Common use of Regular Purchases Clause in Contracts

Regular Purchases. On the Restatement Date, and thereafter from time to time until the earlier to occur of (x) the Conversion Date and (y) the closing of the Seller’s business on the Purchase Termination Date, any Purchased Loans and Related Assets shall be transferred by the Seller to the Buyer pursuant to a written assignment substantially in the form of Exhibit A-2 (each a “Subsequent PA Assignment” and, together with the Initial PA Assignment and the Original Subsequent PA Assignments, the “PA Assignments”), on the Purchase Date set forth in a Funding Date Data Pool Report delivered by the Seller to the Buyer that lists such Purchased Loans; provided, however, that such purchases and sales of Loans shall occur not more frequently than three times per calendar week.