Common use of Immediate Breach of Representation or Covenant or Obligation Clause in Contracts

Immediate Breach of Representation or Covenant or Obligation. A breach by Seller of any of the representations, warranties or covenants or obligations set forth in Sections 3.01 (Seller and Guarantor Existence), 3.06 (Solvency), 6.02 (Prohibition of Fundamental Changes), 6.11 (Existence), 6.16 (No Pledge), or 6.17 (Plan Assets) of this Agreement.

Appears in 3 contracts

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

AutoNDA by SimpleDocs

Immediate Breach of Representation or Covenant or Obligation. A breach by Seller of any of the representations, warranties or covenants or obligations set forth in Sections 3.01 (Seller and Guarantor Existence), 3.06 3.07 (Solvency), 3.12 (Material Adverse Change), Section 3.22 (Other Indebtedness), Section 6.02 (Prohibition of Fundamental Changes), 6.11 Section 6.13 (Existence), 6.16 Section 6.17 (Guarantees), Section 6.18 (Indebtedness), Section 6.20 (No Pledge), ) or 6.17 Section 6.21 (Plan Assets) of this Agreement.

Appears in 3 contracts

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

Immediate Breach of Representation or Covenant or Obligation. A breach by any Seller Party of any of the representations, warranties or covenants or obligations set forth in Sections 3.01 (Seller and Guarantor Existence), 3.06 Section 3.07 (Solvency), Section 3.12 (Material Adverse Change), Section 3.22 (Other Indebtedness), Section 6.02 (Prohibition of Fundamental Changes), 6.11 Section 6.12 (Existence), 6.16 (No Pledge), or 6.17 Section 6.18 (Plan Assets) or Section 6.33 (Special Purpose Entity Provisions) of this Agreement.

Appears in 2 contracts

Samples: Master Repurchase Agreement (PennyMac Financial Services, Inc.), Master Repurchase Agreement (PennyMac Financial Services, Inc.)

Immediate Breach of Representation or Covenant or Obligation. A breach by any Seller Party of any of the representations, warranties or covenants or obligations set forth in Sections 3.01 (Seller and Guarantor Existence), 3.06 Section 3.07 (Solvency), Section 3.12 (Material Adverse Change), Section 3.22 (Other Indebtedness), Section 6.02 (Prohibition of Fundamental Changes), 6.11 Section 6.12 (Existence), 6.16 (No Pledge), or 6.17 Section 6.18 (Plan Assets) or Section 6.35 (Special Purpose Entity Provisions) of this Agreement.

Appears in 2 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

Immediate Breach of Representation or Covenant or Obligation. A breach by Seller of any of the representations, warranties or covenants or obligations set forth in Sections Section 3.01 (Seller and Guarantor Existence), 3.06 Section 3.07 (Solvency), Section 3.12 (Material Adverse Change), Section 3.22 (Other Indebtedness), Section 6.02 (Prohibition of Fundamental Changes), 6.11 Section 6.13 (Existence), 6.16 Section 6.20 (No Pledge), ) or 6.17 Section 6.21 (Plan Assets) of this Agreement.

Appears in 2 contracts

Samples: Repurchase Agreement (PennyMac Financial Services, Inc.), Repurchase Agreement (PennyMac Financial Services, Inc.)

Immediate Breach of Representation or Covenant or Obligation. A breach by Seller of any of the representations, warranties or covenants or obligations set forth in Sections 3.01 (Seller and Guarantor Existence), 3.06 (Solvency), 6.02 (Prohibition of Fundamental Changes), 6.11 6.14 (Existence), 6.16 6.20 (No Pledge), or 6.17 6.21 (Plan Assets) or 6.24 (No Amendments/Waivers of PMH Documents) of this Agreement.

Appears in 2 contracts

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

Immediate Breach of Representation or Covenant or Obligation. A breach by any Seller Party of any of the representations, warranties or covenants or obligations set forth in Sections 3.01 (Seller and Guarantor Existence), 3.06 Section 3.07 (Solvency), Section 3.12 (Material Adverse Change), Section 3.22 (Other Indebtedness), Section 6.02 (Prohibition of Fundamental Changes), 6.11 Section 6.12 (Existence), 6.16 (No Pledge), or 6.17 Section 6.18 (Plan Assets) or Section 6.34 (Special Purpose Entity Provisions) of this Agreement.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Financial Services, Inc.)

Immediate Breach of Representation or Covenant or Obligation. A breach by Seller of any of the representations, warranties or covenants or obligations set forth in Sections 3.01 (Seller and Guarantor Existence), 3.06 (Solvency), 6.02 (Prohibition of Fundamental Changes), 6.11 6.14 (Existence), 6.16 6.20 (No Pledge), ) or 6.17 6.21 (Plan Assets) of this Agreement.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

AutoNDA by SimpleDocs

Immediate Breach of Representation or Covenant or Obligation. A breach by any Seller of any of the representations, warranties or covenants or obligations set forth in Sections 3.01 (Seller Sellers and Guarantor Existence), 3.06 (Solvency), 6.02 (Prohibition of Fundamental Changes), 6.11 6.14 (Existence), 6.16 6.20 (No Pledge), ) or 6.17 6.21 (Plan Assets) of this Agreement.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

Immediate Breach of Representation or Covenant or Obligation. A breach by any Seller of any of the representations, warranties or covenants or obligations set forth in Sections Section 3.01 (Seller and Guarantor Existence), 3.06 Section 3.07 (Solvency), Section 3.12 (Material Adverse Change), Section 3.22 (Other Indebtedness), Section 6.02 (Prohibition of Fundamental Changes), 6.11 Section 6.13 (Existence), 6.16 Section 6.20 (No Pledge), ) or 6.17 Section 6.21 (Plan Assets) of this Agreement.

Appears in 1 contract

Samples: Repurchase Agreement (PennyMac Mortgage Investment Trust)

Immediate Breach of Representation or Covenant or Obligation. A breach by the Seller of any of the representations, warranties or covenants or obligations set forth in Sections 3.01 (Seller and Guarantor Existence), 3.06 (Solvency), 6.02 (Prohibition of Fundamental Changes), 6.11 6.14 (Existence), 6.16 6.20 (No Pledge), or 6.17 6.21 (Plan Assets) or 6.24 (No Amendments/Waivers of PMH Documents) of this Agreement.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

Immediate Breach of Representation or Covenant or Obligation. A breach by the Repo Seller of any of the representations, warranties or covenants or obligations set forth in Sections 3.01 (the Repo Seller and Guarantor Existence), 3.06 3.07 (Solvency), Section 3.21 (Other Indebtedness), Section 6.02 (Prohibition of Fundamental Changes), 6.11 Section 6.15 (Existence), 6.16 Section 6.21 (No Pledge), or 6.17 Section 6.22 (Plan Assets), Section 6.32 (Guarantees), or Section 6.33 (Indebtedness) of this Agreement.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!