Recourse Servicing Contracts. Acquire or enter into Servicing Contracts under which Borrower must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans.
Recourse Servicing Contracts. Except for Servicing Contracts involving Xxxxxx Xxx DUS Mortgage Loans, and conduit originations for which the Borrower notifies Lender pursuant hereto, acquire or enter into Servicing Contracts under which the Borrower must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans.
Recourse Servicing Contracts. Acquire or enter into Servicing Contracts under which Borrowers must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans (but subject to recourse for breaches of normal representations, warranties and other provisions), if the aggregate principal amount of Mortgage Loans serviced pursuant to such Servicing Contracts would exceed by all Borrowers $250,000,000.
Recourse Servicing Contracts. Acquire or enter into Servicing Contracts under which the Borrower must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans, except for loss sharing under Xxxxxx Xxx DUS Mortgage Loans, Xxxxxxx Mac loss sharing and FHA/Xxxxxx Xxx coinsurance and as a result of customary representations and warranties consistent with past practices in the ordinary course of the Borrower’s business concerning the Mortgage Loans.
Recourse Servicing Contracts. Acquire or enter into Servicing Contracts under which any Borrower must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans (but subject to recourse for breaches of normal representations, warranties and other provisions). End of Article 0
Recourse Servicing Contracts. None of the Borrowers will acquire or enter into Servicing Contracts under which any Borrower must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans, except for loss sharing under Fannie Mae DUS Mortgage Loans and as a result of customary represenxxxxxxs xxd warranties concerning the Mortgage Loans.
Recourse Servicing Contracts. Except for Servicing Contracts involving Fxxxxx Mxx DUS Mortgage Loans and conduit originations for which Seller notifies Buyer pursuant hereto, Seller shall not acquire or enter into Servicing Contracts under which Seller must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the respective terms of those Mortgage Loans.
Recourse Servicing Contracts. Except for Servicing Contracts involving Xxxxxx Mae DUS Mortgage Loans, Xxxxxxx Mac Program Mortgage Loans, or Mortgage Loans which are insured and/or guaranteed by FHA or Xxxxxx Mae, acquire or enter into Servicing Contracts relating to Pledged Assets under which Borrowers must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans. End of Article 8
Recourse Servicing Contracts. Acquire or enter into, or permit any Subsidiary to acquire or enter into, Servicing Contracts under which Borrower must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans (but subject to recourse for breaches of normal representations, warranties and other provisions).
Recourse Servicing Contracts. Acquire or enter into, or permit any Subsidiary to acquire or enter into, Servicing Contracts under which Borrower must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans (but subject to recourse for breaches of normal representations, warranties and other provisions), if the aggregate principal amount of Mortgage Loans serviced pursuant to such Servicing Contracts would exceed $250,000,000.
