Asset Value. Buyer shall have the right to determine the Asset Value of each Purchased Asset and its related Underlying Asset at any time. For the avoidance of doubt, the Asset Value of a Purchased Asset shall be determined with respect to the Asset Value of the related Underlying Asset; provided that if a Purchased Asset fails to qualify as an Eligible Participation Interest, Buyer may ▇▇▇▇ the Asset Value of such Purchased Asset (and all related Underlying Assets) to zero.
Appears in 3 contracts
Sources: Master Repurchase Agreement (Rocket Companies, Inc.), Master Repurchase Agreement (Guild Holdings Co), Master Repurchase Agreement (Mr. Cooper Group Inc.)