Initiation Termination. 35 3.1. Seller Request; Agent Confirmation ......................................................................35 3.2. Request/Confirmation ............................................................................................36 3.3. Transaction Termination; Purchase Price Decrease ..............................................36 3.4. Place for Payments of Repurchase Prices ..............................................................37 3.5. Withdrawals from and Credits to Operating Account ...........................................37 3.6. Purchase of Existing Mortgage Loan Portfolio. ....................................................37 3.7. Disbursements from Repurchase Settlement Account ...........................................38 3.8. Delivery of Additional Mortgage Loans ................................................................38 3.9. Application of Purchase Price Decreases ..............................................................38 3.10. Defaulting Buyers ..................................................................................................38 4
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. 2526 SECTION 4. MARGIN AMOUNT MAINTENANCE .......................................................3233 SECTION 5.
Initiation Termination. Section 3(b) of the Existing Repurchase Agreement is hereby amended by deleting clause (iv) thereof and replacing it with the following:
Initiation Termination. Section 3 of the Existing Repurchase Agreement is hereby amended by adding the following new subsection (b)(xv) in its proper order:
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. 14 SECTION 4.
Initiation Termination. 2.1 Section 3 of the Existing Repurchase Agreement is hereby amended by adding the following subsections (viii) and (ix) to the end of subsection (c) thereof:
Initiation Termination. 30 4. RESERVED............................................................. 36 5.
Initiation Termination. (a) Conditions Precedent to the Effective Date. The Effective Date hereof is subject to the satisfaction, immediately prior to or concurrently therewith, of the conditions precedent that Buyer shall have received from Seller any fees and expenses payable hereunder (including, without limitation, the fee required pursuant to Section 3(p)), and all of the following documents, each of which shall be satisfactory in form and substance to Buyer and its counsel:
