Repurchase Upon Conversion Clause Samples
The "Repurchase Upon Conversion" clause establishes the right or obligation for a party, typically the issuer, to repurchase securities when a conversion event occurs, such as the conversion of convertible notes into equity. In practice, this means that if a holder chooses to convert their securities, the issuer may be required or permitted to buy back those securities at a predetermined price or under specified conditions. This clause is primarily used to provide flexibility in managing capital structure and to address the interests of both the issuer and the security holders during conversion events.
Repurchase Upon Conversion. In the event the Mortgagor under any Convertible Mortgage Loan elects to convert said Mortgage Loan to a fixed rate mortgage loan, as provided in the related Mortgage Note, then the Company shall repurchase the related Mortgage Loan in the month the conversion takes place and in the manner prescribed in Section 3.04 at the Repurchase Price.
Repurchase Upon Conversion. In the event the Mortgagor under any convertible Mortgage Loan elects to convert said Mortgage Loan to a fixed rate mortgage loan, as provided in the related Mortgage Note, then the Company shall repurchase the related Mortgage Loan in the month the conversion takes place and in the manner prescribed in Section 3.04 at the Repurchase Price.
Y) The following shall be inserted as the last sentence of Section 9.01: “All indemnification provisions of this Agreement, including but not limited to those set forth in this Section 9.01, shall survive the termination of this Agreement.”
Repurchase Upon Conversion. Restrictions and Requirements Applicable in the Event that a Mortgage Loan is Acquired by a REMIC Section 3.07 Review of Mortgage Loans
Repurchase Upon Conversion. Restrictions and Requirements Applicable in the Event that a Mortgage Loan is Acquired by a REMIC Section 3.07 Review of Mortgage Loans Section 4.01 Company to Act as Servicer.