Error Rate. Seller shall at all times maintain an Error Rate of less than the Maximum Error Rate. If the Error Rate equals or exceeds the Maximum Error Rate at any time, Purchaser shall have the option, exercisable in its sole discretion, to reduce the Purchase Price for future transactions hereunder
Appears in 2 contracts
Sources: Mortgage Loan Participation Purchase and Sale Agreement, Mortgage Loan Participation Purchase and Sale Agreement (Walter Investment Management Corp)
Error Rate. Seller shall at all times maintain an Error Rate of less than the Maximum Error Rate. If the Error Rate equals or exceeds the Maximum Error Rate at any time, Purchaser shall have the option, exercisable in its sole discretion, to reduce the Purchase Price for future transactions hereunder.
Appears in 1 contract
Sources: Master Repurchase Agreement (Walter Investment Management Corp)