Examples of Eligible Substitute Contract in a sentence
Upon such deposit of the Repurchase Price or receipt of such Eligible Substitute Contract and related deposit of any additional amount under Section 3.05(b)(vii), the Servicer shall be deemed to have released any claims to such Contract as a result of Advances with respect to such Contract.
Upon assignment to the Depositor of any Eligible Substitute Contract under the Asset Purchase Agreement, the Depositor shall, and hereby does, assign the same to the Issuer.
Notwithstanding the foregoing, the Company shall repurchase any Land-and-Home Contract, at such Contract's Repurchase Price, or substitute for it an Eligible Substitute Contract as described in Section 3.05(b), if the Company has failed to deliver the related Land-and-Home Contract File to the Trustee within 30 days of the Closing Date.
Upon such deposit of the Repurchase Price or delivery of such Eligible Substitute Contract, the Servicer shall be deemed to have released any claims to such Contract as a result of Advances with respect to such Contract.
Upon such deposit of the Repurchase Price or receipt of such Eligible Substitute Contract and related deposit of any additional amount under Section 3.05(b)(vi), the Servicer shall be deemed to have released any claims to such Contract as a result of Advances with respect to such Contract.