Common use of Acceptance of Mortgage Loans Clause in Contracts

Acceptance of Mortgage Loans. Pursuant to Section 2.02 and 2.03 of the Pooling and Servicing Agreement, if the Purchaser or an assignee thereof, which may include the Trustee or the Custodian on its behalf, discovers or receives notice of a Document Defect or a Breach (each as defined in the Pooling and Servicing Agreement), the Mortgage Loan Seller shall correct or cure any such Document Defect or Breach or repurchase or substitute such Defective Mortgage Loan in accordance with Section 3.3 of this Agreement.

Appears in 3 contracts

Samples: Mortgage Loan Purchase Agreement (Merrill Lynch Mort Invest Inc Mort Pass THR Cert Ser 1999 C1), Mortgage Loan Purchase Agreement (Merrill Lynch Mort Invest Inc Mort Pass THR Cert Ser 1999 C1), Mortgage Loan Purchase Agreement (Merrill Lynch Mort Invest Inc Mort Pass THR Cert Ser 1999 C1)

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