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Common use of No Failure to Cure Default Clause in Contracts

No Failure to Cure Default. As of the Original Purchase Date and, to the best of the Responsible Party's knowledge, as of the Closing Date, the Responsible Party has not received a written notice of default of any senior mortgage loan related to the Mortgaged Property which has not been cured;

Appears in 3 contracts

Sources: Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2004-Op1), Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2005-Op2), Pooling and Servicing Agreement (Sabr Trust 2005-Op1)

Related Clauses

  • Failure to Cure
  • Default Breach Remedies
  • Right to Cure Defaults
  • Default; Breach
  • Landlord’s Right to Cure Defaults

Parent Clauses

  • Representations and Warranties Regarding Individual Mortgage Loans
  • Credit Reporting; Gramm-Leach-Bliley Act
  • Representations Warranties and Covenants of the Seller Remedies for Breach
  • No Arbitration
  • Regulation AB Compliance; Intent of the Parties; Reasonableness

Sub-Clauses

  • Assumability
  • Original Terms Unmodified
  • Predatory Lending Regulations
  • Transfer of Data
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