Common use of Retransfers of Mortgage Loans at Election of Sponsor Clause in Contracts

Retransfers of Mortgage Loans at Election of Sponsor. Subject to the conditions set forth below, the Sponsor may, but shall not be obligated to (except the Sponsor shall be obligated upon a breach of a representation or warranty), accept the reassignment of Mortgage Loans from the Issuer as of the close of business on a Payment Date (the "Transfer Date"). On the fifth Business Day (the "Transfer Notice Date") prior to the Transfer Date designated in such notice, the Sponsor shall give the Indenture Trustee, the Note Insurer and the Master Servicer a notice of the proposed reassignment that contains a list of the Mortgage Loans to be reassigned. Such reassignment of Mortgage Loans shall be permitted upon satisfaction of the following conditions:

Retransfers of Mortgage Loans at Election of Sponsor. Subject to the conditions set forth below, the Sponsor may, but shall not be obligated to (except the Sponsor shall be obligated upon a breach of a representation or warranty), accept the reassignment of Mortgage Loans from the Issuer Trust as of the close of business on a Payment Date (the "Transfer Date"). On the fifth Business Day (the "Transfer Notice Date") prior to the Transfer Date designated in such notice, the Sponsor shall give the Indenture Trustee, the Note Insurer and the Master Servicer a notice of the proposed reassignment that contains a list of the Mortgage Loans to be reassigned. Such reassignment of Mortgage Loans shall be permitted upon satisfaction of the following conditions: