Common use of Return of Purchase Price Clause in Contracts

Return of Purchase Price. If a Wet Mortgage Loan subject to a Transaction is not closed on the same day on which the Purchase Price was funded, Seller shall immediately return, or cause to be immediately returned (but in any event within forty-eight (48) hours), the Purchase Price (or such greater amount that shall have been remitted by Administrative Agent on behalf of Buyers, if applicable) with respect to such Wet Mortgage Loan to Administrative Agent for the benefit of Buyers by wire transfer in accordance with Administrative Agent’s wire instructions set forth on Exhibit B. Further, Seller shall pay Administrative Agent for the benefit of Buyers all fees and expenses incurred by Administrative Agent or any Buyer in connection with the funding of the Purchase Price for such Wet Mortgage Loan and, from the date of such funding up to but excluding the date such Purchase Price is returned to Administrative Agent for the benefit of Buyers, Seller shall also pay Administrative Agent for the benefit of Buyers any Price Differential accrued on such Purchase Price immediately upon notification from Buyer; provided, however, that Price Differential shall continue to accrue until the Purchase Price is returned to Buyer.

Return of Purchase Price. If a Wet Mortgage Loan subject that is to a Transaction be table funded utilizing the Purchase Price is not closed on the same day on which the Purchase Price was funded, Seller shall immediately promptly return, or cause to be immediately returned (but in any event within forty[***] of Seller’s knowledge or receipt of notice of such non-eight (48closure) hours), the Purchase Price (or such greater amount that shall have been remitted by Administrative Agent on behalf of Buyers, if applicable) with respect to such Wet Mortgage Loan to Administrative Agent for the benefit of Buyers by wire transfer of immediately available funds to Administrative Agent, on behalf of Buyers, in accordance with Administrative Agent’s wire instructions set forth on Exhibit B. F. Further, Seller shall pay Administrative Agent for the benefit of and Buyers all fees and expenses incurred by Administrative Agent or any Buyer and Buyers in connection with the funding of the Purchase Price for such Wet Mortgage Loan and, from the date of such funding up to but excluding the date such Purchase Price is returned to Administrative Agent for Agent, on behalf of the benefit of Buyersapplicable Buyer, Seller shall also pay Administrative Agent for the benefit Agent, on behalf of Buyers Buyers, any Price Differential accrued on such Purchase Price immediately promptly upon notification from BuyerAdministrative Agent, on behalf of Buyers; provided, however, that Price Differential shall continue to accrue until the Purchase Price is returned to Administrative Agent, on behalf of the applicable Buyer.

Return of Purchase Price. If a Wet Mortgage Loan subject to a Transaction is not closed on the same day on which the Purchase Price was funded, Seller shall immediately promptly return, or cause to be immediately returned (but in any event within fortyone (1) Business Day of Seller’s knowledge or receipt of notice of such non-eight (48closure) hours), the Purchase Price (or such greater amount that shall have been remitted by Administrative Agent on behalf of Buyers, if applicable) with respect to such Wet Mortgage Loan to Administrative Agent for the benefit of Buyers by wire transfer of immediately available funds to Administrative Agent, on behalf of Buyers, in accordance with Administrative Agent’s wire instructions set forth on Exhibit B. F. Further, Seller shall pay Administrative Agent for the benefit of and Buyers all fees and expenses incurred by Administrative Agent or any Buyer and Buyers in connection with the funding of the Purchase Price for such Wet Mortgage Loan and, from the date of such funding up to but excluding the date such Purchase Price is returned to Administrative Agent for Agent, on behalf of the benefit of Buyersapplicable Buyer, Seller shall also pay Administrative Agent for the benefit Agent, on behalf of Buyers Buyers, any Price Differential accrued on such Purchase Price immediately promptly upon notification from BuyerAdministrative Agent, on behalf of Buyers; provided, however, that Price Differential shall continue to accrue until the Purchase Price is returned to Administrative Agent, on behalf of the applicable Buyer.. ​