Definition of PMAC Holdings


PMAC Holdings means PennyMac Holdings, LLC, a Delaware limited liability company, its successors and permitted assigns.
Sample 1

Examples of PMAC Holdings in a sentence

PMAC Holdings shall comply with the following financial covenants: (A) the ratio of PMAC Holdings' Total Indebtedness to its Adjusted Tangible Net Worth shall not at any time be greater than 10:1, (B) PMAC Holdings and PennyMac Corp.
PennyMac shall comply with the following financial covenants: (A) the ratio of PennyMac's Total Indebtedness to its Adjusted Tangible Net Worth shall not at any time be greater than 12:1; (B) PennyMac and PMAC Holdings shall maintain combined Liquidity at all times in an amount of not less than $25,000,000; and (C) the Adjusted Tangible Net Worth of PennyMac shall at all times be greater than $140,000,000.
PennyMac shall comply with the following financial covenants: (A) the ratio of PennyMac's Total Indebtedness to its Adjusted Tangible Net Worth shall not at any time be greater than 10:1; (B) PennyMac and PMAC Holdings shall maintain combined Liquidity at all times in an amount of not less than $25,000,000; and (C) the Adjusted Tangible Net Worth of PennyMac shall at all times be greater than $140,000,000.
Each of Buyer and Sellers agree that each reference to (i) PennyMac Mortgage Investment Trust Holdings I, LLC in each Program Document is hereby amended to be PennyMac Holdings, LLC and (ii) PMIT Holdings in each Program Document is hereby amended to be PMAC Holdings.
As of the Effective Date, the corporate headquarters of PMAC Holdings is located at 3043 Townsgate Road, Suite 310, Westlake Village, CA 91361.