Common use of Purchase Price Protection Clause in Contracts

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.

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.

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.