Common use of Repurchase Date Clause in Contracts

Repurchase Date. The Sellers shall provide the Buyer and the Custodian with Written Instructions at least one Business Day(s) prior to each Repurchase Date on which the Sellers intend to remove Purchased Mortgage Loans from the repurchase facility governed by the Repurchase Agreement, which Written Instructions shall include a schedule of Purchased Mortgage Loans to be removed on such date (unless all Purchased Mortgage Loans are to be removed, in which case the Written Instructions shall indicate this fact). The Buyer shall send a Repurchase Release in the form of Exhibit 8 hereto (a "Repurchase Release") to the Sellers and the Custodian by 3:00 p.m. (New York time) on the Business Day prior to each Repurchase Date listing the Purchased Mortgage Loans to be released on such Repurchase Date. On the Repurchase Date for each Transaction the Buyer hereby irrevocably instructs the Custodian to release to the Sellers or their designee the Purchased Mortgage Loans designated in such Repurchase Release upon receipt of notification by the Custodian from the Buyer that it has received the Repurchase Price. The Buyer shall notify the Custodian immediately upon confirmation that the Sellers have transmitted the Repurchase Price.

Repurchase Date. The Sellers Seller shall provide the Buyer and the Custodian with Written Instructions at least one Business Day(s) prior to 10:00 a.m. (New York City time) on each Repurchase Date on which the Sellers intend Seller intends to remove Purchased Mortgage Loans from the repurchase facility governed by the Repurchase Agreement, which Written Instructions shall include a schedule of Purchased Mortgage Loans to be removed on such date (unless all Purchased Mortgage Loans are to be removed, in which case the Written Instructions shall indicate this fact). The Buyer shall send a Repurchase Release in the form of Exhibit 8 hereto (a "“Repurchase Release"”) to the Sellers Seller and the Custodian by 3:00 p.m. 10:00 a.m. (New York City time) on the Business Day prior to each Repurchase Date listing the Purchased Mortgage Loans to be released on such Repurchase Date. On the Repurchase Date for each Transaction Transaction, unless the Custodian receives on the Business Day prior to such Repurchase Date a Notice of Default from the Buyer or Written Instructions from both the Buyer and the Seller that the Repurchase Date has been extended, the Buyer hereby irrevocably instructs the Custodian to release to the Sellers Seller or their its designee the Purchased Mortgage Loans designated in such Repurchase Release upon receipt of notification by the Custodian from the Buyer that it has received the Repurchase Price. The Buyer shall notify the Custodian immediately upon confirmation that the Sellers have Seller has transmitted the Repurchase Price.

Repurchase Date. The Sellers Seller shall provide the notify Buyer and the Custodian with Written Instructions at least one Business Day(s) day prior to each Repurchase Date on which the Sellers intend to remove Purchased Mortgage Loans from the repurchase facility governed by the Repurchase Agreement, which Written Instructions shall include a schedule of Purchased Mortgage Loans to be removed on such date (unless all Purchased Mortgage Loans are to be removed, in which case the Written Instructions shall indicate this fact)Date. The Buyer shall send a Repurchase Release in the form of Exhibit 8 hereto (a "Repurchase Release") 9 to the Sellers and the Custodian by 3:00 p.m. 12:00 noon (New York time) on the Business Day prior to each Repurchase Date listing the Purchased Mortgage Loans to be released on such Repurchase Datethereon. On the Repurchase Date for each Transaction Transaction, unless the Custodian receives on the Business Day prior to such Repurchase Date a Notice of Default or Written Instructions from both the Buyer and the Seller that the Repurchase Date has been extended, and provided that Buyer has notified Custodian by telephone that it or the Registered Holder has received the Repurchase Price specified in the Repurchase Release for the related Transaction, the Buyer and the Registered Holder hereby irrevocably instructs instruct the Custodian to release to the Sellers Seller or their its designee the Purchased Mortgage Loans designated in with respect to such Repurchase Release upon receipt of notification by Transaction. Upon surrender to the Custodian from of the Buyer that it has received the Repurchase Price. The Buyer shall notify related Trust Receipt in connection therewith the Custodian immediately upon confirmation shall issue a new Trust Receipt and Mortgage Loan Schedule indicating any Mortgage Loans relating to the surrendered Trust Receipt that the Sellers have transmitted the Repurchase Pricewere not repurchased by Seller.

Repurchase Date. The Sellers Each Seller shall provide the Buyer and the Custodian with Written Instructions at least one Business Day(s) prior to 10:00 a.m. (New York City time) on each Repurchase Date on which the Sellers intend such Seller intends to remove Purchased Mortgage Loans from the repurchase facility governed by the Repurchase Agreement, which Written Instructions shall include a schedule of Purchased Mortgage Loans to be removed on such date (unless all Purchased Mortgage Loans are to be removed, in which case the Written Instructions shall indicate this fact). The Buyer shall send a Repurchase Release in the form of Exhibit 8 hereto (a "“Repurchase Release"”) to the Sellers each Seller and the Custodian by 3:00 p.m. 10:00 a.m. (New York City time) on the Business Day prior to each Repurchase Date listing the Purchased Mortgage Loans to be released on such Repurchase Date. On the Repurchase Date for each Transaction Transaction, unless the Custodian receives on the Business Day prior to such Repurchase Date a Notice of Default from the Buyer or Written Instructions from both the Buyer and each Seller that the Repurchase Date has been extended, the Buyer hereby irrevocably instructs the Custodian to release to the Sellers each Seller or their its designee the Purchased Mortgage Loans designated in such Repurchase Release upon receipt of notification by the Custodian from the Buyer that it has received the Repurchase Price. The Buyer shall notify the Custodian immediately upon confirmation that the Sellers have each Seller has transmitted the Repurchase Price.

Repurchase Date. The Sellers Each Seller shall provide the Buyer and the Custodian with Written Instructions at least one Business Day(s) prior to 10:00 a.m. (New York City time) on each Repurchase Date on which the Sellers intend such Seller intends to remove Purchased Mortgage Loans from the repurchase facility governed by the Repurchase Agreement, which Written Instructions shall include a schedule of Purchased Mortgage Loans to be removed on such date (unless all Purchased Mortgage Loans are to be removed, in which case the Written Instructions shall indicate this fact). The Buyer shall send a Repurchase Release in the form of Exhibit 8 hereto (a "Repurchase Release") to the Sellers each Seller and the Custodian by 3:00 p.m. 10:00 a.m. (New York City time) on the Business Day prior to each Repurchase Date listing the Purchased Mortgage Loans to be released on such Repurchase Date. On the Repurchase Date for each Transaction Transaction, unless the Custodian receives on the Business Day prior to such Repurchase Date a Notice of Default from the Buyer or Written Instructions from both the Buyer and each Seller that the Repurchase Date has been extended, the Buyer hereby irrevocably instructs the Custodian to release to the Sellers each Seller or their its designee the Purchased Mortgage Loans designated in such Repurchase Release upon receipt of notification by the Custodian from the Buyer that it has received the Repurchase Price. The Buyer shall notify the Custodian immediately upon confirmation that the Sellers have transmitted the Repurchase Price.the