Examples of Deemed Material Breach Representation in a sentence
This representation and warranty is a Deemed Material Breach Representation.
Notwithstanding the previous paragraph, with the exception of the representation and warranty set forth in paragraph (52) of Section 3.03 or any Deemed Material Breach Representation, the applicable Seller may, at the Purchaser’s option and assuming that such Seller has a Qualified Substitute Mortgage Loan or Loans, rather than repurchase the Mortgage Loan as provided above, remove such Mortgage Loan (“Deleted Mortgage Loan”) and substitute in its place a Qualified Substitute Mortgage Loan or Loans.
Notwithstanding the above sentence, (i) within thirty (30) days of the earlier of either discovery by, or notice to, the Seller of any breach of the representation and warranty set forth in clause (aaa) of Subsection 9.02, the Seller shall repurchase such Mortgage Loan at the Repurchase Price, and (ii) any breach of a Deemed Material Breach Representation shall automatically be deemed to materially and adversely affect the value of the Mortgage Loan and the interest of the Purchaser therein.
Notwithstanding the above sentence, (i) within sixty (60) days of the earlier of either discovery by, or notice to, the Seller of any breach of the representation and warranty set forth in clause (rr) of Subsection 9.02, the Seller shall repurchase such Mortgage Loan at the Repurchase Price and (ii) any breach of a Deemed Material Breach Representation shall automatically be deemed to materially and adversely affect the value of the Mortgage Loan and the interest of the Purchaser therein.
This representation and warranty is a Deemed Material Breach Representation;.
Notwithstanding the above sentence, any breach of a Deemed Material Breach Representation shall automatically be deemed to materially and adversely affect the value of the Mortgage Loan and the interest of the Purchaser therein.
Therefore, within sixty (60) days of the earlier of either discovery by, or notice to the Seller of any Deemed Material Breach Representation, the Seller shall repurchase such Mortgage Loan at the Repurchase Price.
This representation and warranty is a Deemed Material Breach Representation; None of the Mortgage Loans provide for deferred interest or negative amortization.
Notwithstanding the foregoing, however, if such breach is a Deemed Material Breach Representation as defined in the Sale and Servicing Agreement, such cure or repurchase must take place within sixty (60) days of discovery of such Deemed Material Breach Representation.
This representation and warranty is a Deemed Material Breach Representation; (ww) Doing Business.