Common use of TERMINABILITY Clause in Contracts

TERMINABILITY. This Agreement shall be terminated on the Final Repurchase Date, and any outstanding Transactions shall become due on such date. Notwithstanding any such termination or the occurrence of an Event of Default, all of the representations, warranties and covenants, and indemnities hereunder (including those made in the Asset Representations) shall continue and survive.

Appears in 1 contract

Sources: Master Repurchase Agreement (Contifinancial Corp)

TERMINABILITY. (a) This Agreement shall be terminated on terminate upon the earlier of (i) the Final Repurchase DateDate or (ii) written notice from Seller to Buyer to such effect, and except that this Agreement shall, notwithstanding the above clauses, remain applicable to any outstanding Transactions shall become due on such date. Transaction then outstanding. (b) Notwithstanding any such termination of this Agreement or the occurrence of an Event of Default, all of the representations, representations and warranties and covenants, and indemnities hereunder (including those made in the Asset RepresentationsSchedule 1) shall continue and survive.

Appears in 1 contract

Sources: Master Repurchase Agreement (WMC Finance Co)

TERMINABILITY. (a) This Agreement shall be terminated on terminate upon the Final Repurchase Date, and except that this Agreement shall, notwithstanding the above clause, remain applicable to any outstanding Transactions shall become due on such date. Transaction then outstanding. (b) Notwithstanding any such termination of this Agreement or the occurrence of an Event of Default, all of the representations, representations and warranties and covenants, and indemnities hereunder (including those made in the Asset RepresentationsSchedule 1) and any and all rights under Section 20 shall continue and survive.

Appears in 1 contract

Sources: Master Repurchase Agreement (Fieldstone Investment Corp)

TERMINABILITY. (a) This Agreement shall be terminated on terminate upon the Final Repurchase Date, and except that this Agreement shall, notwithstanding the above clauses, remain applicable to any outstanding Transactions shall become due on such date. Transaction then outstanding. (b) Notwithstanding any such termination of this Agreement or the occurrence of an Event of Default, all of the representations, representations and warranties and covenants, and indemnities hereunder (including those made in the Asset RepresentationsSchedule 1) and any and all rights under Section 20 shall continue and survive.

Appears in 1 contract

Sources: Master Repurchase Agreement (Fieldstone Investment Corp)