Margin Maintenance; Buyer Downgrade Sample Clauses

Margin Maintenance; Buyer Downgrade. (a) If at any time the aggregate Repurchase Price of all Transactions then outstanding hereunder exceeds the aggregate Recognized Value of all Purchased Loans subject to such Transactions (a “Margin Deficiency”), as determined by the Agent and notified to the Sellers on any Business Day, the Sellers shall no later than one (1) Business Day after receipt of such notice, either make a payment to the Agent, for the account of the Buyers, in respect of the aggregate Repurchase Price or transfer to the Agent, for the benefit of the Buyers, additional Eligible Mortgage Loans that are in all respects acceptable to the Agent in its sole discretion (which additional Eligible Purchased Loans shall be deemed to be Purchased Loans under the Repurchase Documents) such that after giving effect to such payment or transfer no Margin Deficiency shall then exist. (b) If at any time the aggregate Repurchase Price of all Transactions then outstanding hereunder exceeds the Maximum Amount, the Sellers shall at such time make a payment to the Agent, for the account of the Buyers, in respect of the aggregate Repurchase Price such that, after giving effect to such payment, the aggregate Repurchase Price of all Transactions then outstanding hereunder shall not exceed the Maximum Amount. (c) If at any time a Buyer Downgrade shall have occurred, the Sellers shall repay all amounts owing to the Buyers under this Repurchase Agreement and the other Repurchase Documents within ninety (90) days following receipt of notice of such downgrade and request for repayment.