Common use of Trigger Event MSR Asset Sale Clause in Contracts

Trigger Event MSR Asset Sale. Seller shall, within one (1) Business Day, notify Buyer in the event that it has voluntarily relinquished or delivered notice of its intent to sell or transfer Gxxxxx Mxx Contract rights constituting more than 50% of the aggregate Gxxxxx Mxx Contract rights of Seller with respect to Gxxxxx Mxx, in any event without Buyer’s prior express written consent.

Appears in 4 contracts

Samples: Master Repurchase Agreement (PennyMac Financial Services, Inc.), Master Repurchase Agreement (PennyMac Financial Services, Inc.), Master Repurchase Agreement (PennyMac Financial Services, Inc.)

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Trigger Event MSR Asset Sale. Seller shall, within one (1) Business Day[***], notify Buyer in the event that it has voluntarily relinquished or delivered notice of its intent to sell or transfer Gxxxxx Mxx Xxxxxx Xxx Contract rights constituting more than 50[***]% of the aggregate Gxxxxx Mxx Xxxxxx Xxx Contract rights of Seller with respect to Gxxxxx Mxx, in any event without Buyer’s prior express written consentXxxxxx Xxx.

Appears in 3 contracts

Samples: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.)

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Trigger Event MSR Asset Sale. Seller shall, within one (1) Business Day, notify Buyer in the event that it has voluntarily relinquished or delivered notice of its intent to sell or transfer Gxxxxx Mxx Contract rights constituting more than 5010% of the aggregate Gxxxxx Mxx Contract rights of Seller with respect to Gxxxxx Mxx, in any event without Buyer’s prior express written consent.

Appears in 2 contracts

Samples: Master Repurchase Agreement (PennyMac Financial Services, Inc.), Master Repurchase Agreement (PennyMac Financial Services, Inc.)

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