Additional Purchased Securities definition

Additional Purchased Securities. Securities provided by Seller to Buyer pursuant to Paragraph 4(a) hereof;
Additional Purchased Securities. Securities provided by Seller to Buyer pursuant to Paragraph 4 (a) hereof;
Additional Purchased Securities shall not include any Series or mortgage-backed securities created or issued in any securitization in which IndyMac Bank or any of its affiliates participated as the seller or servicer of the related mortgage loans. Notwithstanding the foregoing, each of the parties to this Agreement may elect to terminate the provisions of this Section 6.02 and render them of no further force and effect upon providing the other parties five (5) days prior written notice of such party's election. No election pursuant to this Section 6.02 shall have any effect on any Series of Class B Certificates or the related pool of underlying Mortgage Loans that were made subject to this Agreement prior to such election.

Examples of Additional Purchased Securities in a sentence

  • Buyer shall not be obligated to take any action pursuant to the preceding sentence (A) to the extent that such action would result in the creation of a Margin Deficit, unless prior thereto or simultaneously therewith Seller transfers to Buyer cash or Additional Purchased Securities sufficient to eliminate such Margin Deficit, or (B) if an Event of Default with respect to Seller has occurred and is then continuing at the time such Income is paid or distributed.


More Definitions of Additional Purchased Securities

Additional Purchased Securities means, Securities provided by Seller to Buyer pursuant to Section 3.1 hereof;
Additional Purchased Securities means the Purchased Securities, if any, to be purchased by the Purchaser pursuant to Section 6.06 hereof.
Additional Purchased Securities. Securities provided by Seller to Buyer pursuant to Paragraph 4(a) hereof; (c) "Buyer's Margin Amount", with respect to any Transaction as of any date, the amount obtained by application of a percentage (which may be equal to the percentage that is agreed to as the Seller's Margin Amount under subparagraph (q) of this Paragraph), agreed to by Buyer and Seller prior to entering into the Transaction, to the Repurchase Price for such Transaction as of such date; (d) "Confirmation", the meaning specified in Paragraph 3(b) hereof; (e) "Income", with respect to any Security at any time, an principal thereof then payable and all interest, dividends or other distributions thereon; (f) "Margin Deficit", the meaning specified in Paragraph 4(a) hereof; (g) "Margin Excess", the meaning specified in Paragraph 4(b) hereof; (h) "Market Value", With respect to any Securities as of any date, the price for such Securities on such date obtained from a generally recognized source agreed to by the parties or the most recent closing bid quotation from such a source, plus accrued Income to the extent not included therein (other than any Income credited or transferred to, or applied to the obligations of, Seller pursuant to Paragraph 5 hereof) as of such date (unless contrary to market practice for such Securities); (i) "Price Differential", with respect to any transaction hereunder as of any date, the aggregate amount obtained by daily application of the Pricing Rate for such Transaction to the Purchase Price for such Transaction on a 360 day per year basis for the actual number of days during the period commencing on (and including) the Purchase Date for such Transaction and ending on (but excluding) the date of determination (reduced by any amount of such Price Differential previously paid by Seller to Buyer with respect to such Transaction);
Additional Purchased Securities means shares of Series A ------------------------------- Convertible Preferred purchased by the Purchaser at each Subsequent Closing from time to time pursuant to Article III. -----------
Additional Purchased Securities shall have the meaning assigned thereto in Section 6(a) hereof.
Additional Purchased Securities means Securities provided by Seller to Buyer pursuant to Section 4(a) hereof. Repurchase Agreement $400MM Facility FINAL VERSION
Additional Purchased Securities means shares of Series ------------------------------- A Convertible Preferred purchased by the Purchaser at each Subsequent Closing from time to time pursuant to Section 3.2 and Section 3.3. ----------- ------------ "Affiliated Group" shall mean an affiliated group as defined ---------------- in Section 1504 of the IRC (or any analogous combined, consolidated or unitary group defined under state, local or foreign income tax law) of which Company is or has been a member.