Scheduled Indebtedness. All Indebtedness which is presently in effect and/or outstanding that has a maximum borrowing capacity in excess of $1,000,000 listed on Schedule 3 hereto (the “Scheduled Indebtedness”) and no defaults or events of default exist thereunder. The financial covenants hereunder are at least equal to those Seller makes under each of its Scheduled Indebtedness.
Appears in 2 contracts
Samples: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.)
Scheduled Indebtedness. All Indebtedness which is presently in effect and/or outstanding that has a maximum borrowing capacity in excess of $1,000,000 listed on Schedule 3 hereto (the “Scheduled Indebtedness”) and no defaults or events of default exist thereunder. The financial covenants hereunder are at least equal to those Seller makes under each of its Scheduled Indebtedness).
Appears in 1 contract
Scheduled Indebtedness. All Indebtedness which is presently in effect and/or outstanding that has a maximum borrowing capacity in excess of $1,000,000 [***] listed on Schedule 3 hereto (the “Scheduled Indebtedness”) and no defaults or events of default exist thereunder. The financial covenants hereunder are at least equal to those Seller makes under each of its Scheduled Indebtedness).
Appears in 1 contract