Sellers to Remain Liable. If the amounts remitted to Buyer as provided in Sections 5.02 and 5.03 are insufficient to pay all amounts due and payable from each Seller to Buyer under this Agreement or any Repurchase Document on a Remittance Date, a Repurchase Date, upon the occurrence of an Event of Default or otherwise, each Seller shall nevertheless remain liable for and shall pay to Buyer when due all such amounts.
Appears in 3 contracts
Samples: Guarantee Agreement (Ares Commercial Real Estate Corp), Repurchase and Securities Contract (Ares Commercial Real Estate Corp), Master Repurchase and Securities Contract (Ares Commercial Real Estate Corp)
Sellers to Remain Liable. If the amounts remitted to Buyer as provided in Sections 5.02 5.03 and 5.03 5.04 are insufficient to pay all amounts due and payable from each Seller Sellers to Buyer under this Agreement or any Repurchase Document on a Remittance Date, a Repurchase Date, upon the occurrence of an Event of Default or otherwise, each Seller Sellers shall nevertheless remain jointly and severally liable for and shall pay to Buyer when due all such amounts.
Appears in 2 contracts
Samples: Master Repurchase Agreement and Securities Contract (Altisource Residential Corp), Master Repurchase Agreement and Securities Contract (Altisource Residential Corp)
Sellers to Remain Liable. If the amounts remitted to Buyer as provided in Sections 5.02 and 5.03 are insufficient to pay all amounts due and payable from each Seller Sellers to Buyer under this Agreement or any Repurchase Document on a Remittance Date, a Repurchase Date, upon the occurrence of an Event of Default or otherwise, each Seller Sellers shall nevertheless remain liable for and shall pay to Buyer when due all such amountsamounts other than with respect to the Purchase REO Entity Interests for which there shall be no recourse to Sellers, subject to Section 5.05 hereof.
Appears in 1 contract
Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)
Sellers to Remain Liable. If the amounts remitted to Buyer as provided in Sections 5.02 and 5.03 are insufficient to pay all amounts due and payable from each Seller the Sellers to Buyer under this Agreement or any Repurchase Document on a Remittance Date, Date or a Repurchase Date, upon the occurrence of an Event of Default or otherwise, each Seller the Sellers shall nevertheless remain liable for and shall pay to Buyer when due all such amounts.
Appears in 1 contract
Samples: Master Repurchase and Securities Contract (Resource Capital Corp.)