Maximum Leverage. Seller shall at all times maintain a ratio of its Total Liabilities to Tangible Net Worth of less than 12:1.
Appears in 3 contracts
Sources: Master Repurchase Agreement and Mortgage Loan Participation Purchase and Sale Agreement (loanDepot, Inc.), Master Repurchase Agreement and Mortgage Loan Participation Purchase and Sale Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.)
Maximum Leverage. Seller shall at all times maintain a ratio of its Total Liabilities total assets to Tangible Net Worth of less than 12:1.
Appears in 2 contracts
Sources: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.)