of the Purchase Agreement Sample Clauses

of the Purchase Agreement. Section 2.5 of the Purchase Agreement is hereby amended and restated in its entirety to read as follows:
AutoNDA by SimpleDocs
of the Purchase Agreement. Section 3.2.2 of the Purchase Agreement is hereby amended by deleting such subsection in its entirety and inserting in lieu thereof the following:
of the Purchase Agreement. Section 1.4 of the Purchase Agreement is hereby deleted in its entirety and replaced with the following:
of the Purchase Agreement. Section 10.1 of the Purchase Agreement shall be amended and restated in its entirety as follows:
of the Purchase Agreement. The foregoing repurchase obligation shall not apply in the event that the Seller cannot deliver an original document submitted for recordation to the appropriate public recording office within the specified period due to a delay caused by the recording office in the applicable jurisdiction; provided that the Seller shall instead deliver a recording receipt of such recording office or, if such recording receipt is not available, an officer's certificate of a servicing officer of the Seller, confirming that such documents have been accepted for recording; provided that, upon request of the Purchaser and delivery by the Purchaser to the Seller of a schedule of the Mortgage Loans, the Seller shall reissue and deliver to the Purchaser or its designee said officer's certificate. From time to time, the Seller shall forward to the Custodian additional original documents, additional documents evidencing an assumption, modification, consolidation or extension of a Mortgage Loan approved by the Seller, in accordance with the terms of the related Purchase Agreement. All such mortgage documents held by the Custodian as to each Mortgage Loan shall constitute the "Custodial File". At the request of the Purchaser, the Seller shall submit for recording at the sole expense of the Seller, in the appropriate public office for real property records, each assignment referred to in Sections 2(e) and (f) above; provided, however, that the assignments referred to in Section 2(e) shall not be recorded for Mortgages for which the Mortgaged Property is located in California (unless required by the Purchaser). In the event that any such assignment is lost or returned unrecorded because of a defect therein, the Seller shall promptly prepare a substitute assignment to cure such defect and thereafter cause each such assignment to be duly recorded. On or prior to the Closing Date the Seller shall deliver to the Custodian a copy of the Mortgage Loan Schedule in an electronic, machine readable medium on a form mutually acceptable to the Seller and the Custodian. Notwithstanding anything to the contrary contained in this Section 2, in those instances where the public recording office retains or loses the original Mortgage or assignment after it has been recorded, the obligations of the Seller shall be deemed to have been satisfied upon delivery by the Seller to the Purchaser or its designee prior to the Closing Date of a copy of such Mortgage or assignment, as the case may be, certified (suc...
of the Purchase Agreement. The Trustee shall give prompt written notice to the Certificate Insurer and the Rating Agencies of any repurchase or substitution made pursuant to this Section 3.03 or Section 2.04(b).
AutoNDA by SimpleDocs
of the Purchase Agreement. Section 8.3 of the Purchase Agreement is hereby deleted in its entirety and replaced with the following:
of the Purchase Agreement. Section 11.2(a) of the Purchase Agreement is hereby amended by:
of the Purchase Agreement. Section 5.3 (Governmental Approvals) of the Purchase Agreement is hereby deleted and replaced with “[Intentionally Deleted]”.
Time is Money Join Law Insider Premium to draft better contracts faster.