Acquisition of Recourse Servicing Contracts. Acquire Servicing Contracts under which the Borrowers are obligated to repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of such Mortgage Loans.
Appears in 2 contracts
Samples: Warehousing Credit and Security Agreement (American Business Financial Services Inc /De/), Warehousing Credit and Security Agreement (BNC Mortgage Inc)
Acquisition of Recourse Servicing Contracts. Acquire or enter into Servicing Contracts under which the Borrowers are Company is obligated to repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans occurring at any time during after the term of first payment is made on such Mortgage Loans.
Appears in 2 contracts
Samples: Warehousing Credit, Term Loan and Security Agreement (Accredited Home Lenders Holding Co), Warehousing Credit, Term Loan and Security Agreement (Accredited Home Lenders Holding Co)
Acquisition of Recourse Servicing Contracts. Acquire Servicing ------------------------------------------- Contracts under which the Borrowers are obligated to repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of such Mortgage Loans.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Novastar Financial Inc)
