Common use of Margin Calls Clause in Contracts

Margin Calls. If at any time after the date hereof Sellers or any of their Affiliates receive margin calls under any repurchase or financing facilities in excess of $5,000,000 in the aggregate, Seller shall provide notice to Buyer and Buyer shall cause the related Seller to repurchase the assets subject to such margin calls and include such assets under the Existing Agreements (provided there is additional capacity) on mutually acceptable terms to Buyer and Sellers.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Novastar Financial Inc), Master Repurchase Agreement (Novastar Financial Inc), Master Repurchase Agreement (Novastar Financial Inc)

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Margin Calls. If at any time after the date hereof Sellers Seller or any of their its Affiliates receive margin calls under any repurchase or financing facilities in excess of $5,000,000 in the aggregate, Seller shall provide notice to Buyer and Buyer shall cause the related Seller to repurchase the assets subject to such margin calls and include such assets under this Agreement or the Existing Agreements (provided there is additional capacity) on mutually acceptable terms to Buyer and SellersSeller.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

Margin Calls. If at any time after the date hereof Sellers Seller or any of their Affiliates receive margin calls under any repurchase or financing facilities in excess of $5,000,000 in the aggregate, Seller shall provide notice to Buyer and Buyer shall cause the related Seller to repurchase the assets subject to such margin calls and include such assets under the Existing Agreements (provided there is additional capacity) on mutually acceptable terms to Buyer and SellersSeller.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

Margin Calls. If at any time after the date hereof Sellers or any of their Affiliates receive margin calls under any repurchase or financing facilities in excess of $5,000,000 in the aggregate, Seller Sellers shall provide notice to Buyer and Buyer shall cause the related Seller Sellers to repurchase the assets subject to such margin calls and include such assets under this Agreement or the Existing Agreements (provided there is additional capacity) on mutually acceptable terms to Buyer and Sellers.

Appears in 1 contract

Samples: Master Repurchase Agreement (Residual Securities) (Novastar Financial Inc)

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Margin Calls. If at any time after the date hereof Sellers or any of their Affiliates receive margin calls under any repurchase or financing facilities in excess of $5,000,000 in the aggregate, Seller shall provide notice to Buyer and Buyer shall cause the related Seller to repurchase the assets subject to such margin calls and include such assets under this Agreement or the Existing Agreements (provided there is additional capacity) on mutually acceptable terms to Buyer and Sellers.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

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