Termination Upon Purchase by the Servicer or Liquidation of All Mortgage Loans. (a) The Servicer may purchase the outstanding Group 1 and Group 2 Loans, all property acquired by the Trust in respect of any such Mortgage Loan and all other property included in REMIC I or REMIC III in respect of such Mortgage Loans, on or after the first date on which the aggregate Principal Balance of the Group 1 and Group 2 Loans is less than the Groups 1-2 Clean-Up Call Percentage of the aggregate Principal Balance of such Mortgage Loans as of the Cut-Off Date, at a price equal to the sum, reduced by unreimbursed advances (other than advances made with respect to Group 1 and Group 2 Loans as to which the Servicer expects at the time of such purchase, in its sole judgment, that foreclosure is not imminent), of
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2006-Ar10), Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2006-Ar18), Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2006-Ar16)
Termination Upon Purchase by the Servicer or Liquidation of All Mortgage Loans. (a) The Servicer may purchase the outstanding Group 1 and Group 2 Loans, all property acquired by the Trust in respect of any such Mortgage Loan and all other property included in any REMIC I or REMIC III formed under this Agreement in respect of such Mortgage Loans, on or after the first date on which the aggregate Principal Balance of the Group 1 and Group 2 Loans is less than the Groups 1-2 Clean-Up Call Percentage of the aggregate Principal Balance of such Mortgage Loans as of the Cut-Off Date, at a price equal to the sum, reduced by unreimbursed advances (other than advances made with respect to Group 1 and Group 2 Loans as to which the Servicer expects at the time of such purchase, in its sole judgment, that foreclosure is not imminent), of
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2007-Hy4), Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2007-Hy3), Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2007-Hy7)
Termination Upon Purchase by the Servicer or Liquidation of All Mortgage Loans. (a) The Servicer may purchase the outstanding Group 1 and Group 2 Loans, all property acquired by the Trust in respect of any such Mortgage Loan and all other property included in any REMIC I or REMIC III formed under this Agreement in respect of such Mortgage Loans, on or after the first date on which the aggregate Principal Balance of the Group 1 and Group 2 Loans is less than the Groups 1-2 Clean-Up Call Percentage of the aggregate Principal Balance of such Mortgage Loans as of the Cut-Off Date, at a price equal to the sum, reduced by unreimbursed advances (other than advances made with respect to Group 1 and Group 2 Loans as to which the Servicer expects at the time of such purchase, in its sole judgment, that foreclosure is not imminent), of
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2007-Oa1), Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2006-Ar9), Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2007-Oa2)
Termination Upon Purchase by the Servicer or Liquidation of All Mortgage Loans. (a) The Servicer may purchase the outstanding Group 1 and Group 2 Loans, all property acquired by the Trust in respect of any such Mortgage Loan and all other property included in REMIC I I, REMIC III or REMIC III IV in respect of such Mortgage Loans, on or after the first date on which the aggregate Principal Balance of the Group 1 and Group 2 Loans is less than the Groups 1-2 Clean-Up Call Percentage of the aggregate Principal Balance of such Mortgage Loans as of the Cut-Off Date, at a price equal to the sum, reduced by unreimbursed advances (other than advances made with respect to Group 1 and Group 2 Loans as to which the Servicer expects at the time of such purchase, in its sole judgment, that foreclosure is not imminent), of
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2006-Ar12), Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2006-Ar11)
Termination Upon Purchase by the Servicer or Liquidation of All Mortgage Loans. (a) The Servicer may purchase the outstanding Group 1 and Group 2 Loans, all property acquired by the Trust in respect of any such Mortgage Loan and all other property included in REMIC I or I, REMIC III and REMIC IV formed under this Agreement in respect of such Mortgage Loans, on or after the first date on which the aggregate Principal Balance of the Group 1 and Group 2 Loans is less than the Groups 1-2 Clean-Up Call Percentage of the aggregate Principal Balance of such Mortgage Loans as of the Cut-Off Date, at a price equal to the sum, reduced by unreimbursed advances (other than advances made with respect to Group 1 and Group 2 Loans as to which the Servicer expects at the time of such purchase, in its sole judgment, that foreclosure is not imminent), of
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Termination Upon Purchase by the Servicer or Liquidation of All Mortgage Loans. (a) The Servicer may purchase the outstanding Group 1 and Group 2 Loans, all property acquired by the Trust in respect of any such Mortgage Loan and all other property included in any REMIC I or REMIC III in respect of such Mortgage Loansformed under this Agreement, on or after the first date on which the aggregate Principal Balance of the Group 1 and Group 2 Loans is less than the Groups 1-1 & 2 Clean-Up Call Percentage of the aggregate Principal Balance of such Mortgage Loans as of the Cut-Off Date, at a price equal to the sum, reduced by unreimbursed advances (other than advances made with respect to Group 1 and Group 2 Loans as to which the Servicer expects at the time of such purchase, in its sole judgment, that foreclosure is not imminent), of
Appears in 1 contract
Termination Upon Purchase by the Servicer or Liquidation of All Mortgage Loans. (a) The Servicer may purchase the outstanding Group 1 and Group 2 Loans, all property acquired by the Trust in respect of any such Mortgage Loan and all other property included in REMIC I or REMIC III IV in respect of such Mortgage Loans, on or after the first date on which the aggregate Principal Balance of the Group 1 and Group 2 Loans is less than the Groups 1-2 Clean-Up Call Percentage of the aggregate Principal Balance of such Mortgage Loans as of the Cut-Off Date, at a price equal to the sum, reduced by unreimbursed advances (other than advances made with respect to Group 1 and Group 2 Loans as to which the Servicer expects at the time of such purchase, in its sole judgment, that foreclosure is not imminent), of
Appears in 1 contract
Samples: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2007-Hy1)
Termination Upon Purchase by the Servicer or Liquidation of All Mortgage Loans. (a) The Servicer may purchase the outstanding Group 1 1, Group 2 and Group 2 4 Loans, all property acquired by the Trust in respect of any such Mortgage Loan and all other property included in REMIC I or REMIC III in respect of such Mortgage Loans, on or after the first date on which the aggregate Principal Balance of the Group 1 1, Group 2 and Group 2 4 Loans is less than the Groups 1-2 Clean-Up Call Percentage of the aggregate Principal Balance of such Mortgage Loans as of the Cut-Off Date, at a price equal to the sum, reduced by unreimbursed advances (other than advances made with respect to Group 1 1, Group 2 and Group 2 4 Loans as to which the Servicer expects at the time of such purchase, in its sole judgment, that foreclosure is not imminent), of
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Termination Upon Purchase by the Servicer or Liquidation of All Mortgage Loans. (a) The Servicer may purchase the outstanding Group 1 and Group 2 Loans, all property acquired by the Trust in respect of any such Mortgage Loan and all other property included in REMIC I or REMIC III IV in respect of such Mortgage Loans, on or after the first date on which the aggregate Principal Balance of the Group 1 and Group 2 Loans is less than the Groups 1-2 Clean-Up Call Percentage of the aggregate Principal Balance of such Mortgage Loans as of the Cut-Off Date, at a price equal to the sum, reduced by unreimbursed advances (other than advances made with respect to Group 1 and Group 2 Loans as to which the Servicer expects at the time of such purchase, in its sole judgment, that foreclosure is not imminent), of
Appears in 1 contract
Termination Upon Purchase by the Servicer or Liquidation of All Mortgage Loans. (a) The Servicer may purchase the outstanding Group 1 and Group 2 Loans, all property acquired by the Trust in respect of any such Mortgage Loan and all other property included in REMIC I or REMIC III in respect of such Mortgage Loans, on or after the first date on which the aggregate Principal Balance of the Group 1 and Group 2 Loans is less than the Groups 1-2 Clean-Up Call Percentage of the aggregate Principal Balance of such Mortgage Loans as of the Cut-Off Date, at a price equal to the sum, reduced by unreimbursed advances made by the Servicer with respect to Group 1 Loans (other than advances made with respect to Group 1 and Group 2 Loans as to which the Servicer expects at the time of such purchase, in its sole judgment, that foreclosure is not imminent), of:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2006-Ar8)