Common use of Margin Call Deadline Clause in Contracts

Margin Call Deadline. If the Agent delivers a Margin Call to the Seller at or before 10:00 a.m. (Houston, Texas time) on any Business Day, then the Seller shall transfer cash and/or Additional Purchased Loans as provided in Section 6.1 by 5:00 p.m. (Houston, Texas time) on the same Business Day. If the Agent delivers a Margin Call to the Seller after 10:00 a.m. (Houston, Texas time) on any Business Day, then the Seller shall transfer cash and/or Additional Purchased Loans by no later than 9:30 a.m. (Houston, Texas time) on the next following Business Day.

Appears in 4 contracts

Sources: Master Repurchase Agreement (Pultegroup Inc/Mi/), Master Repurchase Agreement (M/I Homes, Inc.), Master Repurchase Agreement (M/I Homes, Inc.)

Margin Call Deadline. If the Agent delivers a Margin Call to the Seller at or before 10:00 a.m. (Houston, Texas time) on any Business Day, then the Seller shall transfer cash and/or Additional Purchased Loans as provided in Section 6.1 by 5:00 p.m. (Houston, Texas time) on the same Business Day. If the Agent delivers a Margin Call to the Seller after 10:00 a.m. (Houston, Texas time) on any Business Day, then the Seller shall transfer cash and/or Additional Purchased Loans by no later than 9:30 a.m. (Houston, Texas time) on the next following Business Day.to

Appears in 1 contract

Sources: Master Repurchase Agreement (M/I Homes, Inc.)