Common use of Margin Deficit Clause in Contracts

Margin Deficit. If at any time the sum of the Margin Amounts of all Purchased Mortgage Loans then subject to Transactions is less than the sum of their Repurchase Prices, a margin deficit (“Margin Deficit”) will exist and Buyer, by notice to Seller (a “Margin Call”), may require Seller to transfer to Buyer (x) cash, or (y) if Buyer is willing to accept them in lieu of cash, additional Eligible Mortgage Loans reasonably acceptable to Buyer (“Additional Purchased Mortgage Loans”), or (z) a combination, to the extent (if any) acceptable to Buyer, of cash and Additional Purchased Mortgage Loans, so that immediately after such transfer(s) the sum of (i) such cash, if any, so transferred to Buyer plus (ii) the aggregate of the Margin Amounts of all Purchased Mortgage Loans for all Transactions outstanding at that time, including any such Additional Purchased Mortgage Loans, will be at least equal to the sum of the Repurchase Prices of all Purchased Mortgage Loans then subject to outstanding Transactions.

Margin Deficit. If at any time the sum of the Margin Amounts of all Purchased Mortgage Loans then subject to Transactions is less than the sum of their Repurchase Prices, Aggregate Purchase Price (a margin deficit (“Margin Deficit”) will exist and ), then Buyer, by notice to Seller (a “Margin Call”), may require Seller to transfer to Buyer Buyer, at Buyer’s option, either (x) cashcash to be applied by Buyer to the payment of the Repurchase Prices of the Purchased Mortgage Loans that are subject to the related Transactions, or (y) if Buyer is willing to accept them in lieu of cash, additional Eligible Mortgage Loans reasonably acceptable to Buyer (“Additional Purchased Mortgage Loans”), ) or (z) a combination, to the extent (if any) acceptable to as determined by Buyer, of cash and Additional Purchased Mortgage Loans, so that that, immediately after such transfer(s) ), the sum of (i) such cash, if any, so transferred to Buyer plus (ii) the aggregate of the Margin Amounts of all Purchased Mortgage Loans for all Transactions outstanding at that time, including any such Additional Purchased Mortgage Loans, will be at least equal to the sum of the Repurchase Prices of all Purchased Mortgage Loans then subject to outstanding TransactionsAggregate Purchase Price at that time.

Margin Deficit. If at any time the sum of the Margin Amounts of all Purchased Mortgage Loans then subject to Transactions at that time is less than the sum of their Repurchase Prices, Aggregate Purchase Price (a margin deficit (“Margin Deficit”) will exist and ), then Buyer, by notice to Seller (a “Margin Call”)Seller, may require Seller to transfer to Buyer Buyer, at Buyer’s option, either (x) cashcash to be applied by Buyer to the payment of the Repurchase Prices of the Purchased Mortgage Loans that are subject to the related Transactions, or (y) if Buyer is willing to accept them in lieu of cash, additional Eligible Mortgage Loans reasonably acceptable to Buyer (“Additional Purchased Mortgage Loans”), ) or (z) a combination, to the extent (if any) acceptable to as determined by Buyer, of cash and Additional Purchased Mortgage Loans, so that that, immediately after such transfer(s) ), the sum of (i) such cash, if any, so transferred to Buyer plus (ii) the aggregate of the Margin Amounts of all Purchased Mortgage Loans for all Transactions outstanding at that time, including any such Additional Purchased Mortgage Loans, will be at least equal to the sum of the Repurchase Prices of all Purchased Mortgage Loans then subject to outstanding TransactionsAggregate Purchase Price at that time.

Margin Deficit. If at any time the sum of the Margin Amounts of all Purchased Mortgage Loans then subject to Transactions is less than the sum of their Repurchase Prices, a margin deficit (a “Margin Deficit”) will exist exist, and BuyerAdministrative Agent, by notice to Seller (a “Margin Call”), may require Seller Sellers to transfer to Buyer Administrative Agent (for Buyers’ accounts) (x) cash, cash or (y) if Buyer Administrative Agent is willing to accept them in lieu of cash, additional Eligible Mortgage Loans reasonably acceptable to Buyer Administrative Agent (“Additional Purchased Mortgage Loans”), ) or (z) a combination, to the extent (if any) acceptable to BuyerAdministrative Agent, of cash and Additional Purchased Mortgage Loans, so that immediately after such transfer(s) the sum of of (i) such cash, if any, so transferred to Buyer Administrative Agent (for Buyers’ accounts) plus (ii) the aggregate of the Margin Amounts of all Purchased Mortgage Loans for all Transactions outstanding at that time, including any such Additional Purchased Mortgage Loans, will be at least equal to the sum of the their Repurchase Prices of all Purchased Mortgage Loans then subject to outstanding Transactionsat that time.

Margin Deficit. If at any time the sum of the Margin Amounts of all Purchased Mortgage Loans then subject to Transactions is less than the sum of their Repurchase Prices, a margin deficit (“Margin Deficit”) will exist and Buyer, by notice to Seller Sellers (a “Margin Call”), may require Seller Sellers to transfer to Buyer (x) cash, or (y) if Buyer is willing to accept them in lieu of cash, additional Eligible Mortgage Loans reasonably acceptable to Buyer (“Additional Purchased Mortgage Loans”), or (z) a combination, to the extent (if any) acceptable to Buyer, of cash and Additional Purchased Mortgage Loans, so that immediately after such transfer(s) the sum of (i) such cash, if any, so transferred to Buyer plus (ii) the aggregate of the Margin Amounts of all Purchased Mortgage Loans for all Transactions outstanding at that time, including any such Additional Purchased Mortgage Loans, will be at least equal to the sum of the Repurchase Prices of all Purchased Mortgage Loans then subject to outstanding Transactions.

Margin Deficit. If at any time the sum of the Margin Amounts of all Purchased Mortgage Loans then subject to Transactions is less than the sum of their Repurchase Prices, Aggregate Purchase Price (a margin deficit (“Margin Deficit”) will exist and ), then Buyer, by notice to any Seller (a “Margin Call”), may require Seller Sellers to transfer to Buyer (x) cash, cash to be applied by Buyer to reduce the Repurchase Prices of Purchased Mortgage Loans that are then subject to outstanding Transactions or (y) if Buyer is willing to accept them in lieu of cash, additional Eligible Mortgage Loans reasonably acceptable to Buyer (“Additional Purchased Mortgage Loans”), ) or (z) a combination, to the extent (if any) acceptable to Buyer, of cash and Additional Purchased Mortgage Loans, so that immediately after such transfer(s) the sum of (i) such cash, if any, so transferred to Buyer plus (ii) the aggregate of the Margin Amounts of all Purchased Mortgage Loans for all Transactions outstanding at that time, including any such Additional Purchased Mortgage Loans, will be at least equal to the sum of the Repurchase Prices of all Purchased Mortgage Loans then subject to outstanding TransactionsAggregate Purchase Price at that time.