Common use of Future Defects Clause in Contracts

Future Defects. During the term of this Agreement, if Custodian discovers any defect with respect to the Mortgage Loan Files, Custodian shall promptly give written specification of such defect to Seller and Purchaser, within one (1) Business Day of discovery of such defect (in the form of the Custodian Loan Transmission and Exception Report). For purposes of this Section, “

Appears in 1 contract

Samples: Custodial Agreement (Sachem Capital Corp.)

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Future Defects. During the term of this Agreement, if the Custodian discovers any defect with respect to the Mortgage Loan Files, the Custodian shall promptly give written specification of such defect to Seller and Purchaserthe Seller, within one (1the Registered Holder(s) Business Day of discovery of such defect (in the form of the Custodian Loan Transmission and Exception Report)and, if Buyer is not a Registered Holder, Buyer. For purposes of this Section, "

Appears in 1 contract

Samples: Custodial Agreement (United Panam Financial Corp)

Future Defects. During the term of this Agreement, if the Custodian discovers any defect with respect to any Mortgage File, the Mortgage Loan Files, Custodian shall promptly give prompt written specification of such defect to Seller the Sellers and Purchaser, within one (1) Business Day of discovery of such defect (in the form of the Custodian Loan Transmission and Exception Report)Registered Holder. For purposes of this Section, "

Appears in 1 contract

Samples: Custodial Agreement (American Home Mortgage Investment Corp)

Future Defects. During the term of this Agreement, if the Custodian discovers any defect with respect to any Mortgage File, the Mortgage Loan Files, Custodian shall promptly give written specification of such defect to the Seller and Purchaser, within one (1) Business Day of discovery of such defect (in the form of the Custodian Loan Transmission and Exception Report)Buyer. For purposes of this Section, "

Appears in 1 contract

Samples: Custodial Agreement (MortgageIT Holdings, Inc.)

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Future Defects. During the term of this Agreement, if Custodian Xxxxxxxxx discovers any defect with respect to the Mortgage Loan Files, Custodian shall promptly give written specification of such defect to Seller and Purchaser, within one (1) Business Day of discovery of such defect (in the form of the Custodian Loan Transmission and Exception Report). For purposes of this Section, “Trustee.

Appears in 1 contract

Samples: Custodial Agreement (BancCap Asset Securitization Issuance Corp, BASIC Asset Backed Securities Trust 2006-1, Mortgage Pass-Through Certificates, Series 2006-1)

Future Defects. During the term of this Agreement, if the Custodian discovers any defect with respect to any Mortgage File, the Mortgage Loan Files, Custodian shall promptly give written specification of such defect to the Seller and Purchaser, within one (1) Business Day of discovery of such defect (in the form of the Custodian Loan Transmission and Exception Report)Buyer. For purposes of this Section, “

Appears in 1 contract

Samples: Custodial Agreement (Mortgageit Holdings Inc)

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