Margin Call Deadline. If the Agent delivers a Margin Call to the Seller at or before 11:00 a.m. (New York City time) on any Business Day, then the Seller shall transfer cash and/or Additional Purchased Loans as provided in Section 6.1 by 6:00 p.m. (New York City time) on the same Business Day. If the Agent delivers a Margin Call to the Seller after 11:00 a.m. (New York City time) on any Business Day, then the Seller shall transfer cash and/or Additional Purchased Loans by no later than 10:30 a.m. (New York City time) on the next following Business Day.
Appears in 2 contracts
Sources: Master Repurchase Agreement (M/I Homes, Inc.), Master Repurchase Agreement (Pultegroup Inc/Mi/)