Margin Deficit Event definition

Margin Deficit Event means the occurrence or existence of any of the following, as determined by Buyer in its sole discretion:

Margin Deficit Event shall exist, with respect to any Purchased Asset, if the Margin Deficit for such Purchased Asset is at least $250,000.

Margin Deficit Event means, the occurrence or existence of any of the following, as determined by Buyer in its sole discretion:

Examples of Margin Deficit Event in a sentence

• Seller represents that pursuant to the Master Repurchase Agreement, no Material Adverse Effect, Margin Deficit, Event of Default or, to Seller’s Knowledge, Default has occurred and is continuing as of the date hereof, and no Default, Event of Default or Margin Deficit will occur as a result of the execution, delivery and performance by Seller of this Amendment.

• No Margin Deficit Event shall exist, either immediately prior to or after giving effect to the requested Transaction.

• In making any determination that a Margin Deficit Event has occurred, Buyer shall utilize substantially similar methodologies to those that Buyer utilizes under similar repurchase facilities with similarly-situated sellers and the purchased assets under such repurchase facilities.

• With respect to a Margin Deficit Event set forth in clause (b) of such definition, if a Margin Call is given by Lender under Section 2.07(a) on any Business Day at or prior to 10:00 a.m. (New York City time) and Borrower elects to satisfy such Margin Call by making a cash payment, then Borrower shall cure the related Margin Deficit Event as provided in Section 2.07(a) by no later than 5:00 p.m. (New York City time) on the same Business Day.

• No Margin Deficit Event shall exist unless Lender has agreed to Borrower’s request to pay the Margin Deficit Amount pursuant to Section 3.03(c)(v).

More Definitions of Margin Deficit Event

Margin Deficit Event means the occurrence or existence of any of the following, as determined by Purchaser in its sole discretion (except as set forth below), exercised in good faith:

Margin Deficit Event means the occurrence of the following event before the Maturity Date, as determined by the Calculation Agent: the excess of (A) the sum of (i) the market value of the Collateral and (ii) any Supplementary Collateral held by the Issuer on a particular day (such sum the “Collateral Market Value”) over (B) the mark-to-market value of the Swap Agreement (the “Swap MTM”) is less than 50 per cent. of the Outstanding Principal Amount.For the avoidance of doubt, the Collateral Market Value and the Swap MTM shall be determined by the Calculation Agent.

Margin Deficit Event means the occurrence of any of the following: (a) if, as of any Payment Date, the interest due and payable by the Underlying Borrowers with respect to all Underlying Loans, less any set up fees and ongoing expenses and fees payable by Borrower with respect to such Underlying Loans and any Borrower organizational expenses, is less than twice the amount of the Interest due with respect to the Loan by Borrower pursuant to this Loan Agreement as of such Payment Date or (b) with respect to any Underlying Loan, if upon the occurrence of a Write Down with respect to such Underlying Loan, the Allocated Loan Amount of such Underlying Loan divided by the unpaid principal balance of such Underlying Loan is greater than the Advance Rate (UPB) applicable to such Underlying Loan.

Margin Deficit Event shall have the meaning set forth in the Fee Letter, which definition is incorporated herein by reference.

Margin Deficit Event shall exist, with respect to any Purchased Asset, if the Margin Amount for such Purchased Asset is less than the product of (a) 98% multiplied by (b) the Repurchase Price for such Purchased Asset.

Margin Deficit Event means the occurrence or existence of any of the following, as determined by Administrative Agent, on behalf of Xxxxxx, in its sole discretion:

Margin Deficit Event means the occurrence or existence of any of the following, as determined by Purchaser in its sole discretion (except as set forth below): (i) with respect to any Type A Purchased Asset, the Purchase Price Debt Yield is less than the Minimum Purchase Price Debt Yield; (ii) with respect to any Type A Purchased Asset, the Buyer’s LTV of such Type A Purchased Asset is equal to or greater than the Maximum Buyer’s LTV of such Type A Purchased Asset; (iii) with respect to any Type B Purchased Asset, the Buyer’s LTV of such Type B Purchased Asset is equal to or greater than sixty percent (60%); or (iv) with respect to any Type B Purchased Asset, the Market Value of such Type B Purchased Asset has decreased by fifteen percent (15%) or more from the Market Value of such Type B Purchased Asset on the Purchase Date thereof.”