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 14(a)(i) and (ii) (Preservation of Existence; Compliance with Law); (i) (True and Correct Information); (k) (Financial Covenants); (o) (Material Change in Business); (p) (Limitation on Dividends and Distributions); (s)(ii) (ERISA Matters); (v) (Illegal Activities); (w) (Transactions with Affiliates); or (dd) (Agency Approvals; Servicing); in each case, of this Agreement; or

Appears in 3 contracts

Samples: Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.), Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.), Master Repurchase Agreement (Home Point Capital 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 14(a)(i13(a)(i) and or (ii) (Preservation of Existence; Compliance with Law); (ij) (True and Correct InformationFinancial Condition Covenants); (k) (Financial CovenantsNo Adverse Selection); (n) (Illegal Activities); (o) (Material Change in Business); (p) (Limitation on Dividends and Distributions); (s)(iiq) (Disposition of Assets; Liens); (r) (Transactions with Affiliates); (s) (ERISA Matters); (vt) (Illegal Activities); (w) (Transactions with AffiliatesConsolidations, Mergers and Sales of Assets); or (ddcc) (Agency Approvals; Servicing); in each case, of this AgreementMatters; or

Appears in 2 contracts

Samples: Master Repurchase Agreement (Finance of America Companies Inc.), 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 14(a)(i) and (ii12(a) (Preservation of Existence; Compliance with Law); (i12(f) (True and Correct Information); (k12(h) (Financial Condition Covenants); 12(l) (oIllegal Activities); 12(m) (Material Change in Business); (p12(n) (Limitation on Dividends and Distributions); (s)(ii12(p) (ERISA MattersDisposition of Assets; Liens); (v) (Illegal Activities); (w12(q) (Transactions with Affiliates); or (dd12(r) (Agency Approvals; ServicingOrganization); in each case, of this Agreement; or

Appears in 1 contract

Samples: 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 14(a)(i) and (ii) (Preservation of Existence; Compliance with Law); (i) (True and Correct Information); (k) (Financial Covenants); (o) (Material Change in Business); (p) (Limitation on Dividends and Distributions); (s)(iiq) (Disposition of Assets); (s) (ERISA Matters); (t) (Consolidations, Mergers and Sales of Assets); (v) (Illegal Activities); or (wz) (Transactions with AffiliatesDivision of Limited Liability Company); or (dd) (Agency Approvals; Servicing); , in each case, of this Agreement; or

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

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