Common use of Transaction Request Clause in Contracts

Transaction Request. With respect to Transactions the subject of which are Mortgage Loans other than Wet-Ink Mortgage Loans, on or prior to 2:00 p.m. (New York Time) on the related Purchase Date, the applicable Seller shall have delivered to the Buyer (a) a Transaction Request, and (b) a Mortgage Loan Schedule. With respect to Transactions the subject of which are Wet-Ink Mortgage Loans, the applicable Seller shall deliver an estimated Purchase Price of the Wet-Ink Mortgage Loans to be purchased by the Buyer (the “Estimated Purchase Price”) on or prior to 8:00 p.m. (New York Time) on the day prior to the related Purchase Date, and such Seller shall deliver to the Buyer on the Purchase Date, on or prior to 3:00 p.m. (New York Time) (a) a Transaction Request or Transaction Requests, as the case may be, and (b) an Asset Schedule for each such Transaction Request detailing the actual applicable Purchase Price of Wet-Ink Mortgage Loans to be purchased by the Buyer on such Purchase Date. The Buyer and the Sellers acknowledge that there may be more than one Transaction Request on each Purchase Date.

Transaction Request. With respect to Transactions the subject of which are Mortgage Loans other than Wet-Ink Mortgage Loans, on or prior to 2:00 p.m. (New York Time) on the related Purchase Date, the applicable Seller shall have delivered to the Buyer (a) a Transaction Request, and (b) a Mortgage Loan Schedule. With respect to Transactions the subject of which are Wet-Ink Mortgage Loans, the applicable Seller shall deliver an estimated Purchase Price of the Wet-Ink Mortgage Loans to be purchased by the Buyer (the “Estimated Purchase Price”) on or prior to 8:00 5:00 p.m. (New York Time) on the day prior to the related Purchase Date, and such Seller shall deliver to the Buyer on the Purchase Date, on or prior to 3:00 p.m. (New York Time) (a) a Transaction Request or Transaction Requests, as the case may be, and (b) an Asset Schedule for each such Transaction Request detailing the actual applicable Purchase Price of Wet-Ink Mortgage Loans to be purchased by the Buyer on such Purchase Date. The Buyer and the Sellers acknowledge that there may be more than one Transaction Request on each Purchase Date.