Common use of Minimum Liquid Assets Clause in Contracts

Minimum Liquid Assets. Seller shall maintain Total Eligible Liquidity of not less than $1,000,000.00. “Total Eligible Liquidity” means, at any particular time, the sum of Seller’s cash, cash equivalents (certificates of deposit and other depository accounts established at FDIC-insured banks), United States government-issued securities and other registered, unrestricted equity or debt securities which are publicly traded on a recognized United States exchange and have been approved by Bank, in its sole and absolute discretion and which, in all events, are held in Seller’s name and are free and clear of all Liens (except Liens in favor of Bank), as calculated and determined as set forth in Exhibit E-1 attached hereto.

Appears in 3 contracts

Samples: Mortgage Warehouse Agreement, Mortgage Warehouse Agreement (Redfin CORP), Mortgage Warehouse Agreement (Redfin CORP)

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Minimum Liquid Assets. Seller shall maintain Total Eligible Liquidity of not less than $1,000,000.00[***]. "Total Eligible Liquidity" means, at any particular time, the sum of Seller’s 's cash, cash equivalents (certificates of deposit and other depository accounts established at FDIC-insured banks), United States government-issued securities and other registered, unrestricted equity or debt securities which are publicly traded on a recognized United States exchange and have been approved by Bank, in its sole and absolute discretion and which, in all events, are held in Seller’s 's name and are free and clear of all Liens (except Liens in favor of Bank), as calculated and determined as set forth in Exhibit E-1 A attached hereto.

Appears in 2 contracts

Samples: Terms Agreement (Home Point Capital Inc.), Terms Agreement (Home Point Capital Inc.)

Minimum Liquid Assets. Seller shall maintain Total Eligible Liquidity of not less than $1,000,000.00[***]. “Total Eligible Liquidity” means, at any particular time, the sum of Seller’s cash, cash equivalents (certificates of deposit and other depository accounts established at FDIC-insured banks), United States government-issued securities and other registered, unrestricted equity or debt securities which are publicly traded on a recognized United States exchange and have been approved by Bank, in its sole and absolute discretion and which, in all events, are held in Seller’s name and are free and clear of all Liens (except Liens in favor of Bank), as calculated and determined as set forth in Exhibit E-1 attached hereto.

Appears in 1 contract

Samples: Mortgage Warehouse Agreement (Caliber Home Loans, Inc.)

Minimum Liquid Assets. Seller shall maintain Total Eligible Liquidity of not less than $1,000,000.00[***]. "Total Eligible Liquidity" means, at any particular time, the sum of Seller’s 's cash, cash equivalents (certificates of deposit and other depository accounts established at FDIC-insured banks), United States government-issued securities and other registered, unrestricted equity or debt securities which are publicly traded on a recognized United States exchange and have been approved by Bank, in its sole and absolute discretion and which, in all events, are held in Seller’s 's name and are free and clear of all Liens (except Liens in favor of Bank), as calculated and determined as set forth in Exhibit E-1 attached hereto.

Appears in 1 contract

Samples: Pledge Agreement (Home Point Capital Inc.)

Minimum Liquid Assets. Seller shall maintain Total Eligible Liquidity of not less than $1,000,000.00[***]. “Total Eligible Liquidity” means, at any particular time, the sum of Seller’s cash, cash equivalents (certificates of deposit and other depository accounts established at FDIC-insured banks), United States government-issued securities and other registered, unrestricted equity or debt securities which are publicly traded on a recognized United States exchange and have been approved by Bank, in its sole and absolute commercially reasonable discretion and which, in all events, are held in Seller’s name and are free and clear of all Liens (except Liens in favor of Bank), as calculated and determined as set forth in Exhibit E-1 attached hereto.

Appears in 1 contract

Samples: Mortgage Warehouse Agreement (AmeriHome, Inc.)

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Minimum Liquid Assets. Seller shall maintain Total Eligible Liquidity of not less than $1,000,000.00. [***] “Total Eligible Liquidity” means, at any particular time, the sum of Seller’s 's cash, cash equivalents (certificates of deposit and other depository accounts established at FDIC-insured banks), United States government-issued securities and other registered, unrestricted equity or debt securities which are publicly traded on a recognized United States exchange and have been approved by Bank, in its sole and absolute discretion and which, in all events, are held in Seller’s 's name and are free and clear of all Liens (except Liens in favor of Bank), as calculated and determined as set forth in Exhibit E-1 attached hereto.

Appears in 1 contract

Samples: Mortgage Warehouse Agreement (Home Point Capital Inc.)

Minimum Liquid Assets. Seller shall maintain Total Eligible Liquidity of not less than $1,000,000.00. "Total Eligible Liquidity" means, at any particular time, the sum of Seller’s 's cash, cash equivalents (certificates of deposit and other depository accounts established at FDIC-FDIC- insured banks), United States government-issued securities and other registered, unrestricted equity or debt securities which are publicly traded on a recognized United States exchange and have been approved by Bank, in its sole and absolute discretion and which, in all events, are held in Seller’s 's name and are free and clear of all Liens (except Liens in favor of Bank), as calculated and determined as set forth in Exhibit E-1 attached hereto.

Appears in 1 contract

Samples: Mortgage Warehouse Agreement (EXP World Holdings, Inc.)

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