Common use of Haircut Clause in Contracts

Haircut. With respect to each Transaction, Seller shall ensure that there are sufficient funds on deposit in the Wire-out Account such that following the withdrawal of the Haircut related to such Transaction by the Wire-out Agent, the balance of the Wire-out Account is equal to or greater than $0.00.

Appears in 4 contracts

Samples: Master Repurchase Agreement (Caliber Home Loans, Inc.), Master Repurchase Agreement (Caliber Home Loans, Inc.), Master Repurchase Agreement (Pennymac Financial Services, Inc.)

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Haircut. With respect to each Transaction, Seller shall ensure that there are sufficient funds on deposit in the Wire-out Account such that following the withdrawal of the Haircut related to such Transaction by the Wire-out Disbursement Agent, the balance of the Wire-out Account is equal to or greater than $0.00.

Appears in 1 contract

Samples: Master Repurchase Agreement (UWM Holdings Corp)

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