Transfer Date Deadline Sample Clauses

Transfer Date Deadline. Seller shall use its best efforts to obtain the final certification or recertification, as applicable, of any Pool with respect to which the deadline for final certification or recertification is a date that occurs on or before the applicable Transfer Date. If it appears that a Pool required to be finally certified or recertified on or before the scheduled Transfer Date will not be so certified or recertified, then, subject to any necessary approval of the Investor, Seller shall, as directed by Purchaser, (i) request that the Transfer Date with respect to such Pool be delayed until the Pool is so certified or recertified, or (ii) if permitted by the applicable Investor, repurchase any Mortgage Loan that is preventing the Pool from being finally certified or recertified in time to permit the Pool to be so certified or recertified by the scheduled Transfer Date. As a condition to the transfer of the Servicing Rights to a Pool that is required to be, but is not, finally certified or recertified on the applicable Transfer Date, Seller shall pay the cost of posting any letter of credit or performance bond required by the applicable Investor with respect to the Pool and reimburse Purchaser for any Losses resulting from, arising out of or relating to the Pool not being finally certified or recertified by the deadline.