Common use of Early Repurchase Date Clause in Contracts

Early Repurchase Date. Mandatory Repurchases; Optional Repurchases; Partial Repurchases. 41 Section 3.05 Repurchase. 42 Section 3.06 Facility Termination Date Extension Options. 43 Section 3.07 Payment of Price Differential and Fees. 44 Section 3.08 Payment, Transfer and Custody. 44 Section 3.09 Repurchase Obligations Absolute. 45 Section 3.10 Future Funding Transactions. 46 Section 3.11 Additional Advances. 47 ARTICLE 4 MARGIN MAINTENANCE 47 Section 4.01 Margin Deficit. 47 ARTICLE 5 APPLICATION OF INCOME 49 Section 5.01 Waterfall Account; Servicer Account. 49 Section 5.02 Before an Event of Default. 49 Section 5.03 During an Event of Default. 50 Section 5.04 Seller to Remain Liable. 51 ARTICLE 6 CONDITIONS PRECEDENT 51 Section 6.01 Conditions Precedent to Initial Transaction. 51 Section 6.02 Conditions Precedent to All Transactions. 52 ARTICLE 7 REPRESENTATIONS AND WARRANTIES OF SELLER 55 Section 7.01 Seller. 55 Section 7.02 Repurchase Documents. 55 Section 7.03 Solvency. 56 Section 7.04 Taxes. 56 Section 7.05 Financial Condition. 57 Section 7.06 True and Complete Disclosure. 57 Section 7.07 Compliance with Laws. 57 Section 7.08 Compliance with ERISA. 58 Section 7.09 No Default or Material Adverse Effect. 58 Section 7.10 Purchased Assets. 59 Section 7.11 Purchased Assets Acquired from Transferors. 60 Section 7.12 Transfer and Security Interest. 60 Section 7.13 No Broker. 60 Section 7.14 Interest Rate Protection Agreements. 61 Section 7.15 Separateness. 61 Section 7.16 Investment Company Act. 61 Section 7.17 Location of Books and Records. 61 Section 7.18 Chief Executive Office; Jurisdiction of Organization. 61 Section 7.19 Anti-Money Laundering Laws and Anti-Corruption Laws. 61 Section 7.20 Sanctions. 61 Section 7.21 Beneficial Ownership Certification. 62 ARTICLE 8 COVENANTS OF SELLER 62 Section 8.01 Existence; Governing Documents; Conduct of Business. 62 Section 8.02 Compliance with Laws, Contractual Obligations and RepurchaseDocuments. 62 Section 8.03 Structural Changes. 62 Section 8.04 Protection of Buyer’s Interest in Purchased Assets. 63 Section 8.05 Actions of Seller Relating to Distributions, Indebtedness, Guarantee Obligations, Contractual Obligations, Investments and Liens. 64 Section 8.06 Maintenance of Property, Insurance and Records. 64 Section 8.07 Delivery of Income. 64 Section 8.08 Delivery of Financial Statements and Other Information. 65 Section 8.09 Delivery of Notices. 66 Section 8.10 Hedging. 67 Section 8.11 Escrow Imbalance. 69 Section 8.12 Pledge Agreement. 69 Section 8.13 Taxes. 69 Section 8.14 Management Internalization. 69 Section 8.15 Transaction with Affiliates. 69 Section 8.16 Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions. 70 Section 8.17 Compliance with Sanctions. 70 Section 8.18 Additional Sellers. 70 ARTICLE 9 SINGLE-PURPOSE ENTITY 71 Section 9.01 Covenants Applicable to Seller. 71 Section 9.02 Covenants Applicable to Pledgor. 73 Section 9.03 Additional Covenants Applicable to Seller and Pledgor. 75 ARTICLE 10 EVENTS OF DEFAULT AND REMEDIES 75 Section 10.01 Events of Default. 75 Section 10.02 Remedies of Buyer as Owner of the Purchased Assets. 78 ARTICLE 11 SECURITY INTEREST 80 Section 11.01 Grant. 80 Section 11.02 Effect of Grant. 80 Section 11.03 Seller to Remain Liable. 81 Section 11.04 Waiver of Certain Laws. 81 ARTICLE 12 INCREASED COSTS; CAPITAL ADEQUACY 81 Section 12.01 Market Disruption. 81 Section 12.02 Illegality. 81 Section 12.03 Breakfunding. 82 Section 12.04 Increased Costs. 82 Section 12.05 Capital Adequacy. 82 Section 12.06 Taxes. 83 Section 12.07 Payment and Survival of Obligations. 86 ARTICLE 13 INDEMNITY AND EXPENSES Section 13.01 Indemnity. 86 Section 13.02 Expenses. 88 ARTICLE 14 INTENT 88 Section 14.01 Safe Harbor Treatment. 88 Section 14.02 Liquidation. 89 Section 14.03 Qualified Financial Contract. 89 Section 14.04 Netting Contract. 89 Section 14.05 Master Netting Agreement. 89 iii ARTICLE 15 DISCLOSURE RELATING TO CERTAIN FEDERAL PROTECTIONS 89 ARTICLE 16 NO RELIANCE 90 ARTICLE 17 SECURITY INTEREST 91 Section 17.01 Servicing Rights. 91 Section 17.02 Reserved. 92 Section 17.03 Servicing Reports. 92 Section 17.04 Servicer Event of Default. 92 ARTICLE 18 MISCELLANEOUS 93 Section 18.01 Governing Law. 93 Section 18.02 Submission to Jurisdiction; Service of Process. 93 Section 18.03 Important Waivers. 93 Section 18.04 Integration; Severability. 95 Section 18.05 Single Agreement. 95 Section 18.06 Survival and Benefit of Seller’s Agreements. 95 Section 18.07 Assignments and Participations. 96 Section 18.08 Ownership and Hypothecation of Purchased Assets. 98 Section 18.09 Confidentiality. 98 Section 18.10 No Implied Waivers; Amendments. 99 Section 18.11 Notices and Other Communications. 99 Section 18.12 Counterparts; Electronic Transmission. 99

Early Repurchase Date. Mandatory Repurchases; Optional Repurchases; Partial Repurchases. 41 Repurchases 44 Section 3.05 Repurchase. 42 Repurchase 45 Section 3.06 Facility Termination Maturity Date and Revolving Period Extension Options. 43 Options 45 Section 3.07 Payment of Price Differential and Fees. 44 Fees 46 Section 3.08 Payment, Transfer and Custody. 44 Custody 47 Section 3.09 Repurchase Obligations Absolute. 45 Absolute 48 Section 3.10 Future Funding Transactions. 46 Section 3.11 Additional Advances. 47 Transactions 48 ARTICLE 4 MARGIN MAINTENANCE 47 50 Section 4.01 Margin Deficit. 47 Deficit 50 Section 4.02 Additional Provisions Regarding Margin Calls 51 ARTICLE 5 APPLICATION OF INCOME 49 52 Section 5.01 Waterfall Account; Servicer Account. 49 Account 52 Section 5.02 Before an Event of Default. 49 Default 52 Section 5.03 During After an Event of Default. 50 Default 53 Section 5.04 Seller to Remain Liable. 51 Liable 53 ARTICLE 6 CONDITIONS PRECEDENT 51 54 Section 6.01 Conditions Precedent to Initial Transaction. 51 Transaction 54 Section 6.02 Conditions Precedent to All Transactions. 52 Transactions 55 ARTICLE 7 REPRESENTATIONS AND WARRANTIES OF SELLER 55 57 1751106839.6 -1- 1751106839.6 -2- Section 7.01 Seller. 55 Seller 57 Section 7.02 Repurchase Documents. 55 Documents 58 Section 7.03 Solvency. 56 Solvency 58 Section 7.04 Taxes. 56 Taxes 58 Section 7.05 Financial Condition. 57 Condition 59 Section 7.06 True and Complete Disclosure. 57 Disclosure 59 Section 7.07 Compliance with Laws. 57 Laws 59 Section 7.08 Compliance with ERISA. 58 ERISA 60 Section 7.09 No Default or Material Adverse Effect. 58 Effect 60 Section 7.10 Purchased Assets. 59 Assets 61 Section 7.11 Purchased Assets Acquired from Transferors. 60 Transferors 62 Section 7.12 Transfer and Security Interest. 60 Interest 63 Section 7.13 No Broker. 60 Broker 63 Section 7.14 Interest Rate Protection Agreements. 61 Separateness 63 Section 7.15 Separateness. 61 Investment Company Act 63 Section 7.16 Investment Company Act. 61 Section 7.17 Location of Books and Records. 61 Records 63 Section 7.18 7.17 Chief Executive Office; Jurisdiction of Organization. 61 Organization 63 Section 7.19 7.18 Anti-Money Laundering Laws and Anti-Corruption Laws. 61 Laws 64 Section 7.19 Sanctions 64 Section 7.20 Sanctions. 61 Section 7.21 Beneficial Ownership Certification. 62 Certification 64 ARTICLE 8 COVENANTS OF SELLER 62 64 Section 8.01 Existence; Governing Documents; Conduct of Business. 62 Business 64 Section 8.02 Compliance with Laws, Contractual Obligations and RepurchaseDocuments. 62 Repurchase Documents 65 Section 8.03 Structural Changes. 62 Changes 65 Section 8.04 Protection of Buyer’s Interest in Purchased Assets. 63 Section 8.05 Actions of Seller Relating to Distributions, Indebtedness, Guarantee Obligations, Contractual Obligations, Investments and Liens. 64 Section 8.06 Maintenance of Property, Insurance and Records. 64 Section 8.07 Delivery of Income. 64 Section 8.08 Delivery of Financial Statements and Other Information. 65 Section 8.09 Delivery of Notices. 66 Section 8.10 Hedging. 67 Section 8.11 Escrow Imbalance. 69 Section 8.12 Pledge Agreement. 69 Section 8.13 Taxes. 69 Section 8.14 Management Internalization. 69 Section 8.15 Transaction with Affiliates. 69 Section 8.16 Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions. 70 Section 8.17 Compliance with Sanctions. 70 Section 8.18 Additional Sellers. 70 ARTICLE 9 SINGLE-PURPOSE ENTITY 71 Section 9.01 Covenants Applicable to Seller. 71 Section 9.02 Covenants Applicable to Pledgor. 73 Section 9.03 Additional Covenants Applicable to Seller and Pledgor. 75 ARTICLE 10 EVENTS OF DEFAULT AND REMEDIES 75 Section 10.01 Events of Default. 75 Section 10.02 Remedies of Buyer as Owner of the Purchased Assets. 78 ARTICLE 11 SECURITY INTEREST 80 Section 11.01 Grant. 80 Section 11.02 Effect of Grant. 80 Section 11.03 Seller to Remain Liable. 81 Section 11.04 Waiver of Certain Laws. 81 ARTICLE 12 INCREASED COSTS; CAPITAL ADEQUACY 81 Section 12.01 Market Disruption. 81 Section 12.02 Illegality. 81 Section 12.03 Breakfunding. 82 Section 12.04 Increased Costs. 82 Section 12.05 Capital Adequacy. 82 Section 12.06 Taxes. 83 Section 12.07 Payment and Survival of Obligations. 86 ARTICLE 13 INDEMNITY AND EXPENSES Section 13.01 Indemnity. 86 Section 13.02 Expenses. 88 ARTICLE 14 INTENT 88 Section 14.01 Safe Harbor Treatment. 88 Section 14.02 Liquidation. 89 Section 14.03 Qualified Financial Contract. 89 Section 14.04 Netting Contract. 89 Section 14.05 Master Netting Agreement. 89 iii ARTICLE 15 DISCLOSURE RELATING TO CERTAIN FEDERAL PROTECTIONS 89 ARTICLE 16 NO RELIANCE 90 ARTICLE 17 SECURITY INTEREST 91 Section 17.01 Servicing Rights. 91 Section 17.02 Reserved. 92 Section 17.03 Servicing Reports. 92 Section 17.04 Servicer Event of Default. 92 ARTICLE 18 MISCELLANEOUS 93 Section 18.01 Governing Law. 93 Section 18.02 Submission to Jurisdiction; Service of Process. 93 Section 18.03 Important Waivers. 93 Section 18.04 Integration; Severability. 95 Section 18.05 Single Agreement. 95 Section 18.06 Survival and Benefit of Seller’s Agreements. 95 Section 18.07 Assignments and Participations. 96 Section 18.08 Ownership and Hypothecation of Purchased Assets. 98 Section 18.09 Confidentiality. 98 Section 18.10 No Implied Waivers; Amendments. 99 Section 18.11 Notices and Other Communications. 99 Section 18.12 Counterparts; Electronic Transmission. 99Assets 65

Early Repurchase Date. Mandatory Repurchases; Optional Repurchases; Partial Repurchases. 41 Repurchases 44 Section 3.05 Repurchase. 42 Repurchase 45 Section 3.06 Facility Termination Maturity Date and Revolving Period Extension Options. 43 Options 45 Section 3.07 Payment of Price Differential and Fees. 44 Fees 46 Section 3.08 Payment, Transfer and Custody. 44 Custody 47 Section 3.09 Repurchase Obligations Absolute. 45 Absolute 48 Section 3.10 Future Funding Transactions. 46 Section 3.11 Additional Advances. 47 Transactions 48 ARTICLE 4 MARGIN MAINTENANCE 47 50 Section 4.01 Margin Deficit. 47 Deficit 50 Section 4.02 Additional Provisions Regarding Margin Calls 51 ARTICLE 5 APPLICATION OF INCOME 49 52 Section 5.01 Waterfall Account; Servicer Account. 49 Account 52 Section 5.02 Before an Event of Default. 49 Default 52 Section 5.03 During After an Event of Default. 50 Default 53 Section 5.04 Seller to Remain Liable. 51 Liable 53 ARTICLE 6 CONDITIONS PRECEDENT 51 54 Section 6.01 Conditions Precedent to Initial Transaction. 51 Transaction 54 Section 6.02 Conditions Precedent to All Transactions. 52 Transactions 55 ARTICLE 7 REPRESENTATIONS AND WARRANTIES OF SELLER 55 57 1751106839.6 -1- Section 7.01 Seller. 55 Seller 57 Section 7.02 Repurchase Documents. 55 Documents 58 Section 7.03 Solvency. 56 Solvency 58 Section 7.04 Taxes. 56 Taxes 58 Section 7.05 Financial Condition. 57 Condition 59 Section 7.06 True and Complete Disclosure. 57 Disclosure 59 Section 7.07 Compliance with Laws. 57 Laws 59 Section 7.08 Compliance with ERISA. 58 ERISA 60 Section 7.09 No Default or Material Adverse Effect. 58 Effect 60 Section 7.10 Purchased Assets. 59 Assets 61 Section 7.11 Purchased Assets Acquired from Transferors. 60 Transferors 62 Section 7.12 Transfer and Security Interest. 60 Interest 63 Section 7.13 No Broker. 60 Broker 63 Section 7.14 Interest Rate Protection Agreements. 61 Separateness 63 Section 7.15 Separateness. 61 Investment Company Act 63 Section 7.16 Investment Company Act. 61 Section 7.17 Location of Books and Records. 61 Records 63 Section 7.18 7.17 Chief Executive Office; Jurisdiction of Organization. 61 Organization 63 Section 7.19 7.18 Anti-Money Laundering Laws and Anti-Corruption Laws. 61 Laws 64 Section 7.19 Sanctions 64 Section 7.20 Sanctions. 61 Section 7.21 Beneficial Ownership Certification. 62 Certification 64 ARTICLE 8 COVENANTS OF SELLER 62 64 Section 8.01 Existence; Governing Documents; Conduct of Business. 62 Business 64 Section 8.02 Compliance with Laws, Contractual Obligations and RepurchaseDocuments. 62 Repurchase Documents 65 Section 8.03 Structural Changes. 62 Changes 65 Section 8.04 Protection of Buyer’s Interest in Purchased Assets. 63 Section 8.05 Actions of Seller Relating to Distributions, Indebtedness, Guarantee Obligations, Contractual Obligations, Investments and Liens. 64 Section 8.06 Maintenance of Property, Insurance and Records. 64 Section 8.07 Delivery of Income. 64 Section 8.08 Delivery of Financial Statements and Other Information. 65 Section 8.09 Delivery of Notices. 66 Section 8.10 Hedging. 67 Section 8.11 Escrow Imbalance. 69 Section 8.12 Pledge Agreement. 69 Section 8.13 Taxes. 69 Section 8.14 Management Internalization. 69 Section 8.15 Transaction with Affiliates. 69 Section 8.16 Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions. 70 Section 8.17 Compliance with Sanctions. 70 Section 8.18 Additional Sellers. 70 ARTICLE 9 SINGLE-PURPOSE ENTITY 71 Section 9.01 Covenants Applicable to Seller. 71 Section 9.02 Covenants Applicable to Pledgor. 73 Section 9.03 Additional Covenants Applicable to Seller and Pledgor. 75 ARTICLE 10 EVENTS OF DEFAULT AND REMEDIES 75 Section 10.01 Events of Default. 75 Section 10.02 Remedies of Buyer as Owner of the Purchased Assets. 78 ARTICLE 11 SECURITY INTEREST 80 Section 11.01 Grant. 80 Section 11.02 Effect of Grant. 80 Section 11.03 Seller to Remain Liable. 81 Section 11.04 Waiver of Certain Laws. 81 ARTICLE 12 INCREASED COSTS; CAPITAL ADEQUACY 81 Section 12.01 Market Disruption. 81 Section 12.02 Illegality. 81 Section 12.03 Breakfunding. 82 Section 12.04 Increased Costs. 82 Section 12.05 Capital Adequacy. 82 Section 12.06 Taxes. 83 Section 12.07 Payment and Survival of Obligations. 86 ARTICLE 13 INDEMNITY AND EXPENSES Section 13.01 Indemnity. 86 Section 13.02 Expenses. 88 ARTICLE 14 INTENT 88 Section 14.01 Safe Harbor Treatment. 88 Section 14.02 Liquidation. 89 Section 14.03 Qualified Financial Contract. 89 Section 14.04 Netting Contract. 89 Section 14.05 Master Netting Agreement. 89 iii ARTICLE 15 DISCLOSURE RELATING TO CERTAIN FEDERAL PROTECTIONS 89 ARTICLE 16 NO RELIANCE 90 ARTICLE 17 SECURITY INTEREST 91 Section 17.01 Servicing Rights. 91 Section 17.02 Reserved. 92 Section 17.03 Servicing Reports. 92 Section 17.04 Servicer Event of Default. 92 ARTICLE 18 MISCELLANEOUS 93 Section 18.01 Governing Law. 93 Section 18.02 Submission to Jurisdiction; Service of Process. 93 Section 18.03 Important Waivers. 93 Section 18.04 Integration; Severability. 95 Section 18.05 Single Agreement. 95 Section 18.06 Survival and Benefit of Seller’s Agreements. 95 Section 18.07 Assignments and Participations. 96 Section 18.08 Ownership and Hypothecation of Purchased Assets. 98 Section 18.09 Confidentiality. 98 Section 18.10 No Implied Waivers; Amendments. 99 Section 18.11 Notices and Other Communications. 99 Section 18.12 Counterparts; Electronic Transmission. 99Assets 65