Common use of Immediate Covenant Default Clause in Contracts

Immediate Covenant Default. The failure of a Seller Party 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); (f) (True and Correct Information.); (h) (

Appears in 2 contracts

Samples: Master Repurchase Agreement (M I Homes Inc), Master Repurchase Agreement (M I Homes Inc)

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Immediate Covenant Default. The failure of a Seller Party to perform, comply with or observe any term, covenant or agreement applicable to Seller Party, in any material respect, contained in any of Sections 12(a) (Preservation of Existence; Compliance with Law)) only to the extent relating to maintenance of existence; (fg) (True and Correct Information.ERISA Events); (h) (Financial Condition Covenants); (m) (Illegal Activities.); (n) (Material Change in Business); (o) (

Appears in 1 contract

Samples: Master Repurchase Agreement (Rocket Companies, Inc.)

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

Appears in 1 contract

Samples: Master Repurchase Agreement (Impac Mortgage Holdings Inc)

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

Appears in 1 contract

Samples: Master Repurchase Agreement (RMR Mortgage Trust)

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