Eligible Xxxxxx Mae Tail HMBS Sample Clauses

Eligible Xxxxxx Mae Tail HMBS. Such Xxxxxx Xxx Tail HMBS is an Eligible Xxxxxx Mae Tail HMBS. Barclays Bank PLC 000 Xxxxxxx Xxxxxx, 0xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attention: Xxxxx Xxxxxxx Re: Amended and Restated Master Repurchase Agreement, dated February __, 2019, by and among Barclays Bank PLC, as Agent (as defined therein) and as purchaser, Nomura Corporate Funding Americas, LLC, as purchaser (and, together with Barclays Bank PLC in such capacity, “Purchasers”), Reverse Mortgage Solutions, Inc. (“RMS” or “Seller”) and RMS REO BRC II, LLC (the “REO Subsidiary”) Ladies/Gentlemen: Reference is made to the above-referenced Amended and Restated Master Repurchase Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “Repurchase Agreement”; capitalized terms used but not otherwise defined herein have the meanings given them in the Repurchase Agreement). In accordance with Section ‎3(c) of the Repurchase Agreement, the undersigned Seller hereby requests, and the undersigned Agent for the benefit of Purchasers agrees, to enter into a Transaction in connection with our delivery of Eligible Assets and all related Servicing Rights, if applicable, on ____________________ [insert requested Purchase Date, which must be at least one (1) Business Day following the date of the request] (the “Purchase Date”), in connection with which we shall sell to you such Eligible Assets on the Seller Mortgage Loan Schedule attached hereto. The Principal Balance of the Eligible Assets is $________ and the Purchase Price to be paid by Agent for the benefit of Purchasers for such Eligible Assets shall be ______ [insert applicable Purchase Price]. Agent for the benefit of Purchasers shall transfer to the Seller an amount equal to $ _______ [insert amount which represents the Purchase Price of the Eligible Assets net of any related Commitment Fee or any other fees then due and payable by Seller to Agent for the benefit of Purchasers pursuant to the Repurchase Agreement]. Seller agrees to repurchase such Purchased Asset on the Repurchase Date(s) at the Repurchase Price(s) set forth in the spreadsheet attached hereto as Schedule 1. The Eligible Mortgage Loans have the characteristics on the electronic file or computer tape or disc delivered by Seller to Agent for the benefit of Purchasers with respect thereto in connection with this Transaction Notice. The Seller hereby certifies, as of such Purchase Date, that: (1) no Default or Event of Default has occurred and is continuing on...