Common use of Program; Initiation of Transactions Clause in Contracts

Program; Initiation of Transactions. a. From time to time, in the sole discretion of Buyer, Buyer may purchase from Seller certain Eligible Assets that have been purchased by Seller. The aggregate Purchase Price of Purchased Assets subject to outstanding Transactions plus the aggregate amount of Future Funding Commitments with respect to all Purchased Assets shall not exceed the Maximum Aggregate Purchase Price.

Appears in 1 contract

Samples: Master Repurchase Agreement (Ny Credit Corp.)

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Program; Initiation of Transactions. a. From time to time, in the sole discretion of Buyer, Buyer may purchase from Seller certain Eligible Assets that have been purchased by SellerSeller and offered under the Program Agreements for such purpose to Buyer. All Purchased Assets shall be serviced by Servicer subject to the Buyer’s rights herein or in the Servicing Agreement. The aggregate Purchase Price of Purchased Assets subject to outstanding Transactions plus the aggregate amount of Future Funding Commitments with respect to all Purchased Assets shall not exceed the Maximum Aggregate Purchase Price.

Appears in 1 contract

Samples: Master Repurchase Agreement (RAIT Financial Trust)

Program; Initiation of Transactions. a. From time to time, in the sole discretion of Buyer, Buyer may purchase from Seller certain Eligible Assets that have been purchased by Seller. All Purchased Assets shall be serviced by Servicer in accordance with the Servicing Standard subject to the Buyer's rights herein. The aggregate Purchase Price of Purchased Assets subject to outstanding Transactions plus the aggregate amount of Future Funding Commitments with respect to all Purchased Assets shall not exceed the Maximum Aggregate Purchase Price.

Appears in 1 contract

Samples: Master Repurchase Agreement (Winthrop Realty Trust)

Program; Initiation of Transactions. a. From time to time, in the sole discretion of Buyer, Buyer may shall purchase from Seller certain Eligible Assets that have been purchased and/or originated by Seller. All Purchased Assets shall be serviced by Servicer subject to the Buyer’s rights herein or in the Servicing Agreement. The aggregate Purchase Price of Purchased Assets subject to outstanding Transactions plus the aggregate amount of Future Funding Commitments with respect to all Purchased Assets shall not exceed the Maximum Aggregate Purchase Price.

Appears in 1 contract

Samples: Master Repurchase Agreement (Care Investment Trust Inc.)

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Program; Initiation of Transactions. a. From time to time, in the sole discretion of Buyer, Buyer may purchase from Seller Sellers certain Eligible Assets that have been originated or purchased by SellerSellers. All Purchased Assets shall be serviced by Servicer subject to the Buyer’s rights herein or in the Servicing Agreement. The aggregate Purchase Price of Purchased Assets subject to outstanding Transactions plus the aggregate amount of Future Funding Commitments with respect to all Purchased Assets shall not exceed the Maximum Aggregate Purchase Price.

Appears in 1 contract

Samples: Master Repurchase Agreement (Arbor Realty Trust Inc)

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