Common use of Claims Against Seller Clause in Contracts

Claims Against Seller. If a breach of a Representation or Warranty arises in respect of any Mortgage Loan and (in either case) no repurchase requirement arises in respect of the Seller pursuant to this Clause 8 (Warranties and Repurchase by the Seller), neither the Mortgages Trustee, Funding nor the Security Trustee shall have any claim against the Seller in respect of, or in relation to, such breach of Representation or Warranty in relation to that Mortgage. For the avoidance of doubt, save as provided for in this Clause 8 (Warranties and Repurchase by the Seller), the Seller is not obliged to repurchase any other Mortgage Loan or its Related Security.

Appears in 7 contracts

Samples: Mortgage Sale Agreement (Granite Mortgages 03-2 PLC), Mortgage Sale Agreement (Granite Mortgages 04-1 PLC), Mortgage Sale Agreement (Granite Mortgages 02-1 PLC)

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