Section 5
Find. Section 9.3 of the Existing Master Repurchase Agreement is hereby amended by deleting subsections (g), (m) and (n) in their entirety and replacing them with the following:
(g) one improvement in any material value to virtually any underwriting guidelines pertaining to Qualified Mortgage loans hereunder, otherwise correspondent direction (and, rather than maximum brand new correspondent recognition techniques) away from Provider available at the time of new Productive Go out;
(m) regardless of the original phrase with the Area along with any event zero afterwards than just 30 (30) days? early in the day written observe to Visitors, one (i) change to the location of its leader workplace/master bar or nightclub off that given in the Area 8.1(t), (ii) change in title, title or business design (and/or similar) otherwise change in the region where Seller keeps the details that have esteem on Purchased Possessions otherwise one Ordered Facts, otherwise (iii) reincorporation otherwise reorganization away from Vendor within the rules of some other legislation;
(n) any (i) situation non-economic sanctions levied against Merchant; (ii) charges or costs levied facing Seller in excess of $[***] directly obtain as a result of Merchant?s actions otherwise omission to do something; (iii) people change in Approval condition off Supplier otherwise (iv) the commencement of every issue non-regimen Institution Audit, study or perhaps the facilities of any action facing Provider, within the for each question of clauses (i), (ii) and (iv), by the people Department, HUD, the newest FHA, new Va or the RD or people supervisory or regulating Political Power supervising or Oregon title loans managing the origination or servicing away from mortgage loans of the, or the issuer or provider status away from, Seller;
9.18 Useful Possession Degree. Seller shall at all times either (i) ensure that the Seller has delivered to Buyer a Beneficial Ownership Certification, if applicable, and that the information contained therein is true and correct in all respects, or (ii) deliver to Buyer an updated Beneficial Ownership Certification within five (5) Business Days following the date on which the information contained in any previously delivered Beneficial Ownership Certification ceases to be true and correct in all respects.
10.1 Personal debt. Seller shall not incur any additional material Debt in excess of $[***] without the prior written consent of Buyer, other than (i) the Existing Debt, (ii) Debt incurred in connection with a repurchase agreement, warehouse facility or similar credit facility or mortgage servicing or servicing advance facility, (iii) Debt incurred with Buyer or its Affiliates, and (iv) usual and customary accounts payable for a mortgage company.
Section cuatro
10.3 Obligations and you may Subordinated Loans. Seller shall not, either directly or indirectly, without the prior written consent of Buyer, pay any Debt or Subordinated Debt if such payment shall cause a Potential Default or Event of Default. Further, if an Event of Default shall have occurred and for as long as such is occurring, Seller shall not, either directly or indirectly, without the prior written consent of Buyer, make any payment of any kind thereafter on such Debt or Subordinated Debt until all obligations of Seller hereunder have been paid and performed in full.
SECTION 7. Transactions with Associates. Section 10.7 of the Existing Master Repurchase Agreement is hereby amended by deleting such section in its entirety and replacing it with the following:
10.7 Purchases having Affiliates. Other than with respect to a Permitted Affiliate Transaction, Seller shall not, directly or indirectly, enter into any transaction with its Affiliates, without the prior written consent of Buyer, including, without limitation, (a) transferring, selling, pledging, assigning or otherwise disposing of any of its assets to or on behalf of an Affiliate, (b) purchasing or acquiring assets from an Affiliate, or (c) paying management fees to or on behalf of an Affiliate; provided, however, that Seller may, without the