Margin Excess Request definition

Margin Excess Request shall have the meaning specified in Article 3(e)(iv).
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Margin Excess Request has the meaning set forth in Section 4(e) of this Agreement.
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Examples of Margin Excess Request in a sentence

  • Buyer shall by no later than 5:00 p.m. (New York City time) on the second (2nd) Business Day following the Business Day of Buyer’s receipt of such Margin Excess Request, (x) transfer to Seller the amount of cash requested by Seller, and (y) deliver to Seller a revised Confirmation reflecting the corresponding increase in the Purchase Price of such Purchased Asset.

  • Buyer shall by no later than 2:00 p.m. (New York City time) on the second (2nd) Business Day following the Business Day of Buyer’s receipt of such Margin Excess Request, (x) transfer to Seller the amount of cash requested by Seller, and (y) deliver to Seller a revised Confirmation reflecting the corresponding increase in the Purchase Price of such Purchased Asset.

  • With respect to any Purchased Asset, Seller may submit to Purchaser a written request, to be delivered no more frequently than once each calendar month (a “Margin Excess Request”), requesting that Purchaser make an additional advance (a “Margin Excess Advance”) with respect to the applicable Purchased Asset in the amount requested by Seller in such Margin Excess Request that is not less than $250,000 (but not to exceed the Margin Excess for such Purchased Asset).

  • Upon receipt of such Margin Excess Request pursuant to this Section 4(c), Buyer shall increase the Repurchase Price of such Purchased Mortgage Loan from which a Margin Excess Request had been submitted and shall decrease the Repurchase Price of the Purchased Mortgage Loan giving rise to the Margin Deficit within one (1) Business Day of such Margin Excess Request provided that the conditions to Buyer’s funding of a Margin Excess Amount under Section 4(e) are otherwise satisfied.

  • Buyer shall transfer such funds to Seller (or respond in writing with any disagreement as to such request, including, without limitation, with respect to the failure of one or more of the conditions precedent to fund such Purchased Asset Margin Excess set forth in this Section 4(f) to be satisfied) within five (5) Business Days of Buyer’s receipt of the applicable Purchased Asset Margin Excess Request from Seller.

  • Notwithstanding anything to the contrary herein, in connection with any Margin Call under Section 4(a) or 4(b), if Margin Excess with respect to a separate Purchased Mortgage Loan is available, Seller shall have the right to make a Margin Excess Request up to an amount not to exceed the related Margin Excess Amount for the purpose of applying such Margin Excess proceeds in reduction of the Repurchase Price of the Purchased Mortgage Loan giving rise to the Margin Deficit.

  • Seller may not deliver more than one (1) Margin Excess Request for a Purchased Mortgage Loan per calendar month.

  • Buyer shall by no later than 5:00 p.m. (New York City time) on the Business Day following the Business Day of Buyer’s receipt of such Margin Excess Request, (x) transfer to Seller the amount of cash requested by Seller, and (y) deliver to Seller a revised Confirmation reflecting the corresponding increase in the Purchase Price of such Purchased Asset.

  • Purchaser shall by no later than 5:00 p.m. (New York City time) on the second (2nd) Business Day following the Business Day of Purchaser’s receipt of such Margin Excess Request, (x) transfer to Seller the amount of cash requested by Seller, and (y) deliver to Seller a revised Confirmation reflecting the corresponding increase in the Purchase Price of such Purchased Asset.

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