Common use of Sale Without Recourse Clause in Contracts

Sale Without Recourse. Any sale of a Variable Rate Bond or portion thereof shall be without recourse to the seller and without representation or warranty of any kind except as may be required by law.

Appears in 6 contracts

Sources: Standby Bond Purchase Agreement (Fgic Securities Purchase Inc), Standby Bond Purchase Agreement (Fgic Securities Purchase Inc), Standby Bond Purchase Agreement (Fgic Securities Purchase Inc)

Sale Without Recourse. Any sale of a Variable Rate Bond Bond, or portion thereof thereof, pursuant to Section 2.04(c) and other than pursuant to a remarketing shall be without recourse to the seller and without representation or warranty of any kind except as may be required by law.

Appears in 1 contract

Sources: Standby Bond Purchase Agreement (Fgic Securities Purchase Inc)

Sale Without Recourse. Any sale of a Variable Rate Bond Bond, or --------------------- portion thereof thereof, pursuant to Section 2.04(c) and other than pursuant to a remarketing shall be without recourse to the seller and without representation or warranty of any kind except as may be required by law.

Appears in 1 contract

Sources: Standby Bond Purchase Agreement (Fgic Securities Purchase Inc)