Master Repurchase Agreement. If the Lender purchases any Pledged Mortgages under the Master Repurchase Agreement, the Purchase Price to be paid by the Lender for such Pledged Mortgage under the Master Repurchase Agreement shall be credited against the Note in an amount equal to the outstanding Advance made against such Pledged Mortgage and the balance of the Purchase Price after such application, if any, shall be paid to the Company. Any Pledged Mortgage shall be eligible for purchase by Lender under the Master Repurchase Agreement following delivery of such Pledged Mortgage to the Investor.
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Samples: Warehousing Credit and Security Agreement (Mortgage Com Inc), Warehousing Credit and Security Agreement (Mortgage Com Inc), Warehousing Credit and Security Agreement (E Loan Inc)
Master Repurchase Agreement. If the Lender purchases any Pledged --------------------------- Mortgages under the Master Repurchase Agreement, Agreement the Purchase Price to be paid by the Lender for such Pledged Mortgage under the Master Repurchase Agreement shall be credited against the Note in an amount equal to the outstanding Advance made against such Pledged Mortgage and the balance of the Purchase Price after such application, if any, shall be paid to the Company. Any Pledged Mortgage shall be eligible for purchase by Lender under the Master Repurchase Agreement following following, delivery of such Pledged Mortgage to the Investor.
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