Common use of Margin Maintenance Clause in Contracts

Margin Maintenance. a. If at any time the aggregate Market Value of all Purchased Assets subject to all Transactions is less than the aggregate Buyer’s Margin Amount for all such Transactions (a “Margin Deficit”), then Buyer may by notice to Seller require Seller in such Transactions to transfer to Buyer cash or, at Buyer’s option (and provided Seller has additional Eligible Assets), additional Eligible Assets (“Additional Purchased Assets”), so that the cash and aggregate Market Value of the Purchased Assets, including any such Additional Purchased Assets, will thereupon equal or exceed such aggregate Buyer’s Margin Amount (such requirement, a “Margin Call”).

Appears in 3 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

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Margin Maintenance. a. If at any time the aggregate Market Value of all Purchased Assets subject to all Transactions is less than the aggregate Buyer’s Margin Amount for all such Transactions (a “Margin Deficit”), then Buyer may by notice to Seller Sellers require Seller Sellers in such Transactions to transfer to Buyer cash or, at Buyer’s option (and provided Seller has additional Eligible Assets), additional Eligible Assets (“Additional Purchased Assets”), so that the cash and aggregate Market Value of the Purchased Assets, including any such Additional Purchased Assets, will thereupon equal or exceed such aggregate Buyer’s Margin Amount (such requirement, a “Margin Call”).

Appears in 2 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

Margin Maintenance. a. If at any time the aggregate Market Value of all Purchased Assets subject to all Transactions is less than the aggregate Buyer’s 's Margin Amount for all such Transactions (a "Margin Deficit"), then Buyer may by notice to Seller require Seller in such Transactions to transfer to Buyer cash or, at Buyer’s 's option (and provided Seller has additional Eligible Assets), additional Eligible Assets ("Additional Purchased Assets"), so that the cash and aggregate Market Value of the Purchased Assets, including any such Additional Purchased Assets, will thereupon equal or exceed such aggregate Buyer’s 's Margin Amount (such requirement, a "Margin Call").

Appears in 2 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

Margin Maintenance. a. a) If at any time the aggregate Market Value of all Purchased Assets subject to all Transactions is less than the aggregate Buyer’s Margin Amount for all such Transactions (a “Margin Deficit”), then Buyer may by notice to Seller require Seller in such Transactions Transactions, at Buyer’s option, to transfer to Buyer cash or, at Buyer’s option (and provided Seller has additional Eligible Assets)cash, additional Eligible Assets Loans or LLC Interests acceptable to Buyer in its sole discretion (“Additional Purchased Assets”), so that the cash and aggregate Market Value of the Purchased Assets, including any such Additional Purchased Assets, will thereupon equal or exceed such aggregate Buyer’s Margin Amount (such requirement, a “Margin Call”).

Appears in 2 contracts

Samples: Master Repurchase Agreement (Spirit Finance Corp), Master Repurchase Agreement (Spirit Finance Corp)

Margin Maintenance. a. If at any time the aggregate Market Value of all the Purchased Assets subject to all Transactions is less than the aggregate Buyer’s Margin Amount for all such Transactions (a “Margin Deficit”), then the Buyer may by notice to Seller the Sellers require Seller the Sellers in such Transactions to transfer to the Buyer cash or, at the Buyer’s option (and provided the Seller has additional Eligible Assets), additional Eligible Assets (the “Additional Purchased Assets”), so that the cash and aggregate Market Value of the Purchased Assets, including any such Additional Purchased Assets, will thereupon equal or exceed such aggregate Buyer’s Margin Amount (such requirement, a “Margin Call”).

Appears in 2 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

Margin Maintenance. a. If at any time the aggregate Market Value of all Purchased Assets subject to all Transactions the Transaction is less than the aggregate Buyer’s Margin Amount for all such Transactions the Transaction (a “Margin Deficit”), then Buyer may by notice to Seller require Seller in such Transactions the Transaction to transfer to Buyer cash or, at Buyer’s option (and provided Seller has additional Eligible Assets), additional Eligible Assets (“Additional Purchased Assets”), so that the cash and aggregate Market Value of the Purchased Assets, including any such Additional Purchased Assets, will thereupon equal or exceed such aggregate Buyer’s Margin Amount (such requirement, a “Margin Call”).

Appears in 1 contract

Samples: Master Repurchase Agreement (New Century Financial Corp)

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Margin Maintenance. a. a) If at any time the aggregate Market Value of all Purchased Assets subject to all Transactions is less than the aggregate Buyer’s Margin Amount for all such Transactions (a “Margin Deficit”), then Buyer may by notice to Seller require Seller in such Transactions Transactions, at Buyer’s option, to transfer to Buyer cash or, at Buyer’s option (and provided Seller has or additional Eligible Assets), additional Eligible Assets Loans acceptable to Buyer in its sole discretion (“Additional Purchased Assets”), so that the cash and aggregate Market Value of the Purchased Assets, including any such Additional Purchased Assets, will thereupon equal or exceed such aggregate Buyer’s Margin Amount (such requirement, a “Margin Call”).

Appears in 1 contract

Samples: Master Repurchase Agreement (Spirit Finance Corp)

Margin Maintenance. a. If at any time the aggregate Market Value of all Purchased Assets subject to all Transactions is less than the aggregate Buyer’s Margin Amount for all such Transactions (a “Margin Deficit”), then Buyer may by notice to the related Seller require the related Seller in such Transactions to transfer to Buyer Buyer, either cash or, at Buyer’s option (and provided Seller has additional Eligible Assets), or additional Eligible Assets acceptable to Buyer in its sole discretion (“Additional Purchased Assets”), so that the cash and aggregate Market Value of the Purchased Assets, including any such Additional Purchased Assets, will thereupon equal or exceed such aggregate Buyer’s Margin Amount (such requirement, a “Margin Call”).

Appears in 1 contract

Samples: Repurchase Agreement (Novastar Financial Inc)

Margin Maintenance. a. a) If at any time the aggregate Market Value of all Purchased Assets subject to all Transactions is less than or equal to 95% of the aggregate Buyer’s 's Margin Amount for all such Transactions (a "Margin Deficit"), then Buyer may by notice to Seller require Seller in such Transactions Transactions, at Buyer's option, to transfer to Buyer cash or, at Buyer’s option (and provided Seller has additional Eligible Assets), or additional Eligible Assets acceptable to Buyer in its sole discretion ("Additional Purchased Assets"), so that the cash and aggregate Market Value of the Purchased Assets, including any such Additional Purchased Assets, will thereupon equal or exceed such aggregate Buyer’s 's Margin Amount (such requirement, a "Margin Call").

Appears in 1 contract

Samples: Repurchase Agreement (Spirit Finance Corp)

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