Common use of Margin Deficit Clause in Contracts

Margin Deficit. If at any time the sum of the Margin Amounts of all Purchased Mortgage Loans at that time is less than the Aggregate Purchase Price (a “Margin Deficit”), then Buyer, by notice to Seller, may require Seller to transfer to Buyer, at Buyer’s option, either (x) cash to be applied by Buyer to the payment of the Repurchase Prices of the Purchased Mortgage Loans that are subject to the related Transactions, (y) additional Eligible Mortgage Loans reasonably acceptable to Buyer (“Additional Purchased Mortgage Loans”) or (z) a combination, as determined by Buyer, of cash and Additional Purchased Mortgage Loans, so that, immediately after such transfer(s), the sum of (i) such cash, if any, so transferred to Buyer plus (ii) the aggregate of the Margin Amounts of all Purchased Mortgage Loans for all Transactions outstanding at that time, including any such Additional Purchased Mortgage Loans, will be at least equal to the Aggregate Purchase Price at that time.

Margin Deficit. (a) The Administrative Agent will recalculate the Purchase Value of all Purchased Loans on any date that the Market Value of Purchased Loans is calculated by the Administrative Agent as described in Section 6.6 and at any other time the Administrative Agent elects to do so. If at any time the sum of the Margin Amounts aggregate Purchase Value of all Purchased Mortgage Loans at that time subject to all Transactions hereunder is less than the Aggregate Purchase aggregate Repurchase Price (excluding Price Differential minus cash transfers previously made from Seller to the Administrative Agent in response to previous Margin Calls, if any) for all such Transactions (a “Margin Deficit”), then Buyer, by notice to Sellerthe Seller (a “Margin Call”), may the Administrative Agent shall, require the Seller to transfer (for the account of the Buyers) to Buyerthe Administrative Agent or the Custodian, as appropriate either (at Buyerthe Seller’s option, either (x) cash to be applied by Buyer to the payment of the Repurchase Prices of the Purchased Mortgage Loans that are subject to the related Transactions, (y) or additional Eligible Mortgage Loans reasonably acceptable to Buyer the Administrative Agent (“Additional Purchased Mortgage Loans”) ), or (z) a combination, as determined by Buyer, combination of cash and Additional Purchased Mortgage Loans, so that, immediately after such transfer(s), that the sum of (i) such cash, if any, so transferred to Buyer plus (ii) cash and the aggregate Purchase Value of the Margin Amounts of all Purchased Mortgage Loans for all Transactions outstanding at that timeLoans, including any such Additional Purchased Mortgage Loans, will be thereupon at least equal to the Aggregate Purchase then aggregate Repurchase Price at that time(excluding Price Differential).

Margin Deficit. If at any time the sum of the Margin Amounts of all Purchased Mortgage Loans at that time then subject to Transactions is less than the Aggregate Purchase Price sum of their Repurchase Prices, a margin deficit (a “Margin Deficit”), then ) will exist and Buyer, by notice to SellerSeller (a “Margin Call”), may require Seller to transfer to Buyer, at Buyer’s option, either Buyer (x) cash to be applied by Buyer to the payment of the Repurchase Prices of the Purchased Mortgage Loans that are subject to the related Transactionscash, or (y) if Buyer is willing to accept them in lieu of cash, additional Eligible Mortgage Loans reasonably acceptable to Buyer (“Additional Purchased Mortgage Loans”) ), or (z) a combination, as determined by to the extent (if any) acceptable to Buyer, of cash and Additional Purchased Mortgage Loans, so that, that immediately after such transfer(s), ) the sum of (i) such cash, if any, so transferred to Buyer plus (ii) the aggregate of the Margin Amounts of all Purchased Mortgage Loans for all Transactions outstanding at that time, including any such Additional Purchased Mortgage Loans, will be at least equal to the Aggregate Purchase Price at that timesum of the Repurchase Prices of all Purchased Mortgage Loans then subject to outstanding Transactions.

Margin Deficit. If at any time the sum of the Margin Amounts of all Purchased Mortgage Loans at that time is less than the Aggregate Purchase Price (a “Margin Deficit”), then Buyer, by notice to SellerSeller (a “Margin Call”), may require Seller to transfer to Buyer, at Buyer’s option, either (x) cash to be applied by Buyer to the payment of the Repurchase Prices of the Purchased Mortgage Loans that are subject to the related Transactions, (y) additional Eligible Mortgage Loans reasonably acceptable to Buyer (“Additional Purchased Mortgage Loans”) or (z) a combination, as determined by Buyer, of cash and Additional Purchased Mortgage Loans, so that, immediately after such transfer(s), the sum of (i) such cash, if any, so transferred to Buyer plus (ii) the aggregate of the Margin Amounts of all Purchased Mortgage Loans for all Transactions outstanding at that time, including any such Additional Purchased Mortgage Loans, will be at least equal to the Aggregate Purchase Price at that time.. (b)

Margin Deficit. If at any time the sum of the Margin Amounts of all Purchased Mortgage Loans at that time is less than the Aggregate Purchase Price (a “Margin Deficit”), then Buyer, by notice to SellerSeller (a “Margin Call”), may require Seller to transfer to Buyer, at Buyer’s option, either (x) cash to be applied by Buyer to the payment of the Repurchase Prices of the Purchased Mortgage Loans that are subject to the related Transactions, (y) additional Eligible Mortgage Loans reasonably acceptable to Buyer (“Additional Purchased Mortgage Loans”) or (z) a combination, as determined by Buyer, of cash and Additional Purchased Mortgage Loans, so that, immediately after such transfer(s), the sum of (i) such cash, if any, so transferred to Buyer plus (ii) the aggregate of the Margin Amounts of all Purchased Mortgage Loans for all Transactions outstanding at that time, including any such Additional Purchased Mortgage Loans, will be at least equal to the Aggregate Purchase Price at that time.

Margin Deficit. If at any time the sum of the Margin Amounts of all Purchased Mortgage Loans at that time is less than the Aggregate Purchase Price (a “Margin Deficit”), then Buyer, by notice to Sellerany Seller (a “Margin Call”), may require Seller Sellers to transfer to Buyer, at Buyer’s option, either Buyer (x) cash to be applied by Buyer to the payment of reduce the Repurchase Prices of the Purchased Mortgage Loans that are then subject to the related Transactions, outstanding Transactions or (y) if Buyer is willing to accept them in lieu of cash, additional Eligible Mortgage Loans reasonably acceptable to Buyer (“Additional Purchased Mortgage Loans”) or (z) a combination, as determined by to the extent (if any) acceptable to Buyer, of cash and Additional Purchased Mortgage Loans, so that, that immediately after such transfer(s), ) the sum of (i) such cash, if any, so transferred to Buyer plus (ii) the aggregate of the Margin Amounts of all Purchased Mortgage Loans for all Transactions outstanding at that time, including any such Additional Purchased Mortgage Loans, will be at least equal to the Aggregate Purchase Price at that time.

Margin Deficit. If at any time the sum of the Margin Amounts of all Purchased Mortgage Loans at that time then subject to Transactions is less than the Aggregate Purchase Price sum of their Repurchase Prices, a margin deficit (a “Margin Deficit”), then ) will exist and Buyer, by notice to SellerSellers (a “Margin Call”), may require Seller Sellers to transfer to Buyer, at Buyer’s option, either Buyer (x) cash to be applied by Buyer to the payment of the Repurchase Prices of the Purchased Mortgage Loans that are subject to the related Transactionscash, or (y) if Buyer is willing to accept them in lieu of cash, additional Eligible Mortgage Loans reasonably acceptable to Buyer (“Additional Purchased Mortgage Loans”) ), or (z) a combination, as determined by to the extent (if any) acceptable to Buyer, of cash and Additional Purchased Mortgage Loans, so that, that immediately after such transfer(s), ) the sum of (i) such cash, if any, so transferred to Buyer plus (ii) the aggregate of the Margin Amounts of all Purchased Mortgage Loans for all Transactions outstanding at that time, including any such Additional Purchased Mortgage Loans, will be at least equal to the Aggregate Purchase Price at that timesum of the Repurchase Prices of all Purchased Mortgage Loans then subject to outstanding Transactions.