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 if the Margin Deficit exceeds [***] Dollars ($[***]), 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) the aggregate of the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ of all Purchased Mortgage Loans for all Transactions outstanding at that time, including any such Additional Purchased Mortgage Loans, plus (ii) such cash, if any, so transferred to Buyer, 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 aggregate Margin Amounts of all Purchased Mortgage Loans and MBS then subject to Transactions is less than the sum of their Repurchase Prices, a margin deficit (a “Margin Deficit”) will exist, and if . If at any time the Margin Deficit exceeds [***] Dollars ($is greater than the Cash Deposit balance by more than [***]), BuyerAdministrative Agent, by notice to Seller (a “Margin Call”), may require Seller 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, MBS and/or additional Eligible Mortgage Loans reasonably acceptable to Buyer Administrative Agent (“Additional MBS/Purchased Mortgage Loans”), ) or (z) a combination, to the extent (if any) acceptable to BuyerAdministrative Agent, of cash and Additional MBS/Purchased Mortgage Loans, so that immediately after such transfer(s) ), the sum of (i) the aggregate of the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Margin Amounts of all Purchased Mortgage Loans and MBS for all Transactions outstanding at that time, including any such Additional MBS/Purchased Mortgage Loans, plus (ii) the then- balance of the Cash Deposit, plus (iii) such cash, if any, so transferred to BuyerAdministrative Agent, will be at least equal to the sum of the aggregate Repurchase Prices Price of all Purchased Mortgage Loans and MBS 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, a margin deficit (“Margin Deficit”) will exist, and if . If at any time either (i) the Margin Deficit exceeds [***] Dollars or ($[***])ii) any Default or Event of Default has occurred and is continuing, 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, plus (ii) such cash, if any, so transferred to Buyer, 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, a margin deficit (“Margin Deficit”) will exist, and if the Margin Deficit exceeds [***] Two Hundred Fifty Thousand Dollars ($[***]250,000), 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, plus (ii) such cash, if any, so transferred to Buyer, 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, a margin deficit (“Margin Deficit”) will exist, and if . If at any time either (i) the Margin Deficit exceeds [***] Two Hundred Fifty Thousand Dollars ($[***])250,000) or (ii) any Default or Event of Default has occurred and is continuing, 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, plus (ii) such cash, if any, so transferred to Buyer, will be at least equal to the sum of the Repurchase Prices of all Purchased Mortgage Loans then subject to outstanding Transactions.