Credit Default. The Borrower shall furnish the Lender notice upon, and in any event within five (5) Business Days after, any involuntary termination or acceleration of any repurchase agreement, loan and security agreement or similar credit facility or agreement for borrowed funds entered into by Borrower and any third party.
Appears in 3 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.)
Credit Default. The Borrower shall furnish the Lender notice upon, and in any event within five (5) [***] Business Days after, any involuntary termination or acceleration of any repurchase agreement, loan and security agreement or similar credit facility or agreement for borrowed funds entered into by Borrower and any third party.
Appears in 2 contracts
Samples: Loan and Security Agreement (UWM Holdings Corp), Loan and Security Agreement (UWM Holdings Corp)
Credit Default. The Borrower shall furnish the Lender written notice upon, and in any event within five (5) Business Days after, any involuntary termination or after the acceleration of any repurchase agreement, loan and security agreement or similar credit facility or agreement for borrowed funds entered into by Borrower and any third partyMaterial Debt Facility due to a default of the Borrower.
Appears in 1 contract
Samples: Loan and Security Agreement (Rocket Companies, Inc.)
