Eligible Repurchase Month definition

Eligible Repurchase Month. As defined in Section 3.11 hereof.
View Source
Eligible Repurchase Month. As defined in Section 3.11. ERISA: The Employee Retirement Income Security Act of 1974, as amended.
View Source

Examples of Eligible Repurchase Month in a sentence

  • Any delinquent Mortgage Loan that becomes current but thereafter becomes delinquent may be purchased by the Master Servicer pursuant to this Section in any ensuing Eligible Repurchase Month.

  • The Master Servicer may only exercise this right on or before the next to the last day of the calendar month (the "Eligible Repurchase Month") in which the Mortgage Loan became 151 days delinquent.

  • If the Master Servicer fails to purchase a delinquent Mortgage Loan that it was permitted to purchase pursuant to the preceding paragraph, the NIM Insurer may, at its option, purchase the Mortgage Loan at any time during the calendar month following the Eligible Repurchase Month.

  • The Master Servicer may only exercise this right on or before the next to the last day of the calendar month (the "Eligible Repurchase Month") in which the Mortgage Loan became 90 days delinquent.