Common use of Additional Representation Clause in Contracts

Additional Representation. With respect to each Purchased Asset, the related Seller hereby makes all of the applicable representations and warranties set forth in each Confirmation to which such Purchased Asset is or has been subject, in each case as of the related Purchase Date, and the related Seller understands that if the substance of any such representation or warranty ceases to be true because of events occurring after such date, the Market Value could be adversely affected.

Appears in 6 contracts

Samples: Master Repurchase Agreement (Novastar Financial Inc), Repurchase Agreement (Novastar Financial Inc), Master Repurchase Agreement (Novastar Financial Inc)

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Additional Representation. With respect to each Purchased Asset, the related Seller hereby makes all of the applicable representations and warranties set forth in each Confirmation to which such Purchased Asset is or has been subject, in each case as of the related Purchase Date, and the related Seller understands that if the substance of any such representation or warranty ceases to be true because of events occurring after such date, the Market Value could be adversely affected.

Appears in 2 contracts

Samples: Master Repurchase Agreement (ECC Capital CORP), Master Repurchase Agreement (Novastar Financial Inc)

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Additional Representation. With respect to each Purchased Asset, the related Seller hereby makes all of the applicable representations and warranties set forth in each Confirmation Transaction Notice to which such Purchased Asset is or has been subject, in each case as of the related Purchase Date, and the related such Seller understands that if the substance of any such representation or warranty ceases to be true because of events occurring after such date, the Market Value could of such Purchased Asset will. be materially and adversely affected.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

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