Common use of Underpayment Options Clause in Contracts

Underpayment Options. (a) The Seller undertakes to the Issuer that it is and shall at all times remain solely responsible for documenting any election by a Borrower to exercise an Underpayment Option with respect to any relevant Loan.

Appears in 6 contracts

Samples: Agreement, Version Mortgage Sale Agreement, Version Mortgage Sale Agreement

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