Common use of Default by Principal Clause in Contracts

Default by Principal. Subservicer may terminate this agreement upon the happening of any one or more of the following events: (a) any inaccuracy when made in any material respect of any representation or warranty of Principal contained in this Agreement and failure of Principal to cure the condition or event causing

Appears in 1 contract

Sources: Subservicing and Transition Services Agreement (Lomas Financial Corp)

Default by Principal. Subservicer may terminate this agreement upon the happening of any one or more of the following events: (a) any inaccuracy when made in any material respect of any representation or warranty of Principal contained in this Agreement and failure of Principal to cure the condition or event causingcausing any such representation or warranty to be inaccurate within thirty (30) days or such longer period as may

Appears in 1 contract

Sources: Subservicing and Transition Services Agreement (Lomas Financial Corp)