First Payment Default. The Company shall repurchase at the Purchase Price, all Mortgage Loans that fail to make the first scheduled Monthly Payment due to the Purchaser within thirty (30) days of when such payment is due.
Appears in 4 contracts
Samples: Securitization Subservicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-Bc11), And Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust), Warranties and Servicing Agreement (Mortgage Pass-Through Certificates Series 2003-37a)
First Payment Default. The Company shall repurchase at the Purchase Price, all Mortgage Loans that fail to make the first scheduled Monthly Payment due to on the Purchaser Mortgage Loan within thirty (30) days of when the calendar month such payment is due.
Appears in 3 contracts
Samples: Letter Agreement (Greenwich Capital Acceptance Inc), Reconstituted Servicing Agreement (Structured Asset Mortgage Investments Inc), Letter Agreement (Thornburg Mortgage Securities Trust 2005-4)
First Payment Default. The Company shall repurchase at the Purchase Pricepurchase price set forth in the Commitment Letter, together with any adjustments as provided therein, all Mortgage Loans that fail to make the first scheduled Monthly Payment due to the Purchaser within thirty (30) days of when such payment is due.
Appears in 3 contracts
Samples: Reconstituted Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2004-21xs), Warranties and Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Series 2004-3), Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Passthr Certs Ser 2003-38)
First Payment Default. The Company shall repurchase at the Purchase Price, all Mortgage Loans that fail to make the first scheduled Monthly Payment due to the Purchaser within thirty (30) days of when the calendar month such payment is due.
Appears in 3 contracts
Samples: Lehman Brothers (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1), Reconstituted Servicing Agreement (Structured Asset Sec Corp Pass THR Cert Ser 2002 Bc3), Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2002 Bc4)
