Common use of Margin Deficit and Margin Call Clause in Contracts

Margin Deficit and Margin Call. If Buyer shall determine at any time that (x) the Asset Value of a Purchased Asset subject to a Transaction is less than the related Purchase Price for such Purchased Asset, (y) the aggregate Asset Value of all Purchased Assets subject to each Transaction is less than the Aggregate Outstanding Purchase Price for such Transactions, or (z) the aggregate Asset Value of all Purchased Assets subject to all Transactions is less than the Aggregate Outstanding Purchase Price for such Transactions (in any such case, a “Margin Deficit”), then Buyer may, at its sole option and by notice to Seller (as such notice is more particularly set forth below, a “Margin Call”), require Seller to either:

Margin Deficit and Margin Call. If Buyer shall determine at any time that (xA) the Asset Value of a Purchased Asset Mortgage Loan subject to a Transaction is less than the related Purchase Price for such Purchased AssetMortgage Loan, (yB) the aggregate Asset Value of all Purchased Assets Mortgage Loans subject to each Transaction is less than the Aggregate Outstanding aggregate outstanding Purchase Price for such TransactionsTransaction, or (zC) the aggregate Asset Value of all Purchased Assets subject to Mortgage Loans for all such Transactions is less than the Aggregate Outstanding aggregate outstanding Purchase Price for such Transactions (in any such case, a “Margin Deficit”), then Buyer may, at its sole option and by notice to Seller (as such notice is more particularly set forth below, a “Margin Call”), require Seller to either:

Margin Deficit and Margin Call. If Buyer shall determine at any time that (x) the Asset Value of a Purchased Asset subject to a Transaction is less than the related Purchase Price for such Purchased Asset, (y) the aggregate Asset Value of all Purchased Assets subject to each Transaction is less than the Aggregate Outstanding Purchase Price for such Transactions, or (z) the aggregate Asset Value of all Purchased Assets subject to all Transactions is less than the Aggregate Outstanding Purchase Price for such Transactions (in any such case, a “Margin Deficit”), then Buyer may, at its sole option and by written notice to Seller (as such written notice is more particularly set forth below, a “Margin Call”), require Seller to either:

Margin Deficit and Margin Call. If Buyer shall determine at any time that (xA) the Asset Value of a Purchased an Underlying Asset subject to a Transaction is less than the related Purchase Price for such Purchased Underlying Asset, (yB) the aggregate Asset Value of all Purchased Underlying Assets subject to each Transaction is less than the Aggregate Outstanding aggregate outstanding Purchase Price for such TransactionsTransaction, or (zC) the aggregate Asset Value of all Purchased Underlying Assets subject to for all such Transactions is less than the Aggregate Outstanding aggregate outstanding Purchase Price for such Transactions (in any such case, a “Margin Deficit”), then Buyer may, at its sole option and by notice to Seller loanDepot Parties (as such notice is more particularly set forth below, a “Margin Call”), require Seller to either:

Margin Deficit and Margin Call. If Buyer shall determine in good faith at any time that (x) the Asset Value of a Purchased Asset subject to a Transaction is less than the related Purchase Price for such Purchased Asset, (y) the aggregate Asset Value of all Purchased Assets subject to each Transaction one or more Transactions is less than the Aggregate Outstanding Purchase Price for such Transaction or Transactions, or (z) the aggregate Asset Value of all Purchased Assets subject to all Transactions is less than the Aggregate Outstanding Purchase Price for such Transactions (in any such case, a “Margin Deficit”), then Buyer may, at its sole option and by notice to Seller (as such notice is more particularly set forth below, a “Margin Call”), require Seller to either: