Common use of Margin Correction Deadline Clause in Contracts

Margin Correction Deadline. All transfers, repurchases and payments to be made by 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 forty-eight (48) hours after such notice is first received by 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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Margin Correction Deadline. All transfers, repurchases and payments to be made by 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 fortytwenty-eight four (4824) 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: Acquisition Repurchase Agreement (Gramercy Capital Corp)

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