Common use of Agency Requirements Clause in Contracts

Agency Requirements. Notice of any change in any Applicable Agency’s requirements regarding the Borrower’s minimum consolidated tangible net worth or any change in any Applicable Agency’s requirements regarding the Borrower’s consolidated liquidity or any change in any other financial covenant required by an Applicable Agency of the Borrower, in each case within three (3) Business Days after the Borrower receives notice thereof.

Appears in 3 contracts

Samples: Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.)

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Agency Requirements. Notice of any change in any Applicable Agency’s requirements regarding the Borrower’s minimum consolidated tangible net worth or any change in any Applicable Agency’s requirements regarding the Borrower’s consolidated liquidity or any change in any other financial covenant required by an Applicable Agency of the Borrower, in each case within three (3) [***] Business Days after the Borrower receives notice thereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (UWM Holdings Corp), Loan and Security Agreement (UWM Holdings Corp)

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