Common use of Optional Repurchase or Transfer of Mortgage Loans Clause in Contracts

Optional Repurchase or Transfer of Mortgage Loans. (a) Notwithstanding any provision in Section 3.07 to the contrary, the Servicer, at its option and in its sole discretion, may repurchase any Mortgage Loan that is delinquent in payment by a period of ninety (90) days or longer for a price equal to the Repurchase Price, provided that any such repurchase shall occur only during the 60-day period commencing on the first day of the next calendar month.

Optional Repurchase or Transfer of Mortgage Loans. (a) Notwithstanding any provision in Section 3.07 above to the contrary, the Master Servicer, at its option and in its sole discretion, may repurchase any Mortgage Loan that is delinquent in payment by for a period of ninety (90) days or longer for a price equal to the Repurchase Price, provided that any such repurchase shall occur only during the 60-day period commencing on the first day of the next calendar month.

Optional Repurchase or Transfer of Mortgage Loans. (a) Notwithstanding any provision in Section 3.07 to the contrary, the Servicer, at its option and in its sole discretion, may repurchase any Mortgage Loan that is delinquent in payment by for a period of ninety (90) days or longer for a price equal to the Repurchase Price, provided that any such repurchase shall occur only during the 60-day period commencing on the first day of the next calendar month.

Optional Repurchase or Transfer of Mortgage Loans. (a) Notwithstanding any provision in Section 3.07 to the contrary, the Servicer, at its option and in its sole discretion, may repurchase any Mortgage Loan that is delinquent in payment by for a period of ninety sixty (9060) days or longer for a price equal to the Repurchase Price, provided that any such repurchase shall occur only during the 60-day period commencing on the first day of the next calendar month.

Optional Repurchase or Transfer of Mortgage Loans. (a) Notwithstanding any provision in Section 3.07 above to the contrary, the Servicer, at its option and in its sole discretion, may repurchase any Mortgage Loan that is delinquent in payment by for a period of ninety (90) days or longer for a price equal to the Repurchase Price, provided that any such repurchase shall occur only during the 60-day period commencing on the first day of the next calendar month.