Examples of Aames Purchase Agreement in a sentence
Unless otherwise specified on the description of pool characteristics for the applicable Mortgage Loan Package delivered pursuant to the Aames Purchase Agreement, the Mortgage Loan is payable on the first day of each month.
Aames Agreements: Collectively, the Aames Purchase Agreement and the Aames Assignment Agreement, copies of which are attached hereto as Exhibit Y.
The Seller agrees to comply with the provisions of Section 9.03 of the Aames Purchase Agreement in respect of a breach of any of such representations and warranties.
Unless otherwise directed by the Depositor within five (5) Business Days after notifying the Depositor of such failure by the Originator to correct or cure, the Trustee shall notify the Originator to repurchase the Mortgage Loan at the Repurchase Price pursuant to the terms of the Aames Purchase Agreement.
Upon discovery by any of the parties hereto of a breach of a representation or warranty made by the Originator under the Aames Purchase Agreement that materially and adversely affects the interests of the Certificateholders in any Mortgage Loan, the party discovering such breach shall give prompt written notice thereof to the other parties.
Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed thereto in the Aames Purchase Agreement.
A plan does not fail to satisfy this requirement merely because it does not contain the six month delay rule, if the employee who has a right to compensation deferred under the plan is not aspecified employee.
Aames Purchase Agreement: The Mortgage Loan Purchase and Warranties Agreement, dated as of June 23, 2003, as amended to date, by and between the Unaffiliated Seller and Aames.Accepted Servicing Practices: With respect to any Mortgage Loan, those mortgage servicing practices set forth in Section 3.01.
It is understood and agreed that the obligation under the Aames Purchase Agreement of the Originator to cure or repurchase any Mortgage Loan as to which a breach has occurred and is continuing shall constitute the sole remedy against the Originator respecting such breach available to Certificateholders, the Depositor or the Trustee on their behalf.
In the event any Mortgage Loan does not conform to the requirements as determined in the Trustee's review of the related Custodial File, the Trustee shall notify the Originator to correct or cure such defect as required under the Aames Purchase Agreement, and if the Originator fails or is unable to correct or cure the defect within the period set forth in the Aames Purchase Agreement, the Trustee shall notify the Depositor of such failure to correct or cure.