Common use of Repurchase Date Clause in Contracts

Repurchase Date. Each Seller shall provide the Buyer and the Custodian with Written Instructions prior to 10:00 a.m. (New York City time) on each Repurchase Date on which such Seller intends to remove Purchased Mortgage Loans from the repurchase facility governed by the Repurchase Agreement, which Written Instructions shall include a schedule of Purchased Mortgage Loans to be removed on such date (unless all Purchased Mortgage Loans are to be removed, in which case the Written Instructions shall indicate this fact). The Buyer shall send a Repurchase Release in the form of Exhibit 8 hereto (a “Repurchase Release”) to each Seller and the Custodian by 10:00 a.m. (New York City time) on the Repurchase Date listing the Purchased Mortgage Loans to be released on such Repurchase Date. On the Repurchase Date for each Transaction, unless the Custodian receives on the Business Day prior to such Repurchase Date a Notice of Default from the Buyer or Written Instructions from both the Buyer and each Seller that the Repurchase Date has been extended, the Buyer hereby irrevocably instructs the Custodian to release to each Seller or its designee the Purchased Mortgage Loans designated in such Repurchase Release upon receipt of notification by the Custodian from the Buyer that it has received the Repurchase Price. The Buyer shall notify the Custodian immediately upon confirmation that each Seller has transmitted the Repurchase Price.

Repurchase Date. Each Seller shall provide the notify Buyer and the Custodian with Written Instructions at least one day prior to 10:00 a.m. (New York City time) on each Repurchase Date on which such Seller intends to remove Purchased Mortgage Loans from the repurchase facility governed by the Repurchase Agreement, which Written Instructions shall include a schedule of Purchased Mortgage Loans to be removed on such date (unless all Purchased Mortgage Loans are to be removed, in which case the Written Instructions shall indicate this fact)Date. The Buyer shall send a Repurchase Release in the form of Exhibit 8 hereto (a “Repurchase Release”) 9 to each Seller and the Custodian by 10:00 a.m. 12:00 noon (New York City time) on the each Repurchase Date listing the Purchased Mortgage Loans to be released on such Repurchase Datethereon. On the Repurchase Date for each Transaction, unless the Custodian receives on the Business Day prior to such Repurchase Date a Notice of Default from the Buyer or Written Instructions from both the Buyer and each the Seller that the Repurchase Date has been extended, and provided that Buyer has notified Custodian by telephone that it or the Registered Holder has received the Repurchase Price specified in the Repurchase Release for the related Transaction, the Buyer and the Registered Holder hereby irrevocably instructs instruct the Custodian to release to each the Seller or its designee the Purchased Mortgage Loans designated in with respect to such Repurchase Release upon receipt of notification by Transaction. Upon surrender to the Custodian from of the Buyer that it has received the Repurchase Price. The Buyer shall notify related Trust Receipt in connection therewith the Custodian immediately upon confirmation shall issue a new Trust Receipt and Mortgage Loan Schedule indicating any Mortgage Loans relating to the surrendered Trust Receipt that each Seller has transmitted the Repurchase Pricewere not repurchased by Seller.

Repurchase Date. Each Seller shall provide notify the Buyer and the Custodian with Written Instructions of the Mortgage Loan Files relating to the Mortgage Loans that are to be repurchased by Seller, by 3:00 p.m. (New York City time) one (1) Business Day prior to 10:00 a.m. the related Repurchase Date for any Transaction. The Seller shall pay to the Buyer, by no later than 4:00 p.m. (New York City time) on each Repurchase Date on which such Seller intends to remove Purchased Mortgage Loans from the repurchase facility governed by the Repurchase Agreement, which Written Instructions shall include a schedule of Purchased Mortgage Loans to be removed on such date (unless all Purchased Mortgage Loans are to be removed, in which case the Written Instructions shall indicate this fact). The Buyer shall send a Repurchase Release in the form of Exhibit 8 hereto (a “Repurchase Release”) to each Seller and the Custodian by 10:00 a.m. (New York City time) on the Repurchase Date listing the Purchased Mortgage Loans to be released on such Repurchase Date. On , in immediately available funds, the Repurchase Date Price for each Transactionsuch Mortgage Loan, unless including the Custodian receives on unpaid Price Differential related thereto and together with all other payments due and payable by Seller to Buyer under the Program Documents in relation to such Mortgage Loan. For the avoidance of doubt (but without duplication), Seller shall remit, one (1) Business Day prior to such Repurchase Date a Notice Date, for the Mortgage Loans to be repurchased by to Seller, an aggregate amount equal to the Repurchase Price for such Mortgage Loans, determined in accordance with the terms of Default such Transaction. Upon receipt by the Custodian of written notice from the Buyer Registered Holder in the form of Exhibit 10 hereto (or Written Instructions via facsimile or e-mail confirmation from both an Authorized Representative of the Buyer and each Seller Buyer) stating that the Registered Holder has received the Repurchase Date has been extendedPrice for the Mortgage Loans subject to, and in accordance with the terms of, such Transactions, the Buyer hereby irrevocably instructs the Custodian to shall release to each Seller or its designee the Purchased Mortgage Loan Files with respect to such repurchased Mortgage Loans designated in such Repurchase Release upon receipt and shall deliver to the related Registered Holder an amended Trust Receipt with an Exception Report attached thereto, listing all of notification by the Mortgage Loans still subject to one or more Transactions. So long as the notice to the Custodian from the Registered Holder or Authorized Representative of the Buyer that it has is received by 5:00 p.m. (New York City time), the Repurchase Price. The Buyer release of the related Mortgage Loan Files at the direction of Seller shall notify the Custodian immediately upon confirmation that each Seller has transmitted the Repurchase Priceoccur as soon as reasonably possible, but no later than five Business Days following receipt of such direction from Seller.

Repurchase Date. Each Seller The Sellers shall provide pay to the Buyer and the Custodian with Written Instructions prior to 10:00 a.m. Administrative Agent, by no later than 4:00 p.m. (New York City time) on each such Repurchase Date on which Date, in immediately available funds, the Repurchase Price for such Seller intends Purchased Asset, including the unpaid Price Differential related thereto and together with all other payments due and payable by Sellers to remove Administrative Agent under the Program Documents in relation to such Purchased Mortgage Loans Asset. Upon receipt by the Custodian of written notice from the repurchase facility governed by the Repurchase Agreement, which Written Instructions shall include a schedule of Purchased Mortgage Loans to be removed on such date (unless all Purchased Mortgage Loans are to be removed, in which case the Written Instructions shall indicate this fact). The Buyer shall send a Repurchase Release Registered Holder in the form of Exhibit 8 10 hereto (a “or via facsimile or e-mail confirmation from an Authorized Representative of the Administrative Agent) stating that the Registered Holder has received the Repurchase Release”) to each Seller Price for the Purchased Assets subject to, and in accordance with the terms of, such Transactions, the Custodian shall release to the related Seller or its designee the Mortgage Loan Files with respect to such repurchased Purchased Assets and shall deliver to the related Registered Holder an amended Trust Receipt with an Exception Report attached thereto, listing all of the Purchased Assets still subject to one or more Transactions. So long as the notice to the Custodian from the Registered Holder or Authorized Representative of the Administrative Agent is received by 10:00 a.m. 5:00 p.m. (New York City time) on the Repurchase Date listing the Purchased Mortgage Loans to be released on such Repurchase Date. On the Repurchase Date for each Transaction, unless the Custodian receives on the Business Day prior to such Repurchase Date a Notice of Default from the Buyer or Written Instructions from both the Buyer and each Seller that the Repurchase Date has been extended), the Buyer hereby irrevocably instructs delivery of the related Mortgage Loan Files at the direction of Sellers shall occur as soon as reasonably possible, but no later than five Business Days following receipt of such direction from Sellers; provided, however, if the Sellers direct the Custodian to release transfer such Mortgage Loan Files to each Seller or its designee another custodianship with the Purchased Mortgage Loans designated in such Repurchase Release upon receipt of notification by Custodian, the Custodian from the Buyer that it has received the Repurchase Price. The Buyer shall notify the Custodian immediately upon confirmation that each Seller has transmitted the Repurchase Priceeffectuate such transfer.

Repurchase Date. Each Seller shall provide the Buyer and the Custodian with Written Instructions prior to 10:00 a.m. (New York City time) on each Repurchase Date on which such Seller intends to remove Purchased Mortgage Loans from the repurchase facility governed by the Repurchase Agreement, which Written Instructions shall include a schedule of Purchased Mortgage Loans to be removed on such date (unless all Purchased Mortgage Loans are to be removed, in which case the Written Instructions shall indicate this fact). The Buyer shall send a Repurchase Release in the form of Exhibit 8 hereto (a “"Repurchase Release”") to each Seller and the Custodian by 10:00 a.m. (New York City time) on the Repurchase Date listing the Purchased Mortgage Loans to be released on such Repurchase Date. On the Repurchase Date for each Transaction, unless the Custodian receives on the Business Day prior to such Repurchase Date a Notice of Default from the Buyer or Written Instructions from both the Buyer and each Seller that the Repurchase Date has been extended, the Buyer hereby irrevocably instructs the Custodian to release to each Seller or its designee the Purchased Mortgage Loans designated in such Repurchase Release upon receipt of notification by the Custodian from the Buyer that it has received the Repurchase Price. The Buyer shall notify the Custodian immediately upon confirmation that each Seller has transmitted the Repurchase Price.the

Repurchase Date. Each Seller The Sellers shall provide the Buyer and the Custodian with Written Instructions at least one Business Day(s) prior to 10:00 a.m. (New York City time) on each Repurchase Date on which such Seller intends the Sellers intend to remove Purchased Mortgage Loans from the repurchase facility governed by the Repurchase Agreement, which Written Instructions shall include a schedule of Purchased Mortgage Loans to be removed on such date (unless all Purchased Mortgage Loans are to be removed, in which case the Written Instructions shall indicate this fact). The Buyer shall send a Repurchase Release in the form of Exhibit 8 hereto (a “"Repurchase Release”") to each Seller the Sellers and the Custodian by 10:00 a.m. 3:00 p.m. (New York City time) on the Business Day prior to each Repurchase Date listing the Purchased Mortgage Loans to be released on such Repurchase Date. On the Repurchase Date for each Transaction, unless the Custodian receives on the Business Day prior to such Repurchase Date a Notice of Default from the Buyer or Written Instructions from both the Buyer and each Seller that the Repurchase Date has been extended, Transaction the Buyer hereby irrevocably instructs the Custodian to release to each Seller the Sellers or its their designee the Purchased Mortgage Loans designated in such Repurchase Release upon receipt of notification by the Custodian from the Buyer that it has received the Repurchase Price. The Buyer shall notify the Custodian immediately upon confirmation that each Seller has the Sellers have transmitted the Repurchase Price.

Repurchase Date. Each The Seller shall provide the Buyer and the Custodian with Written Instructions prior to 10:00 a.m. (New York City time) on each Repurchase Date on which such the Seller intends to remove Purchased Mortgage Loans from the repurchase facility governed by the Repurchase Agreement, which Written Instructions shall include a schedule of Purchased Mortgage Loans to be removed on such date (unless all Purchased Mortgage Loans are to be removed, in which case the Written Instructions shall indicate this fact). The Buyer shall send a Repurchase Release in the form of Exhibit 8 hereto (a “Repurchase Release”) to each the Seller and the Custodian by 10:00 a.m. (New York City time) on the Repurchase Date listing the Purchased Mortgage Loans to be released on such Repurchase Date. On the Repurchase Date for each Transaction, unless the Custodian receives on the Business Day prior to such Repurchase Date a Notice of Default from the Buyer or Written Instructions from both the Buyer and each the Seller that the Repurchase Date has been extended, the Buyer hereby irrevocably instructs the Custodian to release to each the Seller or its designee the Purchased Mortgage Loans designated in such Repurchase Release upon receipt of notification by the Custodian from the Buyer that it has received the Repurchase Price. The Buyer shall notify the Custodian immediately upon confirmation that each the Seller has transmitted the Repurchase Price.