Remedies and Breach. Contracts for more than the small purchase threshold currently set by the County at $50,000 must address administrative, contractual, or legal remedies in instances where contractors violate or breach contract terms, and provide for such sanctions and penalties as appropriate.
Remedies and Breach. Section 3.01 Company Representations and Warranties. 15 Section 3.02 Representations and Warranties Regarding Individual Mortgage Loans. 17 Section 3.03 Remedies for Breach of Representations and Warranties. 27 Section 3.04 Indemnification. 29
Remedies and Breach. Contracts for more than the simplified acquisition threshold currently set at $150,000, which is the inflation adjusted amount determined by the Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council (Councils) as authorized by 41 U.S.C. 1908, must address administrative, contractual, or legal remedies in instances where contractors violate or breach contract terms, and provide for such sanctions and penalties as appropriate.
Remedies and Breach. Section 3.01
Remedies and Breach. Section 3.01 Company Representations and Warranties 20 Section 3.02 Representations and Warranties Regarding Individual Mortgage Loans 24 Section 3.03 Remedies for Breach of Representations and Warranties 38 Section 3.04 Review of Mortgage Loans 41 Section 3.05 Repurchase of Mortgage Loans that Prepay in Full; Certain Defaults; Missing Documents 41 ARTICLE IV ADMINISTRATION AND SERVICING OF MORTGAGE LOANS Section 4.01 Company to Act as Servicer 42 Section 4.02 Liquidation of Mortgage Loans 44 Section 4.03 Collection of Mortgage Loan Payments 45 Section 4.04 Establishment of and Deposits to Custodial Account 46 Section 4.05 Permitted Withdrawals From Custodial Account 47 Section 4.06 Establishment of and Deposits to Escrow Account 48 Section 4.07 Permitted Withdrawals From Escrow Account 49 Section 4.08 Payment of Taxes, Insurance and Other Charges 50 Section 4.09 Protection of Accounts 50 Section 4.10 Maintenance of Hazard Insurance 51 Section 4.11 Maintenance of Mortgage Impairment Insurance 52 Section 4.12 Maintenance of Fidelity Bond and Errors and Omissions Insurance 53 Section 4.13 Inspections 53 Section 4.14 Restoration of Mortgaged Property 53 Section 4.15 Maintenance of PMI and LPMI Policy; Claims 54 Section 4.16 Title, Management and Disposition of REO Property 56 Section 4.17 Real Estate Owned Reports 57 Section 4.18 Liquidation Reports 57 Section 4.19 Reports of Foreclosures and Abandonments of Mortgaged Property 57 Section 4.20 Notification of Adjustments 57 Section 4.21 Transfer of Servicing 58 Section 4.22 Fair Credit Reporting Act 60 ARTICLE V PAYMENTS TO PURCHASER Section 5.01 Remittances 61 Section 5.02 Statements to Purchaser 61 Section 5.03 Monthly Advances by Company 62 ARTICLE VI GENERAL SERVICING PROCEDURES
Remedies and Breach. Section 3.01 Company Representations and Warranties. 12 Section 3.02 [Intentionally Omitted] 15 Section 3.03 [Intentionally Omitted] 15 Section 3.04 Indemnification. 15
Remedies and Breach. Section 3.01 Company Representations and Warranties.
Remedies and Breach. It is agreed that, money damages for breach of this Agreement being difficult to determine, the Company shall be entitled to an injunction upon any such breach by Weston, to be issued by any competent court of equity, enjoining and restraining Weston and each and every person concerned therein, from any further or continued violation of this Agreement.
Remedies and Breach. 6.01 Representations, Warranties and Agreements of the Servicer 30 6.02 Remedies for Breach of Representations and Warranties of the Servicer 31 6.03 Representations and Warranties of the Owner 32 6.04 Remedies for Breach of Representations and Warranties of the Owner 33
Remedies and Breach. Section 4.01 Seller Representations and Warranties. 19 Section 4.02 Representations and Warranties Regarding Individual Mortgage Loans. 22 Section 4.03 Remedies for Breach of Representations and Warranties. 37 Section 4.04 Post Closing Due Diligence. 39 Section 4.05 Restrictions and Requirements Applicable in the Event that a Mortgage Loan is Acquired by a REMIC. 40 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS Section 5.01 Seller to Act as Servicer. 42 Section 5.02 Liquidation of Mortgage Loans. 43 Section 5.03 Collection of Mortgage Loan Payments. 44 Section 5.04 Establishment of and Deposits to Custodial Account. 44 Section 5.05 Permitted Withdrawals From Custodial Account. 46
