Common use of Mortgage Loan Determined to be Defective Clause in Contracts

Mortgage Loan Determined to be Defective. Upon discovery by the Borrower or the Lender of any breach of any representation or warranty listed on Schedule 1 hereto applicable to any Mortgage Loan, the party discovering such breach shall promptly give notice of such discovery to the other.

Appears in 8 contracts

Samples: Master Loan and Security Agreement (Aames Investment Corp), Master Loan and Security Agreement (MortgageIT Holdings, Inc.), Master Loan and Security Agreement (New Century Financial Corp)

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Mortgage Loan Determined to be Defective. Upon discovery by the Borrower Borrowers or the Lender of any breach of any representation or warranty listed on Schedule 1 hereto applicable to any Mortgage Loan, the party discovering such breach shall promptly give notice of such discovery to the other.

Appears in 5 contracts

Samples: Warehouse Loan and Security Agreement (Aames Investment Corp), Warehouse Loan and Security Agreement (Aames Financial Corp/De), Warehouse Loan and Security Agreement (Aames Financial Corp/De)

Mortgage Loan Determined to be Defective. Upon discovery by the ---------------------------------------- Borrower or the Lender of any breach of any representation or warranty listed on Schedule 1 hereto applicable appicable to any Mortgage Loan, the party discovering such breach shall promptly give notice of such discovery to the other.

Appears in 1 contract

Samples: Master Loan and Security Agreement (New Century Financial Corp)

Mortgage Loan Determined to be Defective. Upon discovery by the ---------------------------------------- Borrower or the Lender of any breach of any representation or warranty listed on Schedule 1 hereto applicable to any Mortgage Loan, the party discovering such breach shall promptly give notice of such discovery to the other.

Appears in 1 contract

Samples: Master Loan and Security Agreement (New Century Financial Corp)

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Mortgage Loan Determined to be Defective. Upon discovery by the Borrower theBorrower or the Lender of any breach of any representation or warranty listed on Schedule 1 hereto applicable to any Mortgage Loan, the party discovering such breach shall promptly give notice of such discovery to the other.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Aames Financial Corp/De)

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