Common use of Remaining Obligations Clause in Contracts

Remaining Obligations. Seller shall pay, perform or discharge all of its liabilities and obligations accruing before the Sale and Transfer Date relating to the Servicing, the Related Escrow Accounts and the Mortgage Loans, to the extent the same are unpaid or unfulfilled on the Sale and Transfer Date and except as expressly assumed by Purchaser pursuant to the terms hereof.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Home Federal Bancorp), Purchase and Sale Agreement (Netbank Inc)