Examples of Final Repurchase Date in a sentence
Seller hereby promises to pay to Buyer, Price Differential on the unpaid Repurchase Price of each Transaction for the period from and including the Purchase Date of such Transaction to but excluding the Final Repurchase Date of such Transaction; provided, that in no event shall the Pricing Rate used to calculate the Price Differential exceed the maximum rate permitted by law.
From time to time, until the Final Repurchase Date applicable to each type of Loan (as hereinafter defined), the Buyer agrees, subject to the terms and conditions hereof, to enter into transactions upon the request of a Seller in which such Seller agrees to transfer to Buyer certain Loans against the transfer of funds by Buyer, with a simultaneous agreement by Buyer to transfer to such Seller such Loans at a date specified in the Confirmation, against the transfer of funds by Buyer.
This Agreement shall terminate upon the earlier of (i) the Final Repurchase Date and (ii) written notice from either Seller to Buyer to such effect, except that this Agreement shall, notwithstanding the above clause, remain applicable to any Transaction then outstanding and provided however, that as a condition precedent to any termination by any Seller, the Exit Fee required pursuant to Section 3(j)(4) hereof shall be paid by such Seller to Buyer.
In the event that there is a material adverse change or other development in the repurchase markets which result in the Buyer being unable to finance its position through the repurchase market with its traditional repurchase counterparties, Buyer may accelerate the Final Repurchase Date of one or more, or all, of any Loan or Loans and/or types of Purchased Loans to the date of such occurrence.
Buyer shall forward to the related Seller a revised Confirmation by Electronic Transmission notifying such Seller as to any changes made by Buyer in the Repurchase Date or Final Repurchase Date pursuant to the terms hereof.