Common use of Notice of Breach; Cure and Repurchase Clause in Contracts

Notice of Breach; Cure and Repurchase. (a) Pursuant to the Pooling and Servicing Agreement, the Mortgage Loan Seller and the Company shall be given notice of any Breach or Document Defect that materially and adversely affects the value of such Mortgage Loan or the interests of the holders of the Certificates therein.

Appears in 7 contracts

Samples: Mortgage Loan Purchase Agreement (Mortgage Pass Through Cert Series 1998-C3), Mortgage Loan Purchase and Sale Agreement (Merrill Lynch Mortgage Investors Inc), Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Investors Inc)

AutoNDA by SimpleDocs

Notice of Breach; Cure and Repurchase. (a) Pursuant to the Pooling and Servicing Agreement, the Mortgage Loan Seller and the Company shall be given notice of any Breach breach of a representation or Document Defect warranty made with respect to, or any defect that materially and adversely affects the value of such of, a Mortgage Loan Asset or the interests of the holders of the Certificates therein.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Commercial Mortgage Pass Through Cert Series 1998 Gl Ii), Pooling and Servicing Agreement (Gs Mortgage Securities Ii Series 1997-Gl I), Pooling and Servicing Agreement (Commercial Mortgage Pass Through Cert Series 1998 Gl Ii)

AutoNDA by SimpleDocs

Notice of Breach; Cure and Repurchase. (a) Pursuant to the Pooling and Servicing Agreement, the Mortgage Loan Seller and the Company Depositor shall be given notice of any Breach breach of a representation or Document Defect warranty made with respect to, or any defect that materially and adversely affects the value of such of, a Mortgage Loan or the interests of the holders of the Certificates therein.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley Cap I Inc Comm Mort Pass THR Cer Ser 1998 Xl2)

Time is Money Join Law Insider Premium to draft better contracts faster.