Common use of Procedure for Entering into Transactions Clause in Contracts

Procedure for Entering into Transactions. (a) Seller may enter into Transactions with Buyer under this Agreement on any Purchase Date; provided, that Seller shall have given Buyer irrevocable notice (each, a “Transaction Notice”), which notice (i) shall be substantially in the form of Exhibit A, (ii) shall be signed by a Responsible Officer of Seller and be received by Buyer prior to 1:00 p.m. (New York time) one (1) Business Day prior to the related Purchase Date, and (iii) shall specify the requested information as detailed in the Transaction Notice. Each Transaction Notice on any Purchase Date shall be in an amount equal to at least $[***].

Appears in 3 contracts

Samples: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.)

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Procedure for Entering into Transactions. (a) Seller may enter into Transactions with Buyer under this Agreement on any Purchase Date; provided, that Seller shall have given Buyer irrevocable notice (each, a “Transaction Notice”), which notice (i) shall be substantially in the form of Exhibit A, (ii) shall be signed by a Responsible Officer of Seller and be received by Buyer prior to 1:00 3:00 p.m. (New York time) one (1) Business Day prior to the related Purchase Date, and (iii) shall specify the requested information as detailed in the Transaction Notice. Each Transaction Notice on any Purchase Date shall be in an amount equal to at least $[***]500,000 and shall include an updated Asset Schedule as an exhibit thereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (AmeriHome, Inc.)

Procedure for Entering into Transactions. (a) Seller may enter into Transactions with Buyer under this Agreement on any Purchase Date; provided, that Seller shall have given Buyer irrevocable notice (each, a “Transaction Notice”), which notice (i) shall be substantially in the form of Exhibit A, (ii) shall be signed by a Responsible Officer of Seller and be received by Buyer prior to 1:00 p.m. (New York time) one (1) Business Day prior to the related Purchase Date, and (iii) shall specify the specifythe requested information as detailed in the Transaction Notice. Each Transaction Notice on any Purchase Date shall be in an amount equal to at least $[***].

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

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Procedure for Entering into Transactions. (a) Seller may enter into Transactions with Buyer under this Agreement during the Commitment Period on any Purchase Date; provided, that Seller shall have given Buyer irrevocable notice (each, a “Transaction Notice”), which notice (i) shall be substantially in the form of Exhibit A, (ii) shall be signed by a Responsible Officer of Seller and be received by Buyer prior to 1:00 3:00 p.m. (New York time) one (1) Business Day prior to the related Purchase Date, and (iii) shall specify the requested information as detailed in the Transaction Notice. Each Transaction Notice on any Purchase Date shall be in an amount equal to at least $[***]500,000 and shall include an updated Asset Schedule as an exhibit thereto.

Appears in 1 contract

Samples: Master Repurchase Agreement (AmeriHome, Inc.)

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