Request for Repurchase. In the event of an occurrence of a Repurchase Obligation, upon the request of Angel Oak, Seller hereby agrees to repurchase the related Loan (or, if the related Loan has been foreclosed, to repurchase the related property) within ten (10) days after ▇▇▇▇▇ ▇▇▇’s written request therefore for an amount equal to the Repurchase Price (as defined below). For the purpose hereof, the term “foreclosure” shall include judicial foreclosure, non-judicial foreclosure, deed in lieu of foreclosure, or any other mechanism of obtaining title to the property.
Appears in 1 contract
Sources: Loan Purchase and Sale Agreement
Request for Repurchase. In the event of an occurrence of a any Repurchase Obligation, upon the request of Angel Oak, Seller Broker hereby agrees to repurchase the related Loan (or, if the related Loan has been foreclosed, to repurchase the related property) within ten (10) days after ▇▇▇▇▇ ▇▇▇Angel Oak’s written request therefore for an amount equal to the Repurchase Price (as defined below). For the purpose hereof, the term “foreclosure” shall include judicial foreclosure, non-judicial foreclosure, deed in lieu of foreclosure, short sale or any other mechanism of obtaining title to the property.
Appears in 1 contract
Sources: Broker Wholesale Agreement