Purchase Price Decrease means a reduction in the outstanding Purchase Price for Purchased Loans without a termination of a Transaction or portion thereof as described in Section 3.4(c).
Purchase Price Decrease means a decrease in the Purchase Price in connection with (a) the removal of an Underlying Mortgage Loan allocated to the Participation Interest, or (b) the removal of an Underlying REO Property from the REO Subsidiary.
Purchase Price Decrease means a decrease in the Purchase Price for the Purchased Certificates, based upon the amount of any cash transferred by the Sellers to Buyer applied to reduce the Sellers’ obligations in accordance with Section 4 hereof or pursuant to Section 6 hereof.
Examples of Purchase Price Decrease in a sentence
No Purchased Loans shall be, or be deemed to be, repurchased in connection with a Purchase Price Decrease.
The Seller may effectuate a Purchase Price Decrease on any Business Day by delivery to the Agent in immediately available funds of an amount specified by the Seller as a Purchase Price Decrease on that Business Day.
No Purchased Loans shall be, or be deemed to be, repurchased in connection with a Purchase Price Decrease, unless requested in writing pursuant to Section 6.1(b).
Each Purchase Price Decrease must be in an amount not less than $1,000,000.
The Seller may at any time and from time to time, request a Purchase Price Decrease by notice to the Administrative Agent no less than one Business Day prior to the date that the Seller intends to effectuate such Purchase Price Decrease, specifying the date of the Purchase Price Decrease (the “Purchase Price Decrease Date”).
More Definitions of Purchase Price Decrease
Purchase Price Decrease shall have the meaning set forth in Section 2.05(c)(iv).
Purchase Price Decrease shall have the meaning set forth in Section 3(e) hereof.
Purchase Price Decrease means a decrease in the Purchase Price for a Purchased Asset related to the removal of a Mezzanine Loan from the Mezzanine Loan Subsidiary, and the decrease in value of the Mezzanine Loan Subsidiary Interests related thereto.
Purchase Price Decrease. A decrease in the Purchase Price for any Purchased Asset equal to the amount of the Allocated Purchase Price of any Underlying Assets in connection with the release of such Underlying Assets from Transactions hereunder as a result of the sale or conveyance of such Underlying Assets by the related Master Series Trust to a party other than Buyer or another Master Series Trust.
Purchase Price Decrease has the meaning set forth in Section 3.2(d)(ii).
Purchase Price Decrease means a “Purchase Price Decrease” as defined in each of the El Paso PSA, Xxxx-XxXxx PSA and Valero PSA.
Purchase Price Decrease means a reduction in the outstanding Purchase Price for Purchased Loans without a termination of a Transaction or portion thereof as described in Section 3.3(d). “Purchase Value” means the lesser of (a) (i) the Buyers’ Margin Percentage for a Purchased Loan multiplied by (ii) the least of: (A) the face principal amount of the related Mortgage Note; (B) the price to be paid for such Purchased Loan under an Investor Commitment or the weighted average price under unused Investor Commitments into which such Purchased Loan is eligible for delivery; and (C) the Seller’s origination or acquisition price for such Purchased Loan. and, (b) at the discretion of the Agent, the Buyer’s Margin Percentage of the Market Value of such Purchased Loan; provided, that (i) the Purchase Value for Purchased Loans in excess of the sublimits set forth in Section 4.2 shall be zero and, (ii) except for Discretionary Loans, the Purchase Value for any Purchased Loan that is not an Eligible Loan shall be zero. “Purchased Loans” means the Eligible Loans sold by the Seller to the Buyers or the Swing Line Buyer in Transactions, and any Eligible Loans substituted therefor in accordance with Section 11. The term “Purchased Loans” with respect to any Transaction at any time shall also include Additional Purchased Loans delivered pursuant to Section 3.8 and Section 6.1. “Purchased Loan Activity Summary Report” is defined in the Custody Agreement. “Purchased Loans Support” means all property (real or personal) assigned, hypothecated or securing any Purchased Loans, or otherwise pertaining to any Purchased Loans, including without limitation: (1) all Loan Papers, whether now owned or hereafter acquired, related to, and all private mortgage insurance on, any Purchased Loans, and all renewals, extensions, modifications and replacements of any of them; (2) all rights, liens, security interests, guarantees, insurance agreements and assignments accruing or to accrue to the benefit of the Seller in respect of any Purchased Loan;