Ordinary Course Transaction. The consummation of the transactions contemplated by the Master Agreement or any other Program Document are in the ordinary course of business of the PFI, and the sale, transfer, assignment and conveyance of Mortgages and the related Servicing rights, by the PFI pursuant to the Master Agreement or other Program Documents are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction.
Appears in 2 contracts
Sources: Mortgage Selling and Servicing Master Agreement (Federal Home Loan Bank of Cincinnati), Mortgage Selling and Servicing Master Agreement (Federal Home Loan Bank of Cincinnati)