Common use of Repurchase of Certain Mortgage Loans That Prepay in Full Clause in Contracts

Repurchase of Certain Mortgage Loans That Prepay in Full. With respect to Mortgage Loans without Prepayment Penalties, in the event that any such Mortgage Loan is prepaid in full on or before the earlier to occur of (i) the date which is six (6) months after the related Closing Date and (ii) the date on which the Mortgage Loan becomes subject to any Securitization Transfer that is a mortgage backed-security net interest margin (NIM) transaction, the Seller shall pay the Purchaser, within thirty (30) Business Days of Seller's receipt of notification of such prepayment in full, the difference between (a) the Purchase Price (as adjusted) for such Mortgage Loan and (b) the sum of the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date.

Repurchase of Certain Mortgage Loans That Prepay in Full. With respect to Mortgage Loans without Prepayment Penalties, in the event that any such Mortgage Loan is prepaid in full on or before the earlier to occur of (i) the date which is six (6) months after the related Closing Date and (ii) the date on which the Mortgage Loan becomes subject to any Securitization Transfer that is a mortgage backed-security net interest margin (NIM) transaction, the Seller shall pay the Purchaser, within thirty (30) Business Days of Seller's ’s receipt of notification of such prepayment in full, the difference between (a) the Purchase Price (as adjusted) for such Mortgage Loan and (b) the sum of the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date.