Purchase Price Protection. With respect to any Mortgage Loan that prepays in full during the three (3) month period from and after the related Closing Date, the Seller shall reimburse the Purchaser the amount (if any) of the Purchase Price Premium paid by the Purchaser to the Seller, multiplied by the UPB of such Mortgage Loan on the applicable Closing Date, within thirty (30) days of such payoff.
Appears in 5 contracts
Samples: Purchase Agreement (Starm Mortgage Loan Trust 2007-2), Purchase Agreement (STARM Mortgage Loan Trust 2007-3), Purchase Agreement (MASTR Asset Securitization Trust 2006-2)
Purchase Price Protection. With respect to any Mortgage Loan that prepays in full during the three two (32) month period from and after the related Closing Date, the Seller shall reimburse the Purchaser the amount (if any) of by which the Purchase Price Premium paid by the Purchaser to the Seller, multiplied by Seller exceeded 100% of the UPB outstanding scheduled principal balance of such the Mortgage Loan on as of the applicable Closing Cut-off Date, within thirty (30) days of such payoff.
Appears in 3 contracts
Samples: Seller's Purchase, Warranties and Servicing Agreement (Gs Mortgage Securities Corp), Purchase Agreement (Gs Mortgage Securities Corp), Seller's Purchase, Warranties and Servicing Agreement (Gs Mortgage Securities Corp)
Purchase Price Protection. With respect to any Mortgage Loan that prepays in full during the three (3) month period from and after the related Closing Date, the Seller shall reimburse the Purchaser Purchaser, within five (5) Business Days of notice of such prepayment in full, the amount excess of (if anyi) of the Purchase Price Premium paid by for such Mortgage Loan and (ii) the Purchaser to the Seller, multiplied by the UPB outstanding principal balance of such Mortgage Loan on as of the applicable Closing Cut-off Date, within thirty (30) days of such payoff.
Appears in 2 contracts
Samples: Mortgage Loan Sale and Servicing Agreement (Sequoia Mortgage Trust 2012-4), Mortgage Loan Sale and Servicing Agreement (Sequoia Mortgage Trust 2012-2)
Purchase Price Protection. With respect to any Mortgage Loan that prepays in full during on or prior to the three (3) last day of the third full month period from and after following the related Closing Date, the Seller shall reimburse the Purchaser an amount equal to the product of (a) the amount (if any) of the by which Purchase Price Premium Percentage paid by the Purchaser to the Seller, multiplied by the UPB of Seller for such Mortgage Loan on exceeds 100% and (b) the applicable Closing outstanding principal balance of the Mortgage Loan as of the Cut-off Date, . Such payment shall be made within thirty (30) days of such payoff.
Appears in 1 contract
Samples: Mortgage Loan Sale and Servicing Agreement (Sequoia Mortgage Trust 2011-2)
