Common use of Failure to Pay Purchase Price Differential Clause in Contracts

Failure to Pay Purchase Price Differential. Purchaser shall fail to receive on any Remittance Date the accrued and unpaid Purchase Price Differential; provided, however, no more than two (2) times during any twelve (12) month period Seller may cure such failure within two (2) Business Days if such failure arose solely by reason of an error or omission of an administrative or operational nature and funds were available to Seller to make such payment when due.

Appears in 5 contracts

Samples: Master Repurchase Agreement (Cim Real Estate Finance Trust, Inc.), Master Repurchase Agreement (Cim Real Estate Finance Trust, Inc.), Master Repurchase Agreement (Cim Real Estate Finance Trust, Inc.)

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Failure to Pay Purchase Price Differential. Purchaser shall fail to receive on any Remittance Date the accrued and unpaid Purchase Price Differential; provided, however, no more than two (2) times during any twelve (12) month period Seller may cure such failure within two one (21) Business Days Day if such failure arose solely by reason of an error or omission of an administrative or operational nature and funds were available to Seller to enable it to make such payment when due.

Appears in 3 contracts

Samples: Master Repurchase Agreement (TPG RE Finance Trust, Inc.), Master Repurchase Agreement (Benefit Street Partners Realty Trust, Inc.), Master Repurchase Agreement (Colony NorthStar Credit Real Estate, Inc.)

Failure to Pay Purchase Price Differential. Purchaser shall fail to receive on any Remittance Date the accrued and unpaid Purchase Price Differential; provided, however, no more than two one (21) times time during any twelve three (123) month period Seller may cure such failure within two one (21) Business Days Day of the applicable date when such payment was due if such failure arose solely by reason of an error or omission of an administrative or operational nature and funds were available to Seller to enable it to make such payment when due.

Appears in 2 contracts

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

Failure to Pay Purchase Price Differential. Purchaser Purchasers shall fail to receive on any Remittance Date the accrued and unpaid Purchase Price DifferentialDifferential for the related Pricing Rate Period ending immediately prior to that Remittance Date; provided, however, no more than two (2) times during any twelve (12) month period Seller Sellers may cure such failure within two one (21) Business Days Day if such failure arose solely by reason of an error or omission of an administrative or operational nature and funds were available to Seller Sellers to enable it to make such payment when due.

Appears in 1 contract

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

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Failure to Pay Purchase Price Differential. Purchaser Purchasers shall fail to receive on any Remittance Date the accrued and unpaid Purchase Price Differential; provided, however, no more than two (2) times during any twelve (12) month period Seller Sellers may 77 cure such failure within two one (21) Business Days Day if such failure arose solely by reason of an error or omission of an administrative or operational nature and funds were available to Seller Sellers to enable it to make such payment when due.

Appears in 1 contract

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

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