Initiation Termination. Section 3 of the Existing Repurchase Agreement is hereby amended by deleting subsection (e) in its entirety and replacing it with the following:
Initiation Termination. 39 3.1. Seller Request; Agent Confirmation.................................................................. 39 3.2. Request/Confirmation ...................................................................................... 40 3.3. Transaction Termination; Purchase Price Decrease............................................ 40 3.4. Place for Payments of Repurchase Prices .......................................................... 41 3.5. Withdrawals from and Credits to Operating Account......................................... 41 3.6. [Reserved]. ...................................................................................................... 41 3.7. Disbursements from Repurchase Settlement Account ........................................ 41 3.8. Delivery of Additional Mortgage Loans ............................................................ 42 3.9. Application of Purchase Price Decreases........................................................... 42 3.10. Defaulting Buyers ............................................................................................ 42 3.11. eMortgage Loan Transactions........................................................................... 45 SECTION 4.
Initiation Termination. 21 SECTION 4. MARGIN AMOUNT MAINTENANCE....................................................................25
Initiation Termination. 2.1 Section 3 of the Existing Repurchase Agreement is hereby amended by adding the following subsections (viii) and (ix) to the end of subsection (c) thereof:
Initiation Termination. (a) Conditions Precedent to Initial Transaction. Buyer’s agreement to enter into the initial Transaction hereunder is subject to the satisfaction, immediately prior to or concurrently with the making of such Transaction, of the condition precedent that Buyer shall have received from Seller any fees and expenses payable hereunder, and all of the following documents, each of which shall be satisfactory to Buyer and its counsel in form and substance:
Initiation Termination. Section 3 of the Existing Repurchase Agreement is hereby amended by:
Initiation Termination. 41 3.1. Seller Request; Agent Confirmation ............................................................................ 41 3.2. Request/Confirmation .................................................................................................. 42 3.3. Transaction Termination; Purchase Price Decrease ..................................................... 42 3.4. Place for Payments of Repurchase Prices .................................................................... 43 3.5. Withdrawals from and Credits to Operating Account .................................................. 43 3.6. [Reserved] .................................................................................................................... 43 3.7. Disbursements from Repurchase Settlement Account ................................................. 43 3.8. Delivery of Additional Mortgage Loans ...................................................................... 44 3.9.
Initiation Termination. 17 4. RESERVED........................................................................ 22 5.
Initiation Termination. 21 SECTION 4.
Initiation Termination. Section 3(b) of the Existing Repurchase Agreement is hereby amended by deleting clause (iv) thereof and replacing it with the following:
