Amendment to Master Repurchase Agreement. The following definitions in Section 2 of the MRA are hereby deleted in their entirety and the following corresponding definitions are substituted therefor:
Amendment to Master Repurchase Agreement. The Master Repurchase Agreement is hereby amended as follows:
Amendment to Master Repurchase Agreement. (a) Article 2 of the Existing Repurchase Agreement is hereby amended by adding the following new defined terms in their appropriate alphabetical order:
Amendment to Master Repurchase Agreement. The Master Repurchase Agreement is hereby amended as follows: (a) The following definitions in Article 2 of the Master Repurchase Agreement are hereby deleted in their entirety and replaced with the following: “Fee Letter” shall mean the second amended and restated fee letter, dated as of September 27, 2024, from Buyer and accepted and agreed to by Seller, as same may be amended, modified and/or restated from time to time. “Stated Facility Expiration Date” shall mean September 27, 2026 (or if such day is not a Business Day, the immediately succeeding Business Day). (b) Exhibit I to the Master Repurchase Agreement is hereby deleted in its entirety and replaced with Schedule A attached hereto: 2.
Amendment to Master Repurchase Agreement. (a) Exhibit VI of the Existing Repurchase Agreement is hereby amended by adding the following new paragraph (o) at the end of the subsection thereof entitled “REPRESENTATIONS AND WARRANTIES REGARDING EACH INDIVIDUAL PURCHASED ASSET THAT IS A JUNIOR MORTGAGE LOAN (OTHER THAN A PARTICIPATION INTEREST)”, in correct alphabetical order:
Amendment to Master Repurchase Agreement. (a) The definition of “Maturity Date”, as set forth Article 2 of the Repurchase Agreement is hereby amended by (A) replacing the reference to “January 30, 2021” in the first sentence thereof with “October 6, 2022” and (B) replacing the reference to “the fourth anniversary of the First Amendment Effective Date” in the second sentence thereof with “October 6, 2023”.
Amendment to Master Repurchase Agreement. (a) The following definitions in Section 2 of the MRA are hereby deleted in their entirety and the following corresponding definitions are substituted therefor: “Facility Amount” shall mean $150,000,000. “Facility Availability Period” shall mean the twenty-four month (24) period commencing on the date of this Amendment and ending on October 14, 2018. “Fee Agreement” shall mean that certain Fee Letter (Second Amendment), dated as of October 14, 2016. “Pricing Matrix” shall mean the matrix attached to the Fee Agreement which shall be used to determine the Applicable Spread for each Purchased Loan. The Applicable Spread for each Purchased Loan shall equal the number of basis points set forth under the column heading “Applicable Spread (bps)” which corresponds to the applicable Debt Yield (Purchase Price) for such Purchased Loan as of the Purchase Date. “Purchase Price Percentage” shall mean, with respect to each Purchased Loan, the percentage determined on the related Purchase Date for such Purchased Loan (but not in excess of the maximum set forth in the Pricing Matrix) and set forth in the related Confirmation equal to the quotient obtained by dividing the Purchase Price for such Purchased Loan by the Market Value of such Purchase Loan as of such date. “Required Liquidity Amount” shall mean an amount equal to the sum of: (a) for any Purchased Loans subject to Transactions as of the date of this Amendment, the amount set forth in the right hand column below determined based upon the aggregate outstanding Purchase Price of such Purchased Loans from time to time set forth in the left hand column below: Outstanding Purchase Prices ($MM) Required Liquidity Amount ($MM) Up to 22.5 3.75 22.5 to 35 6.25 35 to 50 7.50 50 to 65 9.25 65 to 70 12.00 70 to 85 13.50 85 to 100 15.00 plus, (b) for any Purchased Loans transferred by Seller to Buyer pursuant to Transactions entered into after the date of this Amendment, the amount set forth in the right hand column below determined based upon the aggregate outstanding Purchase Price of such Purchased Loans from time to time set forth in the left hand column below: Outstanding Purchase Prices ($MM) Required Liquidity Amount ($MM) >22.5-35 4.17 >35-50 5.00 >50-65 6.17 >65-70 8.00 >70-85 9.00 >85-100 10.01 >100-115 11.67 >115-135 13.34 >135-150 15.01
Amendment to Master Repurchase Agreement. (a)The following definition in Section 2 of the MRA is hereby deleted in their entirety and the following corresponding definition is substituted therefor: “Facility Availability Period” shall mean the twenty-four month (24) period commencing on the date of this Amendment and ending on October 18, 2016. SECTION 2.
Amendment to Master Repurchase Agreement. Article 9 of the Existing Repurchase Agreement is hereby amended by deleting Articles 9(l), (m) and (n) in their entirety and inserting in lieu thereof the following:
Amendment to Master Repurchase Agreement. As of the effective date of this Amendment, the Master Repurchase Agreement is amended in its entirety in the form attached as Annex A hereto. Language being inserted into the applicable section of the Master Repurchase Agreement is evidenced on Annex A by underlined text. Language being deleted from the applicable section of the Master Repurchase Agreement is evidenced on Annex A by strike-through text.
