Common use of No Negative Amortization of Related First Lien Loan Clause in Contracts

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No Negative Amortization of Related First Lien Loan. The With respect to each Second Lien Loan, the related first lien loan First Lien Loan does not permit negative amortization;. This representation and warranty is a Deemed Material and Adverse Representation; and

Appears in 8 contracts

Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-7ax), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-10xs), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax)

No Negative Amortization of Related First Lien Loan. The With respect to each Second Lien Loan, the related first lien loan does not permit negative amortization;

Appears in 1 contract

Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax)

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No Negative Amortization of Related First Lien Loan. The With respect to each Second Lien Loan, the related first lien loan First Lien Loan does not permit negative amortization;. This representation and warranty is a Deemed Material and Adverse Representation.; and

Appears in 1 contract

Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He7)

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