Part 5
See. 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 one situation value to the underwriting assistance pertaining so you can Eligible Mortgages hereunder, or correspondent advice (including, versus maximum the fresh correspondent approval process) out of Supplier that exist since the Effective Date;
(m) regardless of the first phrase with the Point along with people knowledge no afterwards than 30 (30) days? earlier written find so you can Visitors, people (i) switch to the region of its leader work environment/master office out of one to specified in Area 8.1(t), (ii) change in the name, identity otherwise business framework (and/or comparable) or improvement in the location where Supplier preserves the information with respect to your Bought Possessions or any Bought Circumstances, or (iii) reincorporation otherwise reorganization from Seller in laws of another legislation;
(n) any (i) question low-economic sanctions levied facing Vendor; (ii) penalties or charges levied facing Supplier over $[***] personally sustained down to Merchant?s tips or omission to do something; (iii) one improvement in Approval status out-of Provider otherwise (iv) the commencement of every issue non-routine Institution Audit, analysis or perhaps the organization of any step up against Provider, in the for every matter of conditions (i), (ii) and you may (iv), because of the people Agency, HUD, the FHA, new Va or even the RD or one supervisory otherwise regulatory Political Power supervising otherwise regulating this new origination or upkeep out of mortgages because of the, or even the issuer otherwise supplier condition out of, Seller;
9.18 Helpful Control 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 Loans. Seller shall not incur any additional material Debt in excess of $[***] without the prior written consent online personal loans Louisiane 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.
Area 4
10.3 Personal debt and you may Subordinated Obligations. 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. Deals having 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 Transactions that have Affiliates. 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 an Affiliate, or (c) paying management fees to or on behalf of an Affiliate; provided, however, that Seller may, without the