MODIFICATIONS TO MASTER REPURCHASE AGREEMENT Sample Clauses

MODIFICATIONS TO MASTER REPURCHASE AGREEMENT. (a) Paragraph 1 of the Master Repurchase Agreement is hereby deleted in its entirety and the following is substituted therefor: “On the Purchase Date the parties hereto shall enter into a transaction in which Seller agrees to sell the Purchased Assets to Buyer, against the transfer of funds (net of any fees) by Buyer, with a simultaneous agreement by Buyer to sell to Seller the Purchased Assets on the Repurchase Date, against the transfer of funds by Seller. The transaction is referred to herein as the “Transaction” and, unless otherwise agreed in writing, shall be governed by this Repurchase Agreement, including any supplemental terms or conditions contained in Annex I hereto and in any other annexes identified herein or therein as applicable hereunder.”
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MODIFICATIONS TO MASTER REPURCHASE AGREEMENT. (a) All references to Buyer in the Master Repurchase Agreement shall be deemed to be references to MLMCI and all references to Seller in the Master Repurchase Agreement shall be deemed to be references to Seller as specified in these Supplemental Terms.
Sample 1
MODIFICATIONS TO MASTER REPURCHASE AGREEMENT. (a) Paragraph 3(a) of the Master Repurchase Agreement is hereby deleted in its entirety and the following is substituted therefor: “The Agent, on behalf of the Buyers, in its sole discretion, may from time to time purchase from a Seller certain Securities which are Eligible Assets. Each Transaction hereunder shall be effected by a Seller delivering to the Agent a duly completed, irrevocable Funding Request no later than 5:00 p.m. (Charlotte, North Carolina time) at least ten (10) Business Days, or in the case of a Purchased Security originated by the WCM or Wachovia five (5) Business Days, prior to the proposed Purchase Date. Such Funding Request shall describe the Purchased Securities and set forth (i) the proposed Purchase Date, (ii) the proposed Purchase Price, (iii) the proposed Repurchase Date, (iv) the Pricing Rate applicable to the Transaction and (v) any additional terms or conditions not inconsistent with this Repurchase Agreement and shall be accompanied by the Underwriting Package with respect to each Security. Each Funding Request shall be in the form attached hereto as Exhibit A and shall be irrevocable. Upon receipt of the complete Underwriting Package, Agent shall notify the Seller of its approval or disapproval of each proposed Security within ten (10) Business Days after such receipt; provided, that with respect to any Transaction Request pertaining to a pool consisting of more than three (3) proposed Securities, the Agent may notify the Seller of its approval or disapproval of such proposed Securities after such ten (10) Business Day period, provided such notice is given as soon as practicable after the expiration of such period. With respect to any Funding Request delivered by Seller to Agent that relates to a Security comprised of CMBS, RMBS, ABS, Home Equity ABS or Corporate Debt that is rated by only one Rating Agency, Agent, in its sole and absolute discretion, may waive the requirement for such Security to be rated by two separate Rating Agencies as required in the related definition of such Security provided that Agent shall have the right, in its sole and absolute discretion, to increase the related Pricing Spread by up to ten (10) basis points and decrease the related Purchase Rate by up to ten (10) percentage points from the related rates set forth on Schedule 2 upon notice to Seller prior to the Purchase Date. On the Purchase Date for each Transaction, ownership of the related Purchased Securities shall be transferred to the Ag...
Sample 1
MODIFICATIONS TO MASTER REPURCHASE AGREEMENT. (a) All references to Buyer in the Master Repurchase Agreement shall be deemed to be references to First Nationwide Mortgage Corporation and all references to Seller in the Master Repurchase Agreement shall be deemed to be references to Lomas Mortgage USA, Inc.
Sample 1
MODIFICATIONS TO MASTER REPURCHASE AGREEMENT. (a) (i) The Master Repurchase Agreement is hereby modified by replacing every reference to a "
Sample 1

Related to MODIFICATIONS TO MASTER REPURCHASE AGREEMENT

  • Amendments to the Receivables Purchase Agreement The Receivables Purchase Agreement is hereby amended as follows:

  • Amendments to Repurchase Agreement The Repurchase Agreement is hereby amended as follows:

  • REVERSE REPURCHASE AGREEMENTS 1. Promptly after the Fund enters a Reverse Repurchase Agreement with respect to Securities and money held by the Custodian hereunder, the Fund shall deliver to the Custodian a Certificate, or in the event such Reverse Repurchase Agreement is a Money Market Security, a Certificate, Oral Instructions, or Written Instructions specifying: (a) the Series for which the Reverse Repurchase Agreement is entered; (b) the total amount payable to the Fund in connection with such Reverse Repurchase Agreement and specifically allocated to such Series; (c) the broker, dealer, or financial institution with whom the Reverse Repurchase Agreement is entered; (d) the amount and kind of Securities to be delivered by the Fund to such broker, dealer, or financial institution; (e) the date of such Reverse Repurchase Agreement; and (f) the amount of cash and/or the amount and kind of Securities, if any, specifically allocated to such Series to be deposited in a Senior Security Account for such Series in connection with such Reverse Repurchase Agreement. The Custodian shall, upon receipt of the total amount payable to the Fund specified in the Certificate, Oral Instructions, or Written Instructions make the delivery to the broker, dealer, or financial institution and the deposits, if any, to the Senior Security Account, specified in such Certificate, Oral Instructions, or Written Instructions.

  • Amendments to Purchase Agreement 11. The parties agree that the Purchase Agreement shall be amended, solely with respect to the Mortgage Loans, as follows:

  • Amendments to the Purchase Agreement The Purchase Agreement is hereby amended as follows:

  • Repurchase Agreements With respect to all agreements pursuant to which the Company or any of its Subsidiaries has purchased securities subject to an agreement to resell, if any, the Company or any of its Subsidiaries, as the case may be, has a valid, perfected first lien or security interest in the government securities or other collateral securing the repurchase agreement, and, as of the date hereof, the value of such collateral equals or exceeds the amount of the debt secured thereby.

  • Amendment to Purchase Agreement The Purchase Agreement is hereby amended as follows:

  • Repurchase Agreement Upon the receipt of payment in connection with any repurchase agreement related to such securities entered into by the Fund; 3)

  • of the Purchase Agreement Section 2.5 of the Purchase Agreement is hereby amended and restated in its entirety to read as follows:

  • Amendments to Note Purchase Agreement Subject to the satisfaction of the conditions precedent set forth herein and in reliance on the representations, warranties and covenants of the Companies set forth herein and in the Note Purchase Agreement, each party hereto hereby agrees that the Note Purchase Agreement be and hereby is, amended as follows:

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