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Common use of PURCHASE OR SUBSTITUTION OF CERTAIN ASSETS Clause in Contracts

PURCHASE OR SUBSTITUTION OF CERTAIN ASSETS. (a) Breaches of Representations and Warranties and Incomplete or Defective Asset Files.

Appears in 17 contracts

Sources: Pooling and Servicing Agreement (Residential Resources Inc), Pooling and Servicing Agreement (Bombardier Capital Mortgage Securitization Corp), Pooling and Servicing Agreement (Bombardier Capital Mortgage Securitization Corp)

Related Clauses

  • Termination of Certain Rights
  • Notification of Certain Matters
  • Cancellation of Certain Shares
  • Notification of Certain Events
  • Construction of Certain Phrases

Parent Clauses

  • THE ASSETS
  • TERMINATION UPON REPURCHASE OR LIQUIDATION OF ALL CONTRACTS
  • LIABILITY OF OMI AND THE SERVICER
  • TERMINATION UPON REPURCHASE OR LIQUIDATION OF ALL ASSETS
  • POOLING REMIC INTERESTS

Sub-Clauses

  • Manner of Repurchase
  • Manner of Substitution
  • Seller Breach
  • Qualification Defect
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