Defective Mortgage Loans. If any Mortgage Loan is re-transferred to the Purchaser pursuant to Section 2.03 of the Sale and Servicing Agreement, the Seller shall, at the Purchaser's option, either (a) repurchase such Mortgage Loan at the Repurchase Price, or (b) provide an Eligible Substitute Mortgage Loan if the Seller has any such loans available for sale at the time, subject to the terms and conditions of the Sale and Servicing Agreement.
Appears in 7 contracts
Samples: Mortgage Loan Purchase Agreement (Greenpoint Home Equity Loan Trust 1999 2), Mortgage Loan Purchase Agreement (Greenpoint Mortgage Securities Inc/), Mortgage Loan Purchase Agreement (Headlands Mortgage Securities Inc)
Defective Mortgage Loans. If any Mortgage Loan is re-transferred to the Purchaser pursuant to Section 2.03 or 2.05 of the Sale and Servicing Agreement, the Seller shall, at the Purchaser's option, either (a) repurchase such Mortgage Loan at the Repurchase Loan Purchase Price, or (b) provide an Eligible Substitute Mortgage Loan if the Seller has any such loans available for sale at the time, subject to the terms and conditions of the Sale and Servicing Agreement.
Appears in 3 contracts
Samples: Mortgage Loan Purchase Agreement (Greenpoint Mortgage Securities Inc/), Mortgage Loan Purchase Agreement (Greenpoint Mortgage Securities Inc/), Mortgage Loan Purchase Agreement (Greenpoint Mortgage Securities Inc/)
Defective Mortgage Loans. If any Mortgage Loan is re-transferred to the Purchaser pursuant to Section 2.03 2.2(b) of the Sale and Servicing Agreement, the Seller Originator shall, at the Purchaser's option, either (a) repurchase such Mortgage Loan at the Repurchase Price, or (b) provide an Eligible Substitute a Qualified Replacement Mortgage Loan if the Seller Originator has any such loans available for sale at the time, subject to the terms and conditions of the Sale and Servicing Agreement.
Appears in 1 contract
Samples: Purchase Agreement (Advanta Revolving Home Equity Loan Trust 1998-A)
Defective Mortgage Loans. If any Mortgage Loan is ------------------------ re-transferred to the Purchaser pursuant to Section 2.03 of the Sale and Servicing Agreement, the Seller shall, at the Purchaser's option, either (a) repurchase such Mortgage Loan at the Repurchase Price, or (b) provide an Eligible Substitute Mortgage Loan if the Seller has any such loans available for sale at the time, subject to the terms and conditions of the Sale and Servicing Agreement.
Appears in 1 contract
Samples: Mortgage Loan Purchase Agreement (Headlands Mortgage Securities Inc)
Defective Mortgage Loans. If any Mortgage Loan is re-transferred to the Purchaser pursuant to Section 2.03 2.2(b) of the Sale and Servicing Agreement, the Seller respective Originator shall, at the Purchaser's option, either (a) repurchase such Mortgage Loan at the Repurchase Price, or (b) provide an Eligible Substitute a Qualified Replacement Mortgage Loan if the Seller respective Originator has any such loans available for sale at the time, subject to the terms and conditions of the Sale and Servicing Agreement.
Appears in 1 contract
Samples: Purchase Agreement (Advanta Mortgage Conduit Services Inc)
