Common use of This Amendment Clause in Contracts

This Amendment. The Parties agree hereby to amend (for the seventeenth time) the Master Repurchase Agreement dated May 2, 2013 between them (the “Original MRA”, as amended by the First Amendment to Master Repurchase Agreement dated May 1, 2014, the Second Amendment to Master Repurchase Agreement dated December 19, 2014, the Third Amendment to Master Repurchase Agreement dated April 30, 2015, the Fourth Amendment to Master Repurchase Agreement dated April 28, 2016, the Fifth Amendment to Master Repurchase Agreement dated November 18, 2016, the Sixth Amendment to Master Repurchase Agreement dated April 27, 2017, the Seventh Amendment to Master Repurchase Agreement dated October 12, 2017, the Eighth Amendment to Master Repurchase Agreement dated December 14, 2017, the Ninth Amendment to Master Repurchase Agreement dated January 25, 2018, the Tenth Amendment to Master Repurchase Agreement dated April 26, 2018, the Eleventh Amendment to Master Repurchase Agreement dated June 20, 2018, the Twelfth Amendment to Master Repurchase Agreement dated April 25, 2019, the Thirteenth Amendment to Master Repurchase Agreement dated June 22, 2019 the Fourteenth Amendment to MRA dated September 26, 2019, the Fifteenth Amendment to Master Repurchase Agreement dated December 16, 2019, and the Sixteenth Amendment to Master Repurchase Agreement dated April 10, 2020 (the “Amended MRA”) and as amended hereby and as it may be supplemented, further amended or restated from time to time, the “MRA”) to update the name and entity status of Seller as a result of its conversion to a limited liability company, require updated opinions of counsel relating to Seller’s conversion to a limited liability company, and they hereby amend the Amended MRA as follows. All capitalized terms used in the Amended MRA and used, but not defined differently, in this amendment (this “Amendment”) have the same meanings here as there. The Sections of this Amendment are numbered to correspond with the numbers of the Sections of the Amended MRA amended hereby and are consequently sometimes nonsequential. The preamble of the Amended MRA is amended to read as follows: THIS MASTER REPURCHASE AGREEMENT dated as of May 2, 2013 (as it may be supplemented, amended or restated from time to time, this “Agreement”) is by and among QUICKEN LOANS, LLC, a Michigan limited liability company (“Seller”), JPMORGAN CHASE BANK, N.A., a national banking association (“Chase”), as administrative agent for the Buyers (in that capacity, Chase is herein referred to as the “Administrative Agent”) and as a Buyer, and the other Buyers party hereto from time to time (collectively with Chase, the “Buyers”). Initially, Chase is the only Buyer.

This Amendment. The Parties agree hereby to amend (for the seventeenth eighteenth time) the Master Repurchase Agreement dated May 2, 2013 between them (the “Original MRA”, as amended by the First Amendment to Master Repurchase Agreement dated May 1, 2014, the Second Amendment to Master Repurchase Agreement dated December 19, 2014, the Third Amendment to Master Repurchase Agreement dated April 30, 2015, the Fourth Amendment to Master Repurchase Agreement dated April 28, 2016, the Fifth Amendment to Master Repurchase Agreement dated November 18, 2016, the Sixth Amendment to Master Repurchase Agreement dated April 27, 2017, the Seventh Amendment to Master Repurchase Agreement dated October 12, 2017, the Eighth Amendment to Master Repurchase Agreement dated December 14, 2017, the Ninth Amendment to Master Repurchase Agreement dated January 25, 2018, the Tenth Amendment to Master Repurchase Agreement dated April 26, 2018, the Eleventh Amendment to Master Repurchase Agreement dated June 20, 2018, the Twelfth Amendment to Master Repurchase Agreement dated April 25, 2019, the Thirteenth Amendment to Master Repurchase Agreement dated June 22, 2019 2019, the Fourteenth Amendment to MRA Master Repurchase Agreement dated September 26, 2019, the Fifteenth Amendment to Master Repurchase Agreement dated December 16, 2019, and the Sixteenth Amendment to Master Repurchase Agreement dated April 10, 2020 (2020, the Seventeenth Amendment to Master Repurchase Agreement dated April 15, 2020, and the Eighteenth Amendment to Master Repurchase Agreement dated July 16, 2021, the “Amended MRA”) , and as amended hereby and as it may be supplemented, further amended or restated from time to time, the “MRA”) to update amend the name and entity status Jumbo Loan sublimit in the definition of Seller as a result of its conversion to a limited liability company, require updated opinions of counsel relating to Seller’s conversion to a limited liability companyEligible Mortgage Loan, and they hereby amend the Amended MRA as follows. All capitalized terms used in the Amended MRA and used, but not defined differently, in this amendment (this “Amendment”) have the same meanings here as there. The Sections sole Section of this Amendment are is numbered to correspond with the numbers number of the Sections Section of the Amended MRA amended hereby and are consequently sometimes nonsequential. The preamble of the Amended MRA is amended to read as follows: THIS MASTER REPURCHASE AGREEMENT dated as of May 2, 2013 (as it may be supplemented, amended or restated from time to time, this “Agreement”) is by and among QUICKEN LOANS, LLC, a Michigan limited liability company (“Seller”), JPMORGAN CHASE BANK, N.A., a national banking association (“Chase”), as administrative agent for the Buyers (in that capacity, Chase is herein referred to as the “Administrative Agent”) and as a Buyer, and the other Buyers party hereto from time to time (collectively with Chase, the “Buyers”). Initially, Chase is the only Buyerhereby.

This Amendment. The Parties agree hereby to amend (for the seventeenth sixth time) the Master Repurchase Agreement dated May 2, 2013 between them (the “Original MRA”, as amended by the First Amendment to Master Repurchase Agreement dated May 1, 2014, the Second Amendment to Master Repurchase Agreement dated December 19, 2014, the Third Amendment to Master Repurchase Agreement dated April 30, 2015, the Fourth Amendment to Master Repurchase Agreement dated April 28, 2016, 2016 and the Fifth Amendment to Master Repurchase Agreement dated November 18, 2016, the Sixth Amendment to Master Repurchase Agreement dated April 27, 2017, the Seventh Amendment to Master Repurchase Agreement dated October 12, 2017, the Eighth Amendment to Master Repurchase Agreement dated December 14, 2017, the Ninth Amendment to Master Repurchase Agreement dated January 25, 2018, the Tenth Amendment to Master Repurchase Agreement dated April 26, 2018, the Eleventh Amendment to Master Repurchase Agreement dated June 20, 2018, the Twelfth Amendment to Master Repurchase Agreement dated April 25, 2019, the Thirteenth Amendment to Master Repurchase Agreement dated June 22, 2019 the Fourteenth Amendment to MRA dated September 26, 2019, the Fifteenth Amendment to Master Repurchase Agreement dated December 16, 2019, and the Sixteenth Amendment to Master Repurchase Agreement dated April 10, 2020 2016 (the “Amended MRA”) and as amended hereby and as it may be supplemented, further amended or restated from time to time, the “MRA”) to update (i) extend the name latest Termination Date to Xxxxx 00, 0000, (xx) change the definitions of “Cash Equivalents”, “Change in Control” and entity status “Maximum Current Advance Capacity”, (iii) change the other Debt default threshold, (iv) correct and revise the provisions limiting distributions and (v) change the cross-default provision regarding Debt of Seller as a result Rock Holdings and its Subsidiaries and Affiliates to Buyer or its Affiliates to relate only to Debt of its conversion to a limited liability company, require updated opinions of counsel relating to Seller’s conversion to a limited liability companyRock Holdings itself, and they hereby amend the Amended MRA as follows. All capitalized terms used in the Amended MRA and used, but not defined differently, in this amendment (this “Amendment”) have the same meanings here as there. The Sections of this Amendment are numbered to correspond with the numbers of the Sections of the Amended Original MRA amended hereby and are consequently sometimes therefore nonsequential. The preamble of the Amended MRA is amended to read as follows: THIS MASTER REPURCHASE AGREEMENT dated as of May 2, 2013 (as it may be supplemented, amended or restated from time to time, this “Agreement”) is by and among QUICKEN LOANS, LLC, a Michigan limited liability company (“Seller”), JPMORGAN CHASE BANK, N.A., a national banking association (“Chase”), as administrative agent for the Buyers (in that capacity, Chase is herein referred to as the “Administrative Agent”) and as a Buyer, and the other Buyers party hereto from time to time (collectively with Chase, the “Buyers”). Initially, Chase is the only Buyer.

This Amendment. The Parties agree hereby to amend (for the seventeenth fourteenth time) the Master Repurchase Agreement dated May 2, 2013 between them (the “Original MRA”, as amended by the First Amendment to Master Repurchase Agreement dated May 1, 2014, the Second Amendment to Master Repurchase Agreement dated December 19, 2014, the Third Amendment to Master Repurchase Agreement dated April 30, 2015, the Fourth Amendment to Master Repurchase Agreement dated April 28, 2016, the Fifth Amendment to Master Repurchase Agreement dated November 18, 2016, the Sixth Amendment to Master Repurchase Agreement dated April 27, 2017, the Seventh Amendment to Master Repurchase Agreement dated October 12, 2017, the Eighth Amendment to Master Repurchase Agreement dated December 14, 2017, the Ninth Amendment to Master Repurchase Agreement dated January 25, 2018, the Tenth Amendment to Master Repurchase Agreement dated April 26, 2018, the Eleventh Amendment to Master Repurchase Agreement dated June 20, 2018, the Twelfth Amendment to Master Repurchase Agreement dated April 25, 2019, 2019 and the Thirteenth Amendment to Master Repurchase Agreement dated June 22, 2019 the Fourteenth Amendment to MRA dated September 26, 2019, the Fifteenth Amendment to Master Repurchase Agreement dated December 16, 2019, and the Sixteenth Amendment to Master Repurchase Agreement dated April 10, 2020 (the “Amended MRA”) and as amended hereby and as it may be supplemented, further amended or restated from time to time, the “MRA”) to update the name and entity status of Seller as a result of its conversion to a limited liability company, require updated opinions of counsel relating to Seller’s conversion to a limited liability companyprovide for warehousing eMortgage Loans, and they hereby amend the Amended MRA as follows. All capitalized terms used in the Amended MRA and used, but not defined differently, in this amendment (this “Amendment”) have the same meanings here as there. The Sections of this Amendment are numbered to correspond with the numbers of the Sections of the Amended MRA amended hereby and are consequently sometimes nonsequential. The preamble of the Amended MRA is amended to read as follows: THIS MASTER REPURCHASE AGREEMENT dated as of May 2, 2013 (as it may be supplemented, amended or restated from time to time, this “Agreement”) is by and among QUICKEN LOANS, LLC, a Michigan limited liability company (“Seller”), JPMORGAN CHASE BANK, N.A., a national banking association (“Chase”), as administrative agent for the Buyers (in that capacity, Chase is herein referred to as the “Administrative Agent”) and as a Buyer, and the other Buyers party hereto from time to time (collectively with Chase, the “Buyers”). Initially, Chase is the only Buyer.

This Amendment. The Parties agree hereby to amend (for the seventeenth fifteenth time) the Master Repurchase Agreement dated May 2, 2013 between them (the “Original MRA”, as amended by the First Amendment to Master Repurchase Agreement dated May 1, 2014, the Second Amendment to Master Repurchase Agreement dated December 19, 2014, the Third Amendment to Master Repurchase Agreement dated April 30, 2015, the Fourth Amendment to Master Repurchase Agreement dated April 28, 2016, the Fifth Amendment to Master Repurchase Agreement dated November 18, 2016, the Sixth Amendment to Master Repurchase Agreement dated April 27, 2017, the Seventh Amendment to Master Repurchase Agreement dated October 12, 2017, the Eighth Amendment to Master Repurchase Agreement dated December 14, 2017, the Ninth Amendment to Master Repurchase Agreement dated January 25, 2018, the Tenth Amendment to Master Repurchase Agreement dated April 26, 2018, the Eleventh Amendment to Master Repurchase Agreement dated June 20, 2018, the Twelfth Amendment to Master Repurchase Agreement dated April 25, 2019, the Thirteenth Amendment to Master Repurchase Agreement dated June 22, 2019 and the Fourteenth Amendment to MRA dated September 26, 2019, the Fifteenth Amendment to Master Repurchase Agreement dated December 16, 2019, and the Sixteenth Amendment to Master Repurchase Agreement dated April 10, 2020 2019 (the “Amended MRA”) and as amended hereby and as it may be supplemented, further amended or restated from time to time, the “MRA”) to update Schedule III-QL, the name and entity status of Seller as a result of its conversion to a limited liability companyQuicken Loans Non-Agency Jumbo Guidelines, require updated opinions of counsel relating to Seller’s conversion to a limited liability companyby replacing that Schedule, and they hereby amend the Amended MRA as follows. All capitalized terms used in the Amended MRA and used, but not defined differently, in this amendment (this “Amendment”) have the same meanings here as there. The Sections of this Amendment are numbered to correspond with the numbers of the Sections of the Amended MRA amended hereby and are consequently sometimes nonsequential. The preamble of the Amended MRA is amended to read as follows: THIS MASTER REPURCHASE AGREEMENT dated as of May 2, 2013 (as it may be supplemented, amended or restated from time to time, this “Agreement”) is by and among QUICKEN LOANS, LLC, a Michigan limited liability company (“Seller”), JPMORGAN CHASE BANK, N.A., a national banking association (“Chase”), as administrative agent for the Buyers (in that capacity, Chase is herein referred to as the “Administrative Agent”) and as a Buyer, and the other Buyers party hereto from time to time (collectively with Chase, the “Buyers”). Initially, Chase is the only Buyer.

This Amendment. The Parties agree hereby to amend (for the seventeenth eleventh time) the Master Repurchase Agreement dated May 2, 2013 between them (the “Original MRA”, as amended by the First Amendment to Master Repurchase Agreement dated May 1, 2014, the Second Amendment to Master Repurchase Agreement dated December 19, 2014, the Third Amendment to Master Repurchase Agreement dated April 30, 2015, the Fourth Amendment to Master Repurchase Agreement dated April 28, 2016, the Fifth Amendment to Master Repurchase Agreement dated November 18, 2016, the Sixth Amendment to Master Repurchase Agreement dated April 27, 2017, the Seventh Amendment to Master Repurchase Agreement dated October 12, 2017, the Eighth Amendment to Master Repurchase Agreement dated December 14, 2017, the Ninth Amendment to Master Repurchase Agreement dated January 25, 2018, 2018 and the Tenth Amendment to Master Repurchase Agreement dated April 26, 2018, the Eleventh Amendment to Master Repurchase Agreement dated June 20, 2018, the Twelfth Amendment to Master Repurchase Agreement dated April 25, 2019, the Thirteenth Amendment to Master Repurchase Agreement dated June 22, 2019 the Fourteenth Amendment to MRA dated September 26, 2019, the Fifteenth Amendment to Master Repurchase Agreement dated December 16, 2019, and the Sixteenth Amendment to Master Repurchase Agreement dated April 10, 2020 2018 (the “Amended MRA”) and as amended hereby and as it may be supplemented, further amended or restated from time to time, the “MRA”) to update change the name and entity status of Seller as a result of its conversion to a limited liability company, require updated opinions of counsel relating to Seller’s conversion to a limited liability companysublimit for Jumbo Loans, and they hereby amend the Amended MRA as follows. All capitalized terms used in the Amended MRA and used, but not defined differently, in this amendment (this “Amendment”) have the same meanings here as there. The Sections single Section of this Amendment are is numbered to correspond with the numbers number of the Sections Section of the Amended MRA amended hereby and are consequently sometimes nonsequential. The preamble of the Amended MRA is amended to read as follows: THIS MASTER REPURCHASE AGREEMENT dated as of May 2, 2013 (as it may be supplemented, amended or restated from time to time, this “Agreement”) is by and among QUICKEN LOANS, LLC, a Michigan limited liability company (“Seller”), JPMORGAN CHASE BANK, N.A., a national banking association (“Chase”), as administrative agent for the Buyers (in that capacity, Chase is herein referred to as the “Administrative Agent”) and as a Buyer, and the other Buyers party hereto from time to time (collectively with Chase, the “Buyers”). Initially, Chase is the only Buyerhereby.

This Amendment. The Parties agree hereby to amend (for the seventeenth seventh time) the Master Repurchase Agreement dated May 2, 2013 between them (the “Original MRA”, as amended by the First Amendment to Master Repurchase Agreement dated May 1, 2014, the Second Amendment to Master Repurchase Agreement dated December 19, 2014, the Third Amendment to Master Repurchase Agreement dated April 30, 2015, the Fourth Amendment to Master Repurchase Agreement dated April 28, 2016, the Fifth Amendment to Master Repurchase Agreement dated November 18, 2016, 2016 and the Sixth Amendment to Master Repurchase Agreement dated April 27, 2017, the Seventh Amendment to Master Repurchase Agreement dated October 12, 2017, the Eighth Amendment to Master Repurchase Agreement dated December 14, 2017, the Ninth Amendment to Master Repurchase Agreement dated January 25, 2018, the Tenth Amendment to Master Repurchase Agreement dated April 26, 2018, the Eleventh Amendment to Master Repurchase Agreement dated June 20, 2018, the Twelfth Amendment to Master Repurchase Agreement dated April 25, 2019, the Thirteenth Amendment to Master Repurchase Agreement dated June 22, 2019 the Fourteenth Amendment to MRA dated September 26, 2019, the Fifteenth Amendment to Master Repurchase Agreement dated December 16, 2019, and the Sixteenth Amendment to Master Repurchase Agreement dated April 10, 2020 2017 (the “Amended MRA”) and as amended hereby and as it may be supplemented, further amended or restated from time to time, (the “MRA”) to update (i) change the name definition of “Eligible Mortgage Loan”, (ii) amend the Compliance Certificate (Exhibit C) to provide that pending repurchases and entity status indemnifications demands information will be required quarterly or pursuant to Administrative Agent’s interim request, and (ii) define the Quicken Loans Non-Agency Jumbo Guidelines, attach a current copy of Seller them as a result new Schedule III-QL, reference them in related clauses of its conversion to a limited liability company, require updated opinions the definition of counsel relating to Seller’s conversion to a limited liability company“Eligible Mortgage Loan” and add provisions for their possible future revision, and they hereby amend the Amended MRA as follows. All capitalized terms used in the Amended MRA and used, but not defined differently, in this amendment (this “Amendment”) have the same meanings here as hereas there. The Sections of this Amendment are numbered to correspond with the numbers of the Sections of the Amended Original MRA amended hereby and are consequently sometimes therefore nonsequential. The preamble of the Amended MRA is amended to read as follows: THIS MASTER REPURCHASE AGREEMENT dated as of May 2, 2013 (as it may be supplemented, amended or restated from time to time, this “Agreement”) is by and among QUICKEN LOANS, LLC, a Michigan limited liability company (“Seller”), JPMORGAN CHASE BANK, N.A., a national banking association (“Chase”), as administrative agent for the Buyers (in that capacity, Chase is herein referred to as the “Administrative Agent”) and as a Buyer, and the other Buyers party hereto from time to time (collectively with Chase, the “Buyers”). Initially, Chase is the only Buyer.

This Amendment. The Parties agree hereby to amend (for the seventeenth sixteenth time) the Master Repurchase Agreement dated May 2, 2013 between them (the “Original MRA”, as amended by the First Amendment to Master Repurchase Agreement dated May 1, 2014, the Second Amendment to Master Repurchase Agreement dated December 19, 2014, the Third Amendment to Master Repurchase Agreement dated April 30, 2015, the Fourth Amendment to Master Repurchase Agreement dated April 28, 2016, the Fifth Amendment to Master Repurchase Agreement dated November 18, 2016, the Sixth Amendment to Master Repurchase Agreement dated April 27, 2017, the Seventh Amendment to Master Repurchase Agreement dated October 12, 2017, the Eighth Amendment to Master Repurchase Agreement dated December 14, 2017, the Ninth Amendment to Master Repurchase Agreement dated January 25, 2018, the Tenth Amendment to Master Repurchase Agreement dated April 26, 2018, the Eleventh Amendment to Master Repurchase Agreement dated June 20, 2018, the Twelfth Amendment to Master Repurchase Agreement dated April 25, 2019, the Thirteenth Amendment to Master Repurchase Agreement dated June 22, 2019 2019, the Fourteenth Amendment to MRA Master Repurchase Agreement dated September 26, 2019, 2019 and the Fifteenth Amendment to Master Repurchase Agreement dated December 16, 2019, and the Sixteenth Amendment to Master Repurchase Agreement dated April 10, 2020 2019 (the “Amended MRA”) and as amended hereby and as it may be supplemented, further amended or restated from time to time, the “MRA”) to amend certain sublimits as described in the Eligible Mortgage Loan definition, extend the latest Termination Date, update the name Servicing Rights provisions, set forth the parties’ understanding and entity status agreement that any amendment, modification, waiver, settlement or compromise that grants or agrees to forbearance of Seller any payment of principal or interest under a Mortgage Loan for any period of time, or any request for forbearance by a mortgagor pursuant to the CARES Act (defined below), will automatically cause the affected Mortgage Loan to immediately fail or cease to be, as a result applicable, an Eligible Mortgage Loan, and update the notice information of its conversion to a limited liability company, require updated opinions of counsel relating to Seller’s conversion to a limited liability companyAdministrative Agent, and they hereby amend the Amended MRA as follows. All capitalized terms used in the Amended MRA and used, but not defined differently, in this amendment (this “Amendment”) have the same meanings here as there. The Sections of this Amendment are numbered to correspond with the numbers of the Sections of the Amended MRA amended hereby and are consequently sometimes nonsequential. The preamble of the Amended MRA is amended to read as follows: THIS MASTER REPURCHASE AGREEMENT dated as of May 2, 2013 (as it may be supplemented, amended or restated from time to time, this “Agreement”) is by and among QUICKEN LOANS, LLC, a Michigan limited liability company (“Seller”), JPMORGAN CHASE BANK, N.A., a national banking association (“Chase”), as administrative agent for the Buyers (in that capacity, Chase is herein referred to as the “Administrative Agent”) and as a Buyer, and the other Buyers party hereto from time to time (collectively with Chase, the “Buyers”). Initially, Chase is the only Buyer.

This Amendment. The Parties agree hereby to amend (for the seventeenth eighteenth time) the Master Repurchase Agreement dated May 2, 2013 between them (the “Original MRA”, as amended by the First Amendment to Master Repurchase Agreement dated May 1, 2014, the Second Amendment to Master Repurchase Agreement dated December 19, 2014, the Third Amendment to Master Repurchase Agreement dated April 30, 2015, the Fourth Amendment to Master Repurchase Agreement dated April 28, 2016, the Fifth Amendment to Master Repurchase Agreement dated November 18, 2016, the Sixth Amendment to Master Repurchase Agreement dated April 27, 2017, the Seventh Amendment to Master Repurchase Agreement dated October 12, 2017, the Eighth Amendment to Master Repurchase Agreement dated December 14, 2017, the Ninth Amendment to Master Repurchase Agreement dated January 25, 2018, the Tenth Amendment to Master Repurchase Agreement dated April 26, 2018, the Eleventh Amendment to Master Repurchase Agreement dated June 20, 2018, the Twelfth Amendment to Master Repurchase Agreement dated April 25, 2019, the Thirteenth Amendment to Master Repurchase Agreement dated June 22, 2019 2019, the Fourteenth Amendment to MRA Master Repurchase Agreement dated September 26, 2019, the Fifteenth Amendment to Master Repurchase Agreement dated December 16, 2019, and the Sixteenth Amendment to Master Repurchase Agreement dated April 10, 2020 (2020, and the Seventeenth Amendment to Master Repurchase Agreement dated April 15, 2020, the “Amended MRA”) , and as amended hereby and as it may be supplemented, further amended or restated from time to time, the “MRA”) to extend the latest Termination Date, amend the Jumbo Loan sublimit in the definition of Eligible Mortgage Loan, and update the name and entity status notice information of Seller as a result of its conversion to a limited liability company, require updated opinions of counsel relating to Seller’s conversion to a limited liability companyAdministrative Agent, and they hereby amend the Amended MRA as follows. All capitalized terms used in the Amended MRA and used, but not defined differently, in this amendment (this “Amendment”) have the same meanings here as there. The Sections of this Amendment are numbered to correspond with the numbers of the Sections of the Amended MRA amended hereby and are consequently sometimes nonsequential. The preamble of the Amended MRA is amended to read as follows: THIS MASTER REPURCHASE AGREEMENT dated as of May 2, 2013 (as it may be supplemented, amended or restated from time to time, this “Agreement”) is by and among QUICKEN LOANS, LLC, a Michigan limited liability company (“Seller”), JPMORGAN CHASE BANK, N.A., a national banking association (“Chase”), as administrative agent for the Buyers (in that capacity, Chase is herein referred to as the “Administrative Agent”) and as a Buyer, and the other Buyers party hereto from time to time (collectively with Chase, the “Buyers”). Initially, Chase is the only Buyer.