Purchase Price Increase definition

Purchase Price Increase shall have the meaning set forth in Section 2.05(c)(iii).

Purchase Price Increase means an increase in the Purchase Price for the REO Subsidiary Interests based upon the REO Subsidiary acquiring additional Contributed Assets, to which such portion of the Purchase Price is allocated, as requested by a Seller pursuant to Section 3(b) hereof.

Purchase Price Increase has the meaning set forth in Section 2.1.

Examples of Purchase Price Increase in a sentence

• Each such transaction and Purchase Price Increase shall be referred to herein as a “Transaction” and shall be governed by this Agreement, unless otherwise agreed in writing, including any supplemental terms or conditions contained in any annexes identified herein, as applicable hereunder.

• The acquisition of such Contributed REO Property by the applicable Underlying Entity shall result in an applicable change in the value of the Underlying Entity Certificate (as determined in accordance with the definition of Asset Value) and any Purchase Price Increase or Margin Deficit attributed to any change in category shall be paid by the Seller.

• On and after the Purchase Date of any Purchased Certificate, the Seller may request and Administrative Agent on behalf of Buyers may fund, subject to the terms and conditions of this Agreement, a Purchase Price Increase (as defined hereinafter) for the Transactions in respect of the Purchased Certificate based upon the acquisition of additional Contributed Assets by the Underlying Entity.

• Such Transaction Request or Purchase Price Increase Request shall include an Asset Schedule with respect to the Underlying Assets to be sold in such requested Transaction.

• The undersigned Seller expressly acknowledges and agrees that the election by the Buyer to fund the Purchase Price Increase on any day prior to the related Purchase Price Increase Date shall not constitute or be deemed to be an amendment, waiver or other modification of the notice requirements set forth in the Agreement.

More Definitions of Purchase Price Increase

Purchase Price Increase means (a) an increase in the Purchase Price for a Purchased Certificate based upon the Underlying Entity acquiring additional Contributed Assets to which such portion of the Purchase Price is allocated, as requested by any Seller pursuant to Section 3.b hereof; (b) an increase in the Purchase Price of a HELOC in connection with a Draw, as requested by any Seller Party pursuant to Section 3.b hereof or (c) to the extent a Seller Party previously requested a Purchase Price less than the Asset Value on such prior Purchase Date, such increased portion of the Purchase Price for such Purchased Asset not to exceed the applicable Asset Value on such subsequent Purchase Date.

Purchase Price Increase means an increase in the Purchase Price for the Purchased Certificates based upon a Seller Party Subsidiary acquiring additional Eligible REO Property, Eligible Mortgage Loan or Eligible Rental Property, as applicable, to which such portion of the Purchase Price is allocated, as requested by any Seller pursuant to Section 3(b) hereof.

Purchase Price Increase has the meaning set forth in Section 1.3(e)(i).

Purchase Price Increase means an increase in the Purchase Price for the Purchased Asset based upon the Trust Subsidiary acquiring additional Eligible Mortgage Loans as requested by Seller, to which such portion of the Purchase Price is allocated.

Purchase Price Increase means an increase in the Purchase Price for the Purchased Certificate, based upon the Pass-Through Trust Trustee for the Pass-Through Trust acquiring additional Contributed Mortgage Loans to which such portion of the Purchase Price is allocated, as requested by a Seller pursuant to Section 3.b hereof, which amount shall equal the product of the Purchase Price Percentage multiplied by the least of: (x) the Market Value of such Contributed Mortgage Loans, (y) the outstanding principal amount thereof as set forth on the related Asset Schedule and (z) the Acquisition Price thereof.

Purchase Price Increase means an increase in the Purchase Price of a Purchased Mortgage Loan resulting from the funding or reimbursement of a Draw (if applicable) by Buyer in respect of one or more Purchased Mortgage Loans that are HELOCs, which shall be equal to the sum of (calculated with respect to each such Purchased Mortgage Loans) the product of (x) the Applicable Percentage times (y) the related Market Value times (z) the amount of the Draw being funded or reimbursed.

Purchase Price Increase means an increase in the Purchase Price for the Participation Interests based upon Guarantor allocating additional Underlying Mortgage Loans to the Participation Interests, as requested by Seller pursuant to Section 4(c) hereof. The allocation of Underlying Mortgage Loans to the Participation Interests and corresponding increase in value of the Participation Interests shall be used to determine a Purchase Price Increase with respect to such Participation Interests pursuant to the definition of Purchase Price, as further set forth in Section 4(d) hereof, and such Purchase Price Increase shall be added to the Purchase Price with respect to Participation Interests for purposes of determining the outstanding Purchase Price hereunder.