Common use of TERMINABILITY Clause in Contracts

TERMINABILITY. (a) This Agreement shall terminate upon the Final Repurchase Date, except that this Agreement shall, notwithstanding the above clause, remain applicable to any Transaction then outstanding. (b) Notwithstanding any termination of this Agreement or the occurrence of an Event of Default, all of the representations and warranties hereunder (including those made in Schedule 1) and any and all rights under Section 20 shall continue and survive.

Appears in 1 contract

Samples: Master Repurchase Agreement (Fieldstone Investment Corp)

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TERMINABILITY. (a) This Agreement shall terminate upon be terminated on the Final Repurchase Date, except that this Agreement shall, notwithstanding the above clause, remain applicable to and any Transaction then outstanding. (b) outstanding Transactions shall become due on such date. Notwithstanding any such termination of this Agreement or the occurrence of an Event of Default, all of the representations representations, warranties and warranties covenants, and indemnities hereunder (including those made in Schedule 1the Asset Representations) and any and all rights under Section 20 shall continue and survive.

Appears in 1 contract

Samples: Master Repurchase Agreement (Contifinancial Corp)

TERMINABILITY. (a) This Agreement shall terminate upon the earlier of (i) the Final Repurchase DateDate or (ii) written notice from Seller to Buyer to such effect, except that this Agreement shall, notwithstanding the above clauseclauses, remain applicable to any Transaction then outstanding. (b) Notwithstanding any termination of this Agreement or the occurrence of an Event of Default, all of the representations and warranties hereunder (including those made in Schedule 1) and any and all rights under Section 20 shall continue and survive.

Appears in 1 contract

Samples: Master Repurchase Agreement (WMC Finance Co)

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TERMINABILITY. (a) This Agreement shall terminate upon the Final Repurchase Date, except that this Agreement shall, notwithstanding the above clauseclauses, remain applicable to any Transaction then outstanding. (b) Notwithstanding any termination of this Agreement or the occurrence of an Event of Default, all of the representations and warranties hereunder (including those made in Schedule 1) and any and all rights under Section 20 shall continue and survive.

Appears in 1 contract

Samples: Master Repurchase Agreement (Fieldstone Investment Corp)

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