New Markets. No Borrower shall acquire Rental Properties located in any New Market on any date if the acquisition of such Rental Property would cause the aggregate percentage of Rental Properties acquired in New Markets (by BPO Value) as of such date to equal or exceed fifteen percent (15%) of the Committed Amount.
Appears in 2 contracts
Samples: Loan and Security Agreement (Front Yard Residential Corp), Loan and Security Agreement (Altisource Residential Corp)
New Markets. No Borrower shall acquire Rental Properties located in any New Market on any date if the acquisition of such Rental Property would cause the aggregate percentage of Rental Properties acquired in New Markets (by BPO Value) as of such date to equal or exceed fifteen percent (15%) of the Committed Aggregate Advance Amount.
1.10 Section 13(ff) of the Existing Loan Agreement is hereby amended and restated in its entirety to read as follows:
Appears in 1 contract
Samples: Loan and Security Agreement (Front Yard Residential Corp)
New Markets. No Borrower shall acquire Rental Properties located in any New Market on any date if the acquisition of such Rental Property would cause the aggregate percentage of Rental Properties acquired in New Markets (by BPO Value) as of such date to equal or exceed fifteen percent (15%) of the Committed Maximum Aggregate Advance Amount.
Appears in 1 contract
Samples: Loan and Security Agreement (Altisource Residential Corp)
