Maintenance of Leverage. Seller shall not permit the ratio of its Indebtedness (excluding non-recourse Indebtedness) to Adjusted Tangible Net Worth to be greater than the Maximum Leverage Ratio at any time.
Appears in 2 contracts
Samples: Master Repurchase Agreement (Walter Investment Management Corp), Master Repurchase Agreement (Walter Investment Management Corp)
Maintenance of Leverage. Seller shall not permit the ratio of its Indebtedness (excluding non-recourse Indebtedness) to Adjusted Tangible Net Worth to be greater than the Maximum Leverage Ratio at any timeas of the last day of each month.
Appears in 1 contract
Samples: Master Repurchase Agreement (Walter Investment Management Corp)
Maintenance of Leverage. Seller shall not permit the ratio of its Indebtedness (excluding non-recourse Indebtedness) to Adjusted Tangible Net Worth to be greater than the Maximum Leverage Ratio at any time.
Appears in 1 contract
Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)
