Common use of REMEDY FOR NON-DELIVERY OF DOCUMENTS Clause in Contracts

REMEDY FOR NON-DELIVERY OF DOCUMENTS. However, anything to the contrary notwithstanding, in the event that the Seller is required to deliver to the Buyer any documents related to a purchased Loan and the Seller fails to deliver such document in the proper form on the date or within the time period specified by the controlling section of this Agreement, Buyer shall notify the Seller of the breach, and the Seller shall have thirty (30) days from the date of notice to cure the breach. If the Seller has not cured the breach within the thirty (30) day cure period, the Seller shall immediately repurchase the Loan upon Buyer's demand. The Buy-Back Price shall be determined in accordance with Article VI(C). Any Loan returned by the Buyer pursuant to this paragraph shall be without recourse, representation or warranty.

Appears in 3 contracts

Samples: Master Agreement (Westmark Group Holdings Inc), Master Agreement for Sale and Purchase of Mortgages (Westmark Group Holdings Inc), Master Agreement (American Home Mortgage Holdings Inc)

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REMEDY FOR NON-DELIVERY OF DOCUMENTS. However, anything to the contrary notwithstanding, in the event that the Seller is required to deliver to the Buyer any documents related to a purchased Loan and the Seller fails to deliver such document in the proper form on the date or within the time period specified by the controlling section of this Agreement, Buyer shall notify the Seller of the breach, and the Seller shall have thirty (30) days from the date of notice to cure the breach. If the Seller has not cured the breach within the thirty (30thirty-(30) day cure period, the Seller shall immediately repurchase the Loan upon Buyer's demand. The Buy-Back Price shall be determined in accordance with Article VI(C). Any Loan loan returned by the Buyer pursuant to this paragraph shall be without recourse, representation or warranty.

Appears in 3 contracts

Samples: Master Agreement (Cityscape Corp), Master Agreement (Cityscape Corp), Master Agreement (Cityscape Corp)

REMEDY FOR NON-DELIVERY OF DOCUMENTS. However, anything to the contrary notwithstanding, in the event that the Seller is required to deliver to the Buyer any documents related to a purchased Loan and the Seller fails to deliver such document in the proper form on the date or within the time period specified by the controlling section of this Agreement, Buyer shall notify the Seller of the breach, and the Seller shall have thirty (30) days from the date of notice to cure the breach. If the Seller has not cured the breach within the thirty (30) day cure period, the Seller shall immediately repurchase the Loan upon Buyer's demand. The Buy-Back Price shall be determined in accordance with Article VI(CVIC). Any Loan returned by the Buyer pursuant to this paragraph shall be without recourse, representation or warranty.

Appears in 1 contract

Samples: Austin Funding Com Corp

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REMEDY FOR NON-DELIVERY OF DOCUMENTS. However, anything to the ------------------------------------ contrary notwithstanding, in the event that the Seller is required to deliver to the Buyer any documents related to a purchased Loan and the Seller fails to deliver such document in the proper form on the date or within the time period specified by the controlling section of this Agreement, Buyer shall notify the Seller of the breach, and the Seller shall have thirty (30) days from the date of notice to cure the breach. If the Seller has not cured the breach within the thirty (30) day cure period, the Seller shall immediately repurchase the Loan upon Buyer's demand. The Buy-Back Price shall be determined in accordance with Article VI(C). Any Loan returned by the Buyer pursuant to this paragraph shall be without recourse, representation or warranty.

Appears in 1 contract

Samples: Emb Corp

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