Guarantor Breach. A breach by any VFN Guarantor of any material representation, warranty or covenant set forth in the VFN Guaranty or any other Program Agreement, any “event of default” by any VFN Guarantor under the VFN Guaranty, any repudiation of the VFN Guaranty by any VFN Guarantor, or if the VFN Guaranty is not enforceable against any VFN Guarantor.
Appears in 2 contracts
Samples: Master Repurchase Agreement (PennyMac Financial Services, Inc.), Master Repurchase Agreement (PennyMac Financial Services, Inc.)
Guarantor Breach. A breach by any VFN Guarantor of any material representation, warranty or covenant set forth in the VFN Repo Guaranty or any other Program Agreement, any “event of default” by any VFN Guarantor under the VFN Repo Guaranty, any repudiation of the VFN Repo Guaranty by any VFN Guarantor, or if the VFN Repo Guaranty is not enforceable against any VFN Guarantor.
Appears in 2 contracts
Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)
Guarantor Breach. A breach by any VFN Guarantor of any material representation, warranty or covenant set forth in the VFN Repo Guaranty or any other Program Agreement, any “event of default” by any VFN Guarantor under the VFN Repo Guaranty, any repudiation of the VFN Repo Guaranty by any VFN Guarantor, or if the VFN Repo Guaranty is not enforceable against any VFN Guarantor.
Appears in 1 contract
Samples: Master Repurchase Agreement (PennyMac Financial Services, Inc.)
