Common use of Delinquency Clause in Contracts

Delinquency. Except with respect to Monthly Payments not yet thirty days delinquent, all payments due prior to the related Cut-off Date for such Mortgage Loan have been made and credited as of the related Closing Date, the Mortgage Loan has not been dishonored, and no Mortgage Loan has been more than thirty (30) days delinquent more than once in the prior twelve (12) months.

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (Jpmac 2006-Ch2), Pooling and Servicing Agreement (Jpmac 2007-Ch2), Pooling and Servicing Agreement (J.P. Morgan Mortgage Acquisition Trust 2007-Ch4)

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Delinquency. Except with respect to Monthly Payments not yet thirty 30 days delinquentpast due, all payments due required to be made prior to the related Cut-off Closing Date for such Mortgage Loan under the terms of the Mortgage Note have been made and credited as of the related Closing Datemade, the Mortgage Loan has not been dishonored, and no Mortgage Loan has been more than thirty (30) days delinquent more than once in since the prior twelve (12) monthsrelated origination date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (J.P. Morgan Mortgage Acquisition Trust 2007-He1)

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