Indebtedness to Adjusted Tangible Net Worth Ratio. PMC’s ratio of Indebtedness (on and off balance sheet and excluding (A) Non-Recourse Debt, including any securitization debt, and (B) any intercompany debt eliminated in consolidation) to Adjusted Tangible Net Worth has not exceeded 10:1 at any time.
Appears in 3 contracts
Samples: Repurchase Agreement (PennyMac Mortgage Investment Trust), Repurchase Agreement (PennyMac Mortgage Investment Trust), Series 2017 Vf1 Repurchase Agreement and Pricing Side Letter (PennyMac Mortgage Investment Trust)
Indebtedness to Adjusted Tangible Net Worth Ratio. PMCPMH’s ratio of Indebtedness (on and off balance sheet and excluding (A) Non-Recourse Debt, including any securitization debt, and (B) any intercompany debt eliminated in consolidation) to Adjusted Tangible Net Worth has shall not exceeded 10:1 at any timeexceed 10:1.
Appears in 1 contract
Samples: Repurchase Agreement (PennyMac Mortgage Investment Trust)
Indebtedness to Adjusted Tangible Net Worth Ratio. PMC’s ratio of Indebtedness (on and off balance sheet and excluding (A) Non-Recourse Debt, including any securitization debt, and (B) any intercompany debt eliminated in consolidation) to Adjusted Tangible Net Worth has shall not exceeded 10:1 at any timeexceed 10:1.
Appears in 1 contract
Samples: Repurchase Agreement (PennyMac Mortgage Investment Trust)
