Common use of Seller’s Right to Cure Clause in Contracts

Seller’s Right to Cure. In the event there exists a basis to demand indemnification under Section 7.1 hereof with respect to any Loan, in addition to any other rights and remedies that Purchaser may have, Purchaser, subject to any limitations of applicable Insurer or Investor requirements, may demand that Seller cure such breach. Seller shall have ten (10) days to cure any breach which is susceptible of cure after receiving demand from the Seller. Even if Seller cures such breach, it shall remain liable to Purchaser for the indemnification of any remaining claims pursuant to Section 7.1.

Appears in 3 contracts

Samples: Loan Purchase Agreement, Loan Purchase Agreement, Loan Purchase Agreement

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Seller’s Right to Cure. In the event there exists a basis to demand indemnification under Section 7.1 hereof with respect to any Loan, in addition to any other rights and remedies that Purchaser may have, Purchaser, subject to any limitations of applicable Insurer or Investor requirements, may demand that Seller cure such breachsuchbreach. Seller shall have ten (10) days to cure any breach which is susceptible of cure after receiving demand from the Seller. Even if Seller cures such breach, it shall remain liable to Purchaser for the indemnification of any remaining claims pursuant to Section 7.1.

Appears in 2 contracts

Samples: Loan Purchase Agreement, Loan Purchase Agreement

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Seller’s Right to Cure. In the event there exists a basis to demand indemnification under Section 7.1 hereof with respect to any Loan, in addition to any other rights and remedies that Purchaser may have, Purchaser, subject to any limitations of applicable Insurer or Investor requirements, may demand that Seller cure such breach. Seller shall have ten (10) days to cure any breach which is susceptible of cure after receiving demand from the Sellercure. Even if Seller cures such breach, it shall remain liable to Purchaser for the indemnification of any remaining claims pursuant to Section 7.1.

Appears in 1 contract

Samples: Correspondent Loan Purchase Agreement

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