Common use of No Market Events Clause in Contracts

No Market Events. None of the following shall have occurred and/or be continuing: (i) an event or events shall have occurred resulting in the effective absence of a "repo market" or comparable "lending market" for financing debt obligations secured by mortgage loans or securities or an event or events shall have occurred resulting in the Lender not being able to finance any Mortgage Loans through the "repo market" or "lending market" with traditional counterparties at rates which would have been reasonable prior to the occurrence of such event or events; (ii) an event or events shall have occurred resulting in the effective absence of a "securities market" for securities backed by mortgage loans or an event or events shall have occurred resulting in the Lender not being able to sell securities backed by mortgage loans at prices which would have been reasonable prior to such event or events; or (iii) there shall have occurred a material adverse change in the financial condition of the Lender which affects (or can reasonably be expected to affect) materially and adversely the ability of the Lender to fund its obligations under this Loan Agreement; and

No Market Events. None of the following shall have occurred and/or be continuing: (i) an event or events shall have occurred resulting in the effective absence of a "“repo market" ” or comparable "“lending market" ” for financing debt obligations secured by mortgage loans or securities or an event or events shall have occurred resulting in the Lender not being able to finance any Mortgage Loans through the "“repo market" ” or "“lending market" ” with traditional counterparties at rates which would have been reasonable prior to the occurrence of such event or events; (ii) an event or events shall have occurred resulting in the effective absence of a "“securities market" ” for securities backed by mortgage loans or an event or events shall have occurred resulting in the Lender not being able to sell securities backed by mortgage loans at prices which would have been reasonable prior to such event or events; or (iii) there shall have occurred a material adverse change in the financial condition of the Lender which affects (or can reasonably be expected to affect) materially and adversely the ability of the Lender to fund its obligations under this Loan Agreement; and

No Market Events. None With respect to all Transaction Assets except the Initial Transaction Asset and the DYT Assets, none of the following shall have occurred and/or be continuing: (i) an any material change in financial markets, outbreak or escalation of hostilities or material change in national or international political, financial or economic conditions or any other event or events shall have occurred resulting in the effective absence of a "“repo market" ” or comparable "“lending market" ” for financing debt obligations secured by mortgage loans or securities or an event or events shall have occurred resulting in the Lender Buyer not being able to finance any Mortgage Loans Eligible Transaction Asset through the "“repo market" ” or "“lending market" ” with traditional counterparties at rates which would have been reasonable prior to the occurrence of such event or events; (ii) an event or events (including, without limitation, a general suspension of trading on major stock exchanges or a disruption in or moratorium on commercial banking activities or securities settlement services) shall have occurred resulting in the effective absence of a "“securities market" ” for securities backed by mortgage loans or an event or events shall have occurred resulting in the Lender Buyer not being able to sell securities backed by mortgage loans at prices which would have been reasonable prior to such event or events; or (iii) there shall have occurred a material adverse change in the financial condition of the Lender Buyer which affects (or can reasonably be expected to affect) materially and adversely the ability of the Lender Buyer to fund its obligations under this Loan Agreement; Agreement ;and

No Market Events. None of the following shall have occurred and/or be continuing: (i) an event or events shall have occurred resulting in the effective absence of a "repo market" or comparable "lending market" for financing debt obligations secured by mortgage loans or securities or an event or events shall have occurred resulting in the Lender not being able to finance any Mortgage Loans through the "repo market" or "lending market" with traditional counterparties at rates which would have been reasonable prior to the occurrence of such event or events;; or (ii) an event or events shall have occurred resulting in the effective absence of a "securities market" for securities backed by mortgage loans or an event or events shall have occurred resulting in the Lender not being able to sell securities backed by mortgage loans at prices which would have been reasonable prior to such event or events; or (iii) there shall have occurred a material adverse change in the financial condition of the Lender which affects (or can reasonably be expected to affect) materially and adversely the ability of the Lender to fund its obligations under this Loan Agreement; and;

No Market Events. None of the following shall have occurred and/or be continuing: (i) an event or events shall have occurred resulting in the effective absence of a "“repo market" ” or comparable "“lending market" ” for financing debt obligations secured by mortgage loans or securities or an event or events shall have occurred resulting in the Lender any Buyer not being able to finance any Eligible Mortgage Loans through the "“repo market" ” or "“lending market" ” with traditional counterparties at rates which would have been reasonable prior to the occurrence of such event or events; (ii) an event or events shall have occurred resulting in the effective absence of a "“securities market" ” for securities backed by mortgage loans or an event or events shall have occurred resulting in the Lender any Buyer not being able to sell securities backed by mortgage loans at prices which would have been reasonable prior to such event or events; or (iii) there shall have occurred a material adverse change in the financial condition of the Lender any Buyer which affects (or can reasonably be expected to affect) materially and adversely the ability of the Lender such Buyer to fund its obligations under this Loan Repurchase Agreement; andprovided, however, that if any such events shall have occurred or be continuing and any Buyer shall have determined, in its sole discretion, to not enter into any additional Transactions, then the Sellers shall be reimbursed a pro rata portion of the fees actually paid pursuant to Section 3.04.

No Market Events. None of the following shall have occurred and/or be continuing: (i) an event or events shall have occurred resulting in the effective absence of a "“repo market" ” or comparable "“lending market" ” for financing debt obligations secured by mortgage loans or securities or an event or events shall have occurred resulting in the Lender Buyer not being able to finance any Mortgage Loans mortgage loans through the "“repo market" ” or "“lending market" ” with traditional counterparties at rates which would have been reasonable prior to the occurrence of such event or events; (ii) an event or events shall have occurred resulting in the effective absence of a "“securities market" ” for securities backed by mortgage loans or an event or events shall have occurred resulting in the Lender Buyer not being able to sell securities backed by mortgage loans at prices which would have been reasonable prior to such event or events; or (iii) there shall have occurred a material adverse change in the financial condition of the Lender Buyer which affects (or can reasonably be expected to affect) materially and adversely the ability of the Lender Buyer to fund its obligations under this Loan Repurchase Agreement; and;

No Market Events. None of the following shall have occurred and/or be continuing: (i) an event or events shall have occurred resulting in the effective absence of a "repo market" or comparable "lending market" for financing debt obligations secured by mortgage loans or securities or an event or events shall have occurred resulting in the Lender not being able to finance any Mortgage Loans through the "repo market" or "lending market" with traditional counterparties at rates which would have been reasonable prior to the occurrence of such event or events; (ii) an event or events shall have occurred resulting in the effective absence of a "securities market" for securities backed by mortgage loans or an event or events shall have occurred resulting in the Lender not being able to sell securities backed by mortgage loans at prices which would have been reasonable prior to such event or events; or (iii) there shall have occurred a material adverse change in the financial condition of the Lender which affects (or can reasonably be expected to affect) materially and adversely the ability of the Lender to fund its obligations under this Loan Agreement; and;

No Market Events. None of the following shall have occurred and/or be continuing: (i) an event or events shall have occurred resulting in the effective absence of a "repo market" or comparable "lending market" for financing debt obligations secured by mortgage loans or securities or an event or events shall have occurred resulting in the Lender Buyers not being able to finance any Mortgage Loans through the "repo market" or "lending market" with traditional counterparties at rates which would have been reasonable prior to the occurrence of such event or events; (ii) an event or events shall have occurred resulting in the effective absence of a "securities market" for securities backed by mortgage loans or an event or events shall have occurred resulting in the Lender Buyers not being able to sell securities backed by mortgage loans at prices which would have been reasonable prior to such event or events; or (iii) there shall have occurred a material adverse change in the financial condition of the Lender any Buyer which affects (or can reasonably be expected to affect) materially and adversely the ability of the Lender such Buyer to fund its obligations under this Loan Repurchase Agreement; and;

No Market Events. None of the following shall have occurred and/or be continuing: (i) an event or events shall have occurred resulting in the effective absence of a "repo market" or comparable "lending market" for financing debt obligations secured by mortgage loans or securities or an event or events shall have occurred resulting in the Lender Lenders not being able to finance any Mortgage Loans through the "repo market" or "lending market" with traditional counterparties at rates which would have been reasonable prior to the occurrence of such event or events; (ii) an event or events shall have occurred resulting in the effective absence of a "securities market" for securities backed by mortgage loans or an event or events shall have occurred resulting in the Lender Lenders not being able to sell securities backed by mortgage loans at prices which would have been reasonable prior to such event or events; or (iii) there shall have occurred a material adverse change in the financial condition of the any Lender which affects (or can reasonably be expected to affect) materially and adversely the ability of the such Lender to fund its obligations under this Loan Agreement; and;