COLLECTIONS; INCOME PAYMENTS. (a) On each Business Day that a Transaction is outstanding, the Pricing Rate shall be reset and, unless otherwise agreed, the accrued and unpaid Price Differential shall be settled in cash on each related Repurchase Date. To the extent a Purchased Asset is subject to a Transaction for a period in excess of forty-five (45) calendar days, at Buyer’s sole option, Price Differential shall be settled in cash on such date and thereafter as more frequently requested by Buyer.
Appears in 4 contracts
Samples: Master Repurchase Agreement (UWM Holdings Corp), Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.)
COLLECTIONS; INCOME PAYMENTS. (a) On each Business Day that a Transaction is outstanding, the Pricing Rate shall be reset and, unless otherwise agreed, the accrued and unpaid Price Differential shall be settled in cash on each related Repurchase Date. To the extent a Purchased Asset Mortgage Loan is subject to a Transaction for a period in excess of forty-five sixty (4560) calendar days, at Buyer’s sole option, Price Differential shall be settled in cash on such date and thereafter as more frequently requested by Buyerdate.
Appears in 1 contract
Samples: Master Repurchase Agreement (Rocket Companies, Inc.)
COLLECTIONS; INCOME PAYMENTS. (a) On i)On each Business Day that a Transaction is outstanding, the Pricing Rate shall be reset and, unless otherwise agreed, the accrued and unpaid Price Differential shall be settled in cash on each related Repurchase Date. To the extent a Purchased Asset Mortgage Loan is subject to a Transaction for a period in excess of forty-five sixty (4560) calendar days, at Buyer’s sole option, Price Differential shall be settled in cash on such date and thereafter as more frequently requested by Buyerdate.
Appears in 1 contract
Samples: Master Repurchase Agreement (Rocket Companies, Inc.)
COLLECTIONS; INCOME PAYMENTS. (a) On each Business Day that a Transaction is outstanding, the Pricing Rate shall be reset and, unless otherwise agreed, the accrued and unpaid Price Differential shall be settled in cash on each related Repurchase Date. To the extent a Purchased Asset is subject to a Transaction for a period in excess of forty-five (45) calendar days[***], at Buyer’s sole option, Price Differential shall be settled in cash on such date and thereafter as more frequently requested by Buyer.
Appears in 1 contract
Samples: Master Repurchase Agreement (Home Point Capital Inc.)