Optional Purchase of Defaulted Mortgage Loans. The Servicer, in its sole discretion, shall have the right to elect (by written notice sent to the Trustee) to purchase for its own account from the Trust any Mortgage Loan which is 90 days or more delinquent in the manner and at the price specified in Section 2.
Appears in 9 contracts
Samples: Pooling and Servicing Agreement (Delta Funding Corp /De/), Pooling and Servicing Agreement (Delta Fund Hm Equ Ln 2000-2 Hm Equ Ln Ass BKD CRT Ser 2000-2), Pooling and Servicing Agreement (Financial Asset Se Cp Soundview Hm Eq Ln as Bk Cer Se 2001-1)
Optional Purchase of Defaulted Mortgage Loans. The Servicer, in its sole discretion, shall have the right to elect (by written notice sent to the Trustee) to purchase for its own account from the Trust any Mortgage Loan which is 90 days or more delinquent Delinquent in the manner and at the price specified in Section 2.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Delta Funding Corp /De/), Pooling and Servicing Agreement (Delta Funding Corp /De/), Pooling and Servicing Agreement (Delta Funding Corp /De/)
Optional Purchase of Defaulted Mortgage Loans. The Servicer, in its sole discretion, shall have the right to elect (by written notice sent to the TrusteeTrustee and the Securities Administrator) to purchase for its own account from the Trust any Mortgage Loan which is 90 days or more delinquent in the manner and at the price specified in Section 2.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Delta Funding Home Equity Loan Tr 1999-2 Home Equ Loan Ass B), Pooling and Servicing Agreement (Delta Funding Home Equity Loan Tr 99-3 Home Eq as Bk Se 99-3)
Optional Purchase of Defaulted Mortgage Loans. The Servicer, in its sole discretion, shall have the right to elect (by written notice sent to the Trustee) to purchase for its own account from the Trust any Mortgage Loan which is 90 ninety (90) days or more delinquent in the manner and at the price specified in Section 2.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Renaissance Home Equity Loan Asset-BKD Cert Series 2002-1), Pooling and Servicing Agreement (Renaissance Mortgage Acceptance Corp)
Optional Purchase of Defaulted Mortgage Loans. The Servicer, in its sole discretion, shall have the right to elect (by written notice sent to the Trustee) to purchase for its own account from the Trust any Mortgage Loan which is 90 days or more delinquent Delinquent in the manner and at the price specified in Section 2.the
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Delta Funding Corp /De/)
Optional Purchase of Defaulted Mortgage Loans. The Servicer, in its sole discretion, shall have the right to elect (by written notice sent to the Seller, the Owner Trustee and the Trustee) to purchase for its own account from the Trust Issuer any Mortgage Loan which is 90 days or more delinquent in the manner and at the price specified in Section 2.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Chevy Chase Bank FSB)
Optional Purchase of Defaulted Mortgage Loans. The Servicer, in its sole discretion, shall have the right to elect (by written notice sent to the TrusteeTrustee and the Certificate Insurer) to purchase for its own account from the Trust any Mortgage Loan which is 90 days or more delinquent Delinquent in the manner and at the price specified in Section 2.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Delta Funding Corp /De/)
Optional Purchase of Defaulted Mortgage Loans. The Servicer, in its sole discretion, shall have the right right, but not an obligation to elect (by written notice sent to the Trustee) to purchase for its own account from the Trust any Mortgage Loan which is 90 days or more delinquent past due in the manner and at the price specified in Section 2.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Fleet Home Equity Loan Corp)
Optional Purchase of Defaulted Mortgage Loans. The Servicer, in its sole discretion, shall have the right to elect (by written notice sent to the TrusteeIndenture Trustee and the Insurer) to purchase for its own account from the Trust any Mortgage Loan which is 90 days or more delinquent in the manner and at the price specified in Section 2.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Bond Securitization LLC)
Optional Purchase of Defaulted Mortgage Loans. The Master Servicer, in its sole discretion, shall have the right right, but not an obligation to elect (by written notice sent to the TrusteeTrust Administrator) to purchase for its own account from the Trust any Mortgage Loan which is 90 days or more delinquent past due in the manner and at the price specified in Section 2.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American General MRT Ln Asst BCKD Ps THR CRTS Sr 2003-1)
Optional Purchase of Defaulted Mortgage Loans. The Servicer--------------------------------------------- Seller, in its sole discretion, shall have the right to elect (by written notice sent to the TrusteeTrustee and the Certificate Insurer) to purchase for its own account from the Trust any Mortgage Loan which is 90 days or more delinquent in the manner and at the price specified in Section 2.
Appears in 1 contract
