Common use of Survival Upon Termination Clause in Contracts

Survival Upon Termination. Termination of the Mortgage Lender shall not terminate its obligation to repurchase a Non-Qualifying Mortgage Loan or to meet other obligations that would continue had it, instead of being terminated, completed its performance hereunder in full. Upon termination, a Mortgage Lender shall turn over Mortgage Loans in process (at no compensation or fee therefore) for reallocation to other Mortgage Lenders to complete.

Appears in 6 contracts

Samples: Mortgage Origination Agreement, Mortgage Origination Agreement, Mortgage Origination Agreement

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