Common use of Repurchase of Mortgage Loans with First Payment Defaults Clause in Contracts

Repurchase of Mortgage Loans with First Payment Defaults. If the related Mortgagor is delinquent with respect to the Mortgage Loan's first Monthly Payment either (i) after origination of such Mortgage Loan, or (ii) after the related Closing Date, the Seller, at the Purchaser's option, shall repurchase such Mortgage Loan from the Purchaser at a price equal to the Repurchase Price. The Seller shall repurchase such delinquent Mortgage Loan within thirty (30) days of such request.

Repurchase of Mortgage Loans with First Payment Defaults. If Except as otherwise specified in the related Purchase Price and Term Agreement, if the related Mortgagor is delinquent with respect to the Mortgage Loan's first Monthly Payment either (i) after origination of such Mortgage Loan, or (ii) after the related Closing Date, the Seller, at the Purchaser's option, shall repurchase such Mortgage Loan from the Purchaser at a price equal to the Repurchase Price. The Seller shall repurchase such delinquent Mortgage Loan within thirty (30) days of such request.

Repurchase of Mortgage Loans with First Payment Defaults. If the related Mortgagor is delinquent with respect to the Mortgage Loan's ’s first Monthly Payment either (i) after origination of such Mortgage Loan, or (ii) after the related Closing Date, the Seller, at the Purchaser's ’s option, shall repurchase such Mortgage Loan from the Purchaser at a price equal to the Repurchase Price. The Seller shall repurchase such delinquent Mortgage Loan within thirty (30) days of such request.

Repurchase of Mortgage Loans with First Payment Defaults. If the related Mortgagor is delinquent with respect to the Mortgage Loan's first Monthly Payment either (i) after origination of such Mortgage Loan, or (ii) after the related Closing Date, the Seller, at the Purchaser's option, shall repurchase such Mortgage Loan from the Purchaser at a price equal to the Repurchase PricePurchase Price within 5 Business Days of the receipt of such notice. The Purchaser shall provide the Seller shall repurchase with such delinquent Mortgage Loan notice within thirty (30) 60 days of after the Due Date for such requestMonthly Payment.

Repurchase of Mortgage Loans with First Payment Defaults. If the related Mortgagor is delinquent with respect to the any Mortgage Loan's ’s first Monthly Payment either (i) after origination of such Mortgage Loan, or (ii) after the related Closing Date, the Seller, at the Purchaser's ’s option, shall repurchase such Mortgage Loan from the Purchaser at a price equal to the Repurchase PricePrice plus the amount of any outstanding escrow or similar advances owed to the Interim Servicer. The Seller shall repurchase such delinquent Mortgage Loan within thirty (30) days of such request.

Repurchase of Mortgage Loans with First Payment Defaults. If the related Mortgagor is delinquent with respect to any of the related Mortgage Loan's ’s first Monthly Payment at any time either (i) after the origination of such Mortgage Loan, or (ii) after the related Closing Date, the Seller, at the Purchaser's ’s option, shall repurchase such Mortgage Loan from the Purchaser at a price equal to the Repurchase Price. The Seller shall repurchase such delinquent Mortgage Loan within thirty (30) days of such request.

Repurchase of Mortgage Loans with First Payment Defaults. If the related any Mortgagor is delinquent with respect to the related Mortgage Loan's ’s first two (2) Monthly Payment Payments at any time either (i) after the origination of such Mortgage Loan, or (ii) after the related Closing Date, the SellerSeller shall, at the Purchaser's ’s option, shall repurchase such Mortgage Loan from the Purchaser at a price equal to the Repurchase Price. The Seller shall repurchase such delinquent Mortgage Loan Price within thirty (30) days of such requestrequest for repurchase.