Common use of Repurchase Price Clause in Contracts

Repurchase Price. Unless otherwise agreed by the Purchaser and the Company (including without limitation as set forth in the commitment Letter), a price equal to (i) the Stated Principal Balance of the Mortgage Loan as of the date on which such repurchase takes place, plus (ii) interest on such Stated Principal Balance at the Mortgage Loan Remittance Rate from the date on which interest has last been paid and distributed to the Purchaser through the last day of the month in which such repurchase takes place, less amounts received or advanced in respect of such repurchased Mortgage Loan which are being held in the Custodial Account for distribution in the month of repurchase, plus (iii) all costs and expenses incurred by the Purchaser arising out of or based upon such breach, including without limitation costs and expenses incurred in the enforcement of the Company's repurchase obligation hereunder.

Appears in 11 contracts

Samples: Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-2), Indemnification Agreement (Morgan Stanley Mortgage Loan Trust 2006-11), Indemnification Agreement (Morgan Stanley Mortgage Loan Trust 2006-6ar)

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Repurchase Price. Unless otherwise agreed by the Purchaser and the Company (including without limitation as set forth in the commitment related Commitment Letter), a price equal to (i) the Stated Principal Balance of the Mortgage Loan as of the date on which such repurchase takes place, plus (ii) interest on such Stated Principal Balance at the Mortgage Loan Remittance Rate from the date on which interest has last been paid and distributed to the Purchaser through the last day of the month in which such repurchase takes place, less amounts received or advanced in respect of such repurchased Mortgage Loan which are being held in the Custodial Account for distribution in the month of repurchase, plus (iii) all costs and expenses incurred by the Purchaser arising out of or based upon such breach, including without limitation costs and expenses incurred in the enforcement of the Company's repurchase obligation hereunder.

Appears in 4 contracts

Samples: And Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-6xs), Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-1xs), Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-7)

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