Margin Excess Sample Clauses

Margin Excess. In the event the then aggregate Margin Value of Purchased Securities shall exceed the Purchase Price of outstanding Transactions (such excess amount, the "Margin Excess"), Custodian shall so notify Seller and, upon Oral or Written Instructions from Seller, Custodian shall transfer Purchased Securities from Buyer's Account to Seller's Account having a Market Value equal to the Margin Excess. Buyer hereby irrevocably authorizes Custodian to accept the Oral or Written Instructions of Seller identifying the specific Purchased Securities to be released from Buyer's Account pursuant hereto. Upon transfer from Buyer's Account, released Securities shall cease to be Purchased Securities for all purposes hereunder.
Margin Excess. If on any day after Seller has transferred cash or Additional Purchased Mortgage Loans to Buyer pursuant to Paragraph (b) above, the sum of (i) the cash paid to Buyer and (ii) the aggregate of the Margin Amounts of all Purchased Mortgage Loans for all Transactions at that time, including any such Additional Purchased Mortgage Loans, exceeds the sum of the outstanding Purchase Prices for all outstanding Transactions at that time, then at the request of Seller, Buyer shall return a portion of the cash or Additional Purchased Mortgage Loans to Seller so that the remaining sum of (i) and (ii) does not exceed the sum of the outstanding Purchase Prices for all outstanding Transactions at that time; provided that the sum of the cash plus the value of Additional Purchased Mortgage Loans returned shall be strictly limited to an amount, after the return of which, no Margin Deficit will exist.
Margin Excess. With respect to any Purchased Asset, Seller may submit to Buyer a written request, to be delivered no more frequently than twice each calendar month (in total together with any prepayments pursuant to Article 3(e)(ii))(a “Margin Excess Request”), requesting that Buyer make an additional advance (a “Margin Excess Advance”) with respect to the applicable Purchased Asset in the amount requested by Seller in such Margin Excess Request that is not less than $1,000,000 (but not to exceed the Margin Excess for such Purchased Asset). Buyer shall by no later than 5:00 p.m. (New York City time) on the second (2nd) Business Day following the Business Day of Buyer’s receipt of such Margin Excess Request, (x) transfer to Seller the amount of cash requested by Seller, and (y) deliver to Seller a revised Confirmation reflecting the corresponding increase in the Purchase Price of such Purchased Asset. Buyer’s disbursement of any Margin Excess Advance (if any) shall be subject to satisfaction of the following conditions precedent, as determined by Buyer in its commercially reasonable discretion (or, in Buyer’s sole discretion, waived):
Margin Excess. At any time after a Purchased Asset has been the subject of a Margin Call, Seller may request that Purchaser re-determine the Market Value of such Purchased Asset. If pursuant to such calculation Purchaser in its sole discretion determines that there exists any Margin Excess with respect to such Purchased Asset, then Purchaser shall, no later than five (5) Business Days after making such determination and subject to the satisfaction of the conditions set forth below, transfer cash to Seller in an amount that does not exceed the Margin Excess of such Purchased Asset, and such transfer shall be reflected as an increase in the outstanding Purchase Price of such Purchased Asset. Any such transfer of cash by Purchaser shall be subject to the following conditions:
Margin Excess. In Buyer’s sole discretion, on any date upon which a Margin Deficit with respect to any Purchased Asset exists, if, with respect to any other Purchased Asset, the lesser of either (a) the Market Value for such Purchased Asset on the related Purchase Date, or (b) the then-current Market Value of such Purchased Asset (or the par amount of such Purchased Asset, if lower than Market Value) on the date of the determination thereof, exceeds the product of (x) Seller’s Margin Percentage and (y) the outstanding Repurchase Price for such Purchased Asset as of such date (the positive difference, if any, a “Margin Excess”), Seller may request that Buyer apply such Margin Excess as credit against the Margin Deficit on any Purchased Asset for which a Margin Deficit Exists pursuant to Section 4.01, in full or partial satisfaction of such Margin Deficit.
Margin Excess. If on any day after Seller has transferred cash or Additional Purchased Mortgage Loans to Buyer pursuant to Section 4(b), the sum of (i) the cash paid to Buyer and (ii) the aggregate of the Margin Amounts of all Purchased Mortgage Loans for all Transactions at that time, including any such Additional Purchased Mortgage Loans, exceeds the sum of the Repurchase Prices of all such Purchased Mortgage Loans by more than Two Hundred Fifty Thousand Dollars ($250,000), then at the request of Seller, Buyer shall return a portion of the cash or Additional Purchased Mortgage Loans to Seller so that the remaining sum of (i) and (ii) does not exceed the sum of such Repurchase Prices; provided that the sum of the cash plus the value of Additional Purchased Mortgage Loans returned shall be strictly limited to an amount, after the return of which, no Margin Deficit will exist. (The remainder of this page is intentionally blank; counterpart signature pages follow) As amended hereby, the Amended MRA remains in full force and effect, and the Parties hereby ratify and confirm it. JPMORGAN CHASE BANK, N.A. By: /s/ Laura Carter Laura Carter Authorized Officer LOANDEPOT.COM, LLC By: /s/ Patrick Flanagan Patrick Flanagan Chief Financial Officer
Margin Excess. Prior to the Facility Termination Date, if no Event of Default has occurred and is continuing, if on any Remittance Date the amount of Margin Excess is greater than the Minimum Margin Amount, Buyer shall pay Seller an amount necessary to reduce the Margin Excess to zero on such Remittance Date. Any Margin Excess paid by Buyer under this Section 4.02 shall be applied by Buyer to increase the respective Purchase Prices of the Purchased Assets.
Margin Excess. Section 4(b) of the Master Repurchase Agreement (and all references to Section 4(b) in any other Section of the Master Repurchase Agreement) are hereby deleted in their entirety.
Margin Excess. In connection with any Margin Call under Section 4.01, if (x) Seller provides a written request for application of Margin Excess to satisfy a Margin Deficit, (y) Margin Excess is available for application to the related Margin Deficit, and (z) each of the Margin Excess Requirements has been satisfied, then Buyer may, within one (1) Business Day from the date of the related Margin Call, apply available Margin Excess, if any, pursuant to this Section 4.02 in whole or in part to satisfy such Margin Deficit, in the amount and manner permitted by Buyer, in Buyer’s sole discretion (provided that Buyer’s determination to not make such application within such time period shall not affect Seller’s obligations under this Section 4.02 or Buyer’s rights in respect thereto), and, solely to the extent so applied, the amount of such Margin Deficit shall be reduced by the application of such Margin Excess. As soon as possible after each such application of Margin Excess, Buyer and Seller shall amend the related Confirmation relating to any Purchased Asset with respect to which the related Purchase Price has been so reduced under this Section 4.02, as well as that of any related Purchased Asset where the Purchase Price has been increased pursuant to this Section 4.02.
Margin Excess. (a) If Buyer issues a Margin Call under Section 4.01 with respect to any Purchased Asset(s) and if the Market Value for any other Purchased Asset exceeds the product of Seller’s Margin Percentage times the outstanding Repurchase Price for such Purchased Asset (with such amount to be determined by Buyer using its latest internal underwriting and valuation information), as determined by Buyer in its sole and absolute discretion (a “Margin Excess”), then Buyer, in response to Seller’s written request following Buyer’s delivery of a Margin Call to Seller, shall apply such Margin Excess to the related Margin Deficit, but only if each of the Margin Excess Requirements have been met in accordance with the terms set forth in Section 4.01(c).