Maintenance of Profitability. The Seller shall not permit Net Income (before income Taxes), generated over a consecutive three-month period, measured on the last day of each fiscal quarter, to be less than [***].
Appears in 5 contracts
Samples: Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.), Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.), Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.)
Maintenance of Profitability. The Seller shall not permit Net Income (before income Taxestaxes), generated over a consecutive three-six month period, measured on the last day of each fiscal quarter, to be less than [***]$1.00.
Appears in 3 contracts
Samples: Master Repurchase Agreement (Pennymac Financial Services, Inc.), Master Repurchase Agreement (Pennymac Financial Services, Inc.), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)
Maintenance of Profitability. The Seller shall not permit Net Income (before income Taxestaxes), generated over a consecutive three-three month period, measured on the last day of each fiscal quarter, to be less than $[***]. For purposes of this Section 7.16, Net Income shall be determined without taking into account any changes or adjustments in the fair value of any mortgage servicing rights owned by the Seller.
Appears in 1 contract
Samples: Master Repurchase Agreement (Caliber Home Loans, Inc.)
Maintenance of Profitability. The Seller shall not permit Net Income (before income Taxestaxes), generated over a consecutive three-three month period, measured on the last day of each fiscal quarter, to be less than [***]$1.00 for two (2) or more consecutive fiscal quarters.
Appears in 1 contract
Samples: Master Repurchase Agreement (Pennymac Financial Services, Inc.)
Maintenance of Profitability. The Seller shall not permit Net Income (before income Taxes), generated over a consecutive three-month period, measured on the last day of each fiscal quarter, to be less than (x) for the fiscal quarter ending on June 30, 2022, [***], and (y) for each fiscal quarter ending after June 30, 2022, [***].
Appears in 1 contract
Samples: Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.)
Maintenance of Profitability. The Seller shall not permit Net Income (before income Taxestaxes), generated over a consecutive three-three month period, measured on the last day of each fiscal quartermonth, to be less than [***]$1.00.
Appears in 1 contract
