Financial Representations and Warranties. (A) Seller’s Adjusted Tangible Net Worth is greater than or equal to $90,000,000; (B) Seller’s unrestricted cash and Cash Equivalents are greater than or equal to $20,000,000; (C) [reserved]; (D) the ratio of Seller’s Total Indebtedness to Adjusted Tangible Net Worth is less than 10:1; and (E) Seller’s consolidated Net Income was equal to or greater than $1.00 for the previous calendar quarter.”
Appears in 1 contract
Samples: Master Repurchase Agreement (Pennymac Financial Services, Inc.)
Financial Representations and Warranties. (A) Seller’s Adjusted Tangible Net Worth is greater than or equal to $90,000,000170,000,000; (B) Seller’s unrestricted cash and Cash Equivalents are is greater than or equal to $20,000,000; (C) [reserved]; (D) the ratio of Seller’s Total Indebtedness Indebtedness, to Adjusted Tangible Net Worth is less than 10:1; and (ED) Seller’s consolidated Net Income was equal to or greater than $1.00 for at least one (1) of the previous two (2) calendar quarterquarters.”
Appears in 1 contract
Samples: Master Repurchase Agreement (Pennymac Financial Services, Inc.)
Financial Representations and Warranties. (A) Seller’s Adjusted Tangible Net Worth is greater than or equal to $90,000,00055,000,000; (B) Seller’s unrestricted cash and Cash Equivalents are Liquidity is greater than or equal to $20,000,0005,000,000; and (C) [reserved]; (D) the ratio of Seller’s Total Indebtedness to Adjusted Tangible Net Worth is less than 10:1; and (E) Seller’s consolidated Net Income was equal to or greater than $1.00 for the previous calendar quarter6:1.”
Appears in 1 contract
Samples: Master Repurchase Agreement (Velocity Financial, LLC)
Financial Representations and Warranties. (A) Seller’s Adjusted Tangible Net Worth is greater than or equal to $90,000,000170,000,000; (B) Seller’s unrestricted cash and Cash Equivalents are is greater than or equal to $20,000,000; (C) [reserved]; (D) the ratio of Seller’s Total Indebtedness Indebtedness, to Adjusted Tangible Net Worth is less than 10:1; and (ED) Seller’s consolidated Net Income was equal to or greater than $1.00 for the previous calendar quarter.”"
Appears in 1 contract
Samples: Master Repurchase Agreement (Pennymac Financial Services, Inc.)