Mortgage Assets. Seller shall not own, as of any applicable date, Mortgage Assets in excess of (i) on December 31, 2009, $850 billion, or (ii) on December 31 of each year thereafter, 90.0% of the aggregate amount of Mortgage Assets of Seller as of December 31 of the immedi- ately preceding calendar year; provided, that in no event shall Seller be required under this 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, 2009, $850 900 billion, or (ii) on December 31 of each year thereafter, 90.0% of the aggregate amount of Mortgage Assets of Seller as of December 31 of the immedi- ately immediately preceding calendar year; provided, that in no event shall Seller be required under this Sec- tion 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, 2009, $850 billion, or (ii) on December 31 of each year thereafter, 90.0% of the aggregate amount of Mortgage Assets of Seller as of December 31 of the immedi- ately immediately preceding calendar year; provided, that in no event shall Seller be required under this Sec- tion 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, 20092012, $850 650 billion, or (ii) on December 31 of each year thereafter, 90.085.0% of the aggregate amount of Mortgage Assets of that Seller was permitted to own as of December 31 of the immedi- ately immediately preceding calendar year; provided, that in no event shall Seller be required under this Sec- tion 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, 2009, $850 900 billion, or (ii) on December 31 of each year thereafter, 90.0% of the aggregate amount of Mortgage Assets of that Seller was permitted to own as of December 31 of the immedi- ately immediately preceding calendar year; provided, that in no event shall Seller be required under this Sec- tion 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
