Common use of Terms of Repurchase Clause in Contracts

Terms of Repurchase. So long as no breach of any of the Seller's representations or warranties set forth herein shall be in existence, and the Seller has otherwise complied with the terms and conditions hereof, the Seller may repurchase Mortgage Loans any time and from time to time by delivering to the Buyer a Seller's Repurchase Request at least one (1) Business Day before the requested repurchase date (in this Article called the "Repurchase Date"); provided that any such repurchase shall include Mortgage Loans having an aggregate Book Value of $25,000. Such repurchase shall be on a whole-loan, servicing-released basis without recourse, representation or warranty of the Buyer, at the Repurchase Price.

Appears in 3 contracts

Samples: Mortgage Loan Purchase and Sale Agreement (Technical Olympic Usa Inc), Mortgage Loan Purchase and Sale Agreement (Technical Olympic Usa Inc), Mortgage Loan Purchase and Sale Agreement (Technical Olympic Usa Inc)

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Terms of Repurchase. So long as no breach of any of the Seller's representations or warranties set forth herein shall be in existence, and the Seller has otherwise complied with the terms and conditions hereof, the Seller may repurchase Mortgage Loans any time and from time to time by delivering to the Buyer a Seller's Repurchase Request at least one (1) Business Day before the requested repurchase date (in this Article called the "Repurchase DateREPURCHASE DATE"); provided that any such repurchase shall include Mortgage Loans having an aggregate Book Value of $25,000. Such repurchase shall be on a whole-loan, servicing-released basis without recourse, representation or warranty of the Buyer, at the Repurchase Price.

Appears in 1 contract

Samples: Mortgage Loan Purchase and Sale Agreement (Technical Olympic Usa Inc)

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Terms of Repurchase. So long as no breach of any of the Seller's representations or warranties set forth herein shall be in existence, and the Seller has otherwise complied with the terms and conditions hereof, the Seller may repurchase Mortgage Loans any time and from time to time by delivering to the Buyer a Seller's Repurchase Request at least one (1) Business Day before the requested repurchase date (in this Article called the "Repurchase Date")) ; provided that any such repurchase shall include Mortgage Loans having an aggregate Book Value of at least $25,00050,000. Such repurchase shall be on a whole-loan, servicing-released basis without recourse, representation or warranty of the Buyer, at the Repurchase Price.

Appears in 1 contract

Samples: Mortgage Loan Purchase and Sale Agreement (Standard Pacific Corp /De/)

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