REMEDY FOR FIRST PAYMENT DEFAULT. However, anything to the contrary notwithstanding, in the event the Borrower fails to make the first payment due to the Buyer within thirty (30) days of the payment due date, regardless of whether such payment is subsequently paid by the Borrower, the Buyer, at its sole and absolute discretion, shall have the right to have Seller repurchase said Loan(s) at the Buy-Back Price.
Appears in 3 contracts
Samples: Master Agreement for the Sale and Purchase of Mortgages (American Home Mortgage Holdings Inc), Master Agreement for Sale and Purchase of Mortgages (Westmark Group Holdings Inc), Master Agreement for Sale and Purchase of Mortgages (Austin Funding Com Corp)
REMEDY FOR FIRST PAYMENT DEFAULT. However, anything to the -------------------------------- contrary notwithstanding, in the event the Borrower fails to make the first payment due to the Buyer within thirty (30) days of the payment due date, regardless of whether such payment is subsequently paid by the Borrower, the Buyer, at its sole and absolute discretion, shall have the right to have Seller repurchase said Loan(s) at the Buy-Back Price.
Appears in 1 contract
Samples: Master Agreement for Sale and Purchase of Mortgages (Emb Corp)
