Common use of Remedies for Breach of Representations and Warranties of the Assignor Clause in Contracts

Remedies for Breach of Representations and Warranties of the Assignor. The Assignor hereby acknowledges and agrees that in the event of any breach of the representations and warranties made by the Assignor set forth in Section 4 hereof that materially and adversely affects the value of the Mortgage Loans or the interest of the Assignee or the Trustee therein, within sixty (60) days of the earlier of either discovery by or notice to the Assignor of such breach of a representation or warranty, it shall cure, purchase, cause the purchase of, or substitute for the applicable Mortgage Loan in the same manner and subject to the conditions set forth in Section 2.03 of the Standard Terms to the Trust Agreement with respect to the Assignee’s obligations to provide certain representations and warranties for the Mortgage Loans.

Appears in 16 contracts

Samples: Assignment, Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2007-4f), Assignment, Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2006-10f), Assignment, Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2007-1f)

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Remedies for Breach of Representations and Warranties of the Assignor. The Assignor hereby acknowledges and agrees that in the event of any breach of the representations and warranties made by the Assignor set forth in Section 4 5 hereof or in Section 2 of the Representations and Warranties Agreement that materially and adversely affects the value of the Mortgage Loans or the interest of the Assignee or the Trustee Trust therein, within sixty (60) days of the earlier of either discovery by or notice to the Assignor of such breach of a representation or warranty, it shall cure, purchase, cause the purchase of, or substitute for the applicable Mortgage Loan in the same manner and subject to the conditions set forth in Section 2.03 3 of the Standard Terms to the Trust Agreement with respect to the Assignee’s obligations to provide certain representations Representations and warranties for the Mortgage LoansWarranties Agreement.

Appears in 7 contracts

Samples: Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-8), Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-13), Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-7)

Remedies for Breach of Representations and Warranties of the Assignor. The Assignor hereby acknowledges and agrees that in the event of any breach of the representations and warranties made by the Assignor set forth in Section 4 hereof that materially and adversely affects the value of the Mortgage Loans or the interest of the Assignee or the Trustee Trust therein, within sixty (60) 60 days of the earlier of either discovery by or notice to the Assignor of such breach of a representation or warranty, it shall cure, purchase, cause the purchase of, or substitute for the applicable Mortgage Loan in the same manner and subject to the conditions set forth in Section 2.03 [___] of the Standard Terms to the Trust Pooling Agreement with respect to the Assignee’s obligations to provide certain representations and warranties for the Mortgage Loans.

Appears in 5 contracts

Samples: Flow Servicing Agreement (GSR 2006-5f), Flow Servicing Agreement (GSR Mortgage Loan Trust 2006-1f), Flow Servicing Agreement (GSR Mortgage Loan Trust 2006-3f)

Remedies for Breach of Representations and Warranties of the Assignor. The Assignor hereby acknowledges and agrees that in the event of any breach of the representations and warranties made by the Assignor set forth in Section 4 hereof or in Section 1 of the Representations and Warranties Agreement that materially and adversely affects the value of the Mortgage Loans or the interest of the Assignee or the Trustee Trust therein, within sixty (60) days of the earlier of either discovery by or notice to the Assignor of such breach of a representation or warranty, it shall cure, purchase, cause the purchase of, or substitute for the applicable Mortgage Loan in the same manner and subject to the conditions set forth in Section 2.03 2 of the Standard Terms to the Trust Agreement with respect to the Assignee’s obligations to provide certain representations Representations and warranties for the Mortgage LoansWarranties Agreement.

Appears in 4 contracts

Samples: Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-3), Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-3), Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-4)

Remedies for Breach of Representations and Warranties of the Assignor. The Assignor hereby acknowledges and agrees that in the event of any breach of the representations and warranties made by the Assignor set forth in Section 4 hereof or in Section 2 of the Representations and Warranties Agreement that materially and adversely affects the value of the Mortgage Loans or the interest of the Assignee or the Trustee Trust therein, within sixty (60) days of the earlier of either discovery by or notice to the Assignor of such breach of a representation or warranty, it shall cure, purchase, cause the purchase of, or substitute for the applicable Mortgage Loan in the same manner and subject to the conditions set forth in Section 2.03 2 of the Standard Terms to the Trust Agreement with respect to the Assignee’s obligations to provide certain representations Representations and warranties for the Mortgage LoansWarranties Agreement.

Appears in 3 contracts

Samples: Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-6), Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-6), Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-9)

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Remedies for Breach of Representations and Warranties of the Assignor. The Assignor hereby acknowledges and agrees that in the event of any breach of the representations and warranties made by the Assignor set forth in Section 4 hereof that materially and adversely affects the value of the Mortgage Loans or the interest of the Assignee or the Trustee therein, within sixty (60) days of the earlier of either discovery by or notice to the Assignor of such breach of a representation or warranty, it shall cure, purchase, cause the purchase of, or substitute for the applicable Mortgage Loan in the same manner and subject to the conditions set forth in Section 2.03 2.02 of the Standard Terms to the Trust Agreement with respect to the Assignee’s obligations to provide certain representations and warranties for the Mortgage Loans.

Appears in 1 contract

Samples: Assignment, Assumption and Recognition Agreement (GreenPoint Mortgage Funding Trust 2006-Oh1)

Remedies for Breach of Representations and Warranties of the Assignor. The Assignor hereby acknowledges and agrees that in the event of any breach of the representations and warranties made by the Assignor set forth in Section 4 hereof or in Section 1 of the Representations and Warranties Agreement that materially and adversely affects the value of the Mortgage Loans or the interest of the Assignee or the Trustee Trust therein, within sixty (60) 60 days of the earlier of either discovery by or notice to the Assignor of such breach of a representation or warranty, it shall cure, purchase, cause the purchase of, or substitute for the applicable Mortgage Loan in the same manner and subject to the conditions set forth in Section 2.03 2 of the Standard Terms to the Trust Agreement with respect to the Assignee’s obligations to provide certain representations Representations and warranties for the Mortgage LoansWarranties Agreement.

Appears in 1 contract

Samples: Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-1)

Remedies for Breach of Representations and Warranties of the Assignor. The Assignor hereby acknowledges and agrees that in the event of any breach of the representations and warranties made by the Assignor set forth in Section 4 hereof or in Section 7 of the Assignment Agreement that materially and adversely affects the value of the Mortgage Loans or the interest of the Assignee or the Trustee Trust therein, within sixty (60) days of the earlier of either discovery by or notice to the Assignor of such breach of a representation or warranty, it shall cure, purchase, cause the purchase of, or substitute for the applicable Mortgage Loan in the same manner and subject to the conditions set forth in Section 2.03 8 of the Standard Terms to the Trust Agreement with respect to the Assignee’s obligations to provide certain representations and warranties for the Mortgage LoansAssignment Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Gs-FFMLT 2006-Ff13)

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