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Common use of of the Purchase Agreement Clause in Contracts

of the Purchase Agreement. For purposes of calculating the amount the Master Servicer is required to remit on the Master Servicer Remittance Date following such repurchase or substitution, any Loan Repurchase Price or Substitution Adjustment that is paid and deposited in the related Collection Account as provided above shall be deemed to have been deposited in the related Collection Account in the Due Period preceding such Master Servicer Remittance Date.

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (Southern Pacific Secured Assets Corp), Pooling and Servicing Agreement (Southern Pacific Secured Assets Corp), Pooling and Servicing Agreement (Southern Pacific Secured Assets Corp)

of the Purchase Agreement. For purposes of calculating the amount the Master Servicer is required to remit on the Master Servicer Remittance Date following such repurchase or substitution, any Loan Repurchase Price or Substitution Adjustment that is paid and deposited in the related Collection Account as provided above shall be deemed to have been deposited in the related Collection Account in the Due Period preceding such Master Servicer Remittance Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Jv Capital Trust)