Repo Seller definition

Repo Seller has the meaning set forth in the definition of “Repurchase Agreement.”
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Repo Seller means the party who sells eligible securities for cash for the term of the transaction and agrees to buy back the equivalent eligible securities at maturity and has to pay a Repo rate to the Repo Buyer;
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Repo Seller. The seller under a repurchase agreement. With respect to the PMH Repurchase Agreement, PMH is the Repo Seller. With respect to the PC Repurchase Agreement, PLS is the Repo Seller.
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Examples of Repo Seller in a sentence

  • At the end of the paragraph, insert “However, in the case of a Foreign Currency Repo, Seller or its agent shall transfer the Purchased Securities to Buyer on the day specified in the Confirmation for the Transaction (the “Seller Delivery Date”).

  • In this way, the trading desk is Counterparty A (aka, Borrower, Repo Seller) who uses the purchased security as repo collateral in order to borrow the cash used to fund the purchase of the security. Reverse Repos and Short Positions: Hedge funds are the most likely to take short positions; aka, sell short a security.

  • If such Margin Deficit is not cured by the Repo Seller within the same Business Day (if notice of a Margin Deficit is provided at or before 4:30 p.m. (New York time) on such day) or the immediately following Business Day (if notice of a Margin Deficit is provided after 4:30 p.m. (New York time)) the Custodian shall notify Buyer and Seller that a Repo Event of Default has occurred, unless waived in writing by 100% of the Noteholders of each class of Notes.

  • Repo Seller means the seller of DFM securities and receiver of cash.

  • It is the sole responsibility of the Repo Seller and Repo Buyer to ensure that the repo agreement shall contain all the rights and obligations of the Repo Seller and Repo Buyer.

  • Any material adverse change in the Property, business, financial condition or operations of the Repo Seller or any of its Affiliates shall occur, in each case as determined by the Buyer in its sole good faith discretion, or any other condition shall exist which, in the Buyer’s sole good faith discretion, constitutes a material impairment of the Repo Seller’s ability to perform its obligations under this Agreement or any other Program Agreement.

  • As of each date an updated Asset Schedule and Schedule I are delivered in accordance with this Section 6.04, the Repo Seller hereby certifies, represents and warrants to the Buyer that each such updated Asset Schedule and Schedule I to each Participation Certificate are true, complete and correct in all material respects.

  • The Repo Seller will promptly provide notice of any judgment, which with the passage of time, could cause an Event of Default hereunder.

  • No such transaction shall relieve the Buyer of its obligations to transfer Purchased Assets to the Repo Seller pursuant to this Agreement.

  • The Repo Seller shall fail to comply in any material respect with the deposit and remittance requirements set forth in the related Servicing Contract, the applicable Agency Guide and any and all instruments, agreements, invoices or other writings which give rise to or otherwise evidence any of the Advance Reimbursement Rights (subject to any cure period provided therein).


More Definitions of Repo Seller

Repo Seller has the meaning assigned to such term in the preamble to this Agreement and includes its permitted successors and assigns.
Sample 1
Repo Seller means a participant of a repo transaction who sells the subject of the repo transaction at the time of the opening transaction and buys it at the time of the closing transaction;
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Repo Seller. The meaning given to it in the Margining Agreement.
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Repo Seller means a licensed intermediary or a company registered with the Commission pursuant to section 97 of the Securities Act, who sells securities for cash, for the term of a Repo transaction and commits to buy back the equivalent or same securities at maturity at a cost, usually a predetermined Repo rate. Thus the Repo Seller is the party selling securities under the first leg of the Repo transaction.
Sample 1
Repo Seller. The seller under a repurchase agreement. With respect to the PC Repurchase Agreement, the Series 0000-XX0 Xxxxxxxxxx Agreement, the Series 0000-XXXXX0 Xxxxxxxxxx Agreement and the Series 0000-XXXX0 Xxxxxxxxxx Agreement, loanDepot is the Repo Seller.
Sample 1

Related to Repo Seller

  • Seller has the meaning set forth in the preamble.

  • Buyer has the meaning set forth in the preamble.

  • Model 4 seller means a seller that is registered under the agreement and is not a model 1 seller, model 2 seller, or model 3 seller.

  • Seller Parent has the meaning set forth in the Preamble.

  • Model 1 seller means a seller registered under the agreement that has selected a certified service provider as the seller's agent to perform all of the seller's sales and use tax functions for agreement sales and use taxes other than the seller's obligation under Section 59-12-124 to remit a tax on the seller's own purchases.

  • Sellers has the meaning set forth in the preamble.

  • Seller Group means, at any time, the group of companies comprised of Xxxxx Fargo & Company and its subsidiaries at that time.

  • Retail seller means any person that sells any dangerous drug to consumers without assuming control over and responsibility for its administration. Mere advice or instructions regarding administration do not constitute control or establish responsibility.

  • the Seller means the person so described in the Order;

  • Seller Parties has the meaning set forth in the preamble to this Agreement.

  • BIDDER/Seller which expression shall mean and include, unless the context otherwise requires, his successors and permitted assigns) of the second part.

  • Seller Affiliate means any Affiliate of Seller.

  • Purchaser means the organization purchasing the goods.

  • Seller Entities means, collectively, Seller and all Seller Subsidiaries.

  • The Purchaser means the organization purchasing the Goods, as named in SCC.

  • Secondary Seller means the Seller whose Bid City selected as a back-up supplier in the event the Primary Seller is unable to provide all the Goods and/or Services required.

  • Primary Seller means the Seller whose Bid City selected as the principal supplier of the Goods and/or Services required under this Agreement.

  • Buyer Parties means Buyer, its respective Affiliates and the former, current or future equity holders and Representatives of each of the foregoing.

  • Seller Affiliates has the meaning assigned to such term in Section 2.7.1;

  • Subject Company shall have the meaning set forth in Section 6.10(a).

  • Bona fide purchaser means a purchaser of property for value who was not knowingly a party to fraud or illegality affect- ing the interest of the spouses or other parties to the transaction, does not have notice of an adverse claim by a spouse and acted in the transaction in good faith.

  • Purchaser Affiliate means any affiliate of the Purchaser, including a transferee who is an affiliate of the Purchaser, and any person who controls the Purchaser or any affiliate of the Purchaser within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act; and

  • Model 2 seller means a seller registered under the agreement that:

  • Acquired Companies means, collectively, the Company and the Company Subsidiaries.

  • Sellers’ Representative has the meaning set forth in the Preamble.

  • Seller Subsidiaries means the subsidiary partnerships of the McNeil Partnerships listed on Annex G to this Agreement (the "Subsidiary Partnerships") and the subsidiary corporations listed on Annex F to this Agreement (the "Subsidiary Corporations") which hold GP Interests in certain of the Subsidiary Partnerships.