Hedging Reports. Seller Parties shall deliver to Administrative Agent and each Buyer a monthly summary hedge report (data elements to be agreed upon by Seller Parties and Administrative Agent). To the extent any Seller Party retains any Person(s) to perform hedging services on behalf of such Seller Party, such Seller Party hereby grants Administrative Agent and each Buyer authority to contact, request and receive hedging reports directly from such Person(s) at no cost to Administrative Agent or any Buyer. Further, such Seller Party shall instruct such Person(s), upon reasonable notice from Administrative Agent and during normal business hours, to answer candidly and fully, at no cost to Administrative Agent or any Buyer, any and all questions that Administrative Agent or any Buyer may address to them in reference to the hedging reports of such Seller Party.
Appears in 2 contracts
Sources: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)
Hedging Reports. Seller Parties shall deliver to Administrative Agent and each Buyer a monthly summary hedge report (data elements to be agreed upon by Seller Parties and Administrative Agent). To the extent any Seller Party retains any Person(s) to perform hedging services on behalf of such Seller Party, such Seller Party hereby grants Administrative Agent and each Buyer authority to contact, request and receive hedging reports directly from such Person(s) at no cost to 753772846 22720164 β Administrative Agent or any Buyer. Further, such Seller Party shall instruct such Person(s), upon reasonable notice from Administrative Agent and during normal business hours, to answer candidly and fully, at no cost to Administrative Agent or any Buyer, any and all questions that Administrative Agent or any Buyer may address to them in reference to the hedging reports of such Seller Party.
Appears in 1 contract
Sources: Master Repurchase Agreement (PennyMac Financial Services, Inc.)