Examples of Subsequent Mortgage Loan Purchase Agreements in a sentence
If a Responsible Officer of the Indenture Trustee has actual knowledge of any breach of any representation or warranty made by the Seller in the Mortgage Loan Purchase Agreement or in the applicable Group 1 and Group 2 Subsequent Mortgage Loan Purchase Agreements, the Indenture Trustee shall promptly notify the Seller of such finding and the Seller's obligation to cure such defect or repurchase or substitute for the related Mortgage Loan.
The Issuer shall, pursuant to the Indenture, assign all of its right, title and interest in and to the Mortgage Loans and its right to exercise the remedies created by Article II of this Agreement for breaches of the representations, warranties, agreements and covenants of the Seller contained in the Mortgage Loan Purchase Agreement and the Subsequent Mortgage Loan Purchase Agreements, to the Indenture Trustee, for the benefit of the Noteholders.
The Purchaser intends to deposit the Mortgage Loans, and the Subsequent Mortgage Loans transferred to it pursuant to one or more Subsequent Mortgage Loan Purchase Agreements, into a mortgage pool comprising the Trust Fund.
The representations and warranties set forth in the Mortgage Loan Purchase Agreement and the Subsequent Mortgage Loan Purchase Agreements shall be deemed to have been made by the Seller with respect to each Substitute Mortgage Loan as of the date of acceptance of such Mortgage Loan by the Trustee.
The Indenture Trustee, as pledgee of the Mortgage Loans, has the benefit of the representations and warranties made by the Seller in (i) the Mortgage Loan Purchase Agreement concerning the Seller and the Initial Mortgage Loans and (ii) any Subsequent Mortgage Loan Purchase Agreements concerning the Seller and the Group 1 Subsequent Mortgage Loans to the same extent as though such representations and warranties were made directly to the Indenture Trustee.
Pursuant to the Mortgage Loan Purchase Agreements and any Subsequent Mortgage Loan Purchase Agreements, each of the Sellers sold, transferred, assigned, set over and otherwise conveyed to the Depositor, without recourse, all the right, title and interest of such Seller in and to the assets in the Trust Fund.
Each of the Sellers further agrees that such Seller will not, and will not permit the Servicer, or the Master Servicer, to, and each of the Servicer and the Master Servicer, agree that it will not, alter the codes referenced in this paragraph with respect to any Mortgage Loan during the term of this Agreement unless and until such Mortgage Loan is repurchased in accordance with the terms of this Agreement, the Mortgage Loan Purchase Agreements or any Subsequent Mortgage Loan Purchase Agreements.
If a Responsible Officer of the Indenture Trustee has actual knowledge of any breach of any representation or warranty made by the Seller in the Mortgage Loan Purchase Agreement or in the applicable Subsequent Mortgage Loan Purchase Agreements, the Indenture Trustee shall promptly notify the Seller of such finding and the Seller's obligation to cure such defect or repurchase or substitute for the related Mortgage Loan.
The Indenture Trustee, as pledgee of the Mortgage Loans, has the benefit of the representations and warranties made by the Seller in (i) the Mortgage Loan Purchase Agreement concerning the Seller and the Initial Mortgage Loans and (ii) any Group 1 or Group 2 Subsequent Mortgage Loan Purchase Agreements concerning the Seller and the Group 1 or Group 2 Subsequent Mortgage Loans to the same extent as though such representations and warranties were made directly to the Indenture Trustee.
If a Responsible Officer of the Indenture Trustee has actual knowledge of any breach of any representation or warranty made by the Seller in the Mortgage Loan Purchase Agreement or in the applicable Group 1 or Group 2 Subsequent Mortgage Loan Purchase Agreements, the Indenture Trustee shall promptly notify the Seller of such finding and the Seller's obligation to cure such defect or repurchase or substitute for the related Mortgage Loan.