Common use of TERMINABILITY Clause in Contracts

TERMINABILITY. Except as set forth below, this Agreement may not be terminated. This Agreement may be terminated by Seller upon 30 days' written notice to Buyer; provided Seller shall pay to Buyer the Termination Fee, except that this Agreement shall, notwithstanding such notice, remain applicable to any Transaction then outstanding. Each representation and warranty made or deemed to be made by entering into a Transaction, herein or pursuant hereto shall survive the making of such representation and warranty, and Buyer shall not be deemed to have waived any Default that may arise because any such representation or warranty shall have proved to be false or misleading, notwithstanding that Buyer may have had notice or knowledge or reason to believe that such representation or warranty was false or misleading at the time the Transaction was made. Notwithstanding any such termination or the occurrence of an Event of Default, all of the representations and warranties and covenants hereunder shall continue and survive. The obligations of Seller under Section 14 shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Master Repurchase Agreement (Oak Street Financial Services Inc)

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TERMINABILITY. Except as set forth below, this Agreement may not be terminated. This Agreement may be terminated by Seller upon 30 days' written notice to Buyer; provided Seller shall pay to Buyer the Termination Fee, except that this Agreement shall, notwithstanding such notice, remain applicable to any Transaction then outstanding. Each representation and warranty made or deemed to be made by entering into a Transaction, herein or pursuant hereto shall survive the making of such representation and warranty, and Buyer the Agent shall not be deemed to have waived any Default that may arise because any such representation or warranty shall have proved to be false or misleading, notwithstanding that Buyer the Agent may have had notice or knowledge or reason to believe that such representation or warranty was false or misleading at the time the Transaction was made. Notwithstanding any such termination or the occurrence of an Event of Default, all of the representations and warranties and covenants hereunder shall continue and survive. If no Termination Event occurs before then, this Repurchase Agreement will terminate on the Termination Date. The obligations of Seller the Sellers under Section 14 16 and Section 17, and all other obligations of the Sellers which have not been performed as of the termination of this Repurchase Agreement, shall survive the termination of this Repurchase Agreement.

Appears in 1 contract

Samples: Master Repurchase Agreement (Guild Holdings Co)

TERMINABILITY. Except as set forth below, this Agreement may not be terminated. This Agreement may be terminated by Seller upon 30 days' written notice to Buyer; provided Seller shall pay to Buyer the Termination Fee, except that this Agreement shall, notwithstanding such notice, remain applicable to any Transaction then outstanding. Each representation and warranty made or deemed to be made by entering into a Transaction, herein or pursuant hereto shall hereto, will survive the making of such representation and warranty, and Buyer shall will not be deemed to have waived any Default or Event of Default that may arise because any such representation or warranty shall have has proved to be false or misleading, notwithstanding that Buyer may have had notice or knowledge or reason to believe that such representation or warranty was false or misleading at the time the Transaction was made. Notwithstanding any such termination or the occurrence of an such Default or Event of Default, all of the representations and warranties and covenants hereunder shall will continue and survive. The obligations of each Seller under Section 14 shall Sections 6, 7, 15 and 30 hereof will survive the termination of this AgreementRepurchase Agreement and the repayment of all Obligations.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

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TERMINABILITY. Except as set forth below, this Agreement may not be terminated. This Agreement may be terminated by Seller upon 30 days' written notice to Buyer; provided Seller shall pay to Buyer the Termination Fee, except that this Agreement shall, notwithstanding such notice, remain applicable to any Transaction then outstanding. Each representation and warranty made or deemed to be made by entering into a Transaction, herein or pursuant hereto shall hereto, will survive the making of such representation and warranty, and Buyer shall will not be deemed to have waived any Event of Default that may arise because any such representation or warranty shall have has proved to be false or misleadingmisleading in any material respect, notwithstanding that Buyer may have had notice or knowledge or reason to believe that such representation or warranty was false or misleading at the time the Transaction was made. Notwithstanding any such termination or the occurrence of an such Event of Default, all of the representations and warranties and covenants hereunder shall will continue and survive. The obligations of Seller under Sections 6, 7 and 14 and Seller and Buyer under Section 14 shall 29 hereof will survive the termination of this AgreementRepurchase Agreement and the repayment of all Obligations; provided that the Obligations under Section 29(a) hereof shall survive for two (2) years thereafter.

Appears in 1 contract

Samples: Master Repurchase Agreement (AmeriHome, Inc.)

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