Total Liabilities to Adjusted Tangible Net Worth Ratio. (A) Seller’s ratio of Total Liabilities to Adjusted Tangible Net Worth shall not exceed 10:1 and (B) PMIT’s and its Subsidiaries’ aggregate ratio of Total Liabilities to Adjusted Tangible Net Worth shall not exceed 3:1.
Appears in 2 contracts
Samples: Mortgage Loan Participation Purchase and Sale Agreement, Master Repurchase Agreement (PennyMac Mortgage Investment Trust)
Total Liabilities to Adjusted Tangible Net Worth Ratio. (A) Seller’s ratio of Total Liabilities to Adjusted Tangible Net Worth shall not exceed 10:1 5:1 and (B) PMITGuarantor’s and its Subsidiaries’ aggregate ratio of Total Liabilities to Adjusted Tangible Net Worth shall not exceed 3:15:1.
Appears in 1 contract
Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)
Total Liabilities to Adjusted Tangible Net Worth Ratio. (A) Seller’s ratio of Total Liabilities to Adjusted Tangible Net Worth shall not exceed 10:1 and 10:1; (B) PMIT’s and its Subsidiaries’ aggregate ratio of Total Liabilities to Adjusted Tangible Net Worth shall not exceed 3:15:1; and (C) PMOP’s ratio of Total Liabilities to Adjusted Tangible Net Worth shall not exceed 5:1.
(a) (iv)
Appears in 1 contract
Samples: Mortgage Loan Participation Purchase and Sale Agreement (PennyMac Mortgage Investment Trust)
Total Liabilities to Adjusted Tangible Net Worth Ratio. (A) Seller’s ratio of Total Liabilities to Adjusted Tangible Net Worth shall not exceed 10:1 and 10:1; (B) PMIT’s and its Subsidiaries’ aggregate ratio of Total Liabilities to Adjusted Tangible Net Worth shall not exceed 3:15:1; and (C) PMOP’s ratio of Total Liabilities to Adjusted Tangible Net Worth shall not exceed 5:1.
Appears in 1 contract
Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)
