Initiation Termination Clause Samples
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. 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. 35 3.1. Seller Request; Agent Confirmation ......................................................................35 3.2. Request/Confirmation ............................................................................................36 3.3. Transaction Termination; Purchase Price Decrease ..............................................36 3.4. Place for Payments of Repurchase Prices ..............................................................37 3.5. Withdrawals from and Credits to Operating Account ...........................................37 3.6. Purchase of Existing Mortgage Loan Portfolio. ....................................................37 3.7. Disbursements from Repurchase Settlement Account ...........................................38 3.8. Delivery of Additional Mortgage Loans ................................................................38 3.9. Application of Purchase Price Decreases ..............................................................38 3.10. Defaulting Buyers ..................................................................................................38 4
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. 21 SECTION 4. MARGIN AMOUNT MAINTENANCE....................................................................25
Initiation Termination. 30 4. RESERVED............................................................. 36 5.
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:
(i) The following Facility Documents, duly executed and delivered to Buyer:
(A) Agreement. This Agreement, duly executed by the parties thereto.
Initiation Termination. Section 3 of the Existing Repurchase Agreement is hereby amended by:
2.1 deleting clauses (b)(vi), (b)(vii) and (b)(viii) in their entirety and replacing them with the following, respectively:
Initiation Termination. 14 SECTION 4.
Initiation Termination. (a) Conditions Precedent to the Effective Date. ------------------------------------------
(1) The Effective Date hereof is subject to the satisfaction, immediately prior to or concurrently therewith, of the conditions precedent that Buyer shall have received from Seller any fees and expenses payable hereunder (including, without limitation, the fee required pursuant to Section 3(q)), and all of the following documents, each of which shall be satisfactory in form and substance to Buyer and its counsel:
(A) The following Repurchase Documents delivered to Buyer:
(1) Amended and Restated Master Repurchase -------------------------------------- Agreement. This Amended and Restated Master Repurchase Agreement duly completed and executed by the parties thereto. In addition, Seller shall have taken such other action as Buyer shall have requested in order to perfect the security interests created pursuant to this Agreement;