Common use of Breach of Representation or Warranty Clause in Contracts

Breach of Representation or Warranty. Upon breach of any requirement or representation or warranty included in this Agreement relative to any Mortgage Loan, the Servicer must: (a) Give written notice within two (2) days to the Master Servicer of the nature of the breach, the date on which the breach occurred or began and the Servicer's plans, if any, for curing the breach; (b) Effect a cure of the breach within 30 days after its occurrence or onset and a reasonable extension will be granted if warranted and necessary to fully cure the breach but in no event greater than 90 days; and (c) If no complete cure has been effected within such period the Master Servicer shall take such action against the Servicer as it deems necessary to protect the Trustee's interest in the Mortgage Loan.

Breach of Representation or Warranty. Upon breach of any requirement or representation or warranty included in this Agreement relative to any Mortgage Loan, the Servicer must: (a) Give written notice within two (2) days to Promptly notify the Master Servicer in writing of the nature of the breach, the date on which the breach occurred or began and the Servicer's ’s plans, if any, for curing the breach; (b) Effect a cure of the breach within 30 days after its occurrence or onset and a reasonable extension will be granted if warranted and necessary to fully cure the breach but in no event greater than 90 days; and (c) If no complete cure has been effected within such period the Master Servicer shall take such action against the Servicer as it deems necessary to protect the Trustee's ’s interest in the Mortgage Loan.

Breach of Representation or Warranty. Upon breach of any requirement or representation or warranty included in this Agreement relative to any Mortgage Loan, the Servicer must: (a) Give written notice within two (2) days to Promptly notify the Master Servicer in writing of the nature of the breach, the date on which the breach occurred or began and the Servicer's plans, if any, for curing the breach; (b) Effect a cure of the breach within 30 days after its occurrence or onset and a reasonable extension will be granted if warranted and necessary to fully cure the breach but in no event greater than 90 days; and (c) If no complete cure has been effected within such period the Master Servicer shall take such action against the Servicer as it deems necessary to protect the Trustee's interest in the Mortgage Loan.