Repurchase Obligation for Defective Documentation and for Breach of a Representation or Warranty. (a) Each of the representations and warranties contained in Sections 3.01, 3.02 and 3.03 shall survive the purchase by the Depositor of the Mortgage Loans, the subsequent transfer thereof by the Depositor to the Trust and the subsequent pledge thereof by the Trust to the Indenture Trustee, for the benefit of the Noteholders and the Note Insurer, and shall continue in full force and effect, notwithstanding any restrictive or qualified endorsement on the Mortgage Notes and notwithstanding subsequent termination of this Agreement, the Sale and Servicing Agreement or the Indenture.
Appears in 10 contracts
Samples: Unaffiliated Seller's Agreement (American Business Financial Services Inc /De/), Unaffiliated Seller's Agreement (Prudential Securities Secured Financing Corp), Unaffiliated Seller's Agreement (Bear Stearns Asset Backed Securities Inc)
Repurchase Obligation for Defective Documentation and for Breach of a Representation or Warranty. (a) Each of the representations and warranties contained in Sections 3.01, 3.02 and 3.03 shall survive the purchase by the Depositor of the Mortgage Loans, Loans and the subsequent transfer thereof by the Depositor to the Trust and the subsequent pledge thereof by the Trust to the Indenture Trustee, for the benefit of the Noteholders and the Note Insurer, Trustee and shall continue in full force and effect, notwithstanding any restrictive or qualified endorsement on the Mortgage Notes and notwithstanding subsequent termination of this Agreement, the Sale and Servicing Agreement or the IndenturePooling and Servicing Agreement.
Appears in 9 contracts
Samples: 'S Agreement (Prudential Securities Secured Financing Corp), Preferred (Preferred Securitization Corp), Prudential Securities (Prudential Securities Secured Financing Corp)
Repurchase Obligation for Defective Documentation and for Breach of a Representation or Warranty. (a) Each of the representations and warranties contained in Sections 3.01, 3.01 and 3.02 and 3.03 shall survive the purchase by the Depositor Purchaser of the Mortgage Loans, Loans and the subsequent transfer thereof by (i) the Depositor Purchaser to the Trust Issuer and the subsequent pledge thereof (ii) by the Trust Issuer to the Indenture Trustee, for Trustee and the benefit delivery of the Noteholders and Notes to the Note InsurerNoteholders, and shall continue in full force and effect, notwithstanding any restrictive or qualified endorsement on the Mortgage Notes or Loan Agreements, as applicable and notwithstanding subsequent termination of this Agreement, the Sale and Servicing Agreement or the Indenture.
Appears in 3 contracts
Samples: Mortgage Loan Sale Agreement (Bear Stearns Asset Backed Securities Inc), Mortgage Loan Purchase and Servicing Agreement (Irwin Whole Loan Home Equity Trust 2004 A), Mortgage Loan Purchase and Servicing Agreement (Bear Stearns Asset Backed Securities Inc)
Repurchase Obligation for Defective Documentation and for Breach of a Representation or Warranty. (a) Each of the representations and warranties contained in Sections 3.01, 3.01 and 3.02 and 3.03 shall survive the purchase by the Depositor of the Mortgage Loans, Loans and the subsequent transfer thereof by the Depositor to the Trust Issuer and the subsequent pledge thereof by the Trust Issuer to the Indenture Trustee, for Trustee and the benefit delivery of the Noteholders and Notes to the Note InsurerNoteholders, and shall continue in full force and effect, notwithstanding any restrictive or qualified endorsement on the Mortgage Notes or Loan Agreements, as applicable and notwithstanding subsequent termination of this Agreement, the Mortgage Loan Sale Agreement or the Sale and Servicing Agreement or the IndentureAgreement.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Bear Stearns Asset Backed Sec Inc Irwin Home Eq Lo Tr 2001-2)
Repurchase Obligation for Defective Documentation and for Breach of a Representation or Warranty. (a) Each a)Each of the representations and warranties contained in Sections 3.01, 3.02 and 3.03 shall survive the purchase by the Depositor of the Mortgage Loans, Loans and the subsequent transfer thereof by the Depositor to the Trust and the subsequent pledge thereof by the Trust to the Indenture Trustee, for the benefit of the Noteholders and the Note Insurer, and shall continue in full force and effect, notwithstanding any restrictive or qualified endorsement on the Mortgage Notes and notwithstanding subsequent termination of this Agreement, the Sale and Servicing Agreement or the Indenture.
Appears in 1 contract
Repurchase Obligation for Defective Documentation and for Breach of a Representation or Warranty. (a) Each of the representations and warranties contained in Sections 3.01, 3.02 3.01 and 3.03 shall survive the purchase by the Depositor of the Mortgage Loans, the subsequent transfer thereof by the Depositor to the Trust and the subsequent pledge thereof by the Trust to the Indenture Trustee, for the benefit of the Noteholders and the Note Insurer, and shall continue in full force and effect, notwithstanding any restrictive or qualified endorsement on the Mortgage Notes and notwithstanding subsequent termination of this Agreement, the Sale and Servicing Agreement or the Indenture.
Appears in 1 contract
Samples: Loan Sale Agreement (Prudential Securities Secured Financing Corp)