Optional Purchase of Mortgage Loans. (a) With respect to any Mortgage Loan which is delinquent in payment by 90 days or more or is an REO Property, the Servicer shall have the right to purchase such Mortgage Loan from the Trust Estate at a price equal to the Repurchase Price.
Appears in 6 contracts
Samples: Sale and Servicing Agreement (MORTGAGEIT TRUST 2005-2, Mortgage-Backed Notes, Series 2005-2), Sale and Servicing Agreement (MORTGAGEIT TRUST 2005-4, Mortgage-Backed Notes, Series 2005-4), Sale and Servicing Agreement (MORTGAGEIT TRUST 2005-3, Mortgage-Backed Notes, Series 2005-3)
Optional Purchase of Mortgage Loans. (a) With respect to any Mortgage Loan which is delinquent in payment by 90 days or more or is an REO Property, the Servicer Subservicer (or the Servicer, if the Subservicer has resigned or has been terminated) shall have the right right, but not the obligation, to purchase such Mortgage Loan from the Trust Estate at a price equal to the Repurchase Price.
Appears in 5 contracts
Samples: Sale and Servicing Agreement (Peoples Choice Home Loan Securities Corp), Sale and Servicing Agreement (Peoples Choice Home Loan Securities Trust Series 2005-4), Sale and Servicing Agreement (Peoples Choice Home Loan Securities Trust Series 2005-3)
Optional Purchase of Mortgage Loans. (a) With respect to any Mortgage Loan which that is delinquent in payment by 90 days or more or is an REO Property, the Servicer Subservicer (or the Servicer, if the Subservicer has resigned or has been terminated) shall have the right right, but not the obligation, to purchase such Mortgage Loan from the Trust Estate Fund at a price equal to the Repurchase Price.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Peoples Choice Home Loan Securities Corp)
