Blog post 4 of your own Current Grasp Repurchase Arrangement is actually hereby amended with the addition of another the new Point 4

Certain Understood Guidance Could have been Excluded On Showcase Since it Is actually Not Topic And you can Would probably Result in Competitive Harm to The brand new REGISTRANT In the event the In public places Announced. [***] Indicates that Pointers Might have been REDACTED.

Amendment No. 8 to Grasp Repurchase Contract, dated as of endment?), by and between Bank of America, N.A. (?Customer?) and Caliber Home Loans, Inc. (?Provider?).

Borrowing from the bank Business

Buyer and Seller are parties to that certain Master Repurchase Agreement, dated as of ended, restated, supplemented or otherwise modified from time to time, the ?Current Learn Repurchase Contract?; and as further amended by this Amendment, the ?Master Repurchase Agreement?).

Consumer and Vendor possess agreed, susceptible to new terms and conditions in the Modification, that the Present Grasp Repurchase Arrangement become amended so you can reflect specific agreed upon revisions towards the terms of current Grasp Repurchase Arrangement.

Appropriately, Client and Seller hereby agree, in the planning of the shared pledges and common debt established herein, your Existing Master Repurchase Contract is actually hereby amended as follows:

SECTION 1. Approved Payees. Section 3.7 of the Existing Master Repurchase Agreement is hereby amended by deleting subsection (b) in its entirety and replacing it with the following:

Facility Loan providers

(b) . Making sure that a facility lender that provide money according from a great Correspondent Real estate loan to be appointed an approved Payee regarding any Purchase price, Supplier should yield to Consumer a created demand, for instance the identity and you may address of factory bank, appearing a need for including designation. Regardless of the foregoing, Client supplies the legal right to refuse to designate for example warehouse financial because an approved Payee, otherwise, instead, to need additional conditions and terms to make certain that Consumer to pay a purchase price so you can instance facility financial.

4.14 Solution Rate. If prior to any Payment Date, Buyer determines in its sole discretion that, by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining One-Month LIBOR, One-Month LIBOR is no longer in existence, or the administrator of One-Month LIBOR or a Governmental Authority having jurisdiction over Buyer has made a public statement identifying a specific date after which One-Month LIBOR shall no longer be made available or used for determining the interest rate of loans (such specific date, the ?Booked Unavailability Date?), Buyer shall give prompt notice thereof to Seller. In addition, upon such time as Buyer chooses in good faith an alternative benchmark rate (including any mathematical or other adjustments to the benchmark rate (if any) incorporated therein and any proposed Successor Rate Conforming Changes, as determined by Buyer and consistent with the benchmark rate of similarly situated counterparties with similar assets in similar facilities) (such rate, a ?Successor Rate?) to succeed One-Month LIBOR, Buyer shall give prompt notice thereof to Seller, and the Applicable Pricing Rate shall be such Successor Rate from the date specified in such notice until such notice has been withdrawn by Buyer.

(g) . The only credit facilities, including repurchase agreements for mortgage loans and mortgage-backed securities, of Seller that are presently in effect and are secured by mortgage loans or provide for the purchase, repurchase or early funding of mortgage loan sales, are either (i) with Persons disclosed to Buyer how to a business loan at the time of application, or thereafter disclosed on the monthly compliance certificate, and, if required by Buyer, such Persons have executed and delivered an Intercreditor Agreement (or will execute and deliver an Intercreditor Agreement within sixty (60) days following the Effective Date in accordance with Section eight.step three) or (ii) warehouse lenders that provide financing in respect of a Correspondent Mortgage Loan that are Approved Payees.