Common use of Fidelity Bonds Clause in Contracts

Fidelity Bonds. Seller has purchased fidelity bonds and policies of insurance, all of which are in full force and effect, insuring Seller, Buyer and the successors and assigns of Buyer in the greater of (a) Five Hundred Thousand Dollars ($500,000) and (b) the amount required by the Approved Takeout Investors, against loss or damage from any breach of fidelity by Seller or any officer, director, employee or agent of Seller, and against any loss or damage from loss or destruction of documents, fraud, theft or misappropriation, or errors or omissions.

Appears in 2 contracts

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

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Fidelity Bonds. Seller has purchased fidelity bonds and policies of insurance, all of which are in full force and effect, insuring Seller, Buyer and the successors and assigns of Buyer in the greater of (a) Five Hundred Thousand Dollars ($500,000) and , (b) the amount required by the Approved Takeout InvestorsInvestor and (c) the amount required by any other Takeout Guidelines, against loss or damage from any breach of fidelity by Seller or any officer, director, employee or agent of Seller, and against any loss or damage from loss or destruction of documents, fraud, theft or theft, misappropriation, or errors or omissions.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Ryland Group Inc), Master Repurchase Agreement (Tree.com, Inc.)

Fidelity Bonds. Seller has purchased fidelity bonds and policies of insurancebonds, all of which are in full force and effect, insuring Seller, Buyer Administrative Agent (as agent and the representative of Buyers) and their successors and assigns of Buyer in the greater of (a) Five Hundred Thousand Dollars ($500,000) and (b) the amount required by the Approved Takeout Investorsapplicable Agency Guidelines, against loss or damage from any breach of fidelity by Seller or any officer, director, employee or agent of Seller, and against any loss or damage from loss or destruction of documents, fraud, theft or misappropriation, or errors or omissions.

Appears in 2 contracts

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

Fidelity Bonds. Seller has purchased fidelity bonds and policies of insurance, all of which are in full force and effect, insuring Seller, Buyer and the successors and assigns of Buyer in the greater greatest of (a) Five Hundred Thousand Dollars ($500,000) and [***], (b) the amount required by the Approved Takeout InvestorsInvestor and (c) the amount required by any other Takeout Guidelines, against loss or damage from any breach of fidelity by Seller or any officer, director, employee or agent of Seller, and against any loss or damage from loss or destruction of documents, fraud, theft or misappropriation, or errors or omissions.

Appears in 1 contract

Samples: Master Repurchase Agreement (Guild Holdings Co)

Fidelity Bonds. Seller has purchased fidelity bonds and policies of insurance, all of which are in full force and effect, insuring Seller, Buyer and the successors and assigns of Buyer in the greater of (a) Five Hundred Thousand Dollars ($500,000) and , (b) the that amount required by the Approved Takeout InvestorsInvestor, and (c) that amount required by any other Takeout Guidelines, against loss or damage from any breach of fidelity by Seller or any officer, director, employee or agent of Seller, and against any loss or damage from loss or destruction of documents, fraud, theft or theft, misappropriation, or errors or omissions.

Appears in 1 contract

Samples: Mortgage Loan Repurchase Agreement (Sirva Inc)

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Fidelity Bonds. Seller has purchased fidelity bonds and policies of insurance, all of which are in full force and effect, insuring Seller, Buyer Xxxxx and the successors and assigns of Buyer in the greater greatest of (a) Five Hundred Thousand Dollars ($500,000) and [ ], (b) the amount required by the Approved Takeout InvestorsInvestor and (c) the amount required by any other Takeout Guidelines, against loss or damage from any breach of fidelity by Seller or any officer, director, employee or agent of Seller, and against any loss or damage from loss or destruction of documents, fraud, theft or misappropriation, or errors or omissions.

Appears in 1 contract

Samples: Master Repurchase Agreement (Altisource Asset Management Corp)

Fidelity Bonds. Seller has purchased fidelity bonds and policies of insurance, all of which are in full force and effect, insuring Seller, Buyer Administrative Agent (as agent and the representative of Buyers) and their successors and assigns of Buyer in the greater of greatest of (a) Five Hundred Thousand Dollars ($500,000) and , (b) the amount required by the Approved Takeout InvestorsInvestor and (c) the amount required by any other Takeout Guidelines, against loss or damage from any breach of fidelity by Seller or any officer, director, employee or agent of Seller, and against any loss or damage from loss or destruction of documents, fraud, theft or theft, misappropriation, or errors or omissions.

Appears in 1 contract

Samples: Master Repurchase Agreement (Lennar Corp /New/)

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