Maintenance of Profitability. Seller shall not permit, for any Test Period, Net Income for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00.
Appears in 12 contracts
Samples: Master Repurchase Agreement (Pennymac Financial Services, Inc.), Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (Pennymac Financial Services, Inc.)
Maintenance of Profitability. No Seller shall not permit, for any Test Period, Net Income for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00.
Appears in 3 contracts
Samples: Master Repurchase Agreement, Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)
Maintenance of Profitability. Seller shall not permit, for any Test Period, Net Operating Income for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00.
Appears in 2 contracts
Samples: Master Repurchase Agreement and Securities Contract (Korth Direct Mortgage Inc.), Master Repurchase Agreement (loanDepot, Inc.)
Maintenance of Profitability. Seller shall not permit, for any Test Period, Net Income for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00; provided that the foregoing covenant shall not apply during any quarter occurring in 2009.
Appears in 2 contracts
Samples: Master Repurchase Agreement (Pennymac Financial Services, Inc.), Master Repurchase Agreement (Pennymac Financial Services, Inc.)
Maintenance of Profitability. Seller shall not permit, for any Test Period, Net Income for such Test PeriodPeriod determined on a monthly basis, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00.
Appears in 2 contracts
Samples: Master Repurchase Agreement (Oak Street Financial Services Inc), United Financial Mortgage Corp
Maintenance of Profitability. Seller Sellers shall not permit, for any Test Period, Net Income for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00.
Appears in 2 contracts
Samples: Master Repurchase Agreement (MortgageIT Holdings, Inc.), American Home Mortgage Investment Corp
Maintenance of Profitability. Seller shall has not permitpermitted, for any such Test Period, Net Income for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00.
Appears in 1 contract
Samples: Master Repurchase Agreement (First NLC Financial Services Inc)
Maintenance of Profitability. Seller shall has not permitpermitted, for any Test Period, Net Income for such Test PeriodPeriod determined on a monthly basis, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00.
Appears in 1 contract
Maintenance of Profitability. Seller The Sellers shall not permit, for any Test Period, Net Income for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00.
Appears in 1 contract
Samples: Master Repurchase Agreement (American Home Mortgage Investment Corp)
Maintenance of Profitability. Seller shall not permit, for any Test Period, Net Operating Income for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00the Profitability Threshold.
Appears in 1 contract
Samples: Master Repurchase Agreement and Securities Contract (AmeriHome, Inc.)
Maintenance of Profitability. Seller shall not permit, for any Test Period, Net Income IncomeÏ for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00. “Test Period” shall mean any calendar quarter.
Appears in 1 contract
Maintenance of Profitability. Seller shall not permit, for any Test Period, Net Income Income∉ for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00. “Test Period” shall mean any two consecutive calendar quarters.
Appears in 1 contract
Maintenance of Profitability. Seller shall not permit, for any Test Period, Net Income Income for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00. “Test Period” shall mean any two (2) consecutive calendar quarters.
Appears in 1 contract
Maintenance of Profitability. Seller shall not permit, for any calendar quarter (each such period, a “Test Period”), Net Income for such Test Period, Period before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00.
Appears in 1 contract
Maintenance of Profitability. Seller shall not permit, for any Test Period, Net Income for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00. “Test Period” shall mean any calendar year.
Appears in 1 contract
Maintenance of Profitability. Seller shall has not permitpermitted, for any Test Period, Net Income for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00.
Appears in 1 contract
Maintenance of Profitability. The Seller shall not permit, for any two consecutive calendar quarters (each such period, a “Test Period”), Net Income for such Test Period, Period before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00.
Appears in 1 contract
Samples: Master Repurchase Agreement (New Century Financial Corp)
