Common use of Property Manager Termination Event Clause in Contracts

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

Appears in 2 contracts

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

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

Appears in 2 contracts

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

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

Appears in 1 contract

Samples: Master Repurchase Agreement (Altisource Residential Corp)

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