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Common use of Dedicated Account Clause in Contracts

Dedicated Account. Except as permitted under Section 6.12(b), the Seller or any other Person shall have withdrawn any amounts on deposit in the Dedicated Account without the consent of the Buyer (at the written direction of the Indenture Trustee on behalf of the Noteholders) other than funds deposited or withdrawn in error.

Appears in 2 contracts

Samples: Master Repurchase Agreement (PennyMac Financial Services, Inc.), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

Dedicated Account. Except as permitted under Section 6.12(b), the Seller or any other Person shall have withdrawn any amounts on deposit in the Dedicated Account without the consent of the Buyer (at the written direction of the Indenture Trustee on behalf of the Noteholders) other than funds deposited or withdrawn in error.

Appears in 2 contracts

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

Dedicated Account. Except as permitted under Section 6.12(b), the Seller or any other Person shall have withdrawn any amounts on deposit in the Dedicated Account without the consent of the Buyer (at the written direction of the Indenture Trustee on behalf of the Noteholders) other than funds deposited or withdrawn in error.

Appears in 2 contracts

Samples: Master Repurchase Agreement (PennyMac Financial Services, Inc.), Master Repurchase Agreement (Pennymac Financial Services, Inc.)

Dedicated Account. Except as permitted under Section 6.12(b), the Seller or any other Person shall have withdrawn any amounts on deposit in the Dedicated Account without the consent of the Buyer (at the written direction of the Indenture Trustee on behalf of the Noteholders) Administrative Agent other than funds that do not constitute collections or recoveries of Receivables and funds deposited or withdrawn in error.

Appears in 1 contract

Samples: Master Repurchase Agreement (Rocket Companies, Inc.)

Dedicated Account. Except as permitted under Section 6.12(b), the any Seller or any other Person shall have withdrawn any amounts on deposit in the Dedicated Account without the consent of the Buyer Buyers (at the written direction of the Indenture Trustee on behalf of the Noteholders) other than funds deposited or withdrawn in error.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)