Common use of Margin Maintenance Clause in Contracts

Margin Maintenance. (a) If at any time, either (i) the aggregate Market Value of all Purchased Assets subject to Transactions is less than the aggregate MV Margin Amount for all Purchased Assets subject to Transactions, or (ii) the aggregate unpaid principal balance of all Purchased Loans subject to Transactions is less than the aggregate Par Margin Amount for all Purchased Loans subject to such Transactions (either such event, a “Margin Deficit”), then the Buyer may, by notice to Sellers, require Sellers in such Transactions to transfer to the Buyer cash or, at the Buyer’s option (and provided Seller has additional Eligible Assets), additional Eligible Assets (“Additional Purchased Assets”) within one (1) Business Day of such notice by Buyer, so that both (x) the cash and aggregate Market Value of the Purchased Assets, including any such Additional Purchased Assets, will thereupon equal or exceed such aggregate MV Margin Amount, and (y) the cash and unpaid principal balance of such Purchased Assets, including any such Additional Purchased Assets and Purchased Assets, will therefore equal or exceed such aggregate Par Margin Amount (either requirement, a “Margin Call”); provided that if Seller transfers cash, Buyer shall deposit such cash into a non-interest bearing account until the next succeeding Repurchase Date.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

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Margin Maintenance. (a) If at any time, time either (i) the aggregate Market Value of all Purchased Assets Loans subject to all Transactions is less than the aggregate MV Margin Amount for all Purchased Assets subject to such Transactions, or (ii) the aggregate unpaid principal balance of all the Purchased Loans subject to for all Transactions is less than the aggregate Par Margin Amount for all Purchased Loans subject to such Transactions (either such event, a “Margin Deficit”), then the Buyer may, by notice to SellersSeller, require Sellers Seller in such Transactions to transfer to the Buyer cash or, at the Buyer’s option (and provided Seller has additional Eligible AssetsLoans), additional Eligible Assets Loans (“Additional Purchased AssetsLoans”) within one (1) Business Day of such notice by Buyer, so that both (x) the cash and aggregate Market Value of the Purchased AssetsLoans, including any such Additional Purchased AssetsLoans, will thereupon equal or exceed such aggregate MV Margin Amount, and (y) the cash and unpaid principal balance of such Purchased AssetsLoans, including any such Additional Purchased Assets Loans and Purchased AssetsLoans, will therefore equal or exceed such aggregate Par Margin Amount (either requirement, a “Margin Call”); provided that if Seller transfers cash, Buyer shall deposit such cash into a non-interest bearing account until the next succeeding Repurchase Date.

Appears in 1 contract

Samples: Master Repurchase Agreement (Walter Investment Management Corp)

Margin Maintenance. (a) If at any time, time either (i) the aggregate Market Value of all Purchased Assets Loans subject to all Transactions is less than the aggregate MV Margin Amount for all Purchased Assets subject to such Transactions, or (ii) the aggregate unpaid principal balance of all the Purchased Loans subject to for all Transactions is less than the aggregate Par Margin Amount for all Purchased Loans subject to such Transactions (either such event, a “Margin Deficit”), then the Buyer may, by notice to Sellers, require Sellers in such Transactions to transfer to the Buyer cash or, at the Buyer’s option (and provided Seller has Sellers have additional Eligible AssetsLoans), additional Eligible Assets Loans (“Additional Purchased AssetsLoans”) within one (1) Business Day of such notice by Buyer, so that both (x) the cash and aggregate Market Value of the Purchased AssetsLoans, including any such Additional Purchased AssetsLoans, will thereupon equal or exceed such aggregate MV Margin Amount, and (y) the cash and unpaid principal balance of such Purchased AssetsLoans, including any such Additional Purchased Assets Loans and Purchased AssetsLoans, will therefore equal or exceed such aggregate Par Margin Amount (either requirement, a “Margin Call”); provided that if Seller transfers Sellers transfer cash, Buyer shall deposit such cash into a non-interest bearing account until the next succeeding Repurchase Date.

Appears in 1 contract

Samples: Master Repurchase Agreement (Aames Investment Corp)

Margin Maintenance. (a) If at any time, time either (i) the aggregate Market Value of all Purchased Assets subject to all Transactions is less than the aggregate MV Margin Amount for all Purchased Assets subject to such Transactions, or (ii) the aggregate unpaid principal balance of the Purchased Assets for all Purchased Loans subject to Transactions is less than the aggregate Par Margin Amount for all Purchased Loans subject to such Transactions Transactions, in each case as determined by Buyer, (either such event, a “Margin Deficit”), then the ) shall exist. If a Margin Deficit exists Buyer may, may require Seller by notice to Sellers, require Sellers in such Transactions to transfer to the Buyer cash or, or at the BuyerSeller’s option (and provided Seller has additional Eligible Assets), additional Eligible Assets (“Additional Purchased Assets”) within one (1as required in Section 6(c) Business Day of such notice by Buyerhereof, so that both (x) the cash and aggregate Market Value of the Purchased Assets, including any such Additional Purchased Assets, will thereupon equal or exceed such aggregate MV Margin Amount, and (y) the cash and unpaid principal balance of such Purchased Assets, including any such Additional Purchased Assets and Purchased Assets, will therefore equal or exceed such aggregate Par Margin Amount (either requirement, a “Margin Call”); provided that if . Any cash paid by Seller transfers cash, Buyer to reduce a Margin Deficit shall deposit such cash into a non-interest bearing account until be applied to reduce the next succeeding Repurchase Datethen outstanding aggregate Purchase Price.

Appears in 1 contract

Samples: Master Repurchase Agreement (Centex Land Vista Ridge Lewisville III General Partner, LLC)

Margin Maintenance. (a) a. If at any time, time either (i) the aggregate Market Value of all Purchased Assets subject to all Transactions is less than the aggregate Buyer's MV Margin Amount for all Purchased Assets subject to Transactions, such Transactions or (ii) the aggregate unpaid principal balance of amount for all Purchased Loans subject to Transactions Assets is less than the aggregate Buyer's Par Margin Amount for all Purchased Loans subject to such Transactions (either such event, each a "Margin Deficit"), then the Buyer may, may by notice to Sellers, Seller require Sellers Seller in such Transactions to transfer to the Buyer Buyer, either cash or, at the Buyer’s option (and provided Seller has additional Eligible Assets), or additional Eligible Assets acceptable to Buyer in its sole discretion ("Additional Purchased Assets”) within one (1) Business Day of such notice by Buyer"), so that both either (xa) with respect to any Margin Deficit pursuant to clause (i) above, the cash and aggregate Market Value of the Purchased Assets, including any such Additional Purchased Assets, will thereupon equal or exceed such aggregate Buyer's MV Margin Amount, and or (yb) with respect to any Margin Deficit pursuant to clause (ii) above, the cash and aggregate unpaid principal balance of such the Purchased Assets, including any such Additional Purchased Assets and Purchased Assets, will therefore thereupon equal or exceed such aggregate Buyer's Par Margin Amount (either such requirement, a "Margin Call"); provided that if Seller transfers cash, Buyer shall deposit such cash into a non-interest bearing account until the next succeeding Repurchase Date.

Appears in 1 contract

Samples: Master Repurchase Agreement (American Business Financial Services Inc /De/)

Margin Maintenance. (a) If at any time, time either (i) the aggregate Market Value of all Purchased Assets subject to all Transactions is less than the aggregate MV Margin Amount for all Purchased Assets subject to such Transactions, or (ii) the aggregate unpaid principal balance (or in the case of REO Property, the REO Valuation) of the Purchased Assets for all Purchased Loans subject to Transactions is less than the aggregate Par Margin Amount for all Purchased Loans subject to such Transactions (either such event, a “Margin Deficit”), then the Buyer may, by notice to Sellersthe related Seller, require Sellers such Seller in such Transactions to transfer to the Buyer cash or, at the Buyer’s option (and provided such Seller has additional Eligible Assets), additional Eligible Assets (“Additional Purchased Assets”) within one (1) Business Day of such notice by Buyer, so that both (x) the cash and aggregate Market Value of the Purchased Assets, including any such Additional Purchased Assets, will thereupon equal or exceed such aggregate MV Margin Amount, and (y) the cash and unpaid principal balance of such Purchased Assets, including any such Additional Purchased Assets and Purchased Assets, will therefore equal or exceed such aggregate Par Margin Amount (either requirement, a “Margin Call”); provided that if such Seller transfers cash, Buyer shall deposit such cash into a non-interest bearing account until the next succeeding Repurchase Date.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

Margin Maintenance. (a) If at any time, time either (i) the aggregate Market Value of all Purchased Assets subject to all Transactions is less than the aggregate MV Margin Amount for all Purchased Assets subject to such Transactions, or (ii) the aggregate unpaid principal balance of the Purchased Assets for all Purchased Loans subject to Transactions is less than the aggregate Par Margin Amount for all Purchased Loans subject to such Transactions (either such event, a “Margin Deficit”), then the Buyer may, by notice to SellersSeller, require Sellers Seller in such Transactions to transfer to the Buyer cash or, at the Buyer’s option (and provided Seller has additional Eligible Assets), additional Eligible Assets (“Additional Purchased Assets”) within one (1) Business Day of such notice by Buyer, so that both (x) the cash and aggregate Market Value of the Purchased Assets, including any such Additional Purchased Assets, will thereupon equal or exceed such aggregate MV Margin Amount, and (y) the cash and unpaid principal balance of such Purchased Assets, including any such Additional Purchased Assets and Purchased Assets, will therefore equal or exceed such aggregate Par Margin Amount (either requirement, a “Margin Call”); provided that if Seller transfers cash, Buyer shall deposit such cash into a non-interest bearing account until the next succeeding Repurchase Date.

Appears in 1 contract

Samples: Custodial Agreement (Walter Investment Management Corp)

Margin Maintenance. (a) If at any time, time either (i) the aggregate Market Value of all Purchased Assets Loans subject to all Transactions is less than the aggregate MV Margin Amount for all Purchased Assets subject to such Transactions, or (ii) the aggregate unpaid principal balance of all the Purchased Loans subject to for all Transactions is less than the sum of the aggregate Par Margin Amount for all Purchased Loans subject to such Transactions (either such event, a “Margin Deficit”), then the related Buyer may, may by notice to Sellers, related Seller require Sellers related Seller in such Transactions to transfer to the related Buyer cash or, at the related Buyer’s option (and provided such Seller has additional Eligible AssetsLoans and agrees to do so), additional Eligible Assets Loans (“Additional Purchased AssetsLoans”) within one (1) Business Day of such notice by such Buyer, so that both (x) the cash and aggregate Market Value of the such Purchased AssetsLoans, including any such Additional Purchased AssetsLoans, will thereupon equal or exceed such aggregate MV Margin Amount, and (y) the cash and unpaid principal balance of such Purchased AssetsLoans, including any such Additional Purchased Assets and Purchased AssetsLoans, will therefore thereupon equal or exceed such aggregate Par Margin Amount (either such requirement, a “Margin Call”); provided that if Seller transfers cash, Buyer shall deposit such cash into a non-interest bearing account until the next succeeding Repurchase Date.

Appears in 1 contract

Samples: Master Repurchase Agreement (ECC Capital CORP)

Margin Maintenance. (a) If at any time, time either (i) the aggregate Market Value of all Purchased Assets subject to all Transactions is less than the aggregate MV Margin Amount for all Purchased Assets subject to such Transactions, or (ii) the aggregate unpaid principal balance of the Purchased Assets for all Purchased Loans subject to Transactions is less than the aggregate Par Margin Amount for all Purchased Loans subject to such Transactions (either such event, a "Margin Deficit"), then the Buyer may, by notice to SellersSeller, require Sellers in such Transactions Seller to transfer to the Buyer cash or, at the Buyer’s 's option (and provided Seller has additional Eligible Assets), additional Eligible Assets ("Additional Purchased Assets") within one (1) Business Day of such notice by such Buyer, so that both (x) the cash and aggregate Market Value of the such Purchased Assets, including any such Additional Purchased Assets, will thereupon equal or exceed such aggregate MV Margin Amount, and (y) the cash and unpaid principal balance of such Purchased Assets, including any such Additional Purchased Assets and any Purchased Assets, will therefore thereupon equal or exceed such aggregate Par Margin Amount (either such requirement, a "Margin Call"); provided that if . Any cash transferred by Seller transfers cash, Buyer in satisfaction of any such Margin Call shall deposit such cash be deposited into a non-interest bearing the account until the next succeeding Repurchase Datedesignated by Buyer.

Appears in 1 contract

Samples: Master Repurchase Agreement (Chimera Investment Corp)

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Margin Maintenance. (a) a. If at any time, time either (i) the aggregate Market Value of all Purchased Assets subject to all Transactions is less than the aggregate Buyer’s MV Margin Amount for all Purchased Assets subject to such Transactions, or (ii) the aggregate unpaid principal balance of the Purchased Assets for all Purchased Loans subject to Transactions is less than the sum of the aggregate Buyer’s Par Margin Amount for all Purchased Loans subject to such Transactions (either such event, a “Margin Deficit”), then the related Buyer may, may by notice to Sellers, Sellers require Sellers in such Transactions to transfer to the related Buyer cash or, at the related Buyer’s option (and provided Seller has Sellers have additional Eligible Assets), additional Eligible Assets (“Additional Purchased Assets”) within one (1) Business Day of such notice by Buyer), so that both (x) the cash and aggregate Market Value of the such Purchased Assets, including any such Additional Purchased Assets, will thereupon equal or exceed such aggregate Buyer’s MV Margin Amount, and (y) the cash and unpaid principal balance of such Purchased Assets, including any such Additional Purchased Assets and Purchased Assets, will therefore thereupon equal or exceed such aggregate Buyer’s Par Margin Amount (either such requirement, a “Margin Call”); provided that if Seller transfers cash, Buyer shall deposit such cash into a non-interest bearing account until the next succeeding Repurchase Date.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

Margin Maintenance. (a) If at any time, time either (i) the aggregate Market Value of all Purchased Assets Loans subject to all Transactions is less than the aggregate MV Margin Amount for all Purchased Assets subject to such Transactions, or (ii) the aggregate unpaid principal balance of all the Purchased Loans subject to for all Transactions is less than the aggregate Par Margin Amount for all Purchased Loans subject to such Transactions (either such event, a “Margin Deficit”), then the Buyer may, by notice to Sellersthe related Seller, require Sellers such Seller in such Transactions to transfer to the Buyer cash or, at the Buyer’s option (and provided such Seller has additional Eligible AssetsLoans), additional Eligible Assets Loans (“Additional Purchased AssetsLoans”) within one (1) Business Day of such notice by Buyer, so that both (x) the cash and aggregate Market Value of the Purchased AssetsLoans, including any such Additional Purchased AssetsLoans, will thereupon equal or exceed such aggregate MV Margin Amount, and (y) the cash and unpaid principal balance of such Purchased AssetsLoans, including any such Additional Purchased Assets Loans and Purchased AssetsLoans, will therefore equal or exceed such aggregate Par Margin Amount (either requirement, a “Margin Call); provided that if such Seller transfers cash, Buyer shall deposit such cash into a non-interest bearing account until the next succeeding Repurchase Date.

Appears in 1 contract

Samples: Master Repurchase Agreement (New York Mortgage Trust Inc)

Margin Maintenance. (a) If at any time, time either (i) the aggregate Market Value of all Purchased Assets Loans subject to all Transactions is less than the aggregate MV Margin Amount for all such Purchased Assets subject to Transactions, Loans or (ii) the aggregate unpaid principal balance of all the Purchased Loans subject to all Transactions is less than the aggregate Par Margin Amount for all such Purchased Loans subject to such Transactions (either such event, a “Margin Deficit”), then the Buyer may, by notice to SellersSeller, require Sellers Seller in such Transactions to transfer to the Buyer cash or, at the Buyer’s option (and provided Seller has additional Eligible AssetsLoans), additional Eligible Assets Loans (“Additional Purchased AssetsLoans”) within one (1) Business Day of such notice by Buyer, so that both (x) the cash and aggregate Market Value of the Purchased AssetsLoans, including any such Additional Purchased AssetsLoans, will thereupon equal or exceed such aggregate MV Margin Amount, and (y) the cash and unpaid principal balance of such Purchased AssetsLoans, including any such Additional Purchased Assets Loans and Purchased AssetsLoans, will therefore equal or exceed such aggregate Par Margin Amount (either requirement, a “Margin Call”); provided that if Seller transfers cash, Buyer shall deposit apply such cash into a non-interest bearing account until to the next succeeding Repurchase DatePurchase Price for such Purchased Loan.

Appears in 1 contract

Samples: Master Repurchase Agreement (Taberna Realty Finance Trust)

Margin Maintenance. (a) a. If at any time, time either (i) the aggregate Market Value of all Purchased Assets subject to all Transactions is less than the aggregate Buyer's MV Margin Amount for all such Transactions or (ii) the aggregate Market Value for all Purchased Assets subject to Transactions, or (ii) the aggregate unpaid principal balance of all Purchased Loans subject to Transactions is less than the aggregate Buyer's Par Margin Amount for all Purchased Loans subject to such Transactions (either such event, each a "Margin Deficit"), then the Buyer may, may by notice to Sellers, the Sellers require the Sellers in such Transactions to transfer to the Buyer Buyer, either cash or, at the Buyer’s option (and provided Seller has or additional Eligible Assets), additional Eligible Assets Loans acceptable to Buyer in its sole discretion ("Additional Purchased Assets”) within one (1) Business Day of such notice by Buyer"), so that both either (xa) with respect to any Margin Deficit pursuant to clause (i) above, the cash and aggregate Market Value of the Purchased Assets, including any such Additional Purchased Assets, will thereupon equal or exceed such aggregate Buyer's MV Margin Amount, and or (yb) with respect to any Margin Deficit pursuant to clause (ii) above, the cash and aggregate unpaid principal balance of such the Purchased Assets, including any such Additional Purchased Assets and Purchased Assets, will therefore thereupon equal or exceed such aggregate Buyer's Par Margin Amount (either such requirement, a "Margin Call"); provided that if Seller transfers cash, Buyer shall deposit such cash into a non-interest bearing account until the next succeeding Repurchase Date.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

Margin Maintenance. (a) If at any time, time either (i) the aggregate Market Value of all Purchased Assets Loans subject to all Transactions is less than the aggregate MV Margin Amount for all Purchased Assets subject to such Transactions, or (ii) the aggregate unpaid principal balance of all the Purchased Loans subject to for all Transactions is less than the sum of the aggregate Par Margin Amount for all Purchased Loans subject to such Transactions (either such event, a “Margin Deficit”), then the related Buyer may, may by notice to Sellers, Seller require Sellers Seller in such Transactions to transfer to the related Buyer cash or, at the related Buyer’s option (and provided Seller has additional Eligible AssetsLoans), additional Eligible Assets Loans (“Additional Purchased AssetsLoans”) within one (1) Business Day of such notice by such Buyer, so that both (x) the cash and aggregate Market Value of the such Purchased AssetsLoans, including any such Additional Purchased AssetsLoans, will thereupon equal or exceed such aggregate MV Margin Amount, and (y) the cash and unpaid principal balance of such Purchased AssetsLoans, including any such Additional Purchased Assets Loans and any Purchased AssetsLoans, will therefore thereupon equal or exceed such aggregate Par Margin Amount (either such requirement, a “Margin Call”); provided that if Seller transfers cash, Buyer shall deposit such cash into a non-interest bearing account until the next succeeding Repurchase Date.

Appears in 1 contract

Samples: Master Repurchase Agreement (New York Mortgage Trust Inc)

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