Most of the Indebtedness in excess of $[***] which is at this time essentially and/otherwise a good are noted on

(n) Arranged Indebtedness. Schedule step 3 hereto, as amended from time to time pursuant to the monthly Compliance Certificate (the ?Scheduled Indebtedness?) and no defaults or events of default exist thereunder, which default or event of default entitles any party to require acceleration or prepayment of any Indebtedness thereunder. Seller shall give Buyer prompt notification if any Scheduled Indebtedness that is a repurchase agreement, warehouse facility or similar credit facility (in each case providing mortgage warehouse financing) or that is a servicing advance facility provides more favorable terms to the buyer with respect to any financial covenants covering the same or similar subject matter as the Financial Condition Covenants.

(w) . When it comes to each Institution Recognition and the new the amount previously accepted, Merchant is within an effective reputation, no experiences with taken place otherwise you to definitely Vendor relatively believes could lead to, in addition to, versus limitation, a general change in insurance coverage which could either build Supplier incapable to help you comply with brand new eligibility standards for keeping most of the such as for instance relevant or wanted alerts for the associated Agency.

Agencies Approvals

(c)(i)(C) people low-frivolous and you will credible legal actions or continuing that is pending otherwise endangered on paper (a) up against Merchant the spot where the number in it exceeds the brand new Litigation Endurance in fact it is not covered by insurance rates, where injunctive otherwise comparable relief try tried, or and that, perform reasonably be expected for a content Unfavorable Perception, (b) concerning the Repurchase Property, hence, when the adversely determined, perform relatively be expected getting a content Adverse Perception and you will (c) you to inquiries otherwise demands conformity of every Home mortgage on Ability to Pay-off Rule or QM Laws;

(c)(i)(D) when fairly you can, observe of any of one’s pursuing the incidents: (A) a content lack of the insurance coverage out of Supplier loans Craig, which have a copy regarding evidence of exact same attached; (B) one point improvement in accounting guidelines otherwise monetary revealing means of Seller; (C) promptly upon bill from find otherwise experience with people Lien or protection appeal (besides security interests composed hereby or below some other System Document or as if not considered herein) towards the, or allege asserted facing, all Repurchase Assets; (D) the fresh involuntary termination otherwise unconscious nonrenewal of every factory facilities out-of Supplier having a maximum principal number (otherwise similar) offered in excess of this new Studio Termination Endurance; (E) the brand new decrease in people the full time levels of people warehousing facilities away from Seller; (F) one Improvement in Manage; and (G) any experiences, scenario or reputation who has lead, or enjoys a likelihood of resulting, during the a content Negative Feeling; or

(c)(i)(E) inside a couple (2) Working days, (1) getting into any payment with a political Power, or (2) new issuance out-of a permission buy by one Governmental Authority, where regarding clauses (1) or (2), the fines, charges, settlement wide variety or other quantity owed by Vendor People thereunder exceeds new Settlement Threshold on a dozen (12) few days months before the fresh Cancellation Day; and you may

See out of A lot more Indebtedness

(x) . Vendor will give find so you’re able to Client away from Vendor entering into (i) people warehouse facility, home loan servicing business otherwise upkeep improve studio and (ii) almost every other Indebtedness in excess of $[***], inside the each circumstances, pursuant on the month-to-month Conformity Certification brought lower than Point 11(d)(iv). Towards avoidance out-of question, (x) Seller will render including find in order to Visitors about Compliance Certification that is required are produced toward or until the past diary day’s the modern week in which Supplier incurs any of the items set forth for the clauses (i) and (ii) significantly more than and you may (y) through to bill because of the Buyer of such see, Plan step three hereto shall be considered getting immediately amended to are including more Indebtedness.