Margin Deficit and Margin Call. If Buyer or its designee shall determine at the close of business on any Business Day that the Minimum Maintenance Amount with respect to the Purchased Assets is less than the Aggregate Outstanding Purchase Price of all Transactions (in any such case, a “Margin Deficit”) by an amount that is equal to or greater than the Margin Threshold, 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:
Appears in 3 contracts
Samples: Master Repurchase Agreement (Radian Group Inc), Master Repurchase Agreement (Radian Group Inc), Master Repurchase Agreement (Radian Group Inc)
Margin Deficit and Margin Call. If Buyer or its designee shall determine determine, in its sole and absolute discretion, at the close of business on any Business Day that the Minimum Maintenance Amount with respect to the Purchased Assets is less than the Aggregate Outstanding Purchase Price of all Transactions by an amount that exceeds $[***] (in any such case, a “Margin Deficit”) by an amount that is equal to or greater than the Margin Threshold), then Buyer may at in its sole optionand absolute discretion, and by notice to Seller (as such notice is more particularly set forth below, a “Margin Call”) ), require Seller toto either:
Appears in 2 contracts
Samples: Master Repurchase Agreement (Home Point Capital Inc.), Master Repurchase Agreement (Home Point Capital Inc.)
Margin Deficit and Margin Call. If Buyer or its designee shall determine at the close of business on any Business Day that the Minimum Maintenance Amount with respect to the Purchased Assets is less than the Aggregate Outstanding Purchase Price of all Transactions (in any such case, a “Margin Deficit”) by an amount that ), then, if the Margin Deficit is equal to or greater than the Margin ThresholdPermitted Amount, 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 toto either:
Appears in 1 contract
Samples: Master Repurchase Agreement (Caliber Home Loans, Inc.)
Margin Deficit and Margin Call. If Buyer or its designee shall determine at the close of business on any Business Day that the Aggregate Outstanding Purchase Price of all Transactions exceeds the Minimum Maintenance Amount with respect to the Purchased Assets is less than the Aggregate Outstanding Purchase Price of all Transactions by [***] or more (in any such case, a “Margin Deficit”) by an amount that is equal to or greater than the Margin Threshold), 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 toto either:
Appears in 1 contract
