Requests for Transactions Sample Clauses
The "Requests for Transactions" clause defines the process by which one party may formally initiate a transaction under the agreement. Typically, this clause outlines the required format, content, and method for submitting a transaction request, such as specifying necessary documentation or approval steps. Its core function is to establish a clear and consistent procedure for initiating transactions, thereby reducing misunderstandings and ensuring both parties are aligned on how new transactions are proposed and processed.
Requests for Transactions. Sellers shall request that Administrative Agent enter into a Transaction or Purchase Price Increase by delivering to Administrative Agent a Transaction Request or Purchase Price Increase Request, as applicable, and with respect to Seasoned Mortgage Loans and REO Property, summary results of due diligence delivered in connection with Section 10(b)(1) of this Agreement, compliance diligence information and upon request of Administrative Agent, BPO valuation and valuation date for each Mortgage Loan or Contributed Asset, as applicable, a copy of the BPO and BPO results, in each case in the format mutually agreed to by Administrative Agent and Sellers (i) on or before 3:00 p.m. (New York City time) on the Purchase Date for Transactions involving Wet-Ink Mortgage Loans and (ii) on or before 12:00 p.m. (New York City time) (A) five (5) Business Days with respect to Seasoned Mortgage Loans and Contributed Assets, and (B) one (1) Business Day with respect to New Origination Mortgage Loans, prior to the proposed Purchase Date or Purchase Price Increase Date, as applicable, for Transactions involving all Mortgage Loans other than Wet-Ink Mortgage Loans; provided that if such REO Property is related to a Purchased Mortgage Loan that is a Seasoned Mortgage Loan, Sellers shall not be required to deliver an additional BPO at the time of such Purchase Price Increase, and Sellers shall deliver either (x) to Administrative Agent and Custodian a Request for Certification and related Asset Schedule, in accordance with the Custodial Agreement or (y) to the extent that such Purchase Price Increase is a result of a change of Category for a Purchased Mortgage Loan to a REO Property, evidence of such change in Category. In the event the Asset Schedule provided by Sellers contains erroneous computer data, is not formatted properly or the computer fields are otherwise improperly aligned, Administrative Agent shall provide written or electronic notice to the applicable Seller describing such error and the applicable Seller shall correct the computer data, reformat or properly align the computer fields itself and resubmit the Asset Schedule as required herein. With respect to Seasoned Mortgage Loans and Contributed Assets, Administrative Agent shall review and advise the applicable Seller in writing of Administrative Agent’s Market Value within four (4) Business Days of receipt of a Transaction Request or Purchase Price Increase Request, as applicable. Upon Administrative Agent and S...
Requests for Transactions. (a) Transaction Notices. Seller may, from time to time during the Facility Term, deliver to Agent and each Buyer a written notice, substantially in the form attached hereto as Exhibit A (a “Transaction Notice”), including a completed draft Confirmation (excluding the applicable Pricing Schedule) and a proposed Portfolio Schedule, requesting that Buyers enter into a Transaction on a Weekly Date; provided, that the proposed Purchase Price for such Transaction may not exceed the Aggregate Funding Limit as of the applicable Purchase Date. Such notice shall be delivered to Agent and each Buyer no later than 10:00am on the date that is two (2) Business Days prior to the proposed Purchase Date for such proposed Transaction.
Requests for Transactions. (a) Transaction Notices. Seller may, from time to time during the Facility Term, deliver a written notice, substantially in the form attached hereto as Exhibit A and including a fully-completed proposed Portfolio Schedule (a “Transaction Notice”) to Agent requesting that Buyers enter into a Transaction on a Monthly Date (or, if Seller elects to terminate a Transaction pursuant to Paragraph 3(c)(ii) of Annex I to the Master Repurchase Agreement, on the effective date of such termination). Such notice shall be delivered to Agent not less than four (4) Business Days prior to the proposed Purchase Date for such proposed Transaction (or such later date as may be consented to by Agent, which consent may be conditioned on the consent of the Buyers). Subject to the terms and conditions set forth herein and in the other Transaction Agreements, each Buyer agrees severally, and not jointly, to enter into such Transactions with Seller up to its respective Individual Commitment Amount as of the applicable Purchase Date.
Requests for Transactions. (a) Transaction Notices. Seller may, from time to time during the Facility Term, deliver to Buyer and Buyer Funding Parties a written notice, substantially in the form attached hereto as Exhibit A-1 (a “Transaction Notice”), requesting that Buyer enter into a Transaction on a proposed Purchase Date; provided, that the proposed Purchase Price for such Transaction may not exceed the Funding Limit as of the applicable Purchase Date. Such Transaction Notice shall be delivered to Buyer and Buyer Funding Parties no later than 11:00 am on the date that is two (2) Business Days prior to the proposed Purchase Date for such proposed Transaction.
Requests for Transactions. (a) Transaction Notices. Seller may, from time to time during the Facility Term, deliver to Buyer and Buyer Funding Parties a written notice, substantially in the form attached hereto as Exhibit A (a “Transaction Notice”), including a completed draft Confirmation (excluding the applicable Pricing Schedule) and Portfolio Report, requesting that Buyer enter into a Transaction on a proposed Purchase Date; provided, that the proposed Purchase Price for such Transaction may not exceed the Funding Limit as of the applicable Purchase Date; provided, further, if there is any Transaction outstanding at the time a Transaction Notice is delivered, the proposed Purchase Date for the proposed Transaction shall be the Repurchase Date with respect to the outstanding Transaction. Such Transaction Notice shall be delivered to Buyer and Buyer Funding Parties no later than 11:00 am on the date that is two (2) Business Days prior to the proposed Purchase Date for such proposed Transaction.
Requests for Transactions