Common use of Property Manager Termination Event Clause in Contracts

Property Manager Termination Event. The occurrence of a Property Manager Termination Event and any Seller has not appointed a successor Property Manager acceptable to Buyer within thirty (30) days of Buyer’s written request. An Event of Default shall be deemed to be continuing unless expressly waived by Buyer in writing.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Altisource Residential Corp), Master Repurchase Agreement (Altisource Residential Corp)

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Property Manager Termination Event. The occurrence of a Property Manager Termination Event and any a Seller has not appointed a successor Property Manager acceptable to Buyer within thirty (30) days of Buyer’s written request. An Event of Default shall be deemed to be continuing unless expressly waived by Buyer in writing.; or

Appears in 2 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

Property Manager Termination Event. The occurrence of a Property Manager Termination Event and any a Seller has not appointed a successor Property Manager acceptable to Buyer Administrative Agent within thirty (30) days of BuyerAdministrative Agent’s written request. An Event of Default shall be deemed to be continuing unless expressly waived by Buyer Administrative Agent in writing.

Appears in 2 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

Property Manager Termination Event. The occurrence of a Property Manager Termination Event and any a Seller has not appointed a successor Property Manager acceptable to Buyer within thirty (30) days of Buyer’s written request. An Event of Default shall be deemed to be continuing unless expressly waived by Buyer in writing.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

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Property Manager Termination Event. The occurrence of a Property Manager Termination Event and any Seller has not appointed a successor Property Manager acceptable to Buyer Administrative Agent within thirty (30) days of BuyerAdministrative Agent’s written request. An Event of Default shall be deemed to be continuing unless expressly waived by Buyer in writing.

Appears in 1 contract

Samples: Master Repurchase Agreement (Altisource Residential Corp)

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