Common use of Delivery of the Mortgage Files Clause in Contracts

Delivery of the Mortgage Files. The parties hereby agree that the Companies are required to deliver the mortgage files with respect to the Mortgage Loans in accordance with the terms of the Purchase, Warranties and Servicing Agreement; provided, however, that the Companies agree that they will deliver the mortgage files with respect to the Mortgage Loans in accordance with the terms of the MLPWA within thirty (30) days following the applicable Company Closing Date (the "Document Delivery Period"). To the extent that the Companies fail to deliver the mortgage files to the Assignee as required by the end of the Document Delivery Period, then the Assignee shall be entitled to all the rights and remedies of the Purchaser (as defined in the MLPWA) under the MLPWA.

Appears in 5 contracts

Samples: Assignment and Assumption Agreement, Mortgage Loan Purchase Agreement (Banc of America Funding 2006-6 Trust), Mortgage Loan Purchase Agreement (Banc of America Funding 2006-5 Trust)

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