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Common use of Cross Receipt Clause in Contracts

Cross Receipt. The Seller, by executing this Agreement below, hereby acknowledges receipt of the Purchase Price from CRMSI. CRMSI, by executing this Agreement below, hereby acknowledges receipt of the Mortgage Loans from the Seller.

Appears in 5 contracts

Sources: Mortgage Loan Purchase Agreement (Citicorp Residential Mortgage Trust Series 2006-1), Mortgage Loan Purchase Agreement (Citicorp Residential Mortgage Trust Series 2007-2), Mortgage Loan Purchase Agreement (Citicorp Residential Mortgage Trust Series 2007-1)

Related Clauses

  • Collection Notices
  • Books and Records; Certain Funds Received After the Cut-Off Date
  • Collection Services
  • Mortgage Payments Received After Transfer Date
  • Servicing Agreement General Summary

Parent Clauses

  • Miscellaneous
  • Agreement to Sell and Purchase
  • Actions at the Closing
  • Term and Termination
  • Confidentiality

Sub-Clauses

  • Successors and Assigns
  • Miscellaneous
  • Headings
  • REPRESENTATIONS AND WARRANTIES
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