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 Section 2 of the Pricing Side Letter (Financial Covenants), or in Sections 3.01 (Seller Existence), 3.07 (Solvency), 3.12 (Material Adverse Change), Section 3.22 (Other Indebtedness), Section 6.02 (Prohibition of Fundamental Changes), Section 6.14 (Existence), Section 6.18 (Guarantees), Section 6.19 (Indebtedness), Section 6.21 (No Pledge) or Section 6.22 (Plan Assets) of this Agreement.

Appears in 6 contracts

Samples: Joint Omnibus Assignment, Assumption and Amendment (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.)

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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 Section 2 of the Pricing Side Letter (Financial Covenants), or in Sections 3.01 (Seller Existence), Section 3.07 (Solvency), Section 3.12 (Material Adverse Change), Section 3.22 (Other Indebtedness), Section 6.02 (Prohibition of Fundamental Changes), Section 6.14 6.13 (Existence), Section 6.18 6.17 (Guarantees), Section 6.19 6.18 (Indebtedness), Section 6.21 6.20 (No Pledge) or Section 6.22 6.21 (Plan Assets) of this Agreement.

Appears in 4 contracts

Samples: Master Repurchase Agreement (PennyMac Financial Services, Inc.), 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 Seller of any of the representations, warranties or covenants or obligations set forth in Section 2 of the Pricing Side Letter (Financial Covenants), or in Sections 3.01 (Seller Existence), 3.07 (Solvency), 3.12 (Material Adverse Change), Section 3.22 (Other Indebtedness), Section 3.34 (Sanctions Compliance), Section 6.02 (Prohibition of Fundamental Changes), Section 6.14 6.05 (Assignment), Section 6.13 (Existence), Section 6.18 6.17 (Guarantees), Section 6.19 (Indebtedness), Section 6.21 6.20 (No Pledge) or Section 6.22 6.21 (Plan Assets) 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 Seller of any of the representations, warranties or covenants or obligations set forth in Section 2 of the Pricing Side Letter (Financial Covenants), or in Sections 3.01 (Seller Existence), 3.07 (Solvency), 3.12 (Material Adverse Change), Section 3.22 (Other Indebtedness), Section 3.26 (Anti-Terrorism; OFAC), Section 6.02 (Prohibition of Fundamental Changes), Section 6.05 (Assignment), Section 6.14 (Existence), Section 6.18 (Guarantees; Gxxxxx Mxx Approvals), Section 6.19 (IndebtednessNo Pledge), Section 6.21 (No Pledge) or Section 6.22 6.20 (Plan Assets) of this Agreement.

Appears in 2 contracts

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

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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 Section 2 of the Pricing Side Letter (Financial Covenants), or in Sections 3.01 (Seller Existence), Section 3.07 (Solvency), Section 3.12 (Material Adverse Change), Section 3.22 (Other Indebtedness), Section 6.02 (Prohibition of Fundamental Changes), Section 6.14 6.13 (Existence), Section 6.18 6.17 (Guarantees), Section 6.19 6.18 (Indebtedness), Section 6.21 6.20 (No Pledge) or Section 6.22 6.21 (Plan Assets) of this Agreement.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

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