Accrual of Cause of Action. Any cause of action against Greenpoint relating to or arising out of the breach of any representations and warranties made in Sections 3.01 or 3.02 shall accrue as to any Mortgage Loan upon (i) discovery of such breach by the Purchaser or notice thereof by Greenpoint to the Purchaser, (ii) failure by Greenpoint to cure such breach or substitute or repurchase such Mortgage Loan as specified above, or (iii) demand upon Greenpoint by the Purchaser for compliance with the relevant provisions of this Agreement.
Appears in 4 contracts
Samples: Master Servicing and Trust Agreement (Gsaa Home Equity Trust 2004-8), Master Servicing and Trust Agreement (GS Mortgage GSAA Home Eq. Trust 2004-7), Trust Agreement (Gsaa Home Equity Trust 2004-6)
Accrual of Cause of Action. Any cause of action against Greenpoint GreenPoint relating to or arising out of the breach of any representations and warranties made in Sections 3.01 or 3.02 shall accrue as to any Mortgage Loan upon (i) discovery of such breach by the Purchaser or notice thereof by Greenpoint GreenPoint to the Purchaser, (ii) failure by Greenpoint GreenPoint to cure such breach or substitute or repurchase such Mortgage Loan as specified above, or (iii) demand upon Greenpoint GreenPoint by the Purchaser for compliance with the relevant provisions of this Agreement.
Appears in 1 contract
Samples: Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-1)
