Common use of Purchase Price Protection Clause in Contracts

Purchase Price Protection. With respect to any Mortgage Loan that prepays in full at any time prior to the date that is sixty (60) days after the Closing Date for such Mortgage Loan, the Company shall reimburse the Purchaser, within 30 days following the prepayment in full of such Mortgage Loan, the amount (if any) by which the portion of the Purchase Price paid by the Purchaser to the Company for such Mortgage Loan exceeded 100% of the outstanding scheduled principal balance of the Mortgage Loan as of the related Cut-off Date.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Luminent Mortgage Trust 2006-6), Flow Sale and Servicing Agreement (Luminent Mortgage Trust 2006-7), Sale and Servicing Agreement (Luminent Mortgage Trust 2007-1)

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Purchase Price Protection. With respect to any Mortgage Loan that prepays in full at any time prior to during the date that is sixty two (602) days month period from and after the Closing Date for such Mortgage LoanDate, the Company Seller shall reimburse the Purchaser, within 30 days following the prepayment in full of such Mortgage Loan, Purchaser the amount (if any) by which the portion of the Purchase Price paid by the Purchaser to the Company for such Mortgage Loan Seller exceeded 100% of the outstanding scheduled principal balance of the Mortgage Loan as of the related Cut-off Date, within thirty (30) days of such payoff.

Appears in 3 contracts

Samples: Warranties and Servicing Agreement (Gs Mortgage Securities Corp), Warranties and Servicing Agreement (Gs Mortgage Securities Corp), Assignment, Assumption and Recognition Agreement (Gs Mortgage Securities Corp)

Purchase Price Protection. With Unless as otherwise set forth in the related Commitment Letter, with respect to any Mortgage Loan that prepays in full at any time prior to during the date that is sixty (60) days first month period from and after the applicable Closing Date for such Mortgage LoanDate, the Company Seller shall reimburse the Purchaser, within 30 days following the prepayment in full of such Mortgage Loan, Purchaser the amount (if any) by which the portion of the Purchase Price paid by the Purchaser to the Company for such Mortgage Loan Seller exceeded 100% of the outstanding scheduled principal balance Stated Principal Balance of the Mortgage Loan as of the related Cut-off Datedate of such prepayment in full, within thirty days of such payoff.

Appears in 2 contracts

Samples: Master Mortgage Loan Purchase and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-6), Letter Agreement (Citigroup Mortgage Loan Trust 2006-Ar7)

Purchase Price Protection. With respect to any Mortgage Loan that prepays in full at any time prior to the date that is sixty (60) days after expiration of the Closing Date Holding Period for such Mortgage Loan, the Company shall reimburse the Purchaser, within 30 days following the prepayment in full of such Mortgage Loan, the amount (if any) by which the portion of the Purchase Price paid by the Purchaser to the Company for such Mortgage Loan exceeded 100% of the outstanding scheduled principal balance of the Mortgage Loan as of the related Cut-off Date.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Banc of America Funding 2006-D Trust)

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Purchase Price Protection. With respect to any Mortgage Loan that prepays in full at any time prior to the date that is sixty (60) 60 days after the Closing Date for such Mortgage Loan, the Company shall reimburse the Purchaser, within 30 days following the prepayment in full of such Mortgage Loan, the amount (if any) by which the portion of the Purchase Price paid by the Purchaser to the Company for such Mortgage Loan exceeded 100% of the outstanding scheduled principal balance of the Mortgage Loan as of the related Cut-off Date.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Lares Asset Securitization, Inc.)

Purchase Price Protection. With respect to any Mortgage Loan that prepays in full at any time prior to the date that is sixty (60) days after expiration of the Closing Date period specified in the related Memorandum of Sale for such Mortgage Loan, the Company shall reimburse the Purchaser, within 30 days following the prepayment in full of such Mortgage Loan, the amount (if any) by which the portion of the Purchase Price paid by the Purchaser to the Company for such Mortgage Loan exceeded 100% of the outstanding scheduled principal balance of the Mortgage Loan as of the related Cut-off Date.

Appears in 1 contract

Samples: SunTrust Real Estate Trust, LLC

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