Common use of Wet Mortgage Loans Clause in Contracts

Wet Mortgage Loans. With respect to a Transaction the subject of which is a Wet Mortgage Loan, (i) Seller shall deliver to Buyer or its Custodian the related Mortgage Loan Documents in Seller’s possession, and (ii) Seller shall authorize, direct and cause the Closing Agent to deliver the related Mortgage Loan Documents directly to Buyer or its Custodian, in each case, within the Maximum Dwell Time in accordance with the terms of Section 7.2, Exhibit B hereof and the Custodial Agreement.

Appears in 1 contract

Samples: Master Repurchase Agreement (Caliber Home Loans, Inc.)

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Wet Mortgage Loans. With respect to a Transaction the subject of which is a Wet Mortgage Loan, (i) Seller shall deliver to Buyer or its Custodian the related any Mortgage Loan Documents in Seller’s possession, and (ii) Seller shall authorize, authorize and direct and cause the Closing Agent to deliver the related Mortgage Loan Documents directly to Seller, for delivery to Buyer or its Custodian, in each case, within the Maximum Dwell Time in accordance with the terms of Section 7.2, Exhibit B 7.2 hereof and the Custodial Agreement.

Appears in 1 contract

Samples: Master Repurchase Agreement (Rocket Companies, Inc.)

Wet Mortgage Loans. With respect to a Transaction the subject of which is a Wet Mortgage Loan, (i) Seller shall deliver to Buyer Administrative Agent or its Custodian the related any Mortgage Loan Documents in Seller’s possession, and (ii) Seller shall authorize, authorize and direct and cause the Closing Agent to deliver the related Mortgage Loan Documents directly to Buyer Seller, for delivery to Administrative Agent or its Custodian, in each case, within the Maximum Dwell Time in accordance with the terms of Section 7.27.2 hereof, Exhibit B hereof and the Custodial Agreement.

Appears in 1 contract

Samples: Assignment and Assumption (Pennymac Financial Services, Inc.)

Wet Mortgage Loans. With respect to a Transaction the subject of which is a Purchased Asset related to a Wet Mortgage Loan, (i) Seller Parties shall deliver to Buyer or its Custodian the related any Mortgage Loan Documents in Sellera Seller Party’s possession, and (ii) Seller Parties shall authorize, authorize and direct and cause the Closing Agent to deliver the related Mortgage Loan Documents directly to Seller Parties, for delivery to Buyer or its Custodian, in each case, within the Maximum Dwell Time in accordance with the terms of Section 7.2, Exhibit B 7.2 hereof and the Custodial Agreement.

Appears in 1 contract

Samples: Master Repurchase Agreement (Rocket Companies, Inc.)

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Wet Mortgage Loans. With respect to a Transaction the subject of which is a Wet Mortgage Loan, (i) Seller shall deliver to Buyer Administrative Agent, on behalf of Buyers, or its Custodian the related Mortgage Loan Documents in Seller’s possession, and (ii) Seller shall authorize, direct and cause the Closing Agent to deliver the related Mortgage Loan Documents directly to Buyer Administrative Agent, on behalf of Buyers, or its Custodian, in each case, within the Maximum Dwell Time in accordance with the terms of Section 7.2, Exhibit B hereof and the Custodial Agreement.. ​

Appears in 1 contract

Samples: Master Repurchase Agreement (EXP World Holdings, Inc.)

Wet Mortgage Loans. With respect to a Transaction the subject of which is a Wet Mortgage Loan, (i) Seller shall deliver to Buyer Administrative Agent, on behalf of Buyers, or its Custodian the related Mortgage Loan Documents in Seller’s possession (or copies thereof) or in its custodian’s possession, and (ii) Seller shall authorize, direct and cause the Closing Agent its custodian to deliver the related Mortgage Loan Documents directly to Buyer or its Custodian, in each case, within the Maximum Dwell Time in accordance with the terms of Section 7.2, Exhibit B hereof and the Custodial Agreement.Administrative

Appears in 1 contract

Samples: Master Repurchase Agreement (Altisource Asset Management Corp)

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