Post nine of Existing Learn Repurchase Contract are hereby revised adding the second brand new Point nine

by user user on 14 มกราคม 2025

Part 5

Find. Section 9.3 of the Existing Master Repurchase Agreement is hereby amended by deleting subsections (g), (m) and (n) in their entirety and replacing them with the following:

(g) one change in any point respect to the underwriting assistance relating so you can Eligible Mortgages hereunder, otherwise correspondent guidance (and, versus restrict this new correspondent acceptance processes) out-of Vendor that exist as of the Energetic Time;

(m) notwithstanding the initial phrase from the Point and also in people skills no later than 30 (30) days? prior authored observe to Buyer, people (i) switch to the region of their leader work environment/master place of business regarding one given into the Part 8.1(t), (ii) change in title, term or business build (or even the similar) or improvement in the spot where Vendor keeps their info with admiration for the Bought Possessions or any Ordered Issues, or (iii) reincorporation otherwise reorganization off Merchant under the laws of some other jurisdiction;

(n) any (i) material non-financial sanctions levied up against Seller; (ii) charges otherwise costs levied facing Provider over $[***] myself sustained right down to Supplier?s measures or omission to behave; (iii) any improvement in Recognition status out of Vendor or (iv) the beginning of any material low-regime Department Review, investigation and/or facilities of any step against Merchant, inside each question of conditions (i), (ii) and you may (iv), by people Company, HUD, the fresh new FHA, brand new Virtual assistant or perhaps the RD or any supervisory or regulating Governmental Authority supervising otherwise managing this new origination or repair from mortgages by, or perhaps the issuer or merchant position regarding, Seller;

9.18 Helpful Possession Qualification. Seller shall at all times either (i) ensure that the Seller has delivered to Buyer a Beneficial Ownership Certification, if applicable, and that the information contained therein is true and correct in all respects, or (ii) deliver to Buyer an updated Beneficial Ownership Certification within five (5) Business Days following the date on which the information contained in any previously delivered Beneficial Ownership Certification ceases to be true and correct in all respects.

10.1 Obligations. Seller shall not incur any additional material Debt in excess of $[***] without the prior written consent of Buyer, other than (i) the Existing Debt, (ii) Debt incurred in connection with a repurchase agreement, warehouse facility or similar credit facility or mortgage servicing or servicing advance facility, (iii) Debt incurred with Buyer or its Affiliates, and (iv) usual and customary accounts payable for a mortgage company.

Section cuatro

10.3 Financial obligation and you will Subordinated Personal debt. Seller shall not, either directly or indirectly, without the prior written consent of Buyer, pay any Debt or Subordinated Debt if such payment shall cause a Potential Default or Event of Default. Further, if an Event of Default shall have occurred and for as long as such is occurring, Seller shall not, either directly or indirectly, without the prior written consent of Buyer, make any payment of any kind thereafter on such Debt or Subordinated Debt until all obligations of Seller hereunder have been paid and performed in full.

SECTION 7. Purchases with Associates. Section 10.7 of the Existing Master Repurchase Agreement is hereby amended by deleting such section in its entirety and replacing it with the following:

10.7 Purchases which have Associates. Other than with respect to a Permitted Affiliate Transaction, Seller shall not, directly or indirectly, enter into any transaction with its Affiliates, without the prior written consent of Buyer, including, without limitation, (a) transferring, selling, pledging, assigning or otherwise disposing of any of its assets to or on behalf of an Affiliate, (b) purchasing or acquiring assets from cashadvanceamerica.net/payday-loans-ma/ an Affiliate, or (c) paying management fees to or on behalf of an Affiliate; provided, however, that Seller may, without the