Termination Upon Purchase by the Servicer or Liquidation of All Mortgage Loans. (a) The Servicer may purchase the outstanding Mortgage Loans, all property acquired by the Trust in respect of any Mortgage Loan and all other property included in any REMIC formed under this Agreement, on or after the first date on which the aggregate Principal Balance of the Mortgage Loans is less than the Clean-Up Call Percentage of the aggregate Principal Balance of the 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 Mortgage 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 (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2006-Ar7), Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2006-Ar6)
Termination Upon Purchase by the Servicer or Liquidation of All Mortgage Loans. (a) The Servicer may purchase the outstanding Mortgage Group 1 Loans, all property acquired by the Trust in respect of any such Mortgage Loan and all other property included in any REMIC formed under this AgreementI in respect of such Mortgage Loans, on or after the first date on which the aggregate Principal Balance of the Mortgage Group 1 Loans is less than the Clean-Up Call Percentage of the aggregate Principal Balance of the 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 Mortgage Group 1 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)
Termination Upon Purchase by the Servicer or Liquidation of All Mortgage Loans. (a) The Servicer may purchase the outstanding Mortgage Group 1 Loans, all property acquired by the Trust in respect of any such Mortgage Loan and all other property included in any REMIC formed under this AgreementI in respect of such Mortgage Loans, on or after the first date on which the aggregate Principal Balance of the Mortgage Group 1 Loans is less than the Group 1 Clean-Up Call Percentage of the aggregate Principal Balance of the 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 Mortgage Group 1 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-Ar14)
