Mandatory Delivery; Grant of Security Interest. The sale and delivery of a pool of mortgage loans conforming to the characteristics set forth in the related Commitment Letter on or before the related Closing Date is mandatory from and after the date of the execution of the related Commitment Letter. All rights and remedies of the Purchaser under this Agreement are distinct from, and cumulative with, any other rights or remedies under this Agreement or afforded by law or equity and all such rights and remedies may be exercised concurrently, independently or successively.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Sd3), Master Mortgage Loan Purchase and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Oa2), Master Mortgage Loan Purchase and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar5)
Mandatory Delivery; Grant of Security Interest. The sale and delivery of a pool of mortgage loans conforming to the characteristics set forth in the related Commitment Letter each Mortgage Loan on or before the related Closing Date is mandatory from and after the date of the execution of the related Commitment Letter. All rights and remedies of the Purchaser under this Agreement are distinct from, and cumulative with, any other rights or remedies under this Agreement or afforded by law or equity and all such rights and remedies may be exercised concurrently, independently or successively.
Appears in 1 contract
Samples: Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-He1)
