Common use of Financial Representations and Warranties Clause in Contracts

Financial Representations and Warranties. (i) (A) the ratio of PennyMac’s Total Indebtedness to its Adjusted Tangible Net Worth is not greater than 10:1; (B) the combined Liquidity of PennyMac and PMAC Holdings is not less than $25,000,000; and (C) PennyMac’s Adjusted Tangible Net Worth is greater than or equal to $140,000,000.

Financial Representations and Warranties. (i) (A) the ratio of PennyMac’s Total Indebtedness to its Adjusted Tangible Net Worth is not greater than 10:1; (B) the combined Liquidity of PennyMac and PMAC PMIT Holdings is not less than $25,000,000; (C) PennyMac’s consolidated net income has been equal to or greater than $1.00 for at least one (1) of the previous two (2) consecutive fiscal quarters, as of the end of the last fiscal quarter; and (CD) PennyMac’s Adjusted Tangible Net Worth is greater than or equal to $140,000,000.

Financial Representations and Warranties. (i) (A) the ratio of PennyMac’s ratio of Total Indebtedness to its Adjusted Tangible Net Worth is not greater than 10:1; (B) the combined Liquidity of PennyMac and PMAC Holdings on a consolidated basis is not less than $25,000,00025,000,000 as of the last day of the prior calendar month; and (C) PennyMac’s Adjusted Tangible Net Worth is greater than or equal to $140,000,000150,000,000.

Financial Representations and Warranties. (i) (A) the ratio of PennyMac’s Total Indebtedness Indebtedness, to its Adjusted Tangible Net Worth is not greater than 10:1; , (B) the combined Liquidity of PennyMac and PMAC PMIT Holdings is not less than $25,000,000; 7,500,000, and (C) PennyMac’s Adjusted Tangible Net Worth is consolidated net income has been equal to or greater than or equal to $140,000,0001.00 for at least one (1) of the previous two (2) consecutive fiscal quarters, as of the end of the last fiscal quarter.

Financial Representations and Warranties. (i) (A) the ratio of PennyMac’s Total Indebtedness to its Adjusted Tangible Net Worth is not greater than 10:112:1; (B) the combined Liquidity of PennyMac and PMAC Holdings is not less than $25,000,000; and (C) PennyMac’s Adjusted Tangible Net Worth is greater than or equal to $140,000,000.