Maintenance of Balances. If Seller shall fail to maintain with Buyer during any calendar month deposits in the Operating Account in the average, after charges to compensate Buyer for services rendered to Seller, equal to at least the Minimum Balance Requirement, Seller shall pay to Buyer a fee equal to the amount of such deficit multiplied by the Maintenance Fee Rate.
Appears in 8 contracts
Samples: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (Home Point Capital Inc.)
Maintenance of Balances. If Seller Sellers shall fail to maintain with Buyer during any calendar month deposits in the Operating Account in the average, after charges to compensate Buyer for services rendered to SellerSellers, equal to at least the Minimum Balance Requirement, Seller Sellers shall pay to Buyer a fee equal to the amount of such deficit multiplied by the Maintenance Fee Rate.
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Samples: Master Repurchase Agreement (Rocket Companies, Inc.)
Maintenance of Balances. If Seller shall fail to maintain with Buyer during any calendar month quarter deposits in the Operating Account in the averageaggregate, after charges to compensate Buyer for services rendered to Seller, equal to at least the Minimum Balance Requirement, the Seller shall pay to Buyer a fee equal to the amount of such deficit multiplied by the Maintenance Fee Rate.
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Maintenance of Balances. If Seller shall fail to maintain with Buyer during any calendar month deposits in the Operating Account in the averageaggregate, after charges to compensate Buyer for services rendered to Seller, equal to at least the Minimum Balance Requirement, Seller shall pay to Buyer a fee equal to the amount of such deficit multiplied by the Maintenance Fee Rate.
Appears in 1 contract
Samples: Master Repurchase Agreement (Walter Investment Management Corp)
Maintenance of Balances. If Seller shall fail to maintain with Buyer during any calendar month deposits in the Operating Account in the averageaggregate, after charges to compensate Buyer for services rendered to Seller, equal to at least the Minimum Balance Requirement, the Seller shall pay to Buyer a fee equal to the amount of such deficit multiplied by the Maintenance Fee Rate.
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