Examples of Day Delinquent Mortgage Loan in a sentence
Any such 90-Day Delinquent Mortgage Loan shall only be eligible for purchase pursuant to this Section during the period beginning on the first Business Day of the Calendar Quarter following the Calendar Quarter in which such Mortgage Loan became a 90- Day Delinquent Mortgage Loan, and ending at the close of business on the second-to-last Business Day of such following Calendar Quarter.
The Depositor, in its sole discretion, shall have the option, but shall not be obligated, to purchase any such 90+ Day Delinquent Mortgage Loan from the Trust Fund.
Pursuant to the Special Servicing Agreement, each such 60+ Day Delinquent Mortgage Loan (even if it subsequently becomes a Mortgage Loan that is not a 60+ Day Delinquent Mortgage Loan) shall be serviced by the Special Servicer in accordance with this Agreement, and the Special Servicer shall agree to be bound by each and every provision of this Agreement as such provisions relate to the "Servicer" to the same extent as if the Special Servicer were a party hereto.
Upon any Mortgage Loan becoming a 60+ Day Delinquent Mortgage Loan, the Majority Class X Certificateholder shall have the option to cause the servicing with respect to such Mortgage Loan to be transferred to a Special Servicer who meets the qualifications set forth in the definition thereof as certified to the Trustee.
Pursuant to the Special Servicing Agreement, each such 90+ Day Delinquent Mortgage Loan (even if it subsequently becomes a Mortgage Loan that is not a 90+ Day Delinquent Mortgage Loan) shall be serviced by the Special Servicer in accordance with this Agreement, and the Special Servicer shall agree to be bound by each and every provision of this Agreement as such provisions relate to the "Servicer" to the same extent as if the Special Servicer were a party hereto.