Transaction Request Procedure (Wet-Ink Transactions). (a) Seller may request a Wet-Ink Transaction hereunder, on any Business Day during the period from and including the Effective Date to and excluding the Termination Date, by delivering to the Agent, an estimate of the amount required to fund Wet-Ink Transactions the following Business Day, which estimate must be received by the Agent prior to 5:00 p.m. New York City time, one (1) Business Day prior to the requested Purchase Date.
Appears in 4 contracts
Samples: Master Repurchase Agreement (Caliber Home Loans, Inc.), Master Repurchase Agreement (Pennymac Financial Services, Inc.), Master Repurchase Agreement (Pennymac Financial Services, Inc.)
Transaction Request Procedure (Wet-Ink Transactions). (a) Seller may request a Wet-Ink Transaction hereunder, on any Business Day during the period from and including the Effective Date to and excluding the Termination Date. Upon request of Agent, by delivering Seller shall use commercially reasonable efforts to deliver to the Agent, an estimate of the amount required to fund Wet-Ink Transactions the following Business Day, which estimate must be received Day by the Agent prior to 5:00 p.m. New York City time, time one (1) Business Day prior to the requested Purchase Date.
Appears in 1 contract