Convertible Mortgage Loans. With respect to any Convertible Mortgage Loan where the Mortgagor has chosen to exercise its option to convert the Mortgage Rate thereunder, the Master Servicer shall determine the fixed rate for such Convertible Mortgage Loan in accordance with the terms of the applicable Mortgage Note and to otherwise determine whether the related Mortgagor has complied with the requirements thereof in order to exercise the conversion option.
Appears in 8 contracts
Samples: Pooling and Servicing Agreement (Option One Mortgage Accept Corp Asset-Backed Cert Se 2002-6), Pooling and Servicing Agreement (Option One Mort Accept Corp Asset Backed Cert Ser 2002-3), Pooling and Servicing Agreement (Option One Mortgage Loan Tr Asset Backed Cert Ser 2002-5)
