Common use of Administrative Agent’s Discretion Clause in Contracts

Administrative Agent’s Discretion. Administrative Agent’s election not to make a Margin Call at any time there is a Margin Deficit shall not in any way limit or impair its right to make a Margin Call at any time a Margin Deficit exists.

Appears in 3 contracts

Samples: Master Repurchase Agreement (EXP World Holdings, Inc.), Master Repurchase Agreement (Altisource Asset Management Corp), Master Repurchase Agreement (Pennymac Financial Services, Inc.)

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Administrative Agent’s Discretion. The Administrative Agent’s election election, in its sole and absolute discretion, not to make a Margin Call at any time there is a Margin Deficit in excess of the Threshold Amount shall not in any way limit or impair its right to make a Margin Call at any time a Margin Deficit in excess of the Threshold Amount exists.

Appears in 1 contract

Samples: Master Repurchase Agreement (American Home Mortgage Investment Corp)

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