Initiation Termination Sample Clauses
Initiation Termination. 40 3.1. Seller Request; Agent Confirmation ............................................................................. 40 3.2. Request/Confirmation ................................................................................................... 40 3.3. Transaction Termination; Purchase Price Decrease ..................................................... 41 3.4. Place for Payments of Repurchase Prices ..................................................................... 41 3.5. Withdrawals from and Credits to Operating Account .................................................. 42 3.6. [Reserved] ..................................................................................................................... 42 3.7. Disbursements from Repurchase Settlement Account .................................................. 42 3.8. Delivery of Additional Mortgage Loans ....................................................................... 42 3.9. Application of Purchase Price Decreases ..................................................................... 43 3.10.
Initiation Termination. Section 3 of the Existing Repurchase Agreement is hereby amended by deleting subsection (e) in its entirety and replacing it with the following:
Initiation Termination. Section 3 of the Existing Repurchase Agreement is hereby amended by adding the following subsection (f) to the end thereof:
Initiation Termination. 21 SECTION 4. MARGIN AMOUNT MAINTENANCE....................................................................25
Initiation Termination. Section 3 of the Existing Repurchase Agreement is hereby amended by deleting the lead in paragraph thereto.
Initiation Termination. (a) Conditions Precedent to Initial Transaction. Buyer’s agreement to enter into the initial Transaction hereunder is subject to the satisfaction, immediately prior to or concurrently with the making of such Transaction, of the condition precedent that Buyer shall have received from Seller any fees and expenses payable hereunder, and all of the following documents, each of which shall be satisfactory to Buyer and its counsel in form and substance:
(i) The following Program Documents, duly executed and delivered to Buyer:
Initiation Termination. 17 4. RESERVED........................................................................ 22 5.
Initiation Termination. 14 SECTION 4.
Initiation Termination. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrowers may request Advances from time to time. Subject to the terms and conditions set forth herein, Lender agrees that it shall make Advances secured by Eligible Rental Properties to Borrowers from time to time prior to the occurrence and continuance of an Event of Default in an aggregate principal amount that will not result in the Aggregate Advance Amount for all Financed Rental Properties securing outstanding Advances under this Agreement to exceed the Maximum Aggregate Advance Amount.
Initiation Termination. Section 3 of the Existing Repurchase Agreement is hereby amended by:
3.1 deleting the first paragraph of clause (b) in its entirety and replacing it with the following: Upon satisfaction of the conditions set forth in this Section 3(b), Buyer may enter into a Transaction with Seller up to the Maximum Aggregate Purchase Price. Buyer may enter into a Transaction in Buyer’s sole discretion. Buyer’s entering into each Transaction (including the initial Transaction) is subject to the satisfaction of the following further conditions precedent, both immediately prior to entering into such Transaction and also after giving effect thereto to the intended use thereof:
3.2 deleting clause (b)(iv) in its entirety and replacing it with the following: