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