PC Repurchase Agreement definition

PC Repurchase Agreement means the Third Amended and Restated Master Repurchase Agreement, dated as of January 25, 2024, between the Issuer and Seller, as amended, restated, supplemented or otherwise modified from time to time.

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PC Repurchase Agreement has the meaning set forth in the recitals hereto.

PC Repurchase Agreement means the Master Repurchase Agreement, dated as of December 19, 2016, among PLS, as seller, the Issuer, as buyer and Private National Mortgage Acceptance Company, LLC, as guarantor, as amended, restated, supplemented or otherwise modified from time to time.

Examples of PC Repurchase Agreement in a sentence

• Notices delivered in connection with this Guaranty shall be given in accordance with Section 10.04 of the PC Repurchase Agreement.

• This Guaranty shall remain in full force and effect until the later of (i) the termination of the PC Repurchase Agreement and (ii) the Obligations are paid in full, notwithstanding that from time to time prior thereto Seller may be free from any Obligations.

• Pledgor hereby authorizes Buyer to liquidate the Collateral should an Event of Default occur and apply the Proceeds of such liquidation to the Obligations existing under the PC Repurchase Agreement.

• Pledgor acknowledges and agrees that its rights with respect to the Collateral are and shall continue to be at all times junior and subordinate to the rights of Buyer under the PC Repurchase Agreement and under this Agreement.

• The Seller shall not pledge, obtain financing for or otherwise permit any Lien of any creditor of the Seller to exist on, any portion of the Primary Portfolio Collections, the Secondary Portfolio Collections or the Seller’s interest in the Portfolio Spread Custodial Account other than, so long as the PC Repurchase Agreement is in effect, pursuant to transactions relating to the PC Repurchase Agreement and the PMH Subordination Agreement.

• The ownership of each Participation Interest shall be registered on a record of ownership (the “Participation Certificate Register”) maintained by Issuer, during the term of the PMH Repurchase Agreement (so long as the PC Repurchase Agreement remains in effect), and, thereafter, by Seller (the “Participation Certificate Registrar”).

• The Issuer hereby covenants that it will not, without the prior written consent of the Majority Noteholders of all Outstanding Notes, acquire or hold any indebtedness for borrowed money of another person, or any capital stock, debentures, partnership interests or other ownership interests or other securities of any Person, other than Permitted Investments as provided hereunder and the Participation Certificates acquired under the PC Repurchase Agreement.

• All conditions to the Buyer entering into a related transaction with the Issuer under the PC Repurchase Agreement have been satisfied.

• Except pursuant to the PC Repurchase Agreement, Seller sells and/or contributes the Participation Certificate to any Person other than the Buyer.

• The Administrator shall enforce the Servicer’s obligations pursuant to the PC Repurchase Agreement, on behalf of the Issuer and the Indenture Trustee.

More Definitions of PC Repurchase Agreement

PC Repurchase Agreement means the Second Amended and Restated Master Repurchase Agreement, dated as of November 15, 2021 (as amended by Amendment No. 1, dated as of February 10, 2022), between the Issuer and Seller.

PC Repurchase Agreement means the Master Repurchase Agreement, dated as of the Closing Date, among NSM, as Repo Seller and the Issuer, as Repo Buyer, pursuant to which NSM has sold to the Issuer, all of its right, title and interest in, to and under (i) the Excess Spread PC (including all rights to the Excess Spread related thereto), (ii) the P&I Advance PC (including all rights to the MBS Advance Reimbursement Amounts related thereto), and (iii) the Servicing Advance PC (including all rights to Servicing Advance Reimbursement Amounts related thereto).

PC Repurchase Agreement. The Second Amended and Restated Master Repurchase Agreement, dated as of November 15, 2021, among loanDepot, as Repo Seller and the Issuer, as Repo Buyer, and consented to by Citibank, as Indenture Trustee, CSFB, as Administrative Agent, and CSCIB, as noteholder of the Outstanding VFNs, pursuant to which loanDepot has sold to the Issuer, all of its right, title and interest in, to and under the Participation Certificates (including all rights to the Portfolio Excess Spread and Advance Reimbursement Amounts related thereto).

PC Repurchase Agreement means the Repurchase Agreement, dated as of November 14, 2025, between the Issuer and Seller, as amended, restated, supplemented or otherwise modified from time to time.

PC Repurchase Agreement. The Master Repurchase Agreement, dated as of December 19, 2016, among PLS, as Repo Seller, the Issuer, as Repo Buyer and the Guarantor, pursuant to which PLS has sold to the Issuer, all of its right, title and interest in, to and under (i) the Originated MSR Excess Spread PC (including all rights to the Excess Spread related thereto), (ii) the MSR Retained Spread PC (including all rights to the Retained Servicing Spread and Advance Reimbursement Amounts related thereto) and (iii) subject to PMH’s rights under the PMH Repurchase Agreement, the Purchased MSR Excess Spread PC (including all rights to the Excess Spread related thereto), as amended, restated, supplemented or otherwise modified from time to time.