Common use of Repurchase or Substitution of Mortgage Loans Clause in Contracts

Repurchase or Substitution of Mortgage Loans. (a) Each of CMSI, CitiMortgage and the Trustee will promptly notify the other parties if it discovers a breach of any of the representations and warranties in section 2.2 that materially and adversely affects the interests of the certificate holders or any Insurer in a mortgage loan (including a mortgage loan substituted for a nonconforming mortgage loan pursuant to section 2.4) (a material breach).

Appears in 20 contracts

Samples: Pooling Agreement (Citicorp Mortgage Securities Trust, Series 2007-2), Pooling Agreement (Citicorp Mortgage Securities Inc), Pooling Agreement (Citicorp Mortgage Securities Inc)

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