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Common use of Recourse Status Clause in Contracts

Recourse Status. All of the Mortgage Loans shall be without Recourse to Purchaser as the transferee of the Mortgage Servicing Rights.

Appears in 6 contracts

Sources: Mortgage Servicing Rights Purchase and Sale Agreement, Mortgage Servicing Rights Purchase and Sale Agreement (HomeStreet, Inc.), Mortgage Servicing Rights Purchase and Sale Agreement

Related Clauses

  • CONTRIBUTOR’S STATUS
  • Continue to Perform After Resignation or Removal
  • Non-Foreign Status
  • Contractor’s Status
  • LIMITATION OF CONTRACTOR’S LIABILITY

Parent Clauses

  • REPRESENTATIONS AND WARRANTIES AS TO PURCHASED ASSETS
  • REPRESENTATIONS AND WARRANTIES AS TO MORTGAGE LOANS
  • Servicer Standing
  • Representations and Warranties as To
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