Common use of Location of Custodial Account Clause in Contracts

Location of Custodial Account. Seller shall not change the identity or location of a Custodial Account without thirty (30) days prior notice to Buyer. Seller shall from time to time, at its own cost and expense, execute such directions to the depository Eligible Bank, and other papers, documents or instruments as may be reasonably requested by Buyer to reflect Buyer’s ownership interest in each Custodial Account.

Appears in 7 contracts

Samples: Master Repurchase Agreement (Guild Holdings Co), Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (Five Oaks Investment Corp.)

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Location of Custodial Account. Seller shall not change the identity or location of a Custodial Account without thirty (30) days prior notice to Buyer. Seller shall from time to time, at its own cost and expense, execute such directions to the depository Eligible Bank, and other papers, documents or instruments as may be reasonably requested by Buyer to reflect Buyer’s ownership interest in each Custodial Account. 3.5 deleting section 6.2(k) in its entirety and replacing it with the following:

Appears in 1 contract

Samples: Master Repurchase Agreement (Caliber Home Loans, Inc.)

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