REO Subsidiary. The REO Asset represents 100% of the beneficial ownership of REO Subsidiary, and REO Subsidiary continues to hold legal title to all REO Property subject to a Transaction. The representations and warranties set forth in this Agreement shall survive transfer of the Purchased Assets to Purchasers and shall continue for so long as the Purchased Assets are subject to this Agreement.
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Sources: Master Repurchase Agreement (Nationstar Mortgage Holdings Inc.)
REO Subsidiary. The REO Asset Membership Interest represents 100% of the beneficial ownership of the REO Subsidiary, and the Seller or the REO Subsidiary Subsidiary, as applicable, continues to hold legal title to all REO Property related to foreclosures of Mortgage Loans that are subject to a Transaction. The representations and warranties set forth in this Agreement shall survive transfer of the Purchased Assets to Agent for the benefit of Purchasers and shall continue for so long as the Purchased Assets are subject to this Agreement.
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