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SEC Filings

10-K
DITECH HOLDING CORP filed this Form 10-K on 04/16/2019
Entire Document
 


(vii)    Satisfaction of any conditions precedent to the initial Transaction as set forth in clause ‎(a) of this Section ‎10 that were not satisfied prior to such initial Purchase Date;
(viii)    Agent shall have determined that all actions necessary to establish or maintain Agent’s perfected security interest in the Purchased Assets and Purchased Items have been taken;
(ix)    Agent shall have received any other documents reasonably requested by Agent;
(x)    There is no Margin Deficit at the time immediately prior to entering into a new Transaction (other than a Margin Deficit that will be cured contemporaneous with such Transaction in accordance with the provisions of Section ‎7 hereof);
(xi)    To the Seller’s and the Agent’s knowledge, the FHA continues to hold permanent indefinite authority to obtain funds directly from the United States Treasury without additional congressional approval;
(xii)    None of the following shall have occurred and/or be continuing (it being understood that Agent will make the following determinations consistent with those made with respect to similar borrowers or sellers under similar credit or repurchase agreements):
(A)
an event or events shall have occurred in the good faith determination of Agent resulting in the effective absence of a “repo market” or comparable “lending market” for financing debt obligations secured by mortgage loans or securities or an event or events shall have occurred resulting in any Purchaser not being able to finance Eligible Assets through the “repo market” or “lending market” with traditional counterparties at rates which would have been reasonable prior to the occurrence of such event or events; or
(B)
an event or events shall have occurred resulting in the effective absence of a “securities market” for securities backed by mortgage loans or an event or events shall have occurred resulting in Agent or any Purchaser not being able to sell securities backed by mortgage loans at prices which would have been reasonable prior to such event or events; or
(C)
there shall have occurred a material adverse change in the financial condition of any Purchaser which affects (or can reasonably be

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