Margin Excess. If on any day after Seller has transferred cash or Additional MBS/Purchased Mortgage Loans to Administrative Agent pursuant to Section 4(b), the sum of (i) the cash paid to Administrative Agent, (ii) the balance of the Cash Deposit and (iii) the aggregate of the Margin Amounts of all Purchased Mortgage Loans and MBS for all Transactions outstanding at that time, including any such Additional MBS/Purchased Mortgage Loans, exceeds the sum of the Repurchase Prices of all Purchased Mortgage Loans and MBS then subject to Transactions by more than [***], then at the request of Seller, Buyers (acting through Administrative Agent) shall return a portion of the cash or Additional MBS/Purchased Mortgage Loans to Seller so that the remaining sum of (i), (ii) and (iii) does not exceed the Aggregate Purchase Price; provided that the sum of the cash plus the value of Additional MBS/Purchased Mortgage Loans returned shall be strictly limited to an amount, after the return of which, no Margin Deficit greater than an amount equal to the Cash Deposit will exist.
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Samples: Master Repurchase Agreement (Rocket Companies, Inc.), Master Repurchase Agreement (Rocket Companies, Inc.)
Margin Excess. If on any day after Seller has transferred cash or Additional MBS/Purchased Mortgage Loans to Administrative Agent Buyer pursuant to Section 4(b), the sum of (i) the cash paid to Administrative Agent, Buyer and (ii) the balance of the Cash Deposit and (iii) the aggregate of the Margin Amounts of all Purchased Mortgage Loans and MBS for all Transactions outstanding at that time, including any such Additional MBS/Purchased Mortgage Loans, exceeds the sum of the Repurchase Prices of all Purchased Mortgage Loans and MBS then subject to outstanding Transactions by more than [***]Two Hundred Fifty Thousand Dollars ($250,000), then at the request of Seller, Buyers (acting through Administrative Agent) Buyer shall return a portion of the cash or Additional MBS/Purchased Mortgage Loans to Seller so that the remaining sum of (i), (ii) and (iiiii) does not exceed the Aggregate Purchase Pricesum of the Repurchase Prices of all Purchased Mortgage Loans then subject to outstanding Transactions; provided that the sum of the cash plus the value of Additional MBS/Purchased Mortgage Loans returned shall be strictly limited to an amount, after the return of which, no Margin Deficit greater than an amount equal to the Cash Deposit will exist.
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Margin Excess. If on any day after Seller has transferred cash or and/or Additional MBS/Purchased Mortgage Loans to Administrative Agent Buyer pursuant to Section 4(b) (Margin Calls), (X) the sum of (i) the cash paid to Administrative Agent, (ii) the balance of the Cash Deposit and (iii) the aggregate of the Margin Amounts of all Purchased Mortgage Loans and MBS for all Transactions outstanding at that time, including any such Additional MBS/Purchased Mortgage Loans, exceeds the sum of (Y) the Repurchase Prices of all such Purchased Mortgage Loans and MBS then subject as so reduced by (or deemed netted from) such cash so transferred to Transactions Buyer, by more than [***] Dollars ($[***]), then at the request of Seller, Buyers (acting through Administrative Agent) Buyer shall return a portion to Seller so much of the requested cash or and/or Additional MBS/Purchased Mortgage Loans transferred to Seller so that the remaining sum of Buyer as (i), (ii) and (iiiX) does not materially exceed the Aggregate Purchase Price(Y); provided that the sum of the cash plus the value Margin Amounts of Additional MBS/Purchased Mortgage Loans returned to Seller pursuant to Section 4(b) shall be strictly limited to an amount, amount after the return of which, which no Margin Deficit greater than an amount equal to the Cash Deposit will exist.
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