Request for Repurchase. In the event of an occurrence of any Repurchase Obligation, upon the request of UHMC, TPO hereby agrees to repurchase the related Loan (or, if the related Loan has been foreclosed, to repurchase the related property) within ten (10) days after UHMC's written request therefore for an amount equal to the Repurchase Price (as defined below). For the purpose hereof, the term "foreclosure" shall include judicial foreclosure, non- judicial foreclosure, deed in lieu of foreclosure, or any other mechanism of obtaining title to the property.
Appears in 2 contracts
Sources: Third Party Origination Agreement, Third Party Origination Agreement