Common use of Repurchase of Certain Mortgage Loans Clause in Contracts

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.

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.

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.

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.

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.

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.