Common use of No Delinquency Clause in Contracts

No Delinquency. No monthly payment of principal of or interest on any Mortgage Loan has been more than 30 days delinquent since origination (without giving effect to any grace period) and as of the Cut-off Date for such Mortgage Loan, no monthly payment of principal of or interest on such Mortgage Loan is 30 or more days delinquent.

Appears in 3 contracts

Samples: Mortgage Loan Purchase Agreement (Merrill Lynch Mort Invest Inc Mort Pass THR Cert Ser 1999 C1), Mortgage Loan Purchase Agreement (Merrill Lynch Mort Invest Inc Mort Pass THR Cert Ser 1999 C1), Mortgage Loan Purchase Agreement (Merrill Lynch Mort Invest Inc Mort Pass THR Cert Ser 1999 C1)

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No Delinquency. No monthly payment of principal of or interest on any Mortgage Loan has been more than 30 days delinquent since origination (without giving effect to any grace period) and as of the Cut-off Date for such Mortgage Loan, no monthly payment of principal of or interest on such Mortgage Loan is 30 or more days delinquent.

Appears in 2 contracts

Samples: Mortgage Loan Purchase and Sale Agreement (Painewebber Mortgage Acceptance Corp V), Mortgage Loan Purchase and Sale Agreement (Painewebber Mortgage Acceptance Corp V)

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