Common use of Repurchase Date Clause in Contracts

Repurchase Date. Seller shall notify Buyer and the Custodian at least one day prior to each Repurchase Date. Buyer shall send a Repurchase Release in the form of Exhibit 9 to the Custodian by 12:00 noon (New York time) on each Repurchase Date listing the Purchased Mortgage Loans to be released thereon. On the Repurchase Date for each Transaction, unless the Custodian receives on the Business Day prior to such Repurchase Date a Notice of Default or Written Instructions from both the Buyer and 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 instruct the Custodian to release to the Seller or its designee the Purchased Mortgage Loans with respect to such Transaction. Upon surrender to the Custodian of the related Trust Receipt in connection therewith the Custodian shall issue a new Trust Receipt and Mortgage Loan Schedule indicating any Mortgage Loans relating to the surrendered Trust Receipt that were not repurchased by Seller.

Repurchase Date. Seller The Sellers shall notify provide the Buyer and the Custodian with Written Instructions at least one day Business Day(s) prior to each Repurchase DateDate on which 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 9 8 hereto (a "Repurchase Release") to the Sellers and the Custodian by 12:00 noon 3:00 p.m. (New York time) on the Business Day prior to each Repurchase Date listing the Purchased Mortgage Loans to be released thereonon 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 or Written Instructions from both Transaction the Buyer and 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 instruct instructs the Custodian to release to the Seller Sellers or its their designee the Purchased Mortgage Loans with respect to designated in such Transaction. Upon surrender to Repurchase Release upon receipt of notification by the Custodian of from the related Trust Receipt in connection therewith Buyer that it has received the Repurchase Price. The Buyer shall notify the Custodian shall issue a new Trust Receipt and Mortgage Loan Schedule indicating any Mortgage Loans relating to immediately upon confirmation that the surrendered Trust Receipt that were not repurchased by SellerSellers have transmitted the Repurchase Price.

Repurchase Date. Each Seller shall notify provide the Buyer and the Custodian at least one day with Written Instructions prior to 10:00 a.m. (New York City time) on each Repurchase DateDate 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 9 8 hereto (a “Repurchase Release”) to each Seller and the Custodian by 12:00 noon 10:00 a.m. (New York City time) on each the Repurchase Date listing the Purchased Mortgage Loans to be released thereonon 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 the each 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 instruct instructs the Custodian to release to the each Seller or its designee the Purchased Mortgage Loans with respect to designated in such Transaction. Upon surrender to Repurchase Release upon receipt of notification by the Custodian of from the related Trust Receipt in connection therewith Buyer that it has received the Repurchase Price. The Buyer shall notify the Custodian shall issue a new Trust Receipt and Mortgage Loan Schedule indicating any Mortgage Loans relating to immediately upon confirmation that each Seller has transmitted the surrendered Trust Receipt that were not repurchased by SellerRepurchase Price.

Repurchase Date. Each Seller shall notify provide the Buyer and the Custodian at least one day with Written Instructions prior to 10:00 a.m. (New York City time) on each Repurchase DateDate 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 9 8 hereto (a "Repurchase Release") to each Seller and the Custodian by 12:00 noon 10:00 a.m. (New York City time) on each the Repurchase Date listing the Purchased Mortgage Loans to be released thereonon 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 the each 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 instruct instructs the Custodian to release to the each Seller or its designee the Purchased Mortgage Loans with respect to designated in such Transaction. Upon surrender to Repurchase Release upon receipt of notification by the Custodian of from the related Trust Receipt in connection therewith the Custodian shall issue a new Trust Receipt and Mortgage Loan Schedule indicating any Mortgage Loans relating to the surrendered Trust Receipt Buyer that were not repurchased by Seller.it has received the

Repurchase Date. The Seller shall notify provide the Buyer and the Custodian at least one day with Written Instructions prior to 10:00 a.m. (New York City time) on each Repurchase DateDate on which 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 9 8 hereto (a “Repurchase Release”) to the Seller and the Custodian by 12:00 noon 10:00 a.m. (New York City time) on each the Repurchase Date listing the Purchased Mortgage Loans to be released thereonon 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 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 instruct instructs the Custodian to release to the Seller or its designee the Purchased Mortgage Loans with respect to designated in such Transaction. Upon surrender to Repurchase Release upon receipt of notification by the Custodian of from the related Trust Receipt in connection therewith Buyer that it has received the Repurchase Price. The Buyer shall notify the Custodian shall issue a new Trust Receipt and Mortgage Loan Schedule indicating any Mortgage Loans relating to immediately upon confirmation that the surrendered Trust Receipt that were not repurchased by SellerSeller has transmitted the Repurchase Price.