Common use of MARGIN AMOUNT MAINTENANCE Clause in Contracts

MARGIN AMOUNT MAINTENANCE. (a) Buyer shall determine the Asset Value of the Purchased Mortgage Loans at such intervals as determined by Buyer in its sole discretion. (b) If at any time the aggregate Asset Value of all related Purchased Mortgage Loans subject to all Transactions is less than the aggregate Purchase Price for all such Transactions (a "Margin Deficit"), then Buyer may by notice to Sellers (as such notice is more particularly set forth below, a "Margin Call"), require Sellers to transfer to Buyer or its designee cash or Eligible Mortgage Loans approved by Buyer in its sole discretion ("Additional Purchased Mortgage Loans") so that the aggregate Asset Value of the Purchased Mortgage Loans, including any such cash or Additional Purchased Mortgage Loans, will thereupon equal or exceed the aggregate Purchase Price for all Transactions. In the event Buyer delivers a Margin Call to Sellers on any Business Day, Sellers shall be required to transfer cash or Additional Purchased Mortgage Loans no later than 5 p.m. (New York City time) on the subsequent Business Day. (c) Buyer's election, in its sole and absolute discretion, not to make a Margin Call at any time there is a Margin Deficit shall not in any way limit or impair its right to make a Margin Call at any time a Margin Deficit exists. (d) Any cash transferred to Buyer pursuant to Section 4(b) above shall be credited against the Repurchase Price of the related Transactions.

MARGIN AMOUNT MAINTENANCE. (a) Buyer shall determine determines the Asset Value of the Purchased Mortgage Loans Assets at such intervals as determined by Buyer in its sole good faith discretion. (b) If at any time the aggregate Asset Value of all related Purchased Mortgage Loans Assets subject to all Transactions is less than the aggregate Purchase Price for all such Transactions (a "“Margin Deficit"”), then Buyer may by notice to Sellers Seller (as such notice is more particularly set forth below, a "“Margin Call"”), require Sellers Seller to transfer to Buyer or its designee cash or Eligible Mortgage Loans Additional Purchased Assets approved by Buyer in its sole good faith discretion ("Additional Purchased Mortgage Loans") so that the aggregate Asset Value of the Purchased Mortgage LoansAssets, including any such cash or Additional Purchased Mortgage LoansAssets, will thereupon equal or exceed the aggregate Purchase Price for all Transactions. If Buyer delivers a Margin Call to Seller on or prior to 10:00 a.m. (New York City time) on any Business Day, then Seller shall transfer cash or Additional Purchased Assets to Buyer no later than 5:00 p.m. (New York City time) that day. In the event Buyer delivers a Margin Call to Sellers a Seller after 10:00 a.m. (New York City time) on any Business Day, Sellers shall Seller will be required to transfer cash or Additional Purchased Mortgage Loans Assets no later than 5 p.m. (New York City time) on the subsequent Business Day. (c) Buyer's ’s election, in its sole and absolute good faith discretion, not to make a Margin Call at any time there is a Margin Deficit shall will not in any way limit or impair its right to make a Margin Call at any time a Margin Deficit exists. (d) Any cash or Additional Purchased Assets transferred to Buyer pursuant to Section 4(b) above shall will be credited against the Repurchase Price of the related Transactionsheld as unsegregated cash margin and collateral for all Obligations.

MARGIN AMOUNT MAINTENANCE. (a) Buyer shall may determine the Asset Value of the Purchased Mortgage Loans Assets at such intervals as determined by Buyer in its sole good faith discretion. (b) If at any time the total aggregate Asset Value of all related Purchased Mortgage Loans Assets subject to all Transactions a Transaction is less than the applicable total aggregate Purchase Price for all such Transactions Purchased Assets (a "“Margin Deficit"”), then Buyer may by notice to Sellers (as such notice is more particularly set forth below, a "“Margin Call"”), require Sellers to transfer to Buyer or its designee cash or Eligible Mortgage Loans approved by Buyer in its sole discretion ("Additional Purchased Mortgage Loans") so that the total aggregate Asset Value of the all Purchased Mortgage Loans, including any such cash or Additional Purchased Mortgage Loans, Assets will thereupon equal or exceed the total aggregate Purchase Price for all Transactionssuch Transaction. If Buyer delivers a Margin Call to Sellers on or prior to 10:00 a.m. (New York City time) on any Business Day, then Sellers shall transfer cash to Buyer no later than 5:00 p.m. (New York City time) that day. In the event Buyer delivers a Margin Call to Sellers after 10:00 a.m. (New York City time) on any Business Day, Sellers shall will be required to transfer cash or Additional Purchased Mortgage Loans no later than 5 12:00 p.m. (New York City time) on the subsequent Business Day. (c) Buyer's ’s election, in its sole good faith and absolute discretion, not to make a Margin Call at any time there is a Margin Deficit shall will not in any way limit or impair its right to make a Margin Call at any time a Margin Deficit exists. (d) Any cash transferred to Buyer pursuant to Section 4(b5(b) above shall will be credited against held applied to reduce the Repurchase Price of the related Transactionsoutstanding Purchase Price.

MARGIN AMOUNT MAINTENANCE. (a) Buyer shall determine determines the Asset Value of the Purchased Mortgage Loans Assets at such intervals as determined by Buyer in its sole good faith discretion. (b) If at any time the aggregate Asset Value of all related Purchased Mortgage Loans Assets subject to all Transactions is less than the aggregate Purchase Price for all such Transactions (a "“Margin Deficit"”), then Buyer may by notice to Sellers (as such notice is more particularly set forth below, a "“Margin Call"”), require Sellers to transfer to Buyer or its designee cash or Eligible Mortgage Loans Additional Purchased Assets approved by Buyer in its sole good faith discretion ("Additional Purchased Mortgage Loans") so that the aggregate Asset Value of the Purchased Mortgage LoansAssets, including any such cash or Additional Purchased Mortgage LoansAssets, will thereupon equal or exceed the aggregate Purchase Price for all Transactions. If Buyer delivers a Margin Call to Sellers on or prior to 10:00 a.m. (New York City time) on any Business Day, then Sellers shall transfer cash or Additional Purchased Assets to Buyer no later than 5:00 p.m. (New York City time) that day. In the event Buyer delivers a Margin Call to Sellers after 10:00 a.m. (New York City time) on any Business Day, Sellers shall will be required to transfer cash or Additional Purchased Mortgage Loans Assets no later than 5 p.m. (New York City time) on the subsequent Business Day. (c) Buyer's ’s election, in its sole and absolute good faith discretion, not to make a Margin Call at any time there is a Margin Deficit shall will not in any way limit or impair its right to make a Margin Call at any time a Margin Deficit exists. (d) Any cash or Additional Purchased Assets transferred to Buyer pursuant to Section 4(b) above shall will be credited against the Repurchase Price of the related Transactionsheld as unsegregated cash margin and collateral for all Obligations.

MARGIN AMOUNT MAINTENANCE. (a) Buyer shall determine the Asset Value of the Purchased Transaction Mortgage Loans at such intervals as determined by Buyer in its sole good faith discretion. (b) If at any time the aggregate Asset Value of all related Purchased Transaction Mortgage Loans subject to all Transactions is less than the aggregate Purchase Price for all such Transactions (a "“Margin Deficit"”), then Buyer may by notice to Sellers Seller (as such notice is more particularly set forth below, a "“Margin Call"”), require Sellers Seller to transfer to Buyer or its designee cash or Eligible Mortgage Loans approved by Buyer in its sole discretion ("Additional Purchased Mortgage Loans") so that the aggregate Asset Value of the Purchased Transaction Mortgage Loans, including any such cash or Additional Purchased Mortgage Loanscash, will thereupon equal or exceed the aggregate Purchase Price for all TransactionsTransactions (such transfer, a “Margin Deficit Payment”); provided that Buyer shall only make a Margin Call if a Margin Deficit in excess $100,000 exists. If Buyer delivers a Margin Call to Seller on or prior to 10:00 a.m. (New York City time) on any Business Day, then Seller shall transfer cash to Buyer no later than 5:00 p.m. (New York City time) that day. In the event Buyer delivers a Margin Call to Sellers Seller after 10:00 a.m. (New York City time) on any Business Day, Sellers Seller shall be required to transfer cash or Additional Purchased Mortgage Loans no later than 5 1:00 p.m. (New York City time) on the subsequent Business Day. (c) Buyer's ’s election, in its sole and absolute discretion, not to make a Margin Call at any time there is a Margin Deficit shall not in any way limit or impair its right to make a Margin Call at any time a Margin Deficit exists. (d) Any cash transferred to Buyer pursuant to Section 4(b) above shall be credited against to the Repurchase Price of the related Transactions.

MARGIN AMOUNT MAINTENANCE. (a) Buyer shall determine determines the Asset Value of the Purchased Mortgage Loans Assets at such intervals as determined by Buyer in its sole discretion. (b) If at any time the aggregate Asset Value of all related Purchased Mortgage Loans Assets subject to all Transactions is less than the aggregate Purchase Price for all such Transactions (a "“Margin Deficit"”), then Buyer may by notice to Sellers Seller (as such notice is more particularly set forth below, a "“Margin Call"”), require Sellers Seller to transfer satisfy such Margin Deficit by transferring to Buyer or its designee cash or Eligible Mortgage Loans Additional Purchased Assets approved by Buyer in its sole discretion ("Additional Purchased Mortgage Loans") so that the aggregate Asset Value of the Purchased Mortgage LoansAssets, including any such cash or Additional Purchased Mortgage LoansAssets, will thereupon equal or exceed the aggregate Purchase Price for all Transactions. In the event Buyer If Xxxxx delivers a Margin Call to Sellers Seller on or prior to 10:00 a.m. (New York City time) on any Business Day, Sellers then Seller shall transfer cash or Additional Purchased Assets to Buyer no later than 5:00 p.m. (New York City time) that day. In the event Xxxxx delivers a Margin Call to Seller after 10:00 a.m. (New York City time) on any Business Day, Seller will be required to transfer cash or Additional Purchased Mortgage Loans Assets no later than 5 5:00 p.m. (New York City time) on the subsequent Business Day. (c) Buyer's ’s election, in its sole and absolute discretion, not to make a Margin Call at any time there is a Margin Deficit shall will not in any way limit or impair its right to make a Margin Call at any time a Margin Deficit exists. (d) Any cash or Additional Purchased Assets transferred to Buyer pursuant to Section 4(b) above shall will be credited against the Repurchase Price of the related Transactionsheld as unsegregated cash margin and collateral for all Obligations.

MARGIN AMOUNT MAINTENANCE. (a) The Buyer shall determine the Asset Value of the Purchased Mortgage Loans on a weekly basis, or at such other intervals as determined by the Buyer in its sole discretion. (b) If at any time the aggregate Asset Value of all related Purchased Mortgage Loans subject to all Transactions is less than the aggregate Purchase Repurchase Price for all such Transactions (a "“Margin Deficit")”) and if such Margin Deficit is equal to or greater than $250,000, then Buyer may by notice to Sellers (as such notice is more particularly set forth below, a "“Margin Call"”), require Sellers to transfer to Buyer or its designee cash or Eligible Mortgage Loans approved by the Buyer in its sole discretion ("“Additional Purchased Mortgage Loans"”) so that the aggregate Asset Value of the Purchased Mortgage Loans, including any such cash or Additional Purchased Mortgage LoansLoans or cash, will thereupon equal or exceed the aggregate Purchase Repurchase Price for all Transactions. In the event If Buyer delivers a Margin Call to the Sellers on or prior to 9:30 a.m. (New York time) on any Business Day, then the Sellers shall transfer cash or Additional Purchased Mortgage Loans to Buyer no later than 5 p.m. (New York time) that day. In the event the Buyer delivers a Margin Call to any Seller after 9:30 a.m. (New York time) on any Business Day, the Sellers shall be required to transfer cash or Additional Purchased Mortgage Loans no later than 5 p.m. (New York City time) on the subsequent Business Day. (c) Buyer's ’s election, in its sole and absolute discretion, not to make a Margin Call at any time there is a Margin Deficit shall not in any way limit or impair its right to make a Margin Call at any time a Margin Deficit exists. (d) Any cash transferred to the Buyer pursuant to Section 4(b4(a) above shall be credited against to the Repurchase Price of the related Transactions.

MARGIN AMOUNT MAINTENANCE. (a) Buyer shall determine the Asset Value of the Purchased Underlying Mortgage Loans at such intervals as determined by Buyer in its sole good faith discretion (which may be performed on a daily basis, at the Buyer’s discretion). (b) If at any time the aggregate Aggregate Asset Value of all related Purchased Underlying Mortgage Loans subject to all Transactions is less than the aggregate outstanding Purchase Price for all such Transactions (a "“Margin Deficit")”) by an amount that is equal to or greater than the Margin Threshold, then Buyer may by notice to Sellers Seller (as such notice is more particularly set forth below, a "“Margin Call"”), require Sellers Seller to transfer to Buyer or its designee cash or Eligible Mortgage Loans approved by Buyer in its sole discretion ("Additional Purchased Mortgage Loans") so that the aggregate Aggregate Asset Value of the Purchased Underlying Mortgage Loans, including any such cash or Additional Purchased Mortgage Loanscash, will thereupon equal or exceed the aggregate outstanding Purchase Price for all Transactions. If Buyer delivers a Margin Call to Seller on or prior to 9:30 a.m. (New York time) on any Business Day, then Seller shall transfer cash to Buyer no later than 5:00 p.m. (New York time) that day. In the event Buyer delivers a Margin Call to Sellers a Seller after 9:30 a.m. (New York time) on any Business Day, Sellers Seller shall be required to transfer cash or Additional Purchased Mortgage Loans no later than 5 5:00 p.m. (New York City time) on the subsequent Business Day. (c) Buyer's ’s election, in its sole and absolute discretion, not to make a Margin Call at any time there is a Margin Deficit shall not in any way limit or impair its right to make a Margin Call at any time a Margin Deficit exists. (d) Any cash transferred to Buyer pursuant to Section 4(b) above shall be credited against to the Repurchase Price of the related Transactions.

MARGIN AMOUNT MAINTENANCE. (a) Buyer shall may determine the Asset Value of the Purchased Mortgage Loans Assets at such intervals as determined by Buyer in its sole discretion. (b) If at any time the total aggregate Asset Value of all related Purchased Mortgage Loans Assets subject to all Transactions a Transaction is less than the applicable total aggregate Purchase Price for all such Transactions Purchased Assets (a "“Margin Deficit"”), then Buyer may by notice to Sellers Seller (as such notice is more particularly set forth below, a "“Margin Call"”), require Sellers Seller to transfer to Buyer or its designee cash or Eligible Mortgage Loans approved by Buyer in its sole discretion ("Additional Purchased Mortgage Loans") so that the total aggregate Asset Value of the all Purchased Mortgage Loans, including any such cash or Additional Purchased Mortgage Loans, Assets will thereupon equal or exceed the total aggregate Purchase Price for all Transactionssuch Transaction. If Buyer delivers a Margin Call to Seller on or prior to 10:00 a.m. (New York City time) on any Business Day, then Seller shall transfer cash to Buyer no later than 5:00 p.m. (New York City time) that day. In the event Buyer delivers a Margin Call to Sellers a Seller after 10:00 a.m. (New York City time) on any Business Day, Sellers shall Seller will be required to transfer cash or Additional Purchased Mortgage Loans no later than 5 12:00 p.m. (New York City time) on the subsequent Business Day. (c) Buyer's ’s election, in its sole and absolute discretion, not to make a Margin Call at any time there is a Margin Deficit shall will not in any way limit or impair its right to make a Margin Call at any time a Margin Deficit exists. (d) Any cash transferred to Buyer pursuant to Section 4(b5(b) above shall will be credited against held applied to reduce the Repurchase Price of the related Transactionsoutstanding Purchase Price.