Common use of Agency Collateral Account Clause in Contracts

Agency Collateral Account. Within five (5) Business Days after the end of each month (beginning April 2023), the Borrower shall deliver a notice to the Lender setting forth the amount on deposit in each Agency Collateral Account, provided that if any such date is not a Business Day, such notice shall be delivered to the Lender on the next succeeding Business Day. To the extent not prohibited by an Agency, the Borrower shall promptly (and in any event within three (3) Business Days thereof) notify the Lender (and provide a copy of any written request) of any request it receives from such Agency indicating either (i) that the Borrower must deposit additional amounts in the Agency Collateral Account or (ii) that the Borrower is entitled to withdraw amounts from the Agency Collateral Account and such notice shall include the amount required to be deposited or withdrawn, as applicable.

Appears in 5 contracts

Samples: Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.)

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Agency Collateral Account. Within To the extent applicable, within five (5) Business Days after the end of each month (beginning April 2023January 2016), the each Borrower shall deliver a notice to the Lender setting forth the amount on deposit in each Agency Collateral Account, provided that if any such date is not a Business Day, such notice shall be delivered to the Lender on the next succeeding Business Day. To the extent not prohibited by an Agency, the each Borrower shall promptly (and in any event within three five (35) Business Days thereof) notify the Lender (and provide a copy of any written request) of any request it receives from such Agency indicating either (i) that the such Borrower must deposit additional amounts in the Agency Collateral Account or (ii) that the such Borrower is entitled to withdraw amounts from the Agency Collateral Account and such notice shall include the amount required to be deposited or entitled to be withdrawn, as applicable.

Appears in 1 contract

Samples: Loan and Security Agreement (PennyMac Mortgage Investment Trust)

Agency Collateral Account. Within To the extent applicable, within five (5) Business Days after the end of each month (beginning April 2023March 2017), the each Borrower shall deliver a notice to the Lender setting forth the amount on deposit in each Agency Collateral Account, provided that if any such date is not a Business Day, such notice shall be delivered to the Lender on the next succeeding Business Day. To the extent not prohibited by an Agency, the each Borrower shall promptly (and in any event within three five (35) Business Days thereof) notify the Lender (and provide a copy of any written request) of any request it receives from such Agency indicating either (i) that the such Borrower must deposit additional amounts in the Agency Collateral Account or (ii) that the such Borrower is entitled to withdraw amounts from the Agency Collateral Account and such notice shall include the amount required to be deposited or entitled to be withdrawn, as applicable.

Appears in 1 contract

Samples: Loan and Security Agreement (PennyMac Mortgage Investment Trust)

Agency Collateral Account. Within To the extent applicable, within five (5) Business Days after the end of each month (beginning April 2023September 2015), the Borrower shall deliver a notice to the Lender setting forth the amount on deposit in each the Agency Collateral Account, provided that if any such date is not a Business Day, such notice shall be delivered to the Lender on the next succeeding Business Day. To the extent not prohibited by an Agency, the Borrower shall promptly (and in any event within three five (35) Business Days thereof) notify the Lender (and provide a copy of any written request) of any request it receives from such Agency indicating either (i) that the Borrower must deposit additional amounts in the Agency Collateral Account or (ii) that the Borrower is entitled to withdraw amounts from the Agency Collateral Account and such notice shall include the amount required to be deposited or entitled to be withdrawn, as applicable.

Appears in 1 contract

Samples: Loan and Security Agreement (PennyMac Mortgage Investment Trust)

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Agency Collateral Account. Within To the extent applicable, within five (5) Business Days after the end of each month (beginning April 2023December 2015), the Borrower shall deliver a notice to the Lender setting forth the amount on deposit in each the applicable Agency Collateral Account, provided that if any such date is not a Business Day, such notice shall be delivered to the Lender on the next succeeding Business Day. To the extent not prohibited by an Agency, the Borrower shall promptly (and in any event within three five (35) Business Days thereof) notify the Lender (and provide a copy of any written request) of any request it receives from such Agency indicating either (i) that the Borrower must deposit additional amounts in the applicable Agency Collateral Account or (ii) that the Borrower is entitled to withdraw amounts from the applicable Agency Collateral Account and such notice shall include the amount required to be deposited or entitled to be withdrawn, as applicable.

Appears in 1 contract

Samples: Loan and Security Agreement (Pennymac Financial Services, Inc.)

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