Repurchase of Certain Mortgage Loans That Prepay in Full. With respect to Mortgage Loans without Prepayment Charges, in the event that any such Mortgage Loan prepays in full during the first three full months following the related Closing Date, the Company shall pay the Purchaser, within three (3) Business Days of such prepayment in full, an amount equal to the applicable Purchase Price Percentage less 100%, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He4), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He4), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He2)
Repurchase of Certain Mortgage Loans That Prepay in Full. With respect to Mortgage Loans without Prepayment Chargesprepayment penalties, in the event that any such Mortgage Loan prepays in full during the first three full (3) months following the related Closing Date, the Company Seller shall pay the Purchaser, within three (3) Business Days of such prepayment in full, an amount equal to the applicable Purchase Price Percentage for such Mortgage Loan, as set forth herein, less 100%, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Sabr Trust 2005-Fr2)
