PAYMENT, TRANSFER AND CUSTODY. (a) Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer, in accordance with the wiring instructions set forth on Schedule 2 hereto, not later than 3:00 p.m., New York City time, on the date on which such payment shall become due (and each such payment made after such time shall be deemed to have been made on the next succeeding Business Day). Each Seller acknowledges that it has no rights of withdrawal from the foregoing account.
Appears in 3 contracts
Samples: Master Repurchase Agreement (Gramercy Capital Corp), Repurchase Agreement (Gramercy Capital Corp), Master Repurchase Agreement (Capital Lease Funding Inc)
PAYMENT, TRANSFER AND CUSTODY. (a) Unless otherwise mutually agreed in writing, all transfers of funds to be made by each Seller hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyerthe Agent, in accordance with the wiring instructions set forth on Schedule 2 hereto, not later than 3:00 p.m., New York City time, on the date on which such payment shall become due (and each such payment made after such time shall be deemed to have been made on the next succeeding Business Day). Each Seller acknowledges that it has no rights of withdrawal from the foregoing account.
Appears in 2 contracts
Samples: Master Repurchase Agreement (Gramercy Capital Corp), Master Repurchase Agreement (Gramercy Capital Corp)
PAYMENT, TRANSFER AND CUSTODY. (a) Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall will be made in Dollars, in immediately available funds, without deduction, set-off set off, or counterclaim, to Buyer, Buyer at the account detailed in accordance with the wiring instructions set forth on Schedule 2 hereto, not 3 hereto no later than 3:00 p.m., p.m. (New York City time), on the date on which such payment shall become is due (and each such payment made after such time shall will be deemed to have been made on the next succeeding Business Day). Each Seller acknowledges that it has no rights of withdrawal from the foregoing account.
Appears in 1 contract
PAYMENT, TRANSFER AND CUSTODY. (a) Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall will be made in Dollars, in immediately available funds, without deduction, set-set off or counterclaim, to Buyer, Buyer at the account detailed in accordance with the wiring instructions set forth on Schedule 2 hereto, not 4 no later than 3:00 p.m., 4:00 p.m. New York City time, on the date on which such payment shall become is due (and each such payment made after such time shall will be deemed to have been made on the next succeeding Business Day). Each Seller acknowledges that it has no rights of withdrawal from the foregoing account.
Appears in 1 contract
Samples: Master Repurchase Agreement (Pennymac Financial Services, Inc.)
PAYMENT, TRANSFER AND CUSTODY. (a) Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller Sellers hereunder shall will be made in Dollars, in immediately available funds, without deduction, set-set off or counterclaim, to Buyer, Buyer at the account detailed in accordance with the wiring instructions set forth on Schedule 2 hereto, not 4 no later than 3:00 p.m., 4:00 p.m. New York City time, on the date on which such payment shall become is due (and each such payment made after such time shall will be deemed to have been made on the next succeeding Business Day). Each Seller acknowledges that it has no rights of withdrawal from the foregoing account.
Appears in 1 contract
Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)
PAYMENT, TRANSFER AND CUSTODY. (a) Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller the Sellers hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to the Buyer at the following account maintained by the Buyer, in accordance with the wiring instructions set forth on Schedule 2 hereto: , not later than 3:00 p.m., 5:00 p.m. New York City time, on the date on which such payment shall become due (and each such payment made after such time shall be deemed to have been made on the next succeeding Business Day). Each Seller acknowledges The Sellers acknowledge that it has they have no rights of withdrawal from the foregoing account.
Appears in 1 contract
Samples: Master Repurchase Agreement (Fieldstone Investment Corp)
PAYMENT, TRANSFER AND CUSTODY. (a) Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller Sellers hereunder shall will be made in Dollars, in immediately available funds, without deduction, set-set off or counterclaim, to Buyer, Buyer at the account detailed in accordance with the wiring instructions set forth on Schedule 2 hereto, not 4 no later than 3:00 p.m., 5:00 p.m. (New York City time), on the date on which such payment shall become is due (and each such payment made after such time shall will be deemed to have been made on the next succeeding Business Day). Each Seller acknowledges that it has no rights of withdrawal from the foregoing account.
Appears in 1 contract
Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)
PAYMENT, TRANSFER AND CUSTODY. (a) Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller Sellers hereunder shall will be made in Dollars, in immediately available funds, without deduction, set-set off or counterclaim, to Buyer, Buyer at the account detailed in accordance with the wiring instructions set forth on Schedule 2 hereto, not 4 hereto no later than 3:00 p.m., p.m. (New York City time), on the date on which such payment shall become is due (and each such payment made after such time shall will be deemed to have been made on the next succeeding Business Day). Each Seller acknowledges that it has no rights of withdrawal from the foregoing account.
Appears in 1 contract
Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.)
PAYMENT, TRANSFER AND CUSTODY. (a) Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall will be made in Dollars, in immediately available funds, without deduction, set-set off or counterclaim, to Buyer, Buyer at the account detailed in accordance with the wiring instructions set forth on Schedule 2 hereto, not 4 no later than 3:00 p.m., 5:00 p.m. (New York City time), on the date on which such payment shall become is due (and each such payment made after such time shall will be deemed to have been made on the next succeeding Business Day). Each Seller acknowledges that it has no rights of withdrawal from the foregoing account.
Appears in 1 contract
Samples: Master Repurchase Agreement (Pennymac Financial Services, Inc.)
PAYMENT, TRANSFER AND CUSTODY. (a) Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer, in accordance with the wiring instructions set forth on Schedule 2 hereto, not later than 3:00 p.m., New York City time, on the date on which such payment shall become due (and each such payment made after such time shall be deemed to have been made on the next succeeding Business Day). Each Seller acknowledges that it has no rights of withdrawal from the foregoing account.
Appears in 1 contract
Samples: Master Repurchase Agreement (CBRE Realty Finance Inc)
PAYMENT, TRANSFER AND CUSTODY. (a) Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder hereunder, including the amount of any Repurchase Price or Payment Due, shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer, in accordance with the wiring instructions set forth on Schedule 2 heretoCollection Account, not later than 3:00 5:00 p.m., New York City time, on the date on which such payment shall become due (and each such payment made after such time shall be deemed to have been made on the next succeeding Business Day). Each Seller acknowledges that it has no rights of withdrawal from the foregoing account.
Appears in 1 contract
Samples: Master Repurchase Agreement (Hanover Capital Mortgage Holdings Inc)