purchase Agreement between Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC This mortgage loan purchase agreement outlines the specific terms and conditions between Credit Suisse First Boston Mortgage Securities Corp. (hereinafter referred to as "Seller"), and Credit Suisse First Boston Mortgage Capital, LLC (hereinafter referred to as "Purchaser"), regarding the purchase and sale of mortgage loans in Phoenix, Arizona. The agreement is divided into several sections, each covering different important aspects of the transaction. These sections include: 1. Definitions: This section provides a comprehensive list of definitions for key terms used throughout the agreement, ensuring clarity and consistency in communication between the parties. 2. Purchase and Sale: This section outlines the terms under which the Seller agrees to sell, assign, and transfer specified mortgage loans to the Purchaser. It includes details such as the purchase price, delivery of documents, and representations and warranties of both parties. 3. Conditions Precedent: Here, the agreement specifies the conditions that must be fulfilled before the purchase can be completed. These may include the satisfactory review of loan documents, title reports, and other necessary due diligence. 4. Repurchase and Indemnification: This section establishes the Seller's obligation to repurchase any mortgage loans that breach representations or warranties made in the agreement, protecting the Purchaser from potential losses. It also outlines the procedures for claiming indemnification and dispute resolution processes. 5. Termination: This section defines the circumstances under which either party may terminate the agreement and the consequences of such termination. It may include provisions for termination due to breach, bankruptcy, or other events beyond the control of the parties. 6. Governing Law and Jurisdiction: Here, the agreement specifies the applicable laws and jurisdiction under which any disputes arising from the agreement will be resolved, ensuring legal clarity and avoiding jurisdictional conflicts. 7. Miscellaneous: This section covers general provisions, including the entire agreement clause, amendment procedures, and other miscellaneous provisions relevant to the agreement. Different types of Phoenix Arizona Sample Mortgage Loan Purchase Agreement between Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC may include variations in the terms, conditions, and provisions as per the specific needs and circumstances of each transaction. These variations may arise based on factors such as the type of mortgage loans being purchased (e.g., residential or commercial), specific regulatory requirements, or unique provisions requested by either party. It is important to note that the content provided above is a general description and should not be considered as legal advice. Parties involved in such agreements should consult their legal advisors to ensure the agreement fully meets their specific requirements and complies with applicable laws and regulations.

Phoenix Arizona Sample Mortgage Loan Purchase Agreement between Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC This mortgage loan purchase agreement outlines the specific terms and conditions between Credit Suisse First Boston Mortgage Securities Corp. (hereinafter referred to as "Seller"), and Credit Suisse First Boston Mortgage Capital, LLC (hereinafter referred to as "Purchaser"), regarding the purchase and sale of mortgage loans in Phoenix, Arizona. The agreement is divided into several sections, each covering different important aspects of the transaction. These sections include: 1. Definitions: This section provides a comprehensive list of definitions for key terms used throughout the agreement, ensuring clarity and consistency in communication between the parties. 2. Purchase and Sale: This section outlines the terms under which the Seller agrees to sell, assign, and transfer specified mortgage loans to the Purchaser. It includes details such as the purchase price, delivery of documents, and representations and warranties of both parties. 3. Conditions Precedent: Here, the agreement specifies the conditions that must be fulfilled before the purchase can be completed. These may include the satisfactory review of loan documents, title reports, and other necessary due diligence. 4. Repurchase and Indemnification: This section establishes the Seller's obligation to repurchase any mortgage loans that breach representations or warranties made in the agreement, protecting the Purchaser from potential losses. It also outlines the procedures for claiming indemnification and dispute resolution processes. 5. Termination: This section defines the circumstances under which either party may terminate the agreement and the consequences of such termination. It may include provisions for termination due to breach, bankruptcy, or other events beyond the control of the parties. 6. Governing Law and Jurisdiction: Here, the agreement specifies the applicable laws and jurisdiction under which any disputes arising from the agreement will be resolved, ensuring legal clarity and avoiding jurisdictional conflicts. 7. Miscellaneous: This section covers general provisions, including the entire agreement clause, amendment procedures, and other miscellaneous provisions relevant to the agreement. Different types of Phoenix Arizona Sample Mortgage Loan Purchase Agreement between Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC may include variations in the terms, conditions, and provisions as per the specific needs and circumstances of each transaction. These variations may arise based on factors such as the type of mortgage loans being purchased (e.g., residential or commercial), specific regulatory requirements, or unique provisions requested by either party. It is important to note that the content provided above is a general description and should not be considered as legal advice. Parties involved in such agreements should consult their legal advisors to ensure the agreement fully meets their specific requirements and complies with applicable laws and regulations.