Common use of No Prior Modifications Clause in Contracts

No Prior Modifications. If a Mortgage Loan has been modified after acquisition by the applicable Seller, the current and applicable modified terms are reflected on the Asset Schedule and the signed modification documents are in the related loan file.

Appears in 3 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

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No Prior Modifications. If a Mortgage Loan has been modified after acquisition by the applicable SellerSeller or Trust Subsidiary, the current and applicable modified terms are reflected on the Asset Schedule and the signed modification documents are in the related loan file.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

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