Common use of WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS Clause in Contracts

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 20 contracts

Samples: Master Repurchase Agreement (Mr. Cooper Group Inc.), Master Repurchase Agreement (Home Point Capital Inc.), Master Repurchase Agreement (Home Point Capital Inc.)

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WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets Items as a result of restrictions upon Purchaser Buyer or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets Items shall be disposed of in the event of any disposition pursuant hereto.

Appears in 18 contracts

Samples: Master Repurchase Agreement (Caliber Home Loans, Inc.), Master Repurchase Agreement (Velocity Financial, LLC), Master Repurchase Agreement

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser Buyer or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 10 contracts

Samples: Master Repurchase Agreement (Spirit Finance Corp), Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. The Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets Items as a result of restrictions upon Purchaser the Buyer, the Agent or Custodian contained in the Program Repurchase Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets Items shall be disposed of in the event of any disposition pursuant hereto.

Appears in 8 contracts

Samples: Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.), Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.), Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Each Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets Items as a result of restrictions upon Purchaser Buyer or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets Items shall be disposed of in the event of any disposition pursuant hereto.

Appears in 6 contracts

Samples: Master Repurchase Agreement (UWM Holdings Corp), Master Repurchase Agreement (Ready Capital Corp), Master Repurchase Agreement (Sutherland Asset Management Corp)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. The related Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser or Custodian Buyer contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 5 contracts

Samples: Master Repurchase Agreement (Novastar Financial Inc), Repurchase Agreement (Novastar Financial Inc), Master Repurchase Agreement (Novastar Financial Inc)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller Sellers hereby expressly waiveswaive, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser Buyer or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 4 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (MortgageIT Holdings, Inc.)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller Sellers hereby expressly waiveswaive, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets Items as a result of restrictions upon Purchaser Buyer or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets Items shall be disposed of in the event of any disposition pursuant hereto.

Appears in 4 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (New York Mortgage Trust Inc)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser Purchasers or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Caliber Home Loans, Inc.), Master Repurchase Agreement (Nationstar Mortgage Holdings Inc.), Master Repurchase Agreement (Nationstar Mortgage Holdings Inc.)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller Sellers hereby expressly waiveswaive, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets Loans as a result of restrictions upon Purchaser Buyer or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets Loans shall be disposed of in the event of any disposition pursuant hereto.

Appears in 3 contracts

Samples: Master Repurchase Agreement (ECC Capital CORP), Master Repurchase Agreement (ECC Capital CORP), Master Repurchase Agreement (ECC Capital CORP)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets Loans as a result of restrictions upon Purchaser Buyer or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets Loans shall be disposed of in the event of any disposition pursuant hereto.

Appears in 3 contracts

Samples: Master Repurchase Agreement, Master Repurchase Agreement (Taberna Realty Finance Trust), Master Repurchase Agreement (New Century Financial Corp)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser Agent or Custodian contained in the Program Transaction Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant heretohereto or pursuant to the terms of any other Transaction Document.

Appears in 2 contracts

Samples: Master Repurchase Agreement (PHH Corp), Master Repurchase Agreement (PHH Corp)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets Loans as a result of restrictions upon Purchaser Buyers or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets Loans shall be disposed of in the event of any disposition pursuant hereto.

Appears in 2 contracts

Samples: Master Repurchase Agreement (New York Mortgage Trust Inc), Master Repurchase Agreement (ECC Capital CORP)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. The Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser or Custodian the Buyer contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 2 contracts

Samples: Master Repurchase Agreement (American Business Financial Services Inc /De/), Master Repurchase Agreement (American Business Financial Services Inc /De/)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Each Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser Buyer or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 2 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (Novastar Financial Inc)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller The Sellers hereby expressly waiveswaive, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser the Buyer or the Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 2 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. The Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets Items as a result of restrictions upon Purchaser the Buyer or Custodian contained in the Program Repurchase Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets Items shall be disposed of in the event of any disposition pursuant hereto.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Pennymac Financial Services, Inc.), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. The related Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser or Custodian any Buyer contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser any Purchaser, Agent or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (DITECH HOLDING Corp)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser Buyer or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (Chimera Investment Corp)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets Items as a result of restrictions upon Purchaser Buyer or Custodian contained in the Program Documents or any other 72 instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets Items shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (PHH Corp)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Each Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser Buyers, the Administrative Agent or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (New Century Financial Corp)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. The Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser or Custodian Buyer contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

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WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller The Sellers hereby expressly waiveswaive, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets Securities as a result of restrictions upon Purchaser or Custodian the Buyers contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets Securities shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Each Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser or Custodian Buyer contained in the this Agreement or any other Program Documents Document or any other instrument delivered in connection herewith or therewith, and any right that they it may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets Securities as a result of restrictions upon Purchaser Nikko or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets Securities shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (Cfi Mortgage Inc)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets Securities as a result of restrictions upon Purchaser or Custodian Buyers contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets Securities shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (MortgageIT Holdings, Inc.)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Except as provided in Paragraph 23, Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets Securities as a result of restrictions upon Purchaser Buyer or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets Securities shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (Metropolitan Mortgage & Securities Co Inc)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller hereby expressly waiveswaive, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets Items as a result of restrictions upon Purchaser Buyer or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets Items shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller Sellers hereby expressly waiveswaive, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser Buyers or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Each Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets Items as a result of restrictions upon Purchaser Buyer or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets Loans shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (American Home Mortgage Investment Corp)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller hereby expressly waives, to the fullest extent permitted by lawbylaw, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser Buyer or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (Arbor Realty Trust Inc)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Each Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser the Buyer or the Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (New Century Financial Corp)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller and Originator hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser Buyer or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Repurchase Agreement (Spirit Finance Corp)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser the Agent, any Buyer or Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (Spirit Finance Corp)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. The Seller and Guarantor each hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets as a result of restrictions upon Purchaser or Custodian Buyer contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (ECC Capital CORP)

WAIVER OF REDEMPTION AND DEFICIENCY RIGHTS. Seller hereby expressly waives, to the fullest extent permitted by law, every statute of limitation on a deficiency judgment, any reduction in the proceeds of any Purchased Assets Items as a result of restrictions upon Purchaser Buyer or the Custodian contained in the Program Documents or any other instrument delivered in connection therewith, and any right that they it may have to direct the order in which any of the Purchased Assets Items shall be disposed of in the event of any disposition pursuant hereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (PHH Corp)

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