Repurchase of Certain Mortgage Loans. In the event that (i) the first Due Date for a Mortgage Loan is subsequent to the Cut-off Date and the initial Monthly Payment is not made within 30 days of such Due Date, (ii) a Monthly Payment due prior to the related Cut-off Date is not made within 30 days of the related Due Date or (iii) the principal balance due on a Mortgage Loan is paid in full within six months following the related Closing Date, then, in each such case, the Seller shall repurchase the affected Mortgage Loans at the Repurchase Price, which shall be paid as provided for in Subsection 7.03.
Appears in 7 contracts
Samples: Master Mortgage Loan Purchase and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2005-A8), Master Mortgage Loan Purchase and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-Af1), Master Mortgage Loan Purchase and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A1)
Repurchase of Certain Mortgage Loans. In the event that (i) the first Due Date for a Mortgage Loan is subsequent to the Cut-off Date and the initial Monthly Payment is not made within 30 thirty (30) days of such Due Date, (ii) a Monthly Payment due on or prior to the related Cut-off Date is not made within 30 thirty (30) days of the related Due Date or (iii) the principal balance due on a Mortgage Loan is paid in full within six months following thirty (30) days of the related Closing Date, then, in each such case, the Seller shall repurchase the affected Mortgage Loans at the Repurchase Price, which shall be paid as provided for in Subsection 7.03.
Appears in 3 contracts
Samples: Mortgage Loan Purchase and Servicing Agreement (CMALT (CitiMortgage Alternative Loan Trust), Series 2007-A7), Mortgage Loan Purchase and Servicing Agreement (Citicorp Mortgage Securities Inc), Mortgage Loan Purchase and Servicing Agreement (Citicorp Mortgage Securities Trust, Series 2007-6)
Repurchase of Certain Mortgage Loans. In the event that (i) the first Due Date for a Mortgage Loan is subsequent to the Cut-off Date and the initial Monthly Payment is not made within 30 thirty (30) days of such Due Date, (ii) a Monthly Payment due prior to the related Cut-off Date is not made within 30 thirty (30) days of the related Due Date Date; or (iii) the principal balance due on a Mortgage Loan is paid in full within six three (3) months following the related Closing Date, then, in each such case, the Seller shall repurchase the affected Mortgage Loans at the Repurchase Price, which shall be paid as provided for in Subsection 7.03.
Appears in 3 contracts
Samples: Reconstitution Agreement (Dsla 2006-Ar2), Master Mortgage Loan Purchase and Interim Servicing Agreement (Dsla Mortgage Loan Trust 2006-Ar1), Reconstitution Agreement (HarborView 2006-13)
Repurchase of Certain Mortgage Loans. In the event that (i) the first Due Date for a Mortgage Loan is subsequent to the Cut-off Date and the initial Monthly Payment is not made within 30 days of such Due Date, (ii) a Monthly Payment due prior to the related Cut-off Date is not made within 30 days of the related Due Date or (iii) the principal balance due on a Mortgage Loan is paid in full within six months sixty (60) days following the related Closing Date, then, in each such case, the Seller shall repurchase the affected Mortgage Loans at the Repurchase PricePrice provided that, which shall Purchaser provides statement of amount to be paid as provided for in Subsection 7.03reimbursed within 30 days of Purchaser's knowledge of such pay off.
Appears in 2 contracts
Samples: Master Mortgage Loan Purchase and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-6), Master Mortgage Loan Purchase and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-10)
Repurchase of Certain Mortgage Loans. In the event that (i) the first Due Date due date for a Mortgage Loan under the terms of the related Mortgage Note is subsequent to the Cut-off Date and the initial Monthly Payment is not made within 30 days of such Due Datedue date, (ii) a Monthly Payment due prior to the related Cut-off Date is not made within 30 days of the related Due Date due date or (iii) the principal balance due on a Mortgage Loan is paid in full within six months following 30 days of the related Closing Date, then, in each such case, the Seller shall repurchase the affected Mortgage Loans at the Repurchase Price, which shall be paid as provided for in Subsection 7.03.
Appears in 1 contract
Samples: Master Mortgage Loan Purchase Agreement (Westmark Group Holdings Inc)
Repurchase of Certain Mortgage Loans. In the event that (i) the first Due Date for a Mortgage Loan is subsequent to the Cut-off Date and the initial Monthly Payment is not made within 30 thirty (30) days of such Due Date, (ii) a Monthly Payment due prior to the related Cut-off Date is not made within 30 thirty (30) days of the related Due Date Date; or (iii) the principal balance due on a Mortgage Loan is paid in full within six three months following the related Closing Date, then, in each such case, the Seller shall repurchase the affected Mortgage Loans at the Repurchase Price, which shall be paid as provided for in Subsection 7.03.
Appears in 1 contract
Samples: Master Mortgage Loan Purchase and Interim Servicing Agreement (New York Mortgage Trust Inc)
