Common use of Repurchases of Series 2002-1 Loans that Become Defaulted Loans Clause in Contracts

Repurchases of Series 2002-1 Loans that Become Defaulted Loans. If any Series 2002-1 Loan becomes a Defaulted Loan during any Due Period, the Seller may repurchase such Defaulted Loan from the Company or its assignees at the Repurchase Price therefor and in accordance with the additional provisions applicable to repurchases of Defective Loans under Section 7(b).

Appears in 5 contracts

Samples: Loan Purchase Agreement (Wyndham Worldwide Corp), Master Loan Purchase Agreement (Wyndham Worldwide Corp), Master Loan Purchase Agreement (Cendant Corp)

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Repurchases of Series 2002-1 Loans that Become Defaulted Loans. If any Series 2002-1 Loan becomes a Defaulted Loan during any Due Period, the Seller may repurchase such Defaulted Loan from the Company Purchaser or its assignees at the Repurchase Price therefor and in accordance with the additional provisions applicable to repurchases of Defective Loans under Section 7(b).

Appears in 1 contract

Samples: Loan Purchase Agreement (Wyndham Worldwide Corp)

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