Deemed Material Breach Representation definition

Deemed Material Breach Representation. Each representation and warranty identified as such in Subsection 9.02.
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Deemed Material Breach Representation. Each representation and warranty identified as such in Section 3.2.
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Examples of Deemed Material Breach Representation in a sentence

  • This representation and warranty is a Deemed Material Breach Representation.

  • Notwithstanding the previous paragraph, with the exception of the representation and warranty set forth in paragraph (52) of Section 3.03 or any Deemed Material Breach Representation, the applicable Seller may, at the Purchaser’s option and assuming that such Seller has a Qualified Substitute Mortgage Loan or Loans, rather than repurchase the Mortgage Loan as provided above, remove such Mortgage Loan (“Deleted Mortgage Loan”) and substitute in its place a Qualified Substitute Mortgage Loan or Loans.

  • Notwithstanding the above sentence, (i) within thirty (30) days of the earlier of either discovery by, or notice to, the Seller of any breach of the representation and warranty set forth in clause (aaa) of Subsection 9.02, the Seller shall repurchase such Mortgage Loan at the Repurchase Price, and (ii) any breach of a Deemed Material Breach Representation shall automatically be deemed to materially and adversely affect the value of the Mortgage Loan and the interest of the Purchaser therein.

  • Notwithstanding the above sentence, (i) within sixty (60) days of the earlier of either discovery by, or notice to, the Seller of any breach of the representation and warranty set forth in clause (rr) of Subsection 9.02, the Seller shall repurchase such Mortgage Loan at the Repurchase Price and (ii) any breach of a Deemed Material Breach Representation shall automatically be deemed to materially and adversely affect the value of the Mortgage Loan and the interest of the Purchaser therein.

  • This representation and warranty is a Deemed Material Breach Representation;.

  • Notwithstanding the above sentence, any breach of a Deemed Material Breach Representation shall automatically be deemed to materially and adversely affect the value of the Mortgage Loan and the interest of the Purchaser therein.

  • This representation and warranty is a Deemed Material Breach Representation; and (kkk) Option ARM Mortgage Loans.

  • Notwithstanding the above sentence, (i) within sixty (60) days after the earlier of either discovery by, or notice to, the Seller of any breach of the representations or warranties set forth in clause (vv) of Subsection 7.01, the Seller shall repurchase such Mortgage Loan at the Repurchase Price and (ii) any breach of a Deemed Material Breach Representation shall automatically be deemed to materially and adversely affect the value of the Mortgage Loan and the interest of the Purchaser therein.

  • This representation and warranty is a Deemed Material Breach Representation; (ww) Doing Business.

  • Therefore, within sixty (60) days of the earlier of either discovery by, or notice to the Seller of any Deemed Material Breach Representation, the Seller shall repurchase such Mortgage Loan at the Repurchase Price.