Common use of Delivery of Principal Mortgage Documents Clause in Contracts

Delivery of Principal Mortgage Documents. Within nine (9) Business Days after the date that each Assignment is delivered (and inclusion of the related Wet Loans within the computation of Recognized Value as reported on the Custodian Daily Report) to the Custodian, the Sellers shall deliver to the Custodian all of the Principal Mortgage Documents pertaining to such Wet Loans, or make a mandatory payment so that after giving effect thereto, the Recognized Value of Eligible Mortgage Assets (excluding such Wet Loans) shall equal or exceed the Invested Amount.

Delivery of Principal Mortgage Documents. Within nine (9) Business Days after the date that each Assignment is delivered (and inclusion of the related Wet Loans within the computation of Recognized Collateral Value as reported on the Custodian Collateral Agent Daily Report) to the CustodianCollateral Agent, the Sellers Borrower shall deliver to the Custodian Collateral Agent all of the Principal Mortgage Documents pertaining to such Wet Loans, or make a mandatory payment prepayment so that after giving effect thereto, the Recognized Collateral Value of Eligible Mortgage Assets Collateral (excluding such Wet Loans) shall equal or exceed the Invested AmountPrincipal Debt.