Indebtedness to Adjusted Tangible Net Worth Ratio. Seller’s ratio of Indebtedness (excluding (A) Non-Recourse Debt, including any securitization debt, and (B) any intercompany debt eliminated in consolidation) to Adjusted Tangible Net Worth shall not exceed 10:1.
Appears in 4 contracts
Samples: Repurchase Agreement (PennyMac Financial Services, Inc.), Master Repurchase Agreement (PennyMac Financial Services, Inc.), Master Repurchase Agreement (Pennymac Financial Services, Inc.)
Indebtedness to Adjusted Tangible Net Worth Ratio. The Seller’s ratio of Indebtedness (excluding (A) Non-Recourse Debt, including any securitization debt, and (B) any intercompany debt eliminated in consolidation) to Adjusted Tangible Net Worth shall not exceed 10:1.
Appears in 1 contract
Samples: Master Repurchase Agreement (PennyMac Financial Services, Inc.)
Indebtedness to Adjusted Tangible Net Worth Ratio. SellerThe Borrower’s ratio of Indebtedness (excluding (A) Non-Recourse Debt, including any securitization debt, and (B) any intercompany debt eliminated in consolidation) to Adjusted Tangible Net Worth shall not exceed 10:1.
Appears in 1 contract
Samples: Loan and Security Agreement (Pennymac Financial Services, Inc.)
Indebtedness to Adjusted Tangible Net Worth Ratio. Seller’s 's ratio (i) of the sum (without duplication) of the Seller's Indebtedness and the aggregate outstanding Purchase Price of the Purchased Mortgage Loans under this Agreement to (excluding (Aii) Non-Recourse Debt, including any securitization debt, and (B) any intercompany debt eliminated in consolidation) to Adjusted Tangible Net Worth shall not exceed 10:120:1.
Appears in 1 contract
Samples: Master Repurchase Agreement (Oak Street Financial Services Inc)
