MSR Call Option definition
MSR Call Option means the right of an MSR Lender which is a Government Sponsored Entity to repurchase MSR from the Borrower or any Restricted Subsidiary the purchase of which was initially financed by such MSR Lender with proceeds of Permitted MSR Indebtedness so long as the purchase price in respect thereof is at Fair Market Value and for cash.
MSR Call Option means (x) the right of an MSR Lender which is a Government Sponsored Entity to repurchase Servicing Rights from the Borrower or any of its Subsidiaries the purchase of which was initially financed by such MSR Lender with proceeds of MSR Loans and (y) in the case of ▇▇▇▇▇▇ Mae, also the right of ▇▇▇▇▇▇ ▇▇▇ to purchase all of the Equity Interests of the ▇▇▇▇▇▇ Mae Servicer Entity, in each case so long as (i) each such repurchase or purchase right is set forth in the applicable MSR Document or Servicing Agreement and (ii) the purchase price in respect thereof is at Fair Market Value and for cash.