Common use of Margin Correction Deadline Clause in Contracts

Margin Correction Deadline. (a) Subject to Section 4.02(b), all transfers, repurchases and payments to be made by the Sellers in satisfaction of any Margin Deficit Notice delivered pursuant to Section 4.01(a) or 4.01(b) shall be completed no later than the time that is twenty-four (24) hours after such notice is first received by any Seller (or if such time is not during a Business Day, then no later than the same time on the next Business Day).

Appears in 3 contracts

Samples: Master Repurchase Agreement (Gramercy Capital Corp), Master Repurchase Agreement (Gramercy Capital Corp), Master Repurchase Agreement (Gramercy Capital Corp)

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Margin Correction Deadline. (a) Subject to Section 4.02(b), all All transfers, repurchases and payments to be made by the Sellers Seller in satisfaction of any Margin Deficit Notice delivered pursuant to Section 4.01(a) or 4.01(b) shall be completed no later than the time that is twenty-four (24) hours after such notice is first received by any Seller (or if such time is not during a Business Day, then no later than the same time on the next Business Day).. ARTICLE V

Appears in 1 contract

Samples: Repurchase Agreement (Gramercy Capital Corp)

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Margin Correction Deadline. (a) Subject to Section 4.02(b), all All transfers, repurchases and payments to be made by the Sellers Seller in satisfaction of any Margin Deficit Notice delivered pursuant to Section 4.01(a) or 4.01(b) shall be completed no later than the time that is twentyforty-four eight (2448) hours after such notice is first received by any Seller (or if such time is not during a Business Day, then no later than the same time on the next Business Day).

Appears in 1 contract

Samples: Master Repurchase Agreement (CBRE Realty Finance Inc)

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