Common use of Interim Servicer Reports Clause in Contracts

Interim Servicer Reports. If any Mortgage Loans are not purchased by an Approved Takeout Investor on or before the Cure Date, the Seller shall at the Buyer's request deliver to the Buyer monthly reports regarding the status of such Mortgage Loans, which reports shall include, but shall not be limited to, a description of any default which has existed for more than thirty (30) calendar days, and such other circumstances that could materially adversely affect any such Mortgage Loan, the Buyer's ownership of any such Mortgage Loan or the collateral securing any such Mortgage Loan. The Seller shall deliver such a report to the Buyer every thirty (30) calendar days until the purchase by an Approved Takeout Investor of such Mortgage Loans pursuant to the related Takeout Commitment.

Appears in 4 contracts

Samples: Purchase Agreement (Technical Olympic Usa Inc), Purchase Agreement (Technical Olympic Usa Inc), Mortgage Loan Purchase and Sale Agreement (Technical Olympic Usa Inc)

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