Recourse Servicing Contracts. Acquire or enter into Servicing Contracts under which Borrower must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans.
Recourse Servicing Contracts. Except for Servicing Contracts involving Xxxxxx Xxx DUS Mortgage Loans, and conduit originations for which Borrower notifies Lender under Section 7.2(e), acquire or enter into Servicing Contracts under which Borrower must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans.
Recourse Servicing Contracts. Acquire or enter into Servicing Contracts under which Borrowers must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans (but subject to recourse for breaches of normal representations, warranties and other provisions), if the aggregate principal amount of Mortgage Loans serviced pursuant to such Servicing Contracts would exceed by all Borrowers $250,000,000.
Recourse Servicing Contracts. Acquire or enter into Servicing Contracts under which any Borrower must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans (but subject to recourse for breaches of normal representations, warranties and other provisions). End of Article 0
Recourse Servicing Contracts. Acquire or enter into Servicing Contracts under which the Borrower must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans, except for loss sharing under Xxxxxx Xxx DUS Mortgage Loans, Xxxxxxx Mac loss sharing and FHA/Xxxxxx Xxx coinsurance and as a result of customary representations and warranties consistent with past practices in the ordinary course of the Borrower’s business concerning the Mortgage Loans.
Recourse Servicing Contracts. Except for Servicing Contracts involving Fxxxxx Mxx DUS Mortgage Loans and conduit originations for which Seller notifies Buyer pursuant hereto, Seller shall not acquire or enter into Servicing Contracts under which Seller must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the respective terms of those Mortgage Loans.
Recourse Servicing Contracts. Acquire or enter into, or permit any Subsidiary to acquire or enter into, Servicing Contracts under which Borrower must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans (but subject to recourse for breaches of normal representations, warranties and other provisions), if the aggregate principal amount of Mortgage Loans serviced pursuant to such Servicing Contracts would exceed $250,000,000.
Recourse Servicing Contracts. Acquire or enter into Servicing Contracts under which the Borrower must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans, except for loss sharing under Fannie Mae DUS Mortgage Loans, Freddie Mac loss sharing and FHA/Ginnxx Xxx xxxnsurance and as a resuxx xx xustomary representations axx xxxrxxxies consistent with past practices in the ordinary course of the Borrower's business concerning the Mortgage Loans.
Recourse Servicing Contracts. 27 7.31 GESTATION AGREEMENTS........................................................27 7.32
Recourse Servicing Contracts. The Borrower will not acquire or enter into Servicing Contracts under which the Borrower must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans, except for loss sharing under Xxxxxx Xxx DUS Mortgage Loans and as a result of customary representations and warranties consistent with past practices in the ordinary course of the Borrower's business concerning the Mortgage Loans.
