Every piece of information within the Useful Possession Qualification, in the event the relevant, is true and you can best in all respects
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SECTION 11. Officer?s Certificate. Exhibit E to the Existing Master Repurchase Agreement is hereby amended by deleting such exhibit in its entirety and replacing it with Annex
SECTION 12. Shows. The cashadvanceamerica.net/loans/no-origination-fee-personal-loan/ Existing Master Repurchase Agreement is hereby amended by adding a new Exhibit S at the end thereof, attached hereto as Annex B.
SECTION 13. Costs and Expenditures. Seller hereby agrees to pay to Buyer, on demand, any and all reasonable out-of-pocket fees, costs and expenses (including reasonable fees and expenses of counsel) incurred by Buyer in connection with the development, preparation and execution of this Amendment, irrespective of whether any transactions hereunder are executed.
SECTION 14. Criteria Precedent. This Amendment shall become effective as of the date hereof upon Buyer?s receipt of this Amendment, executed and delivered by a duly authorized officer of Buyer and Seller.
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SECTION 15. Minimal Effect. Except as expressly amended and modified by this Amendment, the Existing Master Repurchase Agreement shall continue to be, and shall remain, in full force and effect in accordance with its terms.
SECTION 16. Competitors. This Amendment may be executed by each of the parties hereto on any number of separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment in Portable Document Format (PDF) or by facsimile shall be effective as delivery of a manually executed original counterpart of this Amendment.
SECTION 17. Severability. Each provision and agreement herein shall be treated as separate and independent from any other provision or agreement herein and shall be enforceable notwithstanding the unenforceability of any such other provision or agreement.
Governing Laws. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW).
Within the Experience WHEREOF, the newest functions has triggered its labels as closed hereto of the its respective officers thereunto duly licensed by a single day and 12 months basic above-written.
past created concur from Visitors, and provided a possible Standard otherwise a conference out of Standard isnt established and won’t are present this means that thereof, practice a purchase(s) which have any or every one of the Associates when the such purchase (i) is within the typical course of Vendor?s mortgage banking providers and you can (ii) was through to fair and you can reasonable terms no less positive so you’re able to Provider had Provider registered into the a similar arm length?s purchase having a man that is not an affiliate.
Payment Go out: With respect to (i) Unused Facility Fees, by the thirtieth (30th) day following the end of each quarter, (ii) Over/Under Account interest, the fifth (5th) Business Day of each month, and (iii) Price Differential, the fifth (5th) Business Day of each month; provided, however, in each case, Buyer may change the Payment Date from time to time upon thirty (30) days prior written notice to Seller.
(ss) Mortgaged Possessions Unchanged. The Mortgaged Property is in good repair and undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect materially and adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended and each Mortgaged Property is in good repair, except with respect to Agency Eligible Escrow Mortgage Loans or specific mortgage products agreed upon by Buyer in writing.
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