Common use of Section 17 Clause in Contracts

Section 17. 15. The Seller’s liquidity (unrestricted cash, Cash Equivalents and unused portion of the Purchase Value of the Purchased Loans), as of __________________, 20___ was $_____________ (the minimum under Section 17.15 is $14,000,000). Unencumbered cash and cash equivalents: $ _______________ Plus Unused availability against Purchased Loans (Purchase Value – Purchase Price): $ _______________ LIQUIDITY: $ _______________

Appears in 2 contracts

Sources: First Amendment to Second Amended and Restated Master Repurchase Agreement (M.D.C. Holdings, Inc.), Master Repurchase Agreement (M.D.C. Holdings, Inc.)

Section 17. 15. The Seller’s liquidity (unrestricted cash, Cash Equivalents and unused portion of the Purchase Value of the Purchased Loans), as of __________________, 20___ was $_____________ (the minimum under Section 17.15 is $14,000,00012,000,000). Unencumbered cash and cash equivalents: $ _______________ Plus Unused availability against Purchased Loans (Purchase Value – Purchase Price): $ _______________ LIQUIDITY: $ _______________

Appears in 1 contract

Sources: Master Repurchase Agreement (MDC Holdings Inc)

Section 17. 15. The Seller’s liquidity (unrestricted cash, Cash Equivalents and unused portion of the Purchase Value of the Purchased Loans), as of __________________, 20___ was $_____________ (the minimum under Section 17.15 is $14,000,00012,000,000). Unencumbered cash and cash equivalents: $ _______________ Plus Unused availability against Purchased Loans (Purchase Value – Purchase Price): $ _______________ LIQUIDITY: $ _______________$

Appears in 1 contract

Sources: Master Repurchase Agreement (MDC Holdings Inc)

Section 17. 15. The Seller’s liquidity (unrestricted cash, Cash Equivalents and unused portion of the Purchase Value of the Purchased Loans), as of __________________, 20___ was $_____________ (the minimum under Section 17.15 is $14,000,0008,000,000). Unencumbered cash and cash equivalents: $ _______________ Plus Unused availability against Purchased Loans (Purchase Value Purchase Price): $ _______________ LIQUIDITY: $ _______________$

Appears in 1 contract

Sources: Master Repurchase Agreement (MDC Holdings Inc)