Common use of Breach of Financial Representation or Covenant or Obligation Clause in Contracts

Breach of Financial Representation or Covenant or Obligation. A breach by Seller of any of the representations, warranties or covenants or obligations set forth in Sections 13(a)(1) (Seller Existence), 13(a)(7) (Solvency), 13(a)(12) (Material Adverse Change), 13(a)(19) (Adjusted Tangible Net Worth), 13(a)(23) (Other Indebtedness), 14(b) (Prohibition of Fundamental Changes), 14(m) (Distributions), 14(o) (Existence), 14(s) (Guarantees), 14(t) (Indebtedness), 14(x) (Agency Approvals), 14(y) (Take-out Payments), 14(z) (No Pledge), 14(aa) (Plan Assets), 14(bb) (Subordination Agreements), 14(ff) (Quality Control) or 14(gg) (Financial and Other Unique Covenants) of this Agreement.

Appears in 3 contracts

Samples: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.)

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Breach of Financial Representation or Covenant or Obligation. A breach by Seller of any of the representations, warranties or covenants or obligations set forth in Sections 13(a)(1) (Seller 13(a)(1)(Seller Existence), 13(a)(7) (Solvency13(a)(7)(Solvency), 13(a)(12) (Material 13(a)(12)(Material Adverse Change), 13(a)(19) (Adjusted 13(a)(19)(Adjusted Tangible Net Worth), 13(a)(23) (Other 13(a)(23)(Other Indebtedness), 14(b) (Prohibition 14(b)(Prohibition of Fundamental Changes), 14(m) (Distributions), 14(o) (Existence14(o)(Existence), 14(s) (Guarantees14(s)(Guarantees), 14(t) (Indebtedness14(t)(Indebtedness), 14(x) (Agency 14(x)(Agency Approvals), 14(y) (Take14(y)(Take-out Payments), 14(z) (No 14(z)(No Pledge), 14(aa14(aa)(Plan Assets) (Plan Assetsor 14(ff)(Quality Control), 14(bb) (Subordination Agreements), 14(ff) (Quality Control) or 14(gg) (Financial 14(gg)(Financial and Other Unique Covenants) of this Agreement.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

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