Common use of Additional Purchases of Class B Certificates Clause in Contracts

Additional Purchases of Class B Certificates. The parties acknowledge that from time to time, the Class B Holder may purchase additional Class B Certificates for which the Class B Holder has the beneficial ownership interest in the most subordinate class of securities of the related Series (without regard to whether the Class B Holder has transferred record title to such Class B Certificate pursuant to a repurchase agreement or other financing arrangement) ("Additional Purchased Securities"). With respect to such Additional Purchased Securities, upon the request of the Class B Holder and the occurrence of any of the following events: (a) Additional Purchased Securities are purchased by the Class B Holder directly from the Company or any of its affiliates in a primary or secondary market transaction within ninety (90) days of the initial issuance of the Additional Purchased Securities; or (b) Additional Purchased Securities are purchased from any entity other than the Company or any of its affiliates within ninety (90) days of the initial issuance of such Additional Purchased Securities and the Class B Holder's payment to the Company of an amount equal to one percent (1.00%) of the original face amount of the most subordinate class of securities (the first loss piece) of the related Series, the Series for the Additional Purchased Securities and the related pool of Mortgage Loans underlying the Additional Purchased Securities shall be made subject to this Agreement. Any Additional Purchased Securities purchased from the Company, any of its affiliates or any other entity, beyond the ninety (90) day term specified above shall be added to this Agreement at the Company's sole and absolute discretion and at a price to be negotiated on a case by case basis.