Common use of Pricing Rate Clause in Contracts

Pricing Rate. Notwithstanding that Buyer and Seller intend that the Transactions hereunder be sales by Seller to Buyer of the Purchased Mortgage Loans for all purposes except accounting and tax purposes, Seller shall pay Buyer a price differential on the Purchase Price for each Purchased Mortgage Loan from the Date of Disbursement until, but not including, the date of repurchase, at an annual rate equal to the sum of the Applicable Pricing Rate plus the applicable Margin; provided, however, that if a Purchased Mortgage Loan is deemed to be a Noncompliant Mortgage Loan, thereafter, such Purchase Price shall bear a price differential at an annual rate equal to the sum of the Applicable Pricing Rate plus the Type Margin for a Noncompliant Mortgage Loan. Notwithstanding the foregoing, if the Repurchase Price for a Transaction is not paid by Seller when due (whether at the Repurchase Date, upon acceleration or otherwise), the Purchase Price shall bear a price differential from the date due until paid in full at an annual rate equal to the Default Rate.

Appears in 8 contracts

Samples: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.)

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Pricing Rate. Notwithstanding that Buyer and Seller intend that the Transactions hereunder be sales by Seller to Buyer of the Purchased Mortgage Loans Assets for all purposes except accounting and tax purposes, Seller shall pay Buyer a price differential Price Differential on the Purchase Price for each Purchased Mortgage Loan Asset from the Date of Disbursement until, but not including, the date of repurchaseon which the Repurchase Price is paid, at an annual rate equal to the sum of the Applicable Pricing Rate plus the applicable MarginPrice Differential; provided, however, that if a Purchased Mortgage Loan Asset is deemed to be a Noncompliant Mortgage LoanAsset, thereafter, such Purchase Price shall bear a price differential Price Differential at an annual rate equal to the sum of the Applicable Pricing Rate plus the Type Margin for a Noncompliant Mortgage LoanAsset. Notwithstanding the foregoing, if the Repurchase Price for a Transaction is not paid by Seller when due (whether at the Repurchase Date, upon acceleration or otherwise), the Purchase Price shall bear a price differential Price Differential from the date due until paid in full at an annual rate equal to the Default Rate.

Appears in 1 contract

Samples: Master Repurchase Agreement (Nationstar Mortgage Holdings Inc.)

Pricing Rate. Notwithstanding that Buyer and Seller intend that the Transactions hereunder be sales by Seller to Buyer of the Purchased Mortgage Loans Assets for all purposes except accounting and tax purposes, Seller shall pay Buyer a price differential on the Purchase Price for each Purchased Mortgage Loan Asset from the Date of Disbursement until, but not including, the date of repurchase, at an annual rate equal to the sum of the Applicable Pricing Rate plus the applicable MarginPrice Differential; provided, however, that if a Purchased Mortgage Loan an Underlying Asset is deemed to be a Noncompliant Mortgage Loan, thereafter, such the related Purchase Price shall bear a price differential Price Differential at an annual rate equal to the sum of the Applicable Pricing Rate plus the Type Margin for a Noncompliant Mortgage Loan. Notwithstanding the foregoing, if the Repurchase Price for a Transaction is not paid by Seller when due (whether at the Repurchase Date, upon acceleration or otherwise), the Purchase Price shall bear a price differential Price Differential from the date due until paid in full at an annual rate equal to the Default Rate.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

Pricing Rate. Notwithstanding that Buyer and Seller intend that the Transactions hereunder be sales by Seller to Buyer of the Purchased Mortgage Loans Assets for all purposes except accounting and tax purposes, Seller shall pay Buyer a price differential Price Differential on the Purchase Price for each Purchased Mortgage Loan Asset from the Date of Disbursement until, but not including, the date of repurchaseon which the Repurchase Price is paid, at an annual rate equal to the sum of the Applicable Pricing Rate plus the applicable MarginPrice Differential; provided, however, that if a Purchased Mortgage Loan an Underlying Asset is deemed to be a Noncompliant Mortgage LoanAsset, thereafter, such Purchase Price shall bear a price differential Price Differential at an annual rate equal to the sum of the Applicable Pricing Rate plus the Type Margin for a Noncompliant Mortgage LoanAsset. Notwithstanding the foregoing, if the Repurchase Price for a Transaction is not paid by Seller when due (whether at the Repurchase Date, upon acceleration or otherwise), the Purchase Repurchase Price shall bear a price differential Price Differential from the date due until paid in full at an annual rate equal to the Default Rate.

Appears in 1 contract

Samples: Master Repurchase Agreement (Mr. Cooper Group Inc.)

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Pricing Rate. Notwithstanding that Buyer and Seller intend that the Transactions hereunder be sales by Seller to Buyer of the Purchased Mortgage Loans Assets for all purposes except accounting and tax purposes, Seller shall pay Buyer a price differential on the Purchase Price for each Purchased Mortgage Loan Asset from the Date of Disbursement until, but not including, the date of repurchase, at an annual rate equal to the sum of the Applicable Pricing Rate plus the applicable Margin; provided, however, that if a Purchased Mortgage Loan an Underlying Asset is deemed to be a Noncompliant Mortgage Loan, thereafter, such the related Purchase Price shall bear a price differential at an annual rate equal to the sum of the Applicable Pricing Rate plus the Type Margin for a Noncompliant Mortgage Loan. Notwithstanding the foregoing, if the Repurchase Price for a Transaction is not paid by Seller when due (whether at the Repurchase Date, upon acceleration or otherwise), the Purchase Price shall bear a price differential from the date due until paid in full at an annual rate equal to the Default Rate.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

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