Modification of Repurchase Agreement. The Repurchase Agreement is hereby modified as of the Effective Date as follows:
(a) The following definitions in Section 2 of the Repurchase Agreement are hereby deleted in their entirety and the following corresponding definitions are substituted therefor:
Modification of Repurchase Agreement. The following definition in Article 2 of the Repurchase Agreement is hereby deleted in its entirety with the version below substituted therefor:
Modification of Repurchase Agreement. The Repurchase Agreement is hereby modified as of the Effective Date as follows:
(a) The following defined terms set forth in Section 2 of the Repurchase Agreement and any references thereto in the Repurchase Agreement are hereby deleted in their entirety: “CAD Reference Banks”, “CDOR Rate”, “CDOR Rate Based Transaction” and “CDOR Screen Rate”.
(b) The following defined terms are hereby added to Section 2 of the Repurchase Agreement in their appropriate alphabetical location:
Modification of Repurchase Agreement. The Repurchase Agreement is hereby modified as of the Effective Date as follows:
(a) The following definitions in Section 2 of the Repurchase Agreement are hereby deleted in their entirety and any references to such terms in the Transaction Documents shall be deemed deleted and of no further force and effect: ACTIVE 271094963 105552429_1 “EURIBOR”, “EURIBOR Screen Rate”, “Foreign Purchased Asset (GBP)”, “Purchase Date Spot Rate (GBP)” and “LIBOR Screen Rate”.
(b) The following definitions in Section 2 of the Repurchase Agreement are hereby deleted in their entirety and the following corresponding definitions are substituted therefor:
Modification of Repurchase Agreement. The Repurchase Agreement is hereby modified as of the Effective Date as follows:
(a) Sections 5(d) and 5(e) of the Repurchase Agreement are hereby deleted in their entirety and replaced with the following:
(d) So long as no Event of Default shall have occurred and be continuing, all Income received by the Depository in respect of the Purchased Loans and the associated Hedging Transactions (other than Principal Payments in full (whether scheduled or unscheduled) and net sale proceeds) and any deposits to reserve accounts made pursuant to the terms of the Purchased Loan Documents during each Collection Period shall be remitted by the Depository on the next Business Day to the account of Seller specified in the Confirmation.”
(e) So long as no Event of Default shall have occurred and be continuing, all Principal Payments in full in respect of each Purchased Loan (whether scheduled or unscheduled) received by the Depository during each Collection Period shall be paid to Buyer on the next Remittance Date first in the amount necessary to reduce the Purchase Price of such Purchased Loan to zero and then to the extent necessary to cause the Purchase Price with respect to each other Purchased Loan to equal the product of the related Market Value and the applicable Purchase Percentage. Any Principal Payments not paid to Buyer pursuant to the preceding sentence on each Remittance Date shall be remitted to Seller.”
Modification of Repurchase Agreement. The Repurchase Agreement is hereby modified as of the Effective Date as follows:
(a) The following definitions in Article 2 of the Repurchase Agreement are hereby deleted in their entirety: “Applicable Index”, “Conforming Changes”, “Index”, “Index Rate”, “Index Transition”, “Index Transition Date”, “Index Transition Event”, “Index Transition Notice”, “Interest Determination”, “ISDA Fallback Adjustment”, “ISDA Fallback Rate”, “London Business Day”, “Market Practice”, “Rate Adjustment”, “Relevant Governmental Body” and “Replacement Index”.
(b) The following definitions in Article 2 of the Repurchase Agreement are hereby deleted in their entirety and the following corresponding definitions are substituted therefor:
Modification of Repurchase Agreement. The Repurchase Agreement is hereby modified as of the Effective Date as follows:
(a) The following definitions in Article 2 of the Repurchase Agreement are hereby deleted in their entirety and any references to such terms in the Transaction Documents shall be deemed deleted and of no further force and effect: “Compounded SOFR”, “Corresponding Tenor”, “Early Opt-in Election”, “ISDA”, “ISDA Definitions” and “Term SOFR Transition Event”.
(b) The following definitions in Article 2 of the Repurchase Agreement are hereby deleted in their entirety and the following corresponding definitions are substituted therefor:
Modification of Repurchase Agreement. This Amendment is limited precisely as written and shall not be deemed to (a) be a consent to a waiver or modification of any other term or condition of the Repurchase Agreement, the other Program Documents or any of the documents referred to therein or executed in connection therewith or (b) prejudice any right or rights the Buyer may now have or may have in the future under or in connection with the Repurchase Agreement, the other Program Documents or any documents referred to therein or executed in connection therewith.
Modification of Repurchase Agreement. The Repurchase Agreement is hereby modified as of the Effective Date as follows:
(a) The following defined terms set forth in Article 2 of the Repurchase Agreement and any references thereto in the Repurchase Agreement are hereby deleted in their entirety: “Foreign Purchased Loan (GBP) Transition Date”, “LIBOR”, “LIBO Rate”, “LIBOR Based Transaction”, “LIBOR Screen Rate” and “Pricing Matrix”.
(b) The following definitions in Section 2 of the Repurchase Agreement are hereby deleted in their entirety and the following corresponding definitions are substituted therefor:
Modification of Repurchase Agreement. Guarantor authorizes Lender (whether or not after termination of this Guaranty), without notice or demand (except as shall be required by applicable statute which cannot be waived), and without affecting or impairing its liability hereunder, from time to time to (a) renew, compromise, extend, increase, accelerate or otherwise change the time for payment of, or otherwise change the terms of, Obligations or any part thereof, including increase or decrease of the rate of interest thereon; (b) take and hold security for the payment of this Guaranty or the Obligations and exchange, enforce, waive and release any such security; (c) apply such security and direct the order or manner of sale thereof as Lender in its discretion may determine; and (d) release or substitute any one or more endorsers, guarantors, Borrower or other obligors. Lender may, without notice to or the further consent of Borrower or Guarantor, assign this Guaranty in whole or in part to any person acquiring an interest in the Obligations.
