Data and Shipping Error Mortgages Sample Clauses

Data and Shipping Error Mortgages. (1) Upon Xxxxxx Mae's receipt of the Closing Date Payment Amount on or before the Closing Date, Xxxxxx Mae hereby withdraws its outstanding repurchase request with respect to each Data and Shipping Error Mortgage, and agrees that in satisfaction of such repurchase requests, Xxxxxx Xxx hereby irrevocably and unconditionally waives its right to enforce against any Lender, at any time, a Repurchase Obligation with respect to any Data and Shipping Error Mortgage that results solely from the shipping errors and/or data errors specifically identified in the repurchase request or other correspondence between Lenders and Xxxxxx Mae and to be reflected on the revised Schedule 3 to be delivered by Xxxxxx Xxx to Lenders on or before January 14, 2011. *Material omitted has been filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment* (2) Except as set forth in subsection 3(c)(1), the Lender that sold to Xxxxxx Mae, and the Lender that services, a Data and Shipping Error Mortgage shall remain liable for all Remaining Selling Rep & Warrant Obligations related to such Data and Shipping Error Mortgage. To the extent that Xxxxxx Xxx later determines that any Data and Shipping Error Mortgage has a breach of a Remaining Selling Rep & Warrant Obligation, Xxxxxx Mae reserves its rights and remedies with respect to such breach, including the right to require repurchase.
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