Common use of Escrow Imbalance Clause in Contracts

Escrow Imbalance. Seller shall, no later than ten (10) Business Days after learning of any material overdraw, deficit or imbalance in any escrow or reserve account relating to a Purchased Asset, use reasonable efforts to cause the applicable Underlying Obligor to correct and eliminate the same, including by depositing its own funds into such account.

Appears in 5 contracts

Samples: Master Repurchase and Securities Contract (Starwood Property Trust, Inc.), Master Repurchase and Securities Contract (Starwood Property Trust, Inc.), Master Repurchase and Securities Contract (Starwood Property Trust, Inc.)

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Escrow Imbalance. Seller shall, no later than ten (10) Business Days after learning of any material overdraw, deficit or imbalance in any escrow or reserve account relating to a Purchased Asset, use reasonable efforts to cause the applicable Underlying Obligor to correct and eliminate the same, including by depositing its own funds into such account.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Starwood Property Trust, Inc.), Master Repurchase Agreement (Starwood Property Trust, Inc.)

Escrow Imbalance. Seller shall, no later than ten five (105) Business Days after learning of any material overdraw, deficit or imbalance in any escrow or reserve account relating to a Purchased Asset, use commercially reasonable efforts to cause the applicable related Underlying Obligor to correct and eliminate the same, including by depositing its own funds into such account.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Granite Point Mortgage Trust Inc.), Master Repurchase Agreement (Granite Point Mortgage Trust Inc.)

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Escrow Imbalance. Seller shall, no later than ten five (105) Business Days after learning of any material overdraw, deficit or imbalance in any escrow or reserve account relating to a Purchased Asset, use reasonable efforts to cause correct and eliminate the applicable same by requesting the Underlying Obligor to correct and eliminate the same, including by depositing its own funds into such account.

Appears in 1 contract

Samples: Master Repurchase and Securities Contract (Ares Commercial Real Estate Corp)

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