Common use of Repurchase of Loans Specifically Clause in Contracts

Repurchase of Loans Specifically. Participant hereby agrees to repurchase any Mortgage Loan sold to Servicer at any time during the life of the Mortgage Loan, at a price set forth in Section 5. c hereof, upon the occurrence of any of the following events: i. Participant’s Breach of Covenant. Participant breaches any covenant, warranty or representation set forth in this Agreement, except for Sections 4.c, 4.d, 4.e, or 4.g which will not require the Participant to repurchase any specific Mortgage Loan unless such breach of these listed covenants is material and has an adverse effect on the value of a Mortgage Loan, however, such breach may be reason to terminate this Agreement pursuant to Section 8.g of the Agreement.

Repurchase of Loans Specifically. Participant hereby agrees to repurchase any Mortgage Loan sold to Servicer at any time during the life of the Mortgage Loan, at a price set forth in Section 5. c 5.c hereof, upon the occurrence of any of the following events: i. Participant’s Breach of Covenant. Participant breaches any covenant, warranty or representation set forth in this Agreement, except for Sections 4.c, 4.d, 4.e, or 4.g which will not require the Participant to repurchase any specific Mortgage Loan unless such breach of these listed covenants is material and has an adverse effect on the value of a Mortgage Loan, however, such breach may be reason to terminate this Agreement pursuant to Section 8.g of the Agreement.