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SEC Filings

T-3
WALTER INVESTMENT MANAGEMENT CORP filed this Form T-3 on 11/06/2017
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(m)   No loss of any Opco’s status as (x) an approved servicer or (y) approved issuer, with Fannie Mae, Freddie Mac, or Ginnie Mae, as applicable, or termination of any of the GA Selling and Servicing Agreements (for the avoidance of doubt, except for the EAR Arrangement);

 

(n)    Required Lenders shall have completed, to their satisfaction, with respect to mortgage loans and servicing advance receivables, their operational due diligence review, in each case, so as to enable Required Lenders to confirm the accuracy of the Opcos’, Depositors’ and SAF SPVs’ representations and warranties as to the Collateral;

 

(o)    No uncured event of default or uncured default under any Exit Facility Agreement shall exist;

 

(p)    Accuracy in all material respects of representations and warranties provided by Opcos, Depositors and SAF SPVs and the Reorganized Debtor in the Exit Facility Agreements and Exit Guaranties, as applicable;

 

(q)    With respect to the New Forward Origination Facility Agreement, the servicer of any mortgage loan as Collateral is not in default of the applicable servicing agreement;

 

(r)     With respect to the New Forward Origination Facility Agreement and New Reverse Mortgage Facility Agreement, none of the following shall have occurred and/or be continuing (it being understood that Administrative Agent (at the direction of Required Lenders) will make the following determinations acting in good faith):

 

1. Credit Suisse AG, New York Branch’s or Barclays’ corporate bond rating as calculated by S&P or Moody’s has been lowered or downgraded to a rating below investment grade by S&P or Moody’s;

 

2. an event or events shall have occurred in the good faith determination of Administrative Agent (at the direction of Required Lenders) 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 a Credit Party not being able to finance mortgage loans 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;

 

3. 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 a Credit Party not being able to sell securities backed by mortgage loans at prices which would have been reasonable prior to such event or events; or

 

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