Common use of Repurchase Transactions Clause in Contracts

Repurchase Transactions. Buyer may, in its sole election, engage in repurchase transactions with the Purchased Assets or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets with a counterparty of Buyer’s choice, in all cases subject to Buyer’s obligation to reconvey the Purchased Assets (and not substitutes therefor) on the Repurchase Date. In the event Buyer engages in a repurchase transaction with any of the Purchased Assets or otherwise pledges or hypothecates any of the Purchased Assets, Buyer shall have the right to assign to Buyer’s counterparty any of the applicable representations or warranties in Appendix A to the Custody Agreement and the remedies for breach thereof, as they relate to the Purchased Assets that are subject to such repurchase transaction.

Appears in 6 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

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Repurchase Transactions. Buyer may, in its sole election, engage in repurchase transactions with the Purchased Assets Loans or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets Loans with a counterparty of Buyer’s choice, in all cases subject to Buyer’s obligation to reconvey the Purchased Assets Loans (and not substitutes therefor) on the Repurchase Date. In the event Buyer engages in a repurchase transaction with any of the Purchased Assets Loans or otherwise pledges or hypothecates any of the Purchased AssetsLoans, Buyer shall have the right to assign to Buyer’s counterparty any of the applicable representations or warranties in Appendix A Exhibit B to the Custody this Agreement and the remedies for breach thereof, as they relate to the Purchased Assets Loans that are subject to such repurchase transaction.

Appears in 4 contracts

Samples: Master Repurchase Agreement, Master Repurchase Agreement (ECC Capital CORP), Master Repurchase Agreement (New Century Financial Corp)

Repurchase Transactions. Buyer may, in its sole election, engage in repurchase transactions with the Purchased Assets or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets with a counterparty of Buyer’s choice, in all cases subject to Buyer’s obligation to reconvey the Purchased Assets (and not substitutes therefor) on the Repurchase Date. In the event Buyer engages in a repurchase transaction with any of the Purchased Assets or otherwise pledges or hypothecates any of the Purchased Assets, Buyer shall have the right to assign to Buyer’s counterparty any of the applicable representations or warranties in Appendix A to the Custody this Agreement and the remedies for breach thereof, as they relate to the Purchased Assets that are subject to such repurchase transaction.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Spirit Finance Corp), Master Repurchase Agreement (Spirit Finance Corp), Master Repurchase Agreement (Spirit Finance Corp)

Repurchase Transactions. Buyer may, in its sole election, engage in repurchase transactions with the Purchased Assets or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets with a counterparty of Buyer’s 's choice, in all cases subject to Buyer’s 's obligation to reconvey the Purchased Assets (and not substitutes therefor) on the Repurchase Date. In the event Buyer engages in a repurchase transaction with any of the Purchased Assets or otherwise pledges or hypothecates any of the Purchased Assets, Buyer shall have the right to assign to Buyer’s 's counterparty any of the applicable representations or warranties in Appendix A to the Custody Agreement and the remedies for breach thereof, as they relate to the Purchased Assets that are subject to such repurchase transaction.

Appears in 2 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

Repurchase Transactions. Buyer may, in its sole election, engage in repurchase transactions with the Purchased Assets or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets with a counterparty of Buyer’s choice, in all cases subject to Buyer’s obligation to reconvey the Purchased Assets (and not substitutes therefor) on the Repurchase Date. In the event Buyer engages in a repurchase transaction with any of the Purchased Assets or otherwise pledges or hypothecates any of the Purchased Assets, Buyer shall have the right to assign to Buyer’s counterparty any of the applicable representations or warranties in Appendix A with respect to the Custody Agreement Purchased Assets hereunder and the remedies for breach thereof, as they relate to the Purchased Assets that are subject to such repurchase transaction.

Appears in 2 contracts

Samples: Repurchase Agreement (Novastar Financial Inc), Master Repurchase Agreement (Novastar Financial Inc)

Repurchase Transactions. The Buyer may, in its sole election, engage in repurchase transactions with the Purchased Assets or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets with a counterparty of the Buyer’s choice, in all cases subject to the Buyer’s obligation to reconvey the Purchased Assets (and not substitutes therefor) on the Repurchase Date. In the event the Buyer engages in a repurchase transaction with any of the Purchased Assets or otherwise pledges or hypothecates any of the Purchased Assets, the Buyer shall have the right to assign to the Buyer’s counterparty any of the applicable representations or warranties in Appendix A to the Custody Agreement hereto and the remedies for breach thereof, as they relate to the Purchased Assets that are subject to such repurchase transaction.

Appears in 2 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

Repurchase Transactions. Buyer may, in its sole election, engage in repurchase transactions with the Purchased Assets or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets with a counterparty of Buyer’s choice, in all cases subject to Buyer’s obligation to reconvey the Purchased Assets (and not substitutes therefor) on the Repurchase Date. In the event Buyer engages in a repurchase transaction with any of the Purchased Assets or otherwise pledges or hypothecates any of the Purchased Assets, Buyer shall have the right to assign to Buyer’s counterparty any of the applicable representations or warranties in Appendix A to the Custody Agreement hereto and the remedies for breach thereof, as they relate to the Purchased Assets that are subject to such repurchase transaction.

Appears in 1 contract

Samples: Master Repurchase Agreement (New Century Financial Corp)

Repurchase Transactions. Buyer may, in its sole election, engage in repurchase transactions with the Purchased Assets or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets with a counterparty of Buyer’s 's choice, in all cases subject to the Buyer’s 's obligation to reconvey the Purchased Assets (and not substitutes therefor) on the Repurchase Date. In the event Buyer engages in a repurchase transaction with any of the Purchased Assets or otherwise pledges or hypothecates any of the Purchased Assets, Buyer shall have the right to assign to Buyer’s 's counterparty any of the applicable representations or warranties in Appendix A to App of the Custody Custodial Agreement and the remedies for breach thereof, as they relate to the Purchased Assets that are subject to such repurchase transaction.

Appears in 1 contract

Samples: Master Repurchase Agreement (Arbor Realty Trust Inc)

Repurchase Transactions. Buyer The Buyers may, in its their sole election, engage in repurchase transactions with the Purchased Assets Securities or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets Securities with a counterparty of Buyer’s the Buyers’ choice, in all cases subject to Buyer’s the Buyers’ obligation to reconvey the Purchased Assets Securities (and not substitutes therefor) on the Repurchase Date. In the event Buyer engages the Buyers engage in a repurchase transaction with any of the Purchased Assets Securities or otherwise pledges pledge or hypothecates hypothecate any of the Purchased AssetsSecurities, Buyer the Buyers shall have the right to assign to Buyer’s the Buyers’ counterparty any of the applicable representations or warranties in Appendix A Exhibit B to the Custody this Agreement and the remedies for breach thereof, as they relate to the Purchased Assets Securities that are subject to such repurchase transaction.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

Repurchase Transactions. Buyer Buyers may, in its their sole election, engage in repurchase transactions with the Purchased Assets Loans or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets Loans with a counterparty of Buyer’s Buyers’ choice, in all cases subject to Buyer’s Buyers’ obligation to reconvey the Purchased Assets Loans (and not substitutes therefor) on the Repurchase Date. In the event Buyer engages Buyers engage in a repurchase transaction with any of the Purchased Assets Loans or otherwise pledges or hypothecates any of the Purchased AssetsLoans, Buyer Buyers shall have the right to assign to Buyer’s Buyers’ counterparty any of the applicable representations or warranties in Appendix A Exhibit B to the Custody this Agreement and the remedies for breach thereof, as they relate to the Purchased Assets Loans that are subject to such repurchase transaction.

Appears in 1 contract

Samples: Master Repurchase Agreement (New York Mortgage Trust Inc)

Repurchase Transactions. Any Buyer may, in its sole election, engage in repurchase transactions with the Purchased Assets or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets with a counterparty of such Buyer’s choice, in all cases subject to such Buyer’s obligation to reconvey the Purchased Assets (and not substitutes therefor) on the Repurchase Date. In the event any Buyer engages in a repurchase transaction with any of the Purchased Assets or otherwise pledges or hypothecates any of the Purchased Assets, such Buyer shall have the right to assign to such Buyer’s counterparty any of the applicable representations or warranties in Appendix A to the Custody this Agreement and the remedies for breach thereof, as they relate to the Purchased Assets that are subject to such repurchase transaction.

Appears in 1 contract

Samples: Master Repurchase Agreement (Spirit Finance Corp)

Repurchase Transactions. Buyer Buyers may, in its their sole election, engage in repurchase transactions with the Purchased Assets or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets with a counterparty of Buyer’s Buyers’ choice, in all cases subject to Buyer’s Buyers’ obligation to reconvey the Purchased Assets (and not substitutes therefor) on the Repurchase Date. In the event Buyer engages Buyers engage in a repurchase transaction with any of the Purchased Assets or otherwise pledges or hypothecates any of the Purchased Assets, Buyer Buyers shall have the right to assign to Buyer’s Buyers’ counterparty any of the applicable representations or warranties in Appendix A Exhibits B, C and D to the Custody this Agreement and the remedies for breach thereof, as they relate to the Purchased Assets that are subject to such repurchase transaction.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

Repurchase Transactions. Buyer may, in its sole election, engage in repurchase transactions with the Purchased Assets or otherwise pledge, hypothecate, assign, grant participation interests in, transfer or otherwise convey the Purchased Assets with a counterparty of Buyer’s 's choice, in all cases subject to Buyer’s 's obligation to reconvey the Purchased Assets (and not substitutes therefor) on the Repurchase Date. In the event Buyer engages in a repurchase transaction with any of the Purchased Assets or otherwise pledges or hypothecates any of the Purchased Assets, Buyer shall have the right to assign to Buyer’s 's counterparty any of the applicable representations or warranties in Appendix A Exhibit D to the Custody this Agreement and the remedies for breach thereof, as they relate to the Purchased Assets that are subject to such repurchase transaction.

Appears in 1 contract

Samples: Master Repurchase Agreement (MortgageIT Holdings, Inc.)

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Repurchase Transactions. Buyer may, in its sole election, engage in repurchase transactions with the Purchased Assets or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets with a counterparty of Buyer’s 's choice, in all cases subject to Buyer’s 's obligation to reconvey the Purchased Assets (and not substitutes therefor) on the Repurchase Date. In the event Buyer engages in a repurchase transaction with any of the Purchased Assets or otherwise pledges or hypothecates any of the Purchased Assets, Buyer shall have the right to assign to Buyer’s 's counterparty any of the applicable representations or warranties in Appendix A Appendices A, B and C to the Custody Agreement and the remedies for breach thereof, as they relate to the Purchased Assets that are subject to such repurchase transaction.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

Repurchase Transactions. Buyer may, in its sole election, engage in repurchase transactions with the Purchased Assets or otherwise pledge, hypothecate, assign, grant participation interests in, transfer or otherwise convey the Purchased Assets with a counterparty of Buyer’s 's choice, in all cases subject to Buyer’s 's obligation to reconvey the Purchased Assets (and not substitutes therefor) on the Repurchase Date. In the event Buyer engages in a repurchase transaction with any of the Purchased Assets or otherwise pledges or hypothecates any of the Purchased Assets, Buyer shall have the right to assign to Buyer’s 's counterparty any of the applicable representations or warranties in Appendix A Exhibit E to the Custody this Agreement and the remedies for breach thereof, as they relate to the Purchased Assets that are subject to such repurchase transaction.

Appears in 1 contract

Samples: Master Repurchase Agreement (MortgageIT Holdings, Inc.)

Repurchase Transactions. Buyer may, in its sole election, engage in repurchase transactions with the Purchased Assets or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets with a counterparty of Buyer’s 's choice, in all cases subject to Buyer’s 's obligation to reconvey the Purchased Assets (and not substitutes therefor) on the Repurchase Date. In the event Buyer engages in a repurchase transaction with any of the Purchased Assets or otherwise pledges or hypothecates any of the Purchased Assets, Buyer shall have the right to assign to Buyer’s 's counterparty any of the applicable representations or warranties in Appendix A with respect to the Custody Agreement Purchased Assets hereunder and the remedies for breach thereof, as they relate to the Purchased Assets that are subject to such repurchase transaction.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

Repurchase Transactions. Buyer may, in its sole election, engage in repurchase transactions with the Purchased Assets Loans or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets Loans with a counterparty of Buyer’s choice, in all cases subject to Buyer’s obligation to reconvey the Purchased Assets Loans (and not substitutes therefor) on the Repurchase Date. In the event Buyer engages in a repurchase transaction with any of the Purchased Assets Loans or otherwise pledges or hypothecates any of the Purchased AssetsLoans, Buyer shall have the right to assign to Buyer’s counterparty any of the applicable representations or warranties or benefit of covenants in Appendix A to the Custody Agreement Pricing side Letter and the remedies for breach thereof, as they relate to the Purchased Assets Loans that are subject to such repurchase transaction.

Appears in 1 contract

Samples: Master Repurchase Agreement (Taberna Realty Finance Trust)

Repurchase Transactions. Buyer may, in its sole election, engage in repurchase transactions with the Purchased Assets or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets with a counterparty of Buyer’s 's choice, in all cases subject to Buyer’s 's obligation to reconvey the Purchased Assets (and not substitutes therefor) on the Repurchase Date. In the event Buyer engages in a repurchase transaction with any of the Purchased Assets or otherwise pledges or hypothecates any of the Purchased Assets, Buyer shall have the right to assign to Buyer’s 's counterparty any of the applicable representations or warranties in Appendix A to the Custody this Agreement and the remedies for breach thereof, as they relate to the Purchased Assets that are subject to such repurchase transaction.

Appears in 1 contract

Samples: Repurchase Agreement (Spirit Finance Corp)

Repurchase Transactions. Each Buyer may, in its sole election, engage in repurchase transactions with the Purchased Assets Loans or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets Loans with a counterparty of Buyer’s Buyers’ choice, in all cases subject to Buyer’s Buyers’ obligation to reconvey the Purchased Assets Loans (and not substitutes therefor) on the Repurchase Date. In the event Buyer engages Buyers engage in a repurchase transaction with any of the Purchased Assets Loans or otherwise pledges pledge or hypothecates hypothecate any of the Purchased AssetsLoans, Buyer Buyers shall have the right to assign to Buyer’s Buyers’ counterparty any of the applicable representations or warranties in Appendix A Exhibit B to the Custody this Agreement and the remedies for breach thereof, as they relate to the Purchased Assets Loans that are subject to such repurchase transaction.

Appears in 1 contract

Samples: Master Repurchase Agreement (ECC Capital CORP)

Repurchase Transactions. Each Buyer may, in its sole election, engage in repurchase transactions with the Purchased Assets or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets with a counterparty of such Buyer’s choice, in all cases subject to such Buyer’s obligation to reconvey the Purchased Assets (and not substitutes therefor) on the Repurchase Date. In the event Buyer engages in a repurchase transaction with any of the Purchased Assets or otherwise pledges or hypothecates any of the Purchased Assets, Each Buyer shall have the right to assign to such Buyer’s counterparty any of the applicable representations or warranties in Appendix A with respect to the Custody Agreement Purchased Assets hereunder and the remedies for breach thereof, as they relate to the Purchased Assets that are subject to such repurchase transaction.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

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