Purchase Execution. In executing the Issuer’s mandatory purchase obligations under Subsection 2.5(1), the Issuer’s optional purchase rights under Subsection 2.5(2) or the Guarantor’s optional purchase rights under Subsection 2.5(3), the Issuer or the Guarantor, as applicable, may either purchase a Mortgage Loan or REO Property itself or arrange, by contract or otherwise, for another Person to purchase that Mortgage Loan or REO Property directly from a Trust, in each case in accordance with the applicable terms and conditions set forth in Subsection 2.5(1), Subsection 2.5(2) or Subsection 2.5(3).
Appears in 11 contracts
Sources: Second Amended and Restated 2007 Multifamily Master Trust Agreement, Master Trust Agreement, Second Amended and Restated 2016 Single Family Master Trust Agreement
Purchase Execution. In executing the Issuer’s mandatory purchase obligations under Subsection 2.5(1), the Issuer’s optional purchase rights under Subsection 2.5(2) or the Guarantor’s optional purchase rights under Subsection 2.5(3), the Issuer or the Guarantor, as applicable, may either purchase a Mortgage Loan or REO Property itself or arrange, by contract or otherwise, for another Person to purchase that Mortgage Loan or REO Property directly from a Trust, in each case in accordance with the applicable terms and conditions set forth in Subsection 2.5(1), Subsection 2.5(2) or Subsection 2.5(3).2.5(3).
Appears in 4 contracts
Sources: Multifamily Master Trust Agreement, Amended and Restated 2021 Multifamily Master Trust Agreement, 2021 Multifamily Master Trust Agreement
Purchase Execution. In executing the Issuer’s mandatory purchase purchase obligations under Subsection 2.5(1), the Issuer’s optional purchase rights under Subsection 2.5(2) or the Guarantor’s optional purchase rights under Subsection 2.5(3), the Issuer or the Guarantor, as applicable, may either purchase a Mortgage Loan or REO Property itself or arrange, by contract or otherwise, for another Person to purchase that Mortgage Loan or REO Property directly from a Trust, in each case in accordance with the applicable terms and conditions set forth in Subsection 2.5(1), Subsection 2.5(2) or Subsection 2.5(3).
Appears in 1 contract