Common use of Certain Debt to Remain Unsecured Clause in Contracts

Certain Debt to Remain Unsecured. Except for obligations of Seller to Parent under the Parent Repurchase Agreement with respect to Mortgage Loans (other than Purchased Loans) purchased by Parent from Seller, the Seller will cause any and all obligations of the Seller to any shareholder, officer or Affiliate of the Seller, whether such debt exists as of the Effective Date or is incurred in the future, to remain at all times unsecured.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Pultegroup Inc/Mi/), Master Repurchase Agreement (Pultegroup Inc/Mi/), Master Repurchase Agreement (Pultegroup Inc/Mi/)

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Certain Debt to Remain Unsecured. Except for obligations of Seller to Parent under the Parent Pulte Repurchase Agreement with respect to Mortgage Loans (other than Purchased Loans) purchased by Parent from Seller, the Seller will cause any and all obligations of the Seller to any shareholder, officer or Affiliate of the Seller, whether such debt exists as of the Effective Date or is incurred in the future, to remain at all times unsecured.

Appears in 1 contract

Samples: Master Repurchase Agreement (Pultegroup Inc/Mi/)

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