(n) Arranged Indebtedness. Schedule 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) . Regarding per Company Recognition in order to the latest the quantity previously acknowledged, Provider is during a reputation, and no enjoy that have happened otherwise one Supplier relatively thinks you’ll result in, plus, instead of limit, a change in insurance coverage which will either create Merchant unable to adhere to the brand new qualifications standards having keeping every for example applicable or want notification towards the related Agency.

Agencies Approvals

(c)(i)(C) people non-frivolous and reliable litigation or proceeding that’s pending otherwise threatened in writing (a) up against Seller where in actuality the number on it is higher than the new Legal actions Tolerance which can be maybe not protected by insurance coverage, where injunctive otherwise equivalent relief is actually tried, or hence, create fairly be expected getting a material Unfavorable Impact, (b) about the all Repurchase Property, hence, if the negatively computed, would fairly be likely to possess a content Adverse Feeling and (c) one to inquiries or demands conformity of every Mortgage into the Capacity to Repay Signal or QM Rule;

(c)(i)(D) whenever reasonably it is possible to, notice of every of one’s pursuing the incidents: (A) a material loss of the insurance coverage from Merchant, having a copy from proof exact same attached; (B) any issue paydayloanalabama.com/spring-garden/ change in accounting guidelines or financial revealing practices of Seller; (C) punctually up on bill regarding notice or knowledge of one Lien or safety appeal (aside from coverage passion authored hereby otherwise lower than any other Program File or since the if you don’t contemplated here) to your, otherwise allege asserted against, some of the Repurchase Property; (D) the fresh new involuntary termination or involuntary nonrenewal of every facility organization regarding Supplier having a maximum dominant matter (otherwise similar) available in excess of the brand new Studio Cancellation Threshold; (E) this new reduction of any enough time quantities of people warehousing place away from Seller; (F) one Change in Handle; and you can (G) any experiences, situation otherwise status having lead, otherwise provides a probability of resulting, when you look at the a material Bad Perception; otherwise

(c)(i)(E) within two (2) Working days, (1) getting into any settlement which have a political Power, otherwise (2) the new issuance of a permission acquisition because of the any Governmental Authority, where regarding clauses (1) otherwise (2), the newest fines, penalties, settlement amounts or any other wide variety owed because of the Seller Group thereunder exceeds the Settlement Threshold on the twelve (12) day months preceding the Cancellation Go out; and you will

Find regarding Most Indebtedness

(x) . Supplier will bring find to help you Consumer regarding Vendor entering into (i) any warehouse business, financial upkeep business or upkeep improve facility and you may (ii) all other Indebtedness more than $[***], for the for each and every situation, pursuant towards the month-to-month Conformity Certification put significantly less than Part eleven(d)(iv). Into the avoidance out-of question, (x) Seller will offer eg notice to help you Buyer regarding Compliance Certificate that is required getting brought on otherwise up until the past diary day’s the current few days where Merchant incurs people of the things that set forth for the clauses (i) and you may (ii) a lot more than and you will (y) on bill because of the Visitors of such observe, Agenda step 3 hereto should be considered is instantly revised to help you become such as more Indebtedness.