Price Differential. a. On each Business Day that a Transaction is outstanding, the applicable Pricing Rate shall be reset and, unless otherwise agreed, the accrued and unpaid Price Differential shall be settled in cash on each related Payment Date. Two (2) Business Days prior to the Payment Date, Administrative Agent shall give Seller written or electronic notice of the amount of the Price Differential due on such Payment Date. On the Payment Date, Seller shall pay to Administrative Agent the Price Differential for the benefit of Buyers for such Payment Date (along with any other amounts to be paid pursuant to Section 7 hereof and Section 3 of the Pricing Side Letter), by wire transfer in immediately available funds.
Appears in 3 contracts
Samples: Master Repurchase Agreement (DITECH HOLDING Corp), Master Repurchase Agreement (Walter Investment Management Corp), Master Repurchase Agreement (Walter Investment Management Corp)
Price Differential. a. On each Business Day that a Transaction is outstanding, the applicable Pricing Rate shall be reset and, unless otherwise agreed, the accrued and unpaid Price Differential shall be settled in cash on each related Payment Date. Two (2) Business Days prior to the Payment Date, Administrative Agent Buyer shall give each Seller written or electronic notice of the amount of the Price Differential due on such Payment Date. On the Payment Date, each Seller shall pay to Administrative Agent Buyer the Price Differential for the benefit of Buyers for such Payment Date (along with any other amounts to be paid pursuant to Section Sections 7 hereof and Section 3 of the Pricing Side Letter), by wire transfer in immediately available funds.
Appears in 2 contracts
Samples: Master Repurchase Agreement (Altisource Residential Corp), Master Repurchase Agreement (Altisource Residential Corp)
Price Differential. a. (a) On each Business Day that a Transaction is outstanding, the applicable Pricing Rate shall be reset and, unless otherwise agreed, the accrued and unpaid Price Differential for the preceding Pricing Period shall be settled in cash on each related Payment Date. Two (2) [***] Business Days prior to the Payment Date, Administrative Agent shall give Seller written or electronic notice of the amount of the Price Differential due on such Payment Date. On the Payment Date, Seller shall pay to Administrative Agent the Price Differential for the benefit of Buyers for such Payment Date (along with any other amounts to be paid then due and owing pursuant to Section 7 hereof hereof, and Section 3 of the Pricing Side Letter), by wire transfer in immediately available funds.
Appears in 1 contract
Samples: Master Repurchase Agreement (Home Point Capital Inc.)
Price Differential. a. On each Business Day that a Transaction is outstanding, the applicable Pricing Rate shall be reset and, unless otherwise agreed, the accrued and unpaid Price Differential for the preceding Pricing Period shall be settled in cash on each related Payment Date. Two (2) [***] Business Days prior to the Payment Date, Administrative Agent shall give Seller written or electronic notice of the amount of the Price Differential due on such Payment Date. On the Payment Date, Seller shall pay to Administrative Agent the Price Differential for the benefit of Buyers for such Payment Date (along with any other amounts to be paid then due and owing pursuant to Section 7 hereof hereof, and Section 3 of the Pricing Side Letter), by wire transfer in immediately available funds.
Appears in 1 contract
Price Differential. a. On each Business Day that a Transaction is outstanding, the applicable Pricing Rate shall be reset and, unless otherwise agreed, the accrued and unpaid Price Differential shall be settled in cash on each related Payment Date. Two (2) Business Days prior to the Payment Date, Administrative Agent Buyer shall give Seller written or electronic notice of the amount of the Price Differential due on such Payment Date. On the Payment Date, Seller shall pay to Administrative Agent Buyer the Price Differential for the benefit of Buyers for such Payment Date (along with any other amounts to be paid pursuant to Section Sections 7 hereof and Section 3 of the Pricing Side Letter), by wire transfer in immediately available funds.
Appears in 1 contract
Samples: Master Repurchase Agreement (Altisource Residential Corp)
Price Differential. a. On each Business Day that a Transaction is outstanding, the applicable Pricing Rate shall be reset and, unless otherwise agreed, the accrued and unpaid Price Differential shall be settled in cash on each related Payment Date. Two (2) Business Days prior to the Payment Date, Administrative Agent Buyer shall give Seller written or electronic notice of the amount of the Price Differential due on such Payment Date. On the Payment Date, Seller shall pay to Administrative Agent Buyer the Price Differential for the benefit of Buyers for such Payment Date (along with any other amounts to be paid pursuant to Section 7 hereof and Section 3 of the Pricing Side Letter), by wire transfer in immediately available funds.
Appears in 1 contract
Samples: Master Repurchase Agreement (Walter Investment Management Corp)
Price Differential. a. On each Business Day that a Transaction is outstanding, the applicable Pricing Rate shall be reset and, unless otherwise agreed, the accrued and unpaid Price Differential shall be settled in cash on each related Payment Date. Two (2) Business Days prior to the Payment Date, Administrative Agent shall give each Seller written or electronic notice of the amount of the Price Differential due on such Payment Date. On the Payment Date, each Seller shall pay to Administrative Agent the Price Differential for the benefit of Buyers for such Payment Date (along with any other amounts to be paid pursuant to Section 7 hereof and Section 3 4 of the Pricing Side Letter), by wire transfer in immediately available funds.
Appears in 1 contract
Samples: Master Repurchase Agreement (Altisource Residential Corp)