Common use of Replacement by Repurchase Agreement Clause in Contracts

Replacement by Repurchase Agreement. The Borrower hereby acknowledges and agrees that this Loan Agreement may at any time and without any further cost to the Borrower, in the sole discretion of the Lender, be replaced by a repurchase facility with substantially similar terms as those contained in this Loan Agreement. The Borrower hereby agrees to take such action and execute such documents and instruments as is necessary to effectuate such conversion.

Appears in 6 contracts

Samples: Master Loan and Security Agreement (E Loan Inc), Master Loan and Security Agreement (MortgageIT Holdings, Inc.), Master Loan and Security Agreement (American Business Financial Services Inc /De/)

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Replacement by Repurchase Agreement. The Borrower Borrowers hereby acknowledges acknowledge and agrees agree that this Loan Agreement may at any time and without any further cost to the BorrowerBorrowers, in the sole discretion of the Lender, be replaced by a repurchase facility with substantially similar terms as those contained in this Loan Agreement. The Borrower Borrowers hereby agrees agree to take such action and execute such documents and instruments as is necessary to effectuate such conversion.

Appears in 5 contracts

Samples: Master Loan and Security Agreement (Aames Financial Corp/De), Loan Agreement (Aames Investment Corp), Master Loan and Security Agreement (New Century Financial Corp)

Replacement by Repurchase Agreement. The Each Borrower hereby acknowledges and agrees that this Loan Agreement may may, at any time and without any further cost to the BorrowerBorrowers, in the sole discretion of the LenderAgent, be replaced by a repurchase facility with substantially similar terms as those contained in this Loan Agreement. The Each Borrower hereby agrees to take such action and execute such documents and instruments as is necessary to effectuate such conversion.

Appears in 2 contracts

Samples: Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp)

Replacement by Repurchase Agreement. The Borrower Borrowers hereby acknowledges acknowledge and agrees agree that this Loan Agreement may at any time and without any further cost to the BorrowerBorrowers, in the sole discretion of the LenderAgent, be replaced by a repurchase facility with substantially similar terms as those contained in this Loan Agreement. The Borrower Borrowers hereby agrees agree to take such action and execute such documents and instruments as is necessary to effectuate such conversion.

Appears in 1 contract

Samples: Master Loan and Security Agreement (American Home Mortgage Investment Corp)

Replacement by Repurchase Agreement. The Each Borrower hereby acknowledges and agrees that this Loan Agreement may may, at any time and without any further cost to the BorrowerBorrowers, in the sole discretion of the LenderAgent (with the consent of the Lenders), be replaced by a repurchase facility with substantially similar terms as those contained in this Loan Agreement. The Each Borrower hereby agrees to take such action and execute such documents and instruments as is necessary to effectuate such conversion.

Appears in 1 contract

Samples: Loan Agreement (New Century Financial Corp)

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Replacement by Repurchase Agreement. The Each Borrower hereby acknowledges and agrees that this Loan Agreement may may, at any time and without any further cost to the BorrowerBorrowers, in the sole discretion of the Agent (with the consent of the Lender), be replaced by a repurchase facility with substantially similar terms as those contained in this Loan Agreement. The Each Borrower hereby agrees to take such action and execute such documents and instruments as is necessary to effectuate such conversion.

Appears in 1 contract

Samples: Master Loan and Security Agreement (New Century Financial Corp)

Replacement by Repurchase Agreement. The Each Borrower hereby acknowledges and agrees that this Loan Agreement may at any time and without any further cost to the BorrowerBorrowers, in the sole discretion of the Lender, be replaced by a repurchase facility with substantially similar terms as those contained in this Loan Agreement. The Each Borrower hereby agrees to take such action and execute such documents and instruments as is necessary to effectuate such conversion.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Aames Investment Corp)

Replacement by Repurchase Agreement. The Borrower hereby acknowledges herebyacknowledges and agrees that this Loan Agreement may at any time and without any further cost to the Borrower, in the sole discretion of the Lender, be replaced by a repurchase facility with substantially similar terms as those contained in this Loan Agreement. The Borrower hereby agrees to take such action and execute such documents and instruments as is necessary to effectuate such conversion.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Aames Financial Corp/De)

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