Mortgage Assets. Seller shall not own, as of any applicable date, Mortgage Assets in excess of (i) on December 31, 2012, $650 billion, or (ii) on December 31 of each year thereafter, 85.0% of the aggregate amount of Mortgage Assets that Seller was permitted to own as of December 31 of the immediately preceding calendar year; provided, that in no event shall Seller be required under this Section 5.7 to own less than $250 billion in Mortgage Assets.
Appears in 6 contracts
Samples: Senior Preferred Stock Purchase Agreement, Senior Preferred Stock Purchase Agreement, Senior Preferred Stock Purchase Agreement
Mortgage Assets. Seller shall not own, as of any applicable date, Mortgage Assets in excess of (i) on December 31, 20122009, $650 850 billion, or (ii) on December 31 of each year thereafter, 85.090.0% of the aggregate amount of Mortgage Assets that of Seller was permitted to own as of December 31 of the immediately immedi- ately preceding calendar year; provided, that in no event shall Seller be required under this Section Sec- tion 5.7 to own less than $250 billion in Mortgage Assets.
Appears in 6 contracts
Samples: Senior Preferred Stock Purchase Agreement, Senior Preferred Stock Purchase Agreement, Senior Preferred Stock Purchase Agreement
Mortgage Assets. Seller shall not own, as of any applicable date, Mortgage Assets in excess of (i) on December 31, 20122009, $650 900 billion, or (ii) on December 31 of each year thereafter, 85.090.0% of the aggregate amount of Mortgage Assets that Seller was permitted to own as of December 31 of the immediately preceding calendar year; provided, that in no event shall Seller be required under this Section 5.7 to own less than $250 billion in Mortgage Assets.
Appears in 6 contracts
Samples: Senior Preferred Stock Purchase Agreement, Senior Preferred Stock Purchase Agreement, Senior Preferred Stock Purchase Agreement
Mortgage Assets. Seller shall not own, as of any applicable date, Mortgage Assets in excess of (i) on December 31, 20122009, $650 900 billion, or (ii) on December 31 of each year thereafter, 85.090.0% of the aggregate amount of Mortgage Assets that of Seller was permitted to own as of December 31 of the immediately preceding calendar year; provided, that in no event shall Seller be required under this Section 5.7 to own less than $250 billion in Mortgage Assets.
Appears in 6 contracts
Samples: Senior Preferred Stock Purchase Agreement, Senior Preferred Stock Purchase Agreement, Senior Preferred Stock Purchase Agreement
Mortgage Assets. Seller shall not own, as of any applicable date, Mortgage Assets in excess of (i) on December 31, 20122009, $650 850 billion, or (ii) on December 31 of each year thereafter, 85.090.0% of the aggregate amount of Mortgage Assets that of Seller was permitted to own as of December 31 of the immediately preceding calendar year; provided, that in no event shall Seller be required under this Section 5.7 to own less than $250 billion in Mortgage Assets.
Appears in 5 contracts
Samples: Senior Preferred Stock Purchase Agreement, Senior Preferred Stock Purchase Agreement, Senior Preferred Stock Purchase Agreement (Federal National Mortgage Association Fannie Mae)
Mortgage Assets. Seller shall not own, as of any applicable date, Mortgage Assets in excess of of
(i) on December 31, 20122009, $650 850 billion, or (ii) on December 31 of each year thereafter, 85.090.0% of the aggregate amount of Mortgage Assets that of Seller was permitted to own as of December 31 of the immediately preceding calendar year; provided, that in no event shall Seller be required under this Section 5.7 to own less than $250 billion in Mortgage Assets.
Appears in 2 contracts
Samples: Senior Preferred Stock Purchase Agreement, Senior Preferred Stock Purchase Agreement
