Pricing Rate. For purposes of the Agreement and all other Transaction Documents, the “Pricing Rate” for each Purchased Mortgage Loan for each day during a calendar month shall be the per annum percentage rate equal to the sum of the Adjusted Term SOFR Rate plus one hundred and forty-five basis points (1.45%); provided that if Buyer, acting in its sole discretion, shall elect from time to time to give Seller a notice (which notice may be via electronic mail) specifying a lower or higher Pricing Rate (or Pricing Rates) for a specified time period and specified Purchased Mortgage Loan, such lower or higher Pricing Rate(s) specified in such notice shall be applicable for the time period and Purchased Mortgage Loan specified in such notice, provided, however, for the avoidance of doubt, that in no event shall any such specified Pricing Rate delivered by Buyer in accordance with the immediately preceding proviso exceed the sum of the Adjusted Term SOFR Rate for that day plus one hundred and forty-five basis points (1.45%). As used herein, the following terms shall have the corresponding definitions:
Appears in 1 contract
Sources: Master Repurchase Agreement (Walker & Dunlop, Inc.)
Pricing Rate. For purposes of the Agreement and all other Transaction Documents, the “Pricing Rate” for each Purchased Mortgage Loan for each day during a calendar month shall be the per annum percentage rate equal to the sum of the Adjusted Term SOFR Rate plus one hundred and forty-five basis points (1.45%); provided that if Buyer, acting in its sole discretion, shall elect from time to time to give Seller a notice (which notice may be via electronic mail) specifying a lower or higher Pricing Rate (or Pricing Rates) for a specified time period and specified Purchased Mortgage Loan, such lower or higher Pricing Rate(s) specified in such notice shall be applicable for the time period and Purchased Mortgage Loan specified in such notice, provided, however, for the avoidance of doubt, that in no event shall any such specified Pricing Rate delivered by Buyer in accordance with the immediately preceding proviso exceed the sum of the Adjusted Term SOFR Rate for that day plus one hundred and forty-five basis points (1.45%). [Amendment No. 2 to A&R Side Letter] W▇▇▇▇▇ & Dunlop, LLC W▇▇▇▇▇ & Dunlop, Inc. September 1512, 20222024 As used herein, the following terms shall have the corresponding definitions:
Appears in 1 contract
Sources: Amendment No. 3 to Amended and Restated Side Letter (Walker & Dunlop, Inc.)