Common use of Repurchase and Substitution Clause in Contracts

Repurchase and Substitution. If there is no Controlling Holder under the Pooling and Servicing Agreement, then all rights that are to be exercised by the Controlling Holder pursuant to Section 10(a) shall be exercised by Assignee.

Appears in 108 contracts

Sources: Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-8), Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-7), Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-6)

Repurchase and Substitution. If there is no Controlling Holder under the Pooling and Servicing Agreement, then all rights that are to be exercised by the Controlling Holder pursuant to Section 10(a) (and obligations under Section 7.03 in connection with the exercise of such rights) shall be exercised by Assignee.

Appears in 16 contracts

Sources: Assignment of Representations and Warranties Agreement (Sequoia Mortgage Trust 2012-3), Assignment of Representations and Warranties Agreement (Sequoia Mortgage Trust 2012-3), Assignment of Representations and Warranties Agreement (Sequoia Mortgage Trust 2012-2)

Repurchase and Substitution. If there is no Controlling Holder under the Pooling and Servicing Agreement, then all rights that are to be exercised by the Controlling Holder pursuant to Section 10(a) shall be exercised by Assignee.. Amendments to Purchase Agreement

Appears in 1 contract

Sources: Assignment of Representations and Warranties Agreement