Common use of Immediate Covenant Default Clause in Contracts

Immediate Covenant Default. The failure of Seller to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in any of Sections 12(a) (Preservation of Existence; Compliance with Law); 12(f) (True and Correct Information); 12

Appears in 5 contracts

Samples: Master Repurchase Agreement (Finance of America Companies Inc.), Master Repurchase Agreement (Finance of America Companies Inc.), Master Repurchase Agreement (Finance of America Companies Inc.)

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Immediate Covenant Default. The failure of Seller to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in any of Sections 12(a) (Preservation 12(a)(Preservation of Existence; Compliance with Law); 12(f) (True and Correct Information); 12

Appears in 3 contracts

Samples: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (Guild Holdings Co), Master Repurchase Agreement (loanDepot, Inc.)

Immediate Covenant Default. The failure of Seller to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in any of of: Sections 12(a) (Preservation 12(a)(Preservation of Existence; Compliance with Law); 12(f) (True h)(True and Correct Information) (subject to Section 13(b) above); 12(j)(Financial Condition Covenants); 12

Appears in 2 contracts

Samples: Master Repurchase Agreement (Home Point Capital Inc.), Master Repurchase Agreement (Home Point Capital Inc.)

Immediate Covenant Default. The failure of Seller to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in any of Sections 12(a) (Preservation of Existence[***] or [***]; Compliance with Law); 12(f) (True and Correct Information); 12or

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

Immediate Covenant Default. The failure of Seller to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in any of Sections 12(a) (Preservation of Existence; Compliance with Law12(j)(Financial Condition Covenants); 12(f) (True and Correct Information12(l)(No Adverse Selection); 1212(p)(Illegal Activities); 12(q)(Material Change in Business); 12(r)(Limitation on Dividends and Distributions) or 12(y)(Agency Approvals; Servicing); or

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

Immediate Covenant Default. The failure of Seller to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in any of Sections 12(a) (Preservation of Existence; Compliance with Law); 12(d) (Financial Reporting); 12(f) (True and Correct Information); 12

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

Immediate Covenant Default. The failure of Seller to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in any of Sections 12(a) (Preservation [***]), in each case, of Existencethis Agreement; Compliance with Law); 12(f) (True and Correct Information); 12or

Appears in 1 contract

Samples: Master Repurchase Agreement and Securities Contract (loanDepot, Inc.)

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Immediate Covenant Default. The failure of Seller to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in any of Sections 12(a14(a)(i) and (ii) (Preservation of Existence; Compliance with Law); 12(f(k) (True and Correct InformationFinancial Covenants); 12(o) (Material Change in Business); (p) (Limitation on Dividends and Distributions); (q) (Disposition of Assets); (s) (ERISA Matters); (t) 62

Appears in 1 contract

Samples: Master Repurchase Agreement and Securities Contract (loanDepot, Inc.)

Immediate Covenant Default. The failure of Seller to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in any of Sections 12(a) (Preservation of Existence; Compliance with Law); 12(f) (True and Correct Information); 12of

Appears in 1 contract

Samples: Master Repurchase Agreement (Finance of America Companies Inc.)

Immediate Covenant Default. The failure of Seller to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in any of Sections 12(a) (Preservation of Existence; Compliance with Law[***]); 12(f) (True and Correct Information); 12or

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

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