Extension of Repurchase Dates Clause Samples
Extension of Repurchase Dates. Prior to the Maturity Date, at the request of Seller delivered to Buyer within thirty (30) days prior to the then-current Repurchase Date, Seller may elect to extend the Repurchase Date for the related Purchased Asset for an additional period not to exceed the earlier of (x) three hundred sixty-four (364) days and (y) the Repurchase Date for the related Purchased Asset pursuant to clause (b), (c) or (d) of the definition of Repurchase Date (including the proviso thereto), as applicable, so long as, on the date of such request, (i) no Default or Event of Default has occurred and is continuing, (ii) no Margin Deficit shall be outstanding, and (iii) Buyer has received payment from Seller of the Annual Funding Fee with respect to the related Purchased Asset. For the avoidance of doubt, in no event may the Repurchase Date for any Purchased Asset be extended beyond the date that is two (2) Business Days prior to the maturity date of such Purchased Asset.
Extension of Repurchase Dates. Buyer and Seller hereby acknowledge and agree that (i) Seller has elected to extend, pursuant to Section 3.05 of the Repurchase Agreement, the Repurchase Date of each Purchased Asset (as determined pursuant to clause (a) of the definition of Repurchase Date) to the earlier of (x) three hundred sixty-four (364) days following the current Repurchase Date of each such Purchased Asset (as determined pursuant to clause (a) of the definition of Repurchase Date) and (y) the Repurchase Date of each such Purchased Asset pursuant to clause (b), (c) or (d) of the definition of Repurchase Date (including the proviso thereto), and (ii) each such Repurchase Date is hereby so extended as described in the preceding clause (i), effective as of the Amendment Effective Date. ▇▇▇▇▇ and ▇▇▇▇▇▇ further acknowledge and agree that, notwithstanding anything to the contrary in Section 3.05 of the Repurchase Agreement, the extensions described in this Section 11 shall be deemed to comply with the requirements of Section 3.05 of the Repurchase Agreement.
Extension of Repurchase Dates. For the avoidance of any doubt, notwithstanding the execution of this Amendment and anything else to the contrary, Section 11 (Extension of Repurchase Dates) of Amendment No. 18 remains effective and is not overridden by this Amendment in any respect.
Extension of Repurchase Dates. At the request of Seller delivered to Buyer no earlier than sixty (60) and no later than thirty (30) days before the then-current Repurchase Date, Seller may elect to extend the Repurchase Date for any Purchased Asset for additional periods of three hundred sixty-four (364) days each (but in no event beyond the then-current Maturity Date or Extended Maturity Date) so long as (i) no Default or Event of Default exists on the date of the request to extend the Repurchase Date or as of the then-current Repurchase Date, (ii) the related Purchased Asset continues to qualify as an Eligible Asset, (iii) no Margin Deficit shall be outstanding and (iv) immediately prior to and immediately after giving effect to such extension of any Repurchase Date, the Debt Yield Test and the LTV/LTC Test are each satisfied.