Common use of Purchase for Disaster Extension Offers Clause in Contracts

Purchase for Disaster Extension Offers. If the Servicer offers an extension to an Obligor located in a major disaster area as declared by the Federal Emergency Management Agency prior to the Closing Date, the Servicer will repurchase the Receivable if the Obligor accepts the offered extension.

Purchase for Disaster Extension Offers. If the Servicer offers an extension to an Obligor located in a major disaster area as declared by the Federal Emergency Management Agency prior to the Closing Date, the Servicer will repurchase the Receivable if the Obligor accepts the offered extension.]

Purchase for Disaster Extension Offers. If the Servicer offers an extension extensions to an Obligor Obligors located in a major disaster area areas as declared by the Federal Emergency Management Agency prior to the Closing Date, the Servicer will repurchase the Receivable if Receivables of the Obligor accepts Obligors that accept the offered extensionextensions.